The Prospects Of The Clothing Industry Are Promising. The Performance Growth Of The Leather Industry

since this year on spin clothing FDI continued to decline year on year, Leatherwear And shoes FDI in the industry increased year on year. Among all kinds of textiles, the highest growth rate is still yarn output, and the growth of yarn dyed fabric is slow, but as a high-end fabric with scarce supply, its prospects are still promising.

The overall situation of the consumer market has improved, and the growth rate of clothing sales of large and medium-sized enterprises is slightly slow, with medium and high prices Clothes & Accessories Sales were basically stable. The price index at the sales end has not changed much and may decline further.

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For the textile manufacturing industry, the reduction of the price difference between domestic and foreign cotton is conducive to reducing the cost of domestic cotton textile enterprises, and the international competitive pressure faced by export-oriented enterprises is reduced; The developed economies led by the United States have a good recovery situation, and the order growth has increased. The future earnings of companies that mainly export to the United States and Japan may be relatively stable. For textile manufacturing enterprises, it is optimistic to expand production and increase market share under full demand, or reduce costs and increase profit growth by industrial transfer, or concurrently operate in other industries to achieve high growth. These companies include BOC Rongye, Huasheng Shares related to medicine, Bangjie Shares related to small loan companies, etc. In contrast, the vast majority of enterprises purely engaged in textile business have fewer opportunities, and the growth rate is extremely low. After the low income growth and even loss in 2012, the business situation in the first quarter of this year is still not ideal. It is necessary to prevent the announcement of quarterly reports in the next two months from further hitting the stock price.

For the clothing and home textile industry, the home textile industry is greatly affected by the real estate policy, which is more obvious with the rise and fall of real estate stocks, but the actual growth rate of income and the growth rate of orders have not recovered; Influenced by the chairman's visiting dress, the domestic high-end customized clothing brand has attracted much attention. As a leader, Dayang Chuangshi's stock price of customized clothing soared, and the valuation of similar brands of women's clothing rose slightly, but the sustainability was poor, indicating that there was still a gap between the expected and actual growth, and it was difficult to reflect in the performance in the short term; The growth of outdoor and fashion casual wear industry slowed down, and the stock price also declined along the way, because the performance and valuation often went up and down together; In contrast, footwear and leather products companies have slight advantages. The current valuation is relatively reasonable, and the growth rate may increase in the future.

Therefore, we suggest to maintain stability and pay attention to the short-term opportunities of textile manufacturing companies with order recovery and capacity expansion, such as Bank of China Velvet, Lutai A, Huafu Color Textile, and part-time companies.