Textile And Garment Industry: Clothing Industry Will Continue To Narrow Its Zero Decline And Usher In A Warmer Period.

Industry's core view:

Last week, the National Bureau of Statistics announced zero data. In April, the retail sales of clothing, shoes and hats and needle textiles were above 79 billion 900 million yuan, down from the same period last year. 18.5% It narrowed down compared with March. Sixteen point three A PCT. In online retail sales of physical goods, wear commodities are down. 12% It narrowed down compared with March. Three point one A PCT. In the short term, the effect of promoting consumption policy is initially apparent. With the continuous promotion of the resumption of industry and the resumption of schooling in China, the volume of passenger traffic in major business circles has gradually increased, and the textile and garment industry has come to a warmer period. In the medium to long term, this epidemic has prompted more people to pay attention to physical health and physical exercise. In the future, with the increase of people's activities and the cultivation of exercise habits, the demand for sports apparel is expected to rebound strongly. It is recommended to pay attention to the top quality sports clothing leading enterprises affected by the epidemic.

Main points of investment:

Market review: last week (May 11th -5 15) shwan textile and clothing index fell 0.6% To win the Shanghai Composite Index. Zero point three three A percentage point, in shwan 28 first tier industry index rose twelfth. Since the beginning of the year, the textile and apparel index of Shen Wan has dropped. 8.19% Losing the Shanghai Composite Index Two point two four A percentage point, ranking 28 in Shen Wan's first tier sub sectors, ranked twenty-first. In terms of subdivision plates, textile manufacturing last week - 0.95% Clothing home textiles - 0.42% Textile manufacturing since the beginning of the year. 9.47% Clothing home textiles - 7.52% 。 The PE value of the plate is textile manufacturing. Twenty-three point six six Clothing home textiles Thirty-four point four two 。

Important events in the industry: (1) overseas: Sales of Under Armour declined by 23% in the first quarter; Gap group joined hands with IMG company; the sales of H&M were greatly reduced by the epidemic situation; Nike announced the reopening of the US stores; the Cage line opened the new store online for busy promotion. (2) domestic: La Natsu Bell's self rescue measures are not good enough; the birds have been in the market for two consecutive years; the ZARA Versace Givenchy clothing failed to be sampled. (3) industry: the clothing market was seriously affected by the epidemic in the first quarter.

Important announcements of listed companies: initial shares, INTERCHINA group, Meng Jie shares, many favorite, Sanfo outdoor shareholders reduction; profit distribution of Kai Run shares, Yanjiang shares, Longzi shares, di Su fashion and Xingye technology; and Kang long Da issues convertible bonds.