Expert Analysis: The Home Textile Industry Is Expected To Return To The Performance Growth Period

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According to the First Half of 2012 Textile industry According to the report of Operation Situation Analysis, the global import of textiles and clothing of the United States in 2011 increased by 8.6% compared with the previous year, while only 3.4% from January to April this year. The demand of the EU dropped significantly. From January to May, China's exports to the EU fell by 11.2%. The domestic market is affected by high prices, lack of market confidence and other factors, and also shows a slowdown trend. At the same time, the price difference between domestic and foreign cotton is still increasing. As of July 5, the price difference has been about 4500 yuan/ton, which has seriously weakened the international competitiveness of China's textile industry. At present, the loss of cotton textile enterprises tracked by the China Cotton Textile Association has reached 40%, and the production reduction and shutdown of spinning enterprises with less than 30000 spindles have reached nearly 50%.

The performance of textile enterprises has also been seriously affected by the rising cost achievement Of the 51 textile listed companies predicted, 22 were expected to lose or decrease, accounting for nearly 40%. Among them, Changshan shares experienced the biggest decline in performance, down 318.18%. When explaining the reasons for the loss, Changshan said that due to the combined effects of weak international demand, sluggish domestic demand, increased international and domestic cotton price differences, increased factor costs and other adverse factors, the cost of textile products increased while the selling price decreased significantly year on year, and the profitability declined, leading to losses in the company's main business. However, not all companies are experiencing a decline in performance. From the perspective of the fine molecule industry, the stable growth of performance in the textile and clothing sector is still in the men's and women's clothing sectors, while the serious decline is mainly concentrated in the textile manufacturing sector.

However, according to the analysis and judgment of insiders, with the gradual digestion of terminal inventory, Home textiles The industry began to improve in the second quarter on a month on month basis. It is expected that the operating performance of the home textile industry and related companies in 2012 will be improved quarter by quarter, and the second half of the year is expected to be significantly better than the first half of the year. It is expected that the medium and long term prospects of the home textile industry are still promising. After short-term adjustment, leading enterprises represented by listed companies are expected to recover to a growth rate of more than 30% from 2013, which is a high probability event. Can focus on leading enterprises and enterprises with technical barriers, as well as Fuanna, Baoxiniao, Aokang International and other stocks benefiting from high performance growth.

Experts attach great importance to this, and suggest that enterprises should seize this period, use it to reverse the situation, stabilize the Chinese clothing market, and even explore new platforms when the Chinese clothing industry has declined!