Textile And Clothing Market Changes: The Cold Is Not Cold &Nbsp; The Heat Is Not Hot.

This winter has just arrived, and the market movement has shown itself: textile. clothing High quality brand enterprises are not subject to funds, grade two. market Encountered "cold"; on the contrary, a group of mediocre second line. Textile and apparel stocks It has become the main body of the "fragrant pastry", frequently received the main funds thrown out of the olive branch.

　 Institutional shareholding exceeds 50% of textile and apparel stocks

As of November 8th, the market has rebounded 6.13% since October, and people have taken a look at the heavily loaded positions in advance. However, in the textile and garment industry, the average share of institutional shareholding is larger than that of the stock market. shares In this rally, we failed to live up to the expectations of investors.

It is observed that in this round of rebound, the main body's attitude towards textile and apparel stocks has been polarized. 6 stocks have been increasing since October, on the basis of the three quarter's holdings. However, 10 stocks continued to be sold on the basis of reduction in the three quarter. What is even more puzzling is that the main body of the sell-off has chosen the textile and apparel stocks with brand effect.

700 million yuan fund departure in the four quarter

According to great wisdom industry plate transaction data, as of November 8th, the textile and clothing index has risen 6.68% since October, while the Shanghai Composite Index has risen 6.13% over the same period, and textile and apparel stocks have also won the market again. But what is particularly noteworthy is that in this round of rebound, textile and apparel stocks encountered large selling of institutional capital.

According to the latest information of Wind, the net outflow of textile and garment sector has been 695 million 413 thousand and 100 yuan since October, which is close to 700 million yuan. There are 50 stocks, accounting for 70% of the textile and apparel stocks have a net outflow of funds. This is in sharp contrast to the three quarter of the main body of the textile and garment industry, the number of heavy holdings and the double increase in market value.

As of the end of the three quarter of 2011, including the fund, social security, insurance, brokerages, brokerages, finance, QFII and other major institutions held a total of 8 billion 646 million shares of textile and apparel stocks, the two quarter 7 billion 665 million shares increased by 981 million shares, an increase of 12.80%. Since October, the withdrawal of main funds has made the two level market of textile and apparel listed companies quite embarrassed. There are 17 textile and apparel stocks with a shareholding ratio of more than 50%, an average increase of 5.31% since October, a 0.82 percentage point loss compared with the 6.13% increase in the same period of the same period, which is equivalent to 15.44% behind the yield.

　 Famous brand companies encounter "bitter cold"

Contrast shows that textile and garment brand enterprises are most unpopular with funds, and these companies have sustained growth in performance.

　 YOUNGOR: multi brand strategic layout completed

YOUNGOR has become the most popular textile and apparel unit since October. The average market share of YOUNGOR shirts and Western-style clothes has ranked first in 16 years and 11 years respectively. The brand clothing has completed the multi brand strategic layout, and the five brands such as MAYOR, GY and so on have been published. In the three quarter, the total number of institutional shareholdings totaled 15 million 745 thousand and 200 shares, a decrease of 2 million 991 thousand and 600 shares in the two quarter, and a decrease in the proportion of institutional shareholdings from 41.76% in the two quarter to 38.59% in the three quarter. Since October, the fund has a net outflow of 133 million 315 thousand and 900 yuan, with an outflow rate of 9.01%.

From the company's fundamentals, the net profit of the first three quarters increased by 47.99% over the same period last year, and the acquisition of 14 stake in the brand clothing will increase the overall profit level in the future. In addition, the company's financial equity investment is mainly targeted at the issuance of blue chips such as banks. It is expected that the company will generate stable rolling revenue every year after the expiration of the stock market. {page_break}

　 Seven wolves: longer duration of growth

Leading domestic leisure wear industry, the total number of institutional shareholdings in the three quarter totaled 105 million 238 thousand and 100 shares, a decrease of 20 million 997 thousand and 600 shares in the two quarter, and a decline in the proportion of institutional shareholdings from 85.18% in the two quarter to 71.25% in the three quarter. The seven wolves who had suffered the main reduction in the amount of capital outflow were 70 million 714 thousand and 200 yuan since October, with an outflow rate of 2.69%. However, the stock rose 10.74%, and the agencies seemed to have signs of shipping at a high level. The company's performance was excellent, the main revenue in the first three quarters increased by 33.08% compared with the same period last year, and net profit increased by 59.82% compared to the same period last year. The order of the company increased in 2011, so it is expected that the performance of 2011 will increase by 30~50% over the same period last year. The company's non-public offering is successful, and the project will be implemented on a timely basis and give full play to its effectiveness. The sustained growth of the company's rapid growth will further extend its revenue and performance growth in 2013 and beyond, which is likely to exceed the original expectations of the market.

　　 Jiangsu sunshine: the three quarter suffered major cuts

As the world's largest worsted textile manufacturer, the number of institutional shares in Jiangsu sunshine in the three quarter totaled 106 million 781 thousand shares, a decrease of 11 million 460 thousand and 300 shares in the two quarter, and a decrease in the proportion of institutional shareholdings from 39.16% in the two quarter to 37.49% in the three quarter. Jiangsu sunshine, which suffered the main reduction, has once again recovered a net outflow of 57 million 901 thousand and 100 yuan since October, with an outflow rate of 9.51%. The stock price is obviously affected by capital, down 11.41%, leading to a decline in the whole industry.

　　 Since October, the net outflow of funds has exceeded 40 million yuan for textile and apparel stocks.

Xinye textile, Meyer, and China Textile share their own brands in their respective subdivision areas. However, the three stocks suffered a reduction of more than 40 million yuan in the rebound after encountering the three quarter institutional reduction.

　 Second line spinning into "fragrant pastry"

Among the listed companies raised by the main institutions, the second tier textile and garment enterprises are the most concentrated, and the performance of these companies is mediocre.

　　 Jiangsu broad-minded: business performance is squeezed by two ends.

Jiangsu Broadway is a car interior fabric production enterprise, the three quarter of the company holds 160 million 540 thousand shares of the stock, the ring than the two quarter reduced by 5 million 439 thousand shares. Since October, this stock has also been favored by the agencies. It suddenly raised 133 million 807 thousand yuan and the inflow rate was 2.22%. The increase of 10.63% also gives short-term institutional capital to win a good record.

From a fundamental point of view, the company's net profit in the first three quarters increased by only 1.54% compared with the same period last year. The net profit is expected to increase by 5% to 25% over the same period last year, and the operating performance will be squeezed by policy and market factors and raw material prices. The gross profit margin will decrease significantly.

　 Thailand shares: gross margin rising restrictions

The top ten tradable sole shareholders of the company, whose capacity is expanding continuously and have the advantage of cluster, are all the individual investors, holding 1 million 882 thousand and 500 shares, accounting for 8.53% of the total circulation shares (up to 12.59%). Huaan finance 1 has 889 thousand shares on the previous stage, and the ten largest circulation shareholders before the three quarter. {page_break}

According to statistics, the three quarter of the company held 201 million 555 thousand and 800 shares of the stock, a decrease of 39 million 401 thousand and 900 shares in the two quarter, but since October, the stock price has risen 13.57%, and the institution has suddenly raised 50 million 960 thousand and 800 yuan, and the inflow rate is 7.20%. Three quarterly reports reveal that the net profit attributable to shareholders of Listed Companies in the 2011 year is 0% to 20% higher than that of the same period last year. The continuous rise in the purchasing price of main raw materials and the continuous increase in labor costs have led to a slight increase in the gross profit margin of the company.

ST Xinlong: net profit fell from surplus to profit from the same period last year.

The stock also lets the main body kill a "return to the gun". In the three quarter, the company held 11 million 724 thousand and 700 shares in the stock market, which decreased by 3 million 144 thousand and 600 shares in the two quarter. But since October, the stock price has risen 24.47%, and the institution has suddenly raised 41 million 780 thousand and 300 yuan, and the inflow rate has been 10.34%. The company's three quarterly report revealed that the net profit of 2011 yuan in the year of -1600 was 2 million 958 thousand and 200 yuan (a year earlier). It can be seen that the main body not only does not look at the brand effect, but also does not care much about the fundamentals of the company.