Concerned About The Defensive And High Growth Management Ability Of Textile And Clothing

　 Consumption growth is decreasing, and profits are increasingly concentrated on channels.

　　 China Textile Industry The export volume of primary products is decreasing obviously, and the export amount is also decreasing at the same time. The export volume of clothing is still expanding.

In March 2012, the total retail sales of social consumer goods amounted to 15650 billion yuan, up 15.20% from the same period last year, and the growth rate was lower than that in the past two years. Because of the soft landing of the national economy, the consumption situation also has a trend of slower growth. Counter cyclical policy is being implemented, and the possibility of consumption decline is not large.

In terms of production, the PPI of the textile industry in March was -4.77, which continued to decline. Textile and clothing Shoes and hats PPI is 3.16, keeping stable. In terms of sales, the growth rate of the textile terminal retail price index has also declined rapidly. Clothing and shoes The terminal retail price index is still high. In March, the RPI index of textiles was 2.70, the rate of decline was not as fast as the factory price index. The growth rate of clothing shoes and hats RPI index decreased slightly, to 3.50. The factory price index is stabilizing and will gradually decline. In terms of consumption, clothing and clothing CPI was 4 in March, still at the highest level, which is in line with the intuitive perception of consumers. The rapid rise in clothing prices has led to a slowdown in consumption.

　　 Market trend

In April, the Shanghai Composite Index rose 5.90%, the Shanghai and Shenzhen 300 index rose 6.98%, the Shen Wan textile and garment industry rose 5.44%, the Shen Wan textile manufacturing industry index rose 7.42%, and the Shen Wan clothing textile industry index rose 3.90%. The overall trend of the industry is basically the same as that of the market. The number of companies ranking the top in the industry is mainly for the main industry or the sideline industry is increasing faster than the textile and garment industry, such as the red bean joint stock real estate, the Zhejiang run run steel, the black Peony business building and so on. Brand clothing companies entered stagflation or fall, especially in the annual reports and quarterly reports slower than expected home textile companies.