Domestic Garment Enterprises Downturn Has Not Fundamentally Changed, Will Continue In The First Quarter Of Next Year

Listed in late October

The three quarterly report of enterprises will be unveiled, but half of the companies listed on the 50 A share listed textile and apparel companies that have disclosed the three quarter earnings report will report bad news.

Li Yong, Secretary General of Chongqing textile and garment industry association, said yesterday that the local garment enterprises will be reduced by 3 percent this year.

According to the 2012 China Daily disclosure, 87 garment and textile enterprises

The volume has reached 73 billion 200 million yuan, which was 69 billion 900 million yuan in 2011 and 50 billion 100 million yuan in 2010.

Although sales of clothing companies in the above scale showed signs of improvement in September, the signs of overall market weakness did not improve significantly in the third quarter.

According to WIND information statistics, according to the Shenyin and Wanguo industry classification standard, as of October 18th, 50 A share listed textile and garment companies disclosed the three quarter performance notice, 25 companies reported bad news, among which Vic essence, Shenzhen textile A, Changshan shares, San Mao Pai Shen, Jin Ying shares and Jiangsu sunshine 6 companies were the first to lose.

Founder Zhang Baoping, an analyst at Fangzheng securities, said in an interview with reporters that the international market continued to be sluggish and domestic cost advantages weakened. Textile and garment enterprises faced severe internal and external challenges this year.

In the second half of this year, the overall growth of the textile and garment industry will decline sharply compared with the previous year. This is not only a risk for small and medium enterprises to be eliminated, but also a huge pressure for development of listed companies.

Zhang Baoping said that the current situation of weak external demand and domestic manufacturing downturn has not yet been fundamentally changed. Therefore, the textile and garment industry in the fourth quarter of this year will not be substantially improved in the first quarter of next year.

Affected by the big environment, local clothing sales have also been affected.

"Compared with last year, output will be reduced by about 30%."

In an interview with reporters, Li Yong, Secretary General of the textile and garment industry association, said that under the influence of the big environment, the entire garment industry was also affected. Besides the increase in inventory, clothing enterprises were also faced with the dilemma of increasing costs and reducing production.

Cheng Qifei, vice-president of Chongqing clothing association and boss of the company, said in an interview with reporters that during the National Day this year, the sales of Chongqing style clothing decreased by 20~30%.

The clothing market is relatively cold this year. The output of autumn and winter clothing has declined slightly compared to last year.