The Textile And Garment Industry Has Entered A Pition Period Of Growth Mode.

< p > China Merchants Securities (600999, stock bar) report shows that in March 2013, < a target= "_blank" href= "http://www.91se91.com/" > textile < /a > goods and a target= "_blank" href= "_blank" > clothing > export volume were 75 and 9 billion 200 million US dollars respectively, down 11.8% and 10.4% respectively compared with the same period last year, the growth rate slowed down significantly compared with last month; in 1-3 months, textile and clothing exports were 226 and 35 billion 300 million US dollars respectively, up 10.4% and 19.4% respectively, and the growth rate slowed down by 1-2 and 1-2 percentage points respectively.

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< p > the first quarter of 2013, the clothing industry was unhappy.

Target= "_blank" href= "http://www.91se91.com/" > dress < /a > (002269, stock bar) (002269.SZ) revenue growth decline; seven wolves (002029.SZ), Luo Lai home textile (002293, stock bar) (002293.SZ), good luck bird (002154.SZ) and other companies revenue growth and profit decline; original high growth Pathfinder (300005, stock bar) (300005.SZ), search special (002503, stock bar) (300005.SZ), card slave Road (002656, stock bar), etc. A

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< p > a href= "http://www.91se91.com/news/index_c.asp" > apparel inventory < /a > decreased from 2 billion 6 million yuan at the end of 2012 to 1 billion 865 million yuan at the end of the first quarter of 2013, while both revenue and profit growth declined, and the apparel revenue and net profit fell 15.7% and 47%, respectively. The company expects net profit in 2013 to decline by 1-6 over the same period last month.

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< p > in addition, the revenue growth rate of the clothing enterprises which are more serious decline is also: Dang Yang (600233, stock bar) (600233.SH), 169 million yuan, down 18.5 percentage points year-on-year; Keno Technology (600398, stock bar) (600398.SH), 333 million yuan, down 21.14 points.

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< p > since the end of the three quarter of 2012, the revenue of the seven wolves has been declining. In the three quarter of 2012, the fourth quarter and the first quarter of 2013, the company's revenues were 736 million yuan, 566 million yuan and 465 million yuan respectively, but accounts receivable fell to 270 million yuan from the end of 2012, and then hit a new high, reaching 899 million yuan by the end of 2013.

The company's revenue in the same period was only 950 million yuan, a slight increase of 0.46 percentage points.

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< p > < a href= "http://www.91se91.com/news/ >" Luo Lai home textile "< /a > in the first quarter of 2013, the income was 615 million yuan, a slight increase of 0.17 percentage points.

Inventories and accounts receivable increased by 8 million 780 thousand yuan and 3 million 630 thousand yuan respectively compared with the end of 2012.

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< p > good news birds earned 553 million yuan in the first quarter of 2013, a slight increase of 0.06% over the same period last year. However, the terminal sales sluggish brought about a large backlog of stock. At the end of the first quarter of 2013, the stock of good bird stocks was as high as 815 million yuan, and at the end of 2012, it was 784 million yuan, up 273 million yuan from the same period last year.

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< p > Changjiang Securities (000783, stock bar) analyst Lei Yu said that the terminal retail in the first quarter of 2013 did not improve significantly compared with the fourth quarter of 2012. The two quarter may continue to maintain a downturn. "And the delivery of the company's main brand is decreasing, and there is no obvious improvement in the company's performance in the short term."

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< p > because of its promising sub sectors, outdoor a href= "http://www.91se91.com" > sports brand "/a" business Pathfinder has been advancing all the way since the end of 2009, and its revenues and profits have seen rapid growth.

However, due to factors such as the economic downturn in 2012, Pathfinder's revenue in the first quarter of 2013 was 274 million yuan, up 36.5% from the same period last year, and 73% and 71% respectively in the same period in 2011 and 2012.

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< p > at the end of the first quarter of 2013, the inventor inventory rose from 254 million yuan at the end of 2012 to 254 million yuan, and the turnover rate changed from 3.18 to 0.65 times.

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< p > search for "popular fashion" brand positioning relying on the "frontline front-line" brand clothing, focusing on three or four domestic markets, and 16-29 year old young people, which has been growing rapidly since the end of 2010.

In 2012, the company's revenue increased 46.6% to 1 billion 612 million yuan, compared with 74% in 2011.

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From P to the end of the first quarter of 2013, special revenue was 424 million yuan, an increase of 33% over the same period, and inventories rose to a record high of 463 million yuan, compared with 144 million yuan, 348 million yuan and 389 million yuan at the end of 2010-12.

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< p > card NDI road in the first quarter of 2013 to achieve revenue of 220 million yuan, an increase of 31.02% over the same period, representing a 5.46 percentage point decrease over the 36.48% growth rate in 2012, but the company's inventory balance increased by 9.48% compared with the beginning of the year. At the end of the first quarter of 2013, the company accounts receivable increased by 43.50% over the same period last year, higher than the year-on-year growth rate of revenue, and the net operating cash flow was negative again.

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< p > < < a href= > http://www.91se91.com > > brand apparel industry > /a > in recent years has gradually entered the pformation period of the growth mode. In the past two years, the demand of domestic economic problems has been sluggish, exceeding the expectation of the market, and the industry pformation and overlaying demand is weak, making the adjustment of the industry particularly tragic.

Wang Wei, an apparel retailing analyst at China Merchants Securities, believes that the industry is still in a period of adjustment due to the fact that some quarterly companies are below expectations and that orders will continue to slow down in autumn and winter.

"Whether the growth rate of the brand industry in the second half of this year will be restored will still need to be closely watched if there is any sign of recovery in May and June and beyond."

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