Recent Situation Of Textile Faucet And Bedding

The performance of the sector is in line with expectations, and the market performance is expected. In the first half of the year, the income of textile, general clothing, brand clothing and bedding subsidiary industry increased by 22.61%, 16.07%, 39.16% and 48.06%, respectively. The net profit increased 49.11%, 7.76%, 78.87% and 89.45% respectively. In line with our expectations at the beginning of the year.

In the two tier market performance, from the beginning of the year to date, Spin The yield of general clothing, brand clothing and bedding sub plates is 6.01%, -10.93%, -1.30% and 27.62% respectively. In the case of a decline in overall market returns, the two sectors we recommend for textile and bedding are 6.01% and 27.62% respectively.

Industrial chain advantage and "potato effect" will ensure export volume in the second half of the year. In terms of textiles, as China's textile industry has a complete industrial chain, the production capacity of medium and high grade garments and textile fabrics is strong. Over the years, brand clothing companies from Europe and America have imported fabrics from China, and then processed into garments. In terms of clothing, because domestic exports are still in the middle and low level in Europe and the United States and other countries, price is the biggest advantage of China's clothing exports. Although the price increases, foreign distributors still have big profits. Cheap and fine Chinese clothing is still the favorite of European and American residents. Even during the financial crisis, the main products of domestic textile and clothing still maintained a large volume of exports, and the volume did not decrease. Therefore, we think that the volume of domestic export orders will not shrink much in the future.

　 The "three shortage" of the industry will polarize the industry. Order The concentration of large enterprises makes the leading enterprises have more voice.

At present, there are "three wastes" in the textile and garment industry, namely, shortage of migrant workers, shortage of funds, and shortage of electricity. Most small and medium-sized enterprises with profit margins below 1% are in a predicament. Contrary Large enterprises In particular, the leading enterprises in the fine molecular industry have the advantages of technology and brand, and have strong new product development. The advantageous resources will accelerate to the large enterprises, the order will be concentrated on the large enterprises, and the market discourse power of the big enterprises will increase. As far as the current situation is concerned, large textile export enterprises generally reflect good orders and some have expanded production. In addition, SMEs do not dare to take orders, large enterprises have larger order options, and order quality is valued by these enterprises.

In the domestic market, "brand bedding" is growing faster than "brand clothing". The domestic textile consumption market is in the upgrading of consumption. Besides the growth of consumption, bedding consumption is also a driving force for the transformation of consumer attitudes. The driving force of the transformation of consumption concept will make the "brand bedding" maintain a relatively fast growth rate in the next few years. The driving force of the growth of domestic bedding products in the next few years is mainly as follows: the growth of middle and high income groups leads to the upgrading of consumption, the coordinated development of regional economy, the improvement of residents' housing conditions and the consumption of wedding.

Continue to focus on yarn, grey fabric, fabric leading enterprises and bedding companies. We believe that although the overall export growth of the textile and garment industry will slow down in the second half of the year, this is not an order problem. Rather, most of the small businesses are forced to reduce the quantity of orders from the cost of raw materials. This will lead to the concentration of orders to large export enterprises, and the leading enterprises in various sub sectors will have more opportunities to choose orders. In 2011, leading enterprises in various sub sectors will have more opportunities for profit growth.