Yu Garment Industry Downturn In Development This Year Output Or Down 30%

Listed in late October

Three quarterly reports will be unveiled, but half of the companies listed on the 50 A share listed textile and apparel companies that have disclosed three quarter earnings forecasts will report bad results.

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

It 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 there is no fundamental change in the current weak external demand and the domestic manufacturing downturn. Therefore, the textile industry will be in the first quarter of this year to the first quarter of next year.

There is still no substantial improvement.

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

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

Li Yong, Secretary General of Chongqing textile and garment trade association, said in an interview with reporters that under the influence of the big environment, the entire clothing industry was also affected. In addition to the increase in inventory, clothing enterprises were also faced with the difficulties 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.