Textile And Garment Industry Segmentation Leading Shares Weak Market Flaunt

　　繼4月的深跌、5月的慘淡后，6月A股再迎開門綠。上證指數4月15日以來已經累計下跌20.82%。同期，紡織服裝板塊表現抗跌，內銷高增長預期未減及出口復蘇趨勢明顯，紡織服裝板塊收益略好于指數。

In particular, textile and garment industry's leading sub sectors, because of technological innovation "driving" performance growth, in the two tier market has become the main force to support industry performance better than the market.

23 textile and apparel stocks outperform the market.

According to the latest statistics of WIND information, as of June 1st, the total market value of 64 textile and apparel A shares was 245 billion 60 million yuan, which decreased by 8.11% compared with the total market value of 266 billion 682 million yuan at the beginning of this year, while the total market capitalization of all A shares decreased by 14.36% during the same period.

The weighted average latest stock price of the 64 stocks is 8.13 yuan, compared with 10.36 yuan at the beginning of the year, and the average share price has dropped 21.53%. Compared with the 21.63% decline in the Shanghai Composite Index, textile and apparel stocks have slightly declined this year.

However, since April 15th, in the "bottom down" market, the textile and garment sector showed a strong advantage, and 23 stocks successfully won the same period.

According to the share price increase list, since April 15th, a total of 23 textile and apparel stocks have won the Shanghai Composite Index, accounting for 36%, of which 7 textile and garment stocks have risen against the market and become the most beautiful scenery in the two tier market.

It is worth noting that these 7 stocks that rose against the market had 6 small and medium-sized family members.

Specifically, the shares rose the largest in Futian group, and the share price rose from 9.37 yuan in April 14th to 10.57 yuan in June 1st. The cumulative increase was 12.81%. The price of the seven wolves rose by second, and the share price rose 8.67% to 30.97 yuan. Shandong Ruyi and Huafu color spinning followed closely. During the rapid decline of the market, the share price went up 3.08% and 2.44% respectively.

In addition, there are 16 textile and apparel stocks including the wedding bird, Huarun Jinhua and so on. Although the share price has fallen since April 15th, the drop is all lower than that of the Shanghai Composite Index (20.82%) in the same period.

Home textile and apparel companies are the most strong.

From the point of view of the subdivision industry, the stock price of the clothing and home textile listed companies is the most strong, and the weighted average return rate of the two major segments of the industry has successfully won the same period of the same period.

The stock market is the most prominent company since mid April, and its share price has risen 12.81% against the market.

The company is the largest and most exported modern household textile manufacturer in China. It specializes in the production and sale of high-grade and high-grade towel blanket and decorative cloth products.

At present, the towel has gained the first place in the market share of similar products in 2009, and the top ten market share of similar products in bedding series has won the fastest growing supplier award of WAL-MART.

"This is not only the honor of the enterprise, but also the recognition of the consumers to the company," Sun Yong, general manager of the Limited by Share Ltd, said in an interview.

In the past 3 years, foe has taken a firm foothold in the domestic market, and in the next 3 years, we will usher in a period of rapid growth.

In response to the development strategy and adjustment strategy of the group in the post crisis era, Sun Yong said: "the next step will be to increase investment in the domestic market, promote brand strategy as the long-term development goal of the enterprise, and make the enterprise better, bigger and stronger in the domestic market, and at the same time, push the brand to the international market.

"Fu Shi has just formulated a domestic market development strategy, hoping to further increase the share of the domestic market."

In the middle of April, since the mid market share price rose 1.27%, the home textile industry is leading in China's home textile industry, and is the leading manufacturer of bedding products in China.

In 2004, the company received the first sales of similar products in the market, and gained the first comprehensive market share of similar products for 4 consecutive years from 2005 to 2008.

Fu An Na, a homologous home textile industry, has seen an obvious fall off since the middle of April, with an increase of 1.58%.

The company's products are ranked first in the market share of similar products in the Southern China market. Sales revenue in the region has accounted for more than 30% of the company's total revenue, and the two regional markets in Southern China and East China account for more than 50% of the company's total revenue.

In the clothing industry, the seven wolves are the leading domestic leisure apparel industry, ranking 8.67% in textile and clothing resistance list by second.

The company's product positioning for men's casual wear, in the market enjoys a high degree of brand awareness and reputation, product comprehensive market share is among the best.

The main funds involved in the data show that in May 21st, May 24th, May 31st, the three trading days, there is no big single sell pactions, while the three trading days, large single buy the stock has 48 thousand and 700 shares, 62 thousand shares, 15 thousand shares.

{page_break}

Securities companies are optimistic about the "technological innovation" type increment.

Ten thousand defeats fail.

The monopoly of new technology alone will bring a sense of leap.

As a leading enterprise in the subdivision industry, it is often a leader in technological innovation.

Technological innovation is more important for the growth of listed companies.

Take the stock market with the strongest firmness as an example, with more than 3000 sets of production equipment, such as dyeing, weaving, printing and finishing packaging, which have advanced technology in the world, the import rate of equipment is over 80%.

The company expects 2010 1~6 business growth will grow by 30% over the same period.

Guoxin Securities Research Report believes that the stock market of Guoxi shares is growing rapidly, and PV performance is beginning to show.

2009 earnings per share of 0.12 yuan, in line with expectations.

Domestic towel revenue increased 40% to 480 million yuan, domestic sales accounted for 1/4, profits gradually emerged, and the export market of the company will continue to improve.

In addition, the PV business began to contribute to its performance. In 2009, EFU achieved 168 million yuan and realized a profit of 4 million 160 thousand yuan. At the end of the year, its capacity reached 50MW, and its average operating rate was 60% in 2010 and 600 million yuan in revenue.

The film business 90% equipment has been completed and is expected to start production in July.

It is estimated that earnings per share will be 0.19 yuan, 0.29 yuan and 0.38 yuan per 2010~2012, and the company's reasonable value is 12~15 yuan.

For example, Luo Lai home textile often takes the lead in adopting new fabrics and new technologies in the industry, such as the printing process of laser net, the blending of man made fibers, Tencel, and all silk interlacing.

Each year, the research and development will be divided into two seasons, and more than 100 new product modules and core products will be launched. The annual sales volume of new products will reach about 30% of the total sales of the company.

The company expects net profit in the first half of this year to grow by 30% to 50% over the same period last year due to increased channel development and control and new product research and development.

CITIC Securities said in its research report that the control and control capability of the home textile channel is worth affirming. In the first quarter of 2010, the fourth quarter of 2009 continued to grow at a high level, and its revenue and net profit increased by 41% and 43% respectively. It is estimated that the earnings per share from 2010 to 2012 will be 1.40 yuan, 1.8 yuan and 2.19 yuan, respectively, giving the company 35 times the value of 2010.

Shandong is willing to concentrate on the main business of worsted fabrics, and its share price has risen 3.08% in the middle of April.

It is reported that Ruyi group will spend about 300 million yuan (about 4 billion yen) to acquire about 40% of Renown, the former largest garment operator in Japan, and become the largest shareholder of the latter.

Once the acquisition is successful, this will be the largest investment in the history of Chinese enterprises for Japanese listed companies, and the leading position of Shandong Ruyi in the garment industry will also be consolidated.

At present, the company adheres to the positioning of high-end products with high technology content, high quality and high added value, and maintains high profitability. The export of high-end worsted fabrics ranks among the top export of the country, and it has become the few enterprises in China that can compete with the European and American, Japanese and other high grade worsted fabric production bases.

Orient Securities believes that the new technology industrialization and asset integration will jointly promote the growth of Shandong's Ruyi profit.

According to the latest trends of annual reports and the acquisition of garment assets, the company's profit growth in the 2010~2012 year is 84%, 37% and 24% respectively without considering the further integration of the subsequent assets. Corresponding to the current stock price companies' dynamic P / E ratios in 2010 and 2011, they are 23 times and 16 times respectively.