Textile And Apparel Industry Ranked Higher Than The Quality Of Brand Risk Control.

In the past week, the 23 most concerned industries were textiles, < a href= "http://www.91se91.com/news/index_c.asp" > dress industry < /a >, which increased by 11 compared with last week, ranking the first in the list of institutional concerns.

< /p >

< p > this year, the textile and garment industry has gained a higher ranking than the latter. It has lost slightly more than 300 of the Shanghai and Shenzhen stock market. Most of the brands dropped, and the general decline was larger (only 100 circles and Semir Rose).

In the first half of July, the industry slightly outperformed the Shanghai and Shenzhen 300, and the majority of the brands Rose (the mid term blue chip companies took the lead), and so did manufacturing (but Lu Taihe's Huafu rose slightly later); H-share brand differentiation was obvious; Changxin, Anta and Liu Fu LED, Daphne led the decline, manufacturing class was also divided, Tianhong led, and nine led to decline.

< /p >

< p > Wang Wei, an analyst with China Merchants Securities, said that with the increase of risks in the early stage, the textile and garment industry has also undergone a substantial adjustment.

Although retail sales are not yet expected to resume in the second half of the year, the next order will be expected to be a low concussion. Unlike the first 2 orders, there will be a sharp slowdown or decline.

Our preference is for enterprises with strong channel control, good retailing ability, better management foundation, relatively controllable risk and active deployment of e-commerce strategy, such as 14.88,0.00,0.00%, 10.160,0.00,0.00% and so on.

The leading enterprises in the cotton industry rose earlier. Although the absolute earnings space was not as good as before, the performance was still improving and the relative risk was not great. It is still recommended to release the relative opportunities of Lu Tai, Bailong and Huafu along with the Q2 and Q3 results.

< /p >

< p > because the domestic retail market has not yet seen obvious signs of recovery and is affected by the weather, the overall retail sales in the two quarter are not as good as the first quarter. Therefore, it is expected that the Brand Company performance will be in line with or slightly lower than expected.

The leading enterprises in the manufacturing sector are in the process of continuous improvement, and in the two quarter, the cost of raw materials has decreased year by year, and the price to product ratio has improved slightly. It is predicted that the improvement trend of manufacturing leading enterprises in the two quarter will be further strengthened.

< /p >

< p > 2013 < a href= "http://www.91se91.com/news/index_s.asp" > textile and garment industry < /a > the profit growth expectation of key companies: < /p >

< p > more than 100% of the company: Hua Fu color spinning (4.85,0.00,0.00%).

The price of orders has continued to improve slightly in the two quarter of this year. There is still a small digit increase in the central quarter, with the recovery of absolute price and the contribution of upgrading the product structure.

In terms of cost, since the average purchasing price of < a href= "http://www.91se91.com/news/index_cj.asp" > cotton < /a > this year is slightly lower than the stock cost, and the import cotton has increased, the cost side ratio of the two quarter is still down.

Driven by a slight improvement in the price side ratio and a slight decrease in the cost end to end ratio, the gross profit margin of the two quarter of the company continued to improve, and the base was relatively low for the same period last year (the consolidated gross margin was only 9.5%). The gross profit margin in the two quarter was improved significantly, and the profit growth in the middle of the report was expected to increase by about 120%.

< /p >

< p > 40-60%: A and 8.82,0.00,0.00%.

Pathfinder: in the 13 spring and summer ordering, some of the products will be sold at a higher price, but the supply discount for the franchisee has been reduced. Therefore, the ex factory price has not changed much. However, with the upgrading of the supply chain management level and the embodiment of scale efficiency, the cost has been reasonably controlled and the stability of gross margin has been guaranteed.

At the same time, cost control is effectively controlled under scale effect.

Two factors superimposed together to drive profits to maintain rapid and stable growth. The main business profit growth is expected to be between 30-40%. Under the effect of preferential tax rate, the overall profit growth of the newspaper is expected to reach 63%.

Rutai A: in the two quarter, the price of the company's products continued to improve. In the case of a year-on-year decline in the cost, the improvement of the two quarter profits was strengthened. Meanwhile, under the action of low base numbers, the profit growth rate of the newspaper is expected to reach about 45%.

< /p >