The Third Quarter Of Textile And Garment Industry

This year,

The industry is facing severe internal and external challenges, and the slowdown in external demand and the weakening of cost advantages have led to a sustained slowdown in export growth.

However, with the slow growth of retail sales, textile companies' performance in the three quarter is expected to be better than the first half of the year, but the industry as a whole is still in a difficult position, and losses and losses will continue to expand.

China Merchants Securities analysts pointed out that the third quarter of the domestic market, although many interference factors, but in the summer large-scale discount promotions and September

Driven by sales, it is estimated that the total performance of Listed Companies in textile and apparel industry is slightly better than that in the first half.

The three quarterly report of China Merchants Securities monitoring key companies also basically gained the growth trend similar to that of the first half of the year.

Promoting retail sales volume recovery

Analysts pointed out that this year,

Price increases and inflation have slowed down significantly, and clothing terminal retail prices have also slowed down, and sales of discount promotions have increased.

According to the statistics of China Merchants Securities, the number of retail sales of 1-6 major retail enterprises increased by 1% over the same period last month, the growth rate was 3.9 percentage points higher than that in 1-3 months, 1.2% in 1-7 months, 0.2 percentage points higher than that in 1-6 months, 1.8% in 1-8 months, and an increase of 1.8% percentage points over the 1-7 months.

In spite of the extreme weather and sluggish demand, the three quarter retail terminal performance is still weak, but in the summer of large-scale discount sales activities and September autumn sales promotion, some companies basically continued the growth trend.

Because of more interference factors in the three quarter, the monthly growth rate of clothing has fluctuated greatly.

Outdoor clothing leading enterprises

It is expected to achieve 50% growth in the third quarter.

China Merchants Securities analysis report pointed out that the two quarter of the company's operating bias is a temporary result of the alternation of the old and new systems, and the sales of the company's summer wear has basically been completed in the three quarter of September, and the turnover rate of spring and summer sales increased to 70%, higher than the average level of 65% in previous years.

In addition, the company's autumn sales in September also provided a good support for maintaining high growth in the three quarter.

It will also achieve nearly 50% growth in the three quarter.

Analysts pointed out that, due to the overall economic impact of the three or four tier cities is relatively small, and in the new store and large seasonal promotions, the company's spring and summer wear is basically sold out, it is estimated that quarterly earnings will be three or 48% growth.

Exports remain sluggish

In the context of the continuous downturn in international market demand and the gradual weakening of domestic cost advantages, the export situation of the industry has been deteriorating since the three quarter, and the total growth rate of textile and clothing exports has slowed down compared with the first half of the year.

According to the latest statistics of the General Administration of customs, China's textile and apparel exports totaled 162 billion US dollars in 1-8 months in 2012, down 0.7% from the same period last year, and the growth rate was 2.3 percentage points lower than that in 1-6 months.

However, from the data of total retail sales of consumer goods, data in 1-8 months are slightly better than those in the first half of the year. The above quota enterprises are 1-8 months' clothing.

The cumulative retail sales of hat pin textiles increased by 17.5% over the same period last year, up 0.6 percentage points from 1-6 months ago.

Sun Huaibin, a spokesman for the Federation of textile industry, said that the pressure factors affecting the development of the textile industry still exist.

He further pointed out that "labor costs and capital costs increase year by year, energy prices continue to rise, and the pressure of small and medium enterprises in textile industry is also increasing."

It is reported that the overall efficiency of the textile industry has declined in the first half of this year compared with the same period last year due to the concentration of external unfavorable factors and the pressure of enterprise development.

The total profit of textile enterprises above designated size decreased by 1.9% compared with the same period last year, and the loss of enterprises reached 18.4%, and the deficit of loss making enterprises increased by 124.1% over the same period last year.

Analysts say that textile enterprises will continue to be in a difficult position in the second half of this year. The overall efficiency of the industry will decline sharply compared with that of last year. The losses and losses will be widened. More small, medium and micro enterprises will face the risk of being eliminated.