Textile And Garment Industry Key Companies In The Foresight: Ice And Fire

Influenced by internal and external negative factors, the domestic textile and garment industry continued to decline on the basis of the first quarter of the 08 quarter and the two quarter of the year. The total revenue and total profit growth of all industries above the scale continued to decline. The gross profit margin of the industry began to decline slightly in the first quarter of the two quarter.

08 years ago, data in May showed that the growth of fixed assets investment in the domestic textile and garment industry continued to slow down on the basis of the first quarter, and the export growth rate of the industry began to decline further in the two quarter.

It is also worth noting that since the two quarter, domestic macroeconomic regulation, inflation and market concerns about the prospects for domestic economic growth have led to a slowdown in the growth of total retail sales of clothing consumer goods.

The role of domestic demand instead of investment and export driving industry growth needs further observation in the future.

The continued divergence of industry CPI index and PPI index also indicates the possibility of further compression of industry profit space.

We maintain a "neutral" rating for the industry. We suggest that we should avoid the upstream spinning and weaving enterprises, especially export processing enterprises, and continue to look forward to (1) the leading brands of retail enterprises (2) that have relatively monopoly advantages, including garment accessories, fabrics and accessories.

Tracking the reports of key companies found that the operation of different companies in the industry can be described as two hot days. The leading brands of clothing enterprises and some small business leaders still maintained rapid growth in performance under pressure. A large number of enterprises with higher export proportion or small enterprises that are in the stage of planning expansion are slow down by the macro environment and industry.

Companies that perform better or may exceed expectations: seven wolves and Weixing shares.

The earnings growth of the two companies is expected to be 150% and 60% respectively.

The reported results of the news birds are basically the same as those predicted in a quarterly report, which is expected to grow by about 75% over the same period.

Rebecca's interim profit is expected to maintain a rapid growth of around 30%.

The company's performance is basically the same as expected: Lu Tai and YOUNGOR.

The medium-term performance of the 08 year has maintained a steady growth. Despite the pressure from the export industry, the profit of the two companies in the 08 years may increase by 23% and 9% respectively, thanks to the comprehensive competitiveness and diversification advantages of the company.

Companies whose performance may be lower than expected: Fu Tian shares, Zhonghe shares and Xun Xing shares.

Affected by the systemic risk and macro environment of the industry, sales revenue growth is lower than expected, a slight decrease in gross margin and a rapid increase in the cost of the period will result in less than expected earnings of the three companies. We preliminarily calculate that their performance will be basically flat or slightly higher than the previous year's level in the same period last year, and the profit growth rate is obviously lower than that of the revenue growth.