In The First Half Of The Year, The Textile Industry'S Stock Price Rose &Nbsp, Huafu Color Spinning Stock Exceeded 800 Million.

In the first half of this year,

According to WIND information statistics, in the 14 listed textile companies listed in the announcement, in addition to 3 ST companies, the remaining 11 raw materials inventory exceeded 20 million yuan or more.

Among them, Huafu color spinning (002042, stock bar), Tong Kun shares (601233, stock bar), Jiangsu sunshine (600220, stock bar), joint stock shares (002394, stock bar), Shandong Ruyi (002193, stock bar), hang min shares (600987, stock bar) raw material inventory is higher than 100 million yuan or more.

Zhu Qinghua, a light industry researcher at CIC, told the Securities Daily reporters: "because of the weak demand in the textile industry in the first half of this year and the pition from the off-season to the peak season in the textile industry, the inventory of finished products in the textile industry is at a high level, which makes it difficult for the textile industry to increase raw material inventories in order to prevent the rise in cotton prices in the first few months, so the stock of raw materials in the main listed companies is still high."

The first half of 800 million

Huafu dyed "dyspepsia"?

Since March, prices of textile raw materials such as cotton have continued to decline, and in July 20th cotton prices (level 328) were 21396 yuan / ton, which is 31.5% lower than this year's peak.

China cotton information network research feedback shows that the current cotton companies sell cotton stocks everywhere, and sales are active and urgent.

However, the procurement of textile enterprises is not positive, and the phenomenon of cotton unsalable is rather serious.

According to statistics, among the listed companies, Huafu color spinning ranks first in raw materials inventory of 790 million yuan, while Tong Kun stock ranks second in raw material inventory of 400 million yuan, while Jiangsu sunshine ranks third, with raw material inventory of 380 million yuan.

The relative high level of commercial inventory and the historical high of yarn stock make cotton's circulation in the industrial chain blocked, and it is hard to support the recent cotton bottoming out.

By the end of July, there were 1 million 350 thousand tons of cotton business inventories, up from 120 tons in the same period last year, much higher than 950 thousand tons and 900 thousand tons in 2008 and 2009.

In fact, the pressure on cotton business inventories began to appear in May, showing that demand is shrinking this year.

"The price of domestic 328 grade cotton fell from about 29 thousand yuan per ton in early February to about 19 thousand yuan at present, and the price of cotton per ton dropped to 10 thousand yuan. Obviously, when the price of raw materials in the listed textile companies now drops by nearly 30%, most of the listed companies in the textile industry will have a higher allowance for inventory depreciation."

Zhu Qinghua analyzed to reporters.

Statistics show that Huafu color spinning, Hong Kong stock (600400, stock bar), ST Hyun Cheng, Kaiser shares (002425, stock bar) have been prepared for more than 2 million yuan of inventory depreciation.

6 inventory goods exceeded 100 million yuan

According to the data released by the Ministry of industry and information technology, the number of garments imported from the United States increased by 6.3% in the 1-5 months of this year. The number of garments imported from China dropped by 0.8%. The number of imported cotton products from the United States dropped by 6.1% over the same period last year. The number of imported cotton products from China decreased by 13.4%. This indicates that the competitiveness of China's textile and clothing has declined in the international market, and some orders have been pferred. Many enterprises have reflected that the order has dropped by 20% over the same period this year.

Compared with the reduction of foreign orders, domestic textile enterprises are not optimistic.

After statistics, the reporter found that 6 of the listed textile companies were over 100 million.

Hua Fu color spinning (1 billion 10 million yuan), Shandong Ruyi (119 million yuan), Luen Fat shares (137 million yuan), Kaiser shares (165 million yuan), Hong Kong stock (453 million yuan), Tong Kun shares (394 million yuan).

Among them, Huafu color spinning inventory merchandise is a breakthrough of 1 billion yuan.

Statistics show that the main business of Huafu color spinning is the manufacture and import and export trade of textiles, printing and dyeing fabrics such as fibers, yarns, fabrics, etc.

From the above data, Huafu color spinning not only has nearly 800 million of the high raw material stock, but also has a stock of up to 1 billion yuan.

Compared with the high inventory of Huafu color spinning, the situation of China's garment industry should be relatively loose.

When it comes to the domestic clothing industry, Liu Xinyu, director of YOUNGOR (600177, stock bar), told our reporter: "our company is mainly domestic sales, China's demand is relatively strong, the industry's average growth is 20%, and our company's business level is higher than the average level."

"Our company's clothing inventory is mainly in season, accounting for more than 80% of the total."

Liu Xinyu said: "because we have more than 2000 online stores, of which 90% are self owned stores, so the inventory of the company is very good."

It is understood that some clothing companies because of the franchise, more stores, it is possible to encounter returns, discounts, etc., will have a negative impact on the brand, more likely to affect the company's inventory sales.