The Inventory Of Clothing Industry Has Been Seriously Exaggerated: Nearly 24 Billion Of YOUNGOR'S Clothing Is Only 1 Billion 700 Million.

Recently, some media exposed that only 22 A shares.

The total inventory of Listed Companies in the third quarter reached an astonishing 38 billion 200 million yuan.

Before the figure burst, the total backlog of 48 billion 300 million yuan in the first half of 42 garment enterprises has been shocking.

Therefore, there are media laments, "Stock clothing" people can not wear three years!

Is it true that the high inventory situation in the clothing industry has really developed to such a bad level?

China Capital Securities Network in the Shenyin World Trade Classification clothing

The industry's 36 A share listed companies as the criterion, calculated the total inventory in the third quarter was nearly 45 billion yuan.

Due to the top five YOUNGOR, Hong Kong stock, inter China group and United States

As well as Semir clothing, the total inventory in the three quarter amounted to 35 billion yuan.

Therefore, China's capital securities network specifically aimed at the inventory situation of these five companies, and made some understanding from the survey results. These shocking figures are not too strict or exaggerated.

YOUNGOR: nearly 24 billion of clothing in stock is only 1 billion 700 million.

Clothing listed companies ranked first in the third quarter of inventory, YOUNGOR reached an alarming nearly 24 billion, accounting for 22 of the total inventory of 38 billion 200 million of the total.

But the actual situation is, the vast majority of YOUNGOR's inventory is real estate, YOUNGOR director Liu Xinyu told China's capital securities network that only 1 billion 700 million of the clothing in stock.

Liu Xinyu said that 92% of YOUNGOR's clothing is self owned through the form of exclusive stores, which can not be sold into the hands of consumers, so the stock amount is normal. After all, YOUNGOR has more than 2600 stores and needs a certain amount of stock.

Liu Xinyu said that the growth rate of the clothing industry is slowing down, from 20% in the previous years to more than 10%, but it is not so far exaggerated. At least, YOUNGOR's current development has not been greatly affected, and the number of stores has increased by 220 in the first three quarters of this year.

YOUNGOR has not yet launched online business. When asked whether the company's performance has been affected by the online business, Liu Xinyu said that the feeling was not obvious, in the first half year.

Business revenue has increased by nearly 15%.

But at the same time, she said that the company is also exploring and planning to launch online business, which may supplement the offline business in the future, but there is no specific plan yet.

The second red bean shares, like YOUNGOR, are also involved in the real estate industry, so a considerable part of the 3 billion 978 million yuan stock is also a real estate development cost, so the total inventory figures in the garment industry may be lower.

In the third place, the China Group has a stock of up to 3 billion 481 million, but Deng Chunrong, its chief accountant, said in a media interview that "in inventory, the inventory of goods and the distribution of munitions in the goods are relatively large, which is related to the operation mode of our company.

First, most of the munitions money has been collected in advance, and there is basically no settlement risk.

Semir: there is a certain stock but controllable range.

In the fourth quarter and the fifth place, the apparel and Semir costumes at the end of the three quarter were 2 billion 199 million and 1 billion 439 million respectively.

Zong Huichun, Semir's clothing certificate, has repeatedly said that the industry inventory problem, which is now widely recognized, does exist, but it is not so serious. It should not be exaggerated arbitrarily. The company does have a certain inventory, but it is in a normal and controllable scope. It can not constitute any industry crisis, nor can it be said that it will not be finished in three years.

Zong Huichun explained that 1 billion 400 million of the inventory includes goods waiting for storage, goods on the shelves, and goods in pit. The media or investors may be more concerned about the products belonging to the over season products in the inventory, or those which are not sold, encountered difficulties and need to be discounted and promoted. However, the proportion of the over season products in Semir's stock is not high, and 1 billion 400 million does not reflect the real stock status.

Zong Huichun said that in the company's view, the inventory figures are very normal, the company is also relatively relaxed.

At the same time, Zong Huichun said that they do have inventory clearance, and are actively digesting inventory through online promotional activities, such as "double eleven". At the same time, Semir also has some discount stores and some normal promotional activities.

But Zong Huichun stressed that these are normal operations in the operation process, not because of the high inventory today.

As for online impact and closing shop boom, Zong Huichun said Semir's products sold on line and offline are different. Online mainly depends on digestion of inventory, almost all products sold in season. However, from the view of stores, whether business area or shop number is showing growth trend, but the speed and scope of growth are decreasing.