Brand Clothing Home Textiles Interim Results "Leading" Textile And Garment Sector

According to Wind statistics, as of August 23rd, 51 listed companies in Shenyang Wanguo textile and garment industry announced the semi annual report in 2011, excluding the 5 companies' net profit losses and 7 companies' net profit slide, most of the remaining companies maintained a favorable growth year-on-year earnings.

By product price increase, consumption environment is better.

Brand clothing home textiles "leading"

According to Wind statistics, as of August 23rd, 51 listed companies in Shenyang Wanguo textile and garment industry announced the semi annual report in 2011, excluding the 5 companies' net profit losses and 7 companies' net profit slide, most of the remaining companies maintained a favorable growth year-on-year earnings.

The 51 companies achieved a total revenue of 56 billion 450 million yuan, an increase of 27% over the same period last year, and realized a net profit of 4 billion 473 million yuan attributable to shareholders of listed companies, an increase of 54% over the same period last year.

In the first half of this year, under the background of continuous improvement in the export and domestic demand market, the overall operation environment of the textile and garment industry has been improving. Brand enterprises have actively expanded the market to promote sales growth, and the increase in product prices has also improved profitability.

Of the 51 companies that have published semi annual reports, 7 companies have increased their net profit by 1 times over the same period.

Among them, the United States apparel (002269) net profit in the first half of 376 million yuan, a significant increase of 833.06% over the same period last year.

The growth of the company's performance is due to the enhancement of product competitiveness. The terminal retail management capability of direct and franchisees has been continuously improved, and the number of terminal stores has increased steadily. Meanwhile, the gross profit margin of the main business of the company has reached 47%, representing a 4 percentage point increase over the same period last year.

Another brand clothing enterprise seven wolves (002029) also because the terminal sales good, net profit achieved 41.29% increase.

At the same time, because of the increase in product prices, the profitability of Huamao shares (000850) was 357 million yuan in the first half of the year, an increase of 469.32% over the same period last year. In the first half of the year, the Bank of China (000982) realized a net profit of 68 million 598 thousand and 700 yuan, an increase of 109.58% over the same period last year, and the growth was mainly due to the sales growth of cashmere yarn and products.

It is noteworthy that, from the semi annual report, we can see that in addition to the good performance of the brand clothing companies in the first half of the year, home textile companies also have made outstanding achievements, and the future definite growth is also promising for the industry.

Three major home textile companies, fuanna (002327), Luo Lai home textiles (002293), Meng Jie home textiles (002042) medium term net

Growth continues to conceal worries

Wind data also showed that there were 29 textile and apparel listed companies on the previous three quarters of the performance of the notice, only 4 companies pre concern, the other 25 companies were predisposed to the performance, of which three companies increased by 100%.

Pathfinder (300005) said that in view of the company's main business development is good, the market scale continues to expand, and in the autumn and winter of 2011, the product futures booking is in good condition. It is estimated that the net profit attributable to shareholders of Listed Companies in 50%-100% will grow by 50%-100% over the same period last year.

Similarly, as the order is good, it is expected that the first three quarters will continue to grow, including seven wolves, search special, Kaiser shares and so on.

The industry said that many textile and garment enterprises are producing according to orders. Some brands' autumn and winter orders will grow well. The year-on-year growth rate is basically over 30%, basically locking the performance of the year. The industry therefore expects that the average profit growth rate of textile and garment industry will exceed 40% this year.

However, while the growth of textile and garment enterprises is likely to continue in the future, the industry also has some problems that can not be ignored, such as rising costs, multiple pressures on exports, some small and medium-sized enterprises operating difficulties, and unstable domestic consumption environment.

Jin Feida (002239) expects net profit in the 1-9 months to decline by 20%-40% over the same period last year. The reason for the decline is the rise in costs and the appreciation of the renminbi.

Huafang textile (600273) also said that factors such as Japan earthquake, North Africa's turbulence, slow recovery of developed economies, increased interest rates and reserve requirements, appreciation of the renminbi, massive fluctuations in raw material prices such as cotton, and rising costs of labor and energy and other unfavorable factors will continue to cause the decline in gross profit and increase in financial financing costs. The company expects to continue to lose money in the first three quarters.

In addition, many textile and garment enterprises are facing certain pressure of inventory because of the rising price restraining terminal consumption demand. The industry pointed out that if the contradiction between raising prices and restraining consumption can not be resolved, the development dilemma of the textile and garment industry will be more and more apparent.

Data show that in July of this year, the volume of retail sales of all kinds of garments reached 100% in the major retail enterprises nationwide, an increase of 4.62% over the same period last year, a decrease of 2.9 percentage points compared with the same period last year, and a 6.71% increase in total retail sales in 1-7 months, which is significantly lower than the 12.87% growth rate in the same period last year.