Future Recovery Of Casual Clothing Is Expected To Rebound More Vigorously.

< p > < a target= "_blank" href= "http://www.91se91.com/" > clothing < /a > plate hit bottom rebound in the middle of 2013.

The trend of garment industry showed a narrow fluctuation within 30% in 2013.

The annual high point in February, followed by poor performance followed the market slide together, and bottomed out in July.

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< p > leisure > a target= "_blank" href= "http://www.91se91.com/" > dress < /a > companies are expected to have a relatively strong rebound in the future because of their relatively strong rebound, but their decline in the first half of the year is also greater.

At present, the price of Shanghai and Shenzhen 300 (2429.68, -9.270, -0.38%), clothing plate and casual wear plate is the same as that of the same period last year, 1 times, 0.92 times and 1.05 times of last year respectively.

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< p > the prosperity of garment industry has dropped at a high level and has entered a low ebb.

In recent years, the clothing industry has been affected by macro-economy. The overall running track is as follows: the volume and price rise all the way before 2010; the price rise in 2011 dropped, the peak of the industry appeared; in 2012, the volume and price were both under pressure, and the growth momentum of clothing consumption was confronted with bottlenecks.

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< p > in the first three quarters of 2013, the total number of Listed Companies in the brand clothing industry achieved a total operating income of 75 billion 500 million yuan billion yuan, an increase of 6.82% over the same period last year. The net profit attributable to shareholders of listed companies was 5 billion 940 million yuan, up by -6.34% over the same period last year.

Among them, the growth of income and net profit increased by 16.6% and 26.8% for the brand women's plate (26.85, -1.570, -5.52%); the leisure clothing and a target= "_blank" href= "http://www.91se91.com/" > /a > and the leather plate listed companies had a larger performance differentiation, the industry overall income declined but the net profit declined by 18.9% and 30.6%; the income and profit of the men's load plate after deducting the YOUNGOR (8.03,0.150,1.90%) property showed a rapid decline in income and profit, showing that the adjustment of the plate was still not finished.

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< p > the profit margin of casual wear industry is coming to an end. It is expected that the growth of business performance in 2014 will be further recovered.

On the whole, the low point of casual wear has appeared in 2012. It began to show a weak recovery in 2013. Accounts receivable turnover and inventory turnover have begun to increase in the quarter.

American Apparel (13.09, -0.580, -4.24%) experience "O2O" mode, remodeling direct battalion and join in order to improve efficiency.

Semir apparel (28.50, -1.050, -3.55%) has achieved a resumption of growth through multi brand and multi-channel business layout.

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< p > for the first time to give the industry "neutral" investment rating.

Over the past two years, the price earnings ratio of the home textile sector has fluctuated around the average of 18.5 times, and the current P / E ratio is 18.78 times, near the average.

The ratio of Shanghai to Shenzhen 300 is 2.12 times higher than that of the past two years (1.83 times).

The overall underestimation of garment industry is not obvious. For the first time, it gives the industry a "neutral" rating.

Concerned about the expected recovery of the more obvious leisure clothing plate, although the plate price earnings ratio has reached a new high of 25.94 times (TTM) in recent years, but in the 14 years, with the recovery of the performance of listed companies, the stock price will still show "/p >

< p > risk warning.

< a href= "http://www.91se91.com/news/index_c.asp > > clothing industry < /a > boom degree, sales warming degree is lower than expected.

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