Domestic Consumption Promotes The Economic Efficiency Of Textile And Garment Enterprises

Domestic consumption rose slightly, and profits from textile enterprises continued to grow. Economic recovery in Europe and the United States to China Spin clothing The export of products has produced a more obvious positive effect. In addition, the direct subsidy policy, which is likely to be fully implemented this year, will play a two-way guarantee for stabilizing cotton prices and reducing the cost of cotton enterprises. It is expected that the economic benefits of textile and garment enterprises will be further improved this year. In the 13 years, the operating profit of textile enterprises accumulated 19.08% year-on-year, much better than that of garment enterprises 9.83%.

Market trend

In February, the Shanghai Composite Index fell 2.72%, the Shanghai and Shenzhen 300 index fell 3.77%, the Shen Wan textile and garment industry rose 2.92%, the Shen Wan textile manufacturing industry index rose 3.77%, and the Shen Wan clothing textile industry index rose 2.09%. By the end of 2, the valuation of textile and garment industry was 24.02 times, the value of textile manufacturing industry was 36.64 times, and the value of apparel textile industry was 19.08 times.

investment strategy

In February, the textile industry's growth rate was still higher than that of the apparel home textile industry. The original business growth of clothing home textiles is still relatively slow, and the industry turning point is not yet available, but the emergence of the concept of smart wear has added a new growth point to the garment industry. AOKANG international, for example, has recently developed smart wear and is positioning itself. shoes Research and development of high-tech products such as step shoes. AOKANG's shoes, which are similar to satellite navigation shoes, are popular products in the world. They combine GPS technology with shoes to indicate the direction, and step shoes can transmit motion data in real time.

Another pioneer is the Pathfinder. The company not only develops smart wear, has launched the first intelligent outdoor intelligent Bluetooth bracelet, but also entered the Internet application field, bought the "green field" platform, increased Asiatravel to consolidate the internet tourism status, and launched the first outdoor sports integration service APP in China. In the initial stage of product R & D and platform construction, we can not determine its long-term performance. However, "intellectualization" will become a major trend in the consumer sector. Then the problem of business orientation can be solved, and the burst of stock prices in the short term can be expected, and its long-term value still needs to be observed in R & D investment, product competitiveness and order results.

According to the sales data of garment home textile industry, the growth rate of men's wear and footwear companies is in a position, and home textile companies are slightly better. Traditional clothing home textile companies rely on the limited development of the original mode, which is mainly restricted by residents' disposable income and consumption growth. The "smart wear" is likely to drive the new "demand" with the new supply, and develop new fields on the basis of the original consumption. Therefore, we are optimistic about pioneers such as Pathfinder and AOKANG international.

The textile manufacturing industry is stimulated by direct subsidy policy. cotton The price stability will further benefit the cotton enterprises to expand profits. We will continue to recommend Lu Tai A, Huafu color spinning and Baron East, as well as the cashmere industry.