• <abbr id="ck0wi"><source id="ck0wi"></source></abbr>
    <li id="ck0wi"></li>
  • <li id="ck0wi"><dl id="ck0wi"></dl></li><button id="ck0wi"><input id="ck0wi"></input></button>
  • <abbr id="ck0wi"></abbr>
  • <li id="ck0wi"><dl id="ck0wi"></dl></li>
  • Home >

    Rising Labor Costs: Textile Production And Distributors Face Challenges

    2010/6/8 9:37:00 31

    Textile Industry

    Recently, the rising cost of labor has become a common concern of the society.

    Raising the minimum wage and raising the remuneration of the low income class bring certain cost pressure to the enterprises.

    Textile and clothing

    The industry, as a traditional labor-intensive and low margin industry, is inevitably affected by this round of pay rises.

    In this report, we analyze the impact of rising labor costs on the performance of textile and apparel companies, and predict the degree of decline in net profit under different wage increases for investors' reference.


    The calculation of static sensitivity showed that the average wage increased by 10% and the net profit decreased by 5%, including sports brand trends, Anta, Lining, men's brand Li Lang and so on. The net profit dropped from 5% to 10%, including home textile brand Luo Lai, Fuan (002327, stock bar), footwear brand BELLE, Daphne, garment manufacturing enterprise Shenzhou International, and the net profit decreased by more than 10%: processing manufacturing enterprise Yuyuan, Wei Qiao textile, and smaller brand operators Saturday (002291, shares bar) and so on.


    Overall, upstream

    Manufacturer

    Distributors are more affected by the rise of labor costs than brand operators.


    For brand operators, the expansion of sales scale has brought about significant operational leverage, and to some extent, it can resist the negative impact of wage increases.

    The expansion of brand sales does not necessarily require the expansion of management teams in proportion. R & D, marketing and other departments can play a strong leverage role.

    Therefore, under the similar business mode, the scale is bigger and the growth is faster.

    brand

    Operating companies are less affected by pay changes.


    We believe that enterprises with lower net profit margins are relatively more affected by wage increases.

    Research shows that many textile and garment enterprises with low profit margins and high labor costs have fallen more than 20% when wages have risen more than 20%.


    Investment suggestion


    Production and distribution enterprises have greater risks and avoid low profit and high labor costs, such as Yuyuan, Wei Qiao textile, Germany Yongjia, Baosheng and so on.

    It is recommended to pay attention to brand operation companies, and recommend: Men's clothing (Li Lang, seven wolves (002029, stock bar)), sportswear (Lining, Anta, China trend), women's shoes (BELLE), etc.

    CICC

    • Related reading

    The Report Said That Textile Printing And Dyeing Production Will Reach 32 Billion Square Meters In 2015.

    Industry dynamics
    |
    2010/6/8 9:33:00
    25

    The "Brics" Hidden Rules Of Luxury Goods In China

    Industry dynamics
    |
    2010/6/7 10:11:00
    44

    Tragedy Triggering Thinking &Nbsp; OEM Shoe Companies Shuffling Soon.

    Industry dynamics
    |
    2010/6/7 9:44:00
    35

    South Africa World Cup Shoe Business Boots To Focus

    Industry dynamics
    |
    2010/6/7 9:42:00
    45

    Extend Cotton Industry Chain &Nbsp; Enhance Competitiveness

    Industry dynamics
    |
    2010/6/7 9:39:00
    36
    Read the next article

    Italy Fashion Clothing Brand Lotto Stationed In Kaifeng, Henan

    Yesterday morning, Italy fashion dress brand Lotto (Le Tu) Kaifeng shop opened ceremoniously.

    主站蜘蛛池模板: 亚洲一区二区三区影院| 机巴太粗太硬弄死你| 天天躁日日躁狠狠躁| 午夜两性色视频免费网站| 亚洲av无码一区二区二三区 | 欧美顶级aaaaaaaaaaa片| 大西瓜pron| 午夜小视频在线| 久久久久成人精品无码| 四虎国产精品永久在线播放| 永久免费无码网站在线观看| 少妇饥渴XXHD麻豆XXHD骆驼| 午夜免费理论片a级| www夜插内射视频网站| 蜜桃臀无码内射一区二区三区| 果冻传媒第一第二第三集| 国产超碰人人模人人爽人人喊| 亚洲欧美日韩中文字幕在线一区 | 欧美理论在线观看| 天天操夜夜操美女| 亚洲精品成人图区| japanese成熟丰满熟妇| 污视频免费在线观看| 国产精品无码日韩欧| 九九影视理伦片| 麻豆久久婷婷综合五月国产| 日韩国产免费一区二区三区| 国产三级手机在线| 久久久午夜精品福利内容| 老扒的幸福时光| 日产精品一致六区搬运| 可以看的黄色国产毛片在线电影| 久久久久亚洲Av片无码v| 韩国一级做a爱性色毛片| 成年女人a毛片免费视频| 国产偷久久久精品专区| 久久精品国产一区二区三区| 丁香六月久久久| 日韩精品视频美在线精品视频| 国产无遮挡又黄又爽又色| 亚洲人成777在线播放|