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    The Loss Of The Textile And Garment Industry Will Continue To Expand.

    2012/10/12 8:36:00 26

    Textile And GarmentDeficitExpansion

    This year,

    Spin

    clothing

    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 (600999, stock bar) analysts pointed out that although the domestic market in the third quarter has many disturbing factors, but in the summer of large-scale discount sales activities and the September autumn sales promotion, it is estimated that the textile and garment industry listed companies accumulated slightly better than the first half of the year.

    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 since the beginning of this year, prices of raw materials and inflation have slowed down significantly, and clothing terminal retail prices have also slowed down, and sales of discount promotions have increased.


    Attract investment

    Negotiable securities

    Statistics show that the number of clothing retail sales of 100 key 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, the growth rate was 0.2 percentage points higher than that in 1-6 months, 1.8% in 1-8 months, and the growth rate was 1-6 percentage points higher than that in 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.


    The Pathfinder (300005, stock bar) (300005) of outdoor clothing leading enterprises 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.


    Search for (002503, stock bar) (002503) in the three quarter will also achieve nearly 50% performance growth.

    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.

    shoes

    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 the second half of the year

    Spin

    Enterprises will still be in a difficult position. The overall efficiency of the industry will decline sharply compared with that of last year. The deficit and loss will expand. More medium, small and micro enterprises will face the risk of being eliminated.

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