Textile Shoes And Clothing Industry Has Been Pformed Electricity Supplier Sports Pformation Is Optimistic

The overall performance indicators of the industry are still at a low level, and the overall recovery is still in time.

In the 1-10 months of 2015, the performance indicators kept low, and the overall performance was hard to recover. The growth rate of clothing retail sales of all the major retail enterprises in the country in the second quarter bottomed out and then dropped sharply in the third quarter. The export situation continued to be sluggish; the growth rate of industry revenue growth and total profit continued to slow down; profitability declined slightly.

Footwear, men's clothing and home textiles in the sub sectors took the lead.

From the three angles of growth, profitability and operation ability, we think footwear, men's clothing, and so on.

There has been signs of recovery, operating income and net profit has shown a fast and steady growth trend; profitability has been improved significantly in terms of gross margin and internal tapping of potential and strict control costs; the liquidity of inventory and accounts receivable has increased, and the rate of repayment has increased.

The pformation is expected to be strong, and the cumulative gains of the first half of this year are ahead.

Since the beginning of this year, the total number of shoes and garments textile plates has risen to 77.82%, which has substantially outperformed the Shanghai Composite Index by 69.86 percentage points, ranking second in the 28 industry sectors of Shen Wan.

The reason for the top ranking of shoes and garments textile plates is that many companies in the industry have carried out the restructuring of their shoes and garments, and the strategic layout of the cross industry.

Such as: cross border, AOKANG international layout of cross-border electricity providers; Hua Si share layout micro business; Pathfinder, the layout of big bird sports ecological circle; the layout of Internet birds; the layout of intelligent home, Semir clothing, blonde Bela layout baby industry.

For the plate 2016 investment opportunities: at present

The overall price to earnings ratio of the plate has reached 40 times, which is relatively high in the past 5 years, only 60 times that of June this year, and the valuation level is still high.

But in 2016, in the background of the recovery of the basic mask of textile and clothing industry, the pformation and upgrading of the industry (cross border electricity supplier shoes and clothing textile finance, outdoor sports, fashion industry, mobile social networking, baby industry) and the deepening of the reform, we still optimistic about the trend of the textile and garment industry in 2016, focusing on cross-border e-commerce, baby industry and the theme of big sports investment.

In terms of stocks, cross border pass, AOKANG international and Pathfinder buy rating were given to "birds of honor" and Semir dress "overweight" rating.