Analysis On The Situation Of Listed Companies In Textile And Garment Industry In 2012

Spin clothing The semi annual report of industry listed companies in 2012 has been disclosed. We divided the 12 listed companies with the industry focus in the industry into 5 sub sectors: home textiles, men's wear, casual wear, women's clothing and outdoor.

In the first half of the general situation of the industry, the growth rate of each sub sector's revenue has been affected to varying degrees by the slowdown of the economy and the weakening of the consumer market. Among them, the outdoor industry and the high-end brand clothing industry still maintained a relatively fast growth rate; the market demand of the home textile industry was restrained, and the revenue growth rate dropped more; the competition in the middle end brand clothing industry intensified, and the gross margin growth space was limited, and now the spanition from the epitaxial growth to the endogenous growth of fine management has gradually shifted; the casual clothing industry has been attacked by the international fast fashion brand upwards, and is under the impact of the electricity supplier, and now it is in the inventory stage, and the growth rate has obviously declined.

Sub industry analysis outdoor industry: the impact of adverse weather and first quarter shipment in advance, the two quarter revenue growth slowed. At the same time, the gross profit margin and net interest rate of the company both declined year-on-year, while the period cost rate increased.

Men's clothing industry: the two quarter revenue growth has remained basically stable. The listed companies have strong pressure resistance, gross profit margin and net interest rate as a whole, while the period cost rate is overall downward. In the medium to long term, it is affected by the increasing number of Chinese business activities. Men's wear Listed companies are more robust in revenue growth and are defensive in investment targets.

Home textile industry: overall revenue growth slowed down in the two quarter. In different regions, the advantages of Listed Companies in their respective advantages are obvious. There are still many blank areas to be developed. At present, the home textile industry is still in the stage of horse race enclosure, with the extension of the extension type as the main factor and the endogenous growth as the supplement. In the next few years, the strategy of "circle people enclosure" is still continuing.

Women's clothing industry: in the two quarter, revenue growth slowed down, but extension continued. Gross profit margin and net interest rate rose year-on-year, with a 8.17 percentage point increase in the rate of fees and a slowdown in inventory and receivables turnover.

Leisure time Clothes & Accessories Industry: after experiencing a relatively rapid growth in the early stage, the leisure wear industry is in the channel to inventory stage, and the gross margin will remain at a certain level in the short run, or a slight decrease. Facing the impact of foreign brand channel sinking, domestic casual wear should strengthen meticulous management and intensify efforts in brand publicity, shop display and sales personnel training.