Compared With Textile Clothing, Brand Clothing Net Profit Increased By 50% In Advance

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According to the news from the textile and clothing industry, 54 listed textile and clothing companies in China recently issued a mid report warning that the textile industry could not change the embarrassing situation in the short term due to the impact of cotton prices Brand clothing In particular, the growth rate of men's clothing is still stable, and the maximum increase of net profit estimated by some enterprises such as Seven Wolves can reach 50%.

According to the data, among the 54 companies that announced the early warning of the mid report a few days ago, 23 companies increased slightly, 6 companies decreased slightly, 4 companies decreased in advance, 6 companies lost first, 9 companies continued to lose and 1 company made up losses.

For the loss of the textile industry, industry insiders believe that Cotton price It is caused by low outside and high inside. It is understood that since May, the domestic textile raw material market has continued to decline, and the decline has increased compared with that in April. At the same time, due to the increased price advantage of imported cotton, the number of purchased cotton has increased significantly. "All cotton textile enterprises that use cotton as raw material are in a loss state, while those that use cotton and chemical fiber at the same time are between a small loss and a small profit. New fiber enterprises that do not use cotton and all use chemical fiber are profitable, but their profitability is significantly lower than in previous years." Industry insiders said.

Compared with the textile industry achievement The decline, the performance growth trend of brand clothing listed companies is gratifying. The performance of five companies, including Baoxiniao, Kanudi Road, HTC High Tech, BOC Rongye and Taiya Co., Ltd., has reached a pre increase. Experts pointed out that since the first half of the year, the downturn in foreign demand and the decline in orders have led to shrinking exports of textile manufacturing enterprises. It is expected that it will take some time for the fundamentals of the textile industry to improve and the effects of policy adjustment to emerge.

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