Weak Recovery In Textile And Garment Industry 90% Profit Of Listed Garment Enterprises

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Xiaobian network to introduce to you is the textile and garment industry showing a weak recovery, listed companies 90% profit.

The 72 listed companies listed in the China Daily reported a stock of up to 75 billion 369 million yuan, an increase of 4 billion 137 million yuan over the same period last year, an increase of about 6%.

Because of the change of consumption concept, the wholesale marketing method of textile and garment industry has been out of date, and retail personalized selling has become the buzzword in the industry.

However, in the process of busy retailing pformation, a large number of accumulated inventories become a "drag" that the industry can hardly get rid of.

Statistics show that as of August 28th this year, the 72 listed companies in the textile and garment industry announced that the inventory of the listed companies was as high as 75 billion 369 million yuan, an increase of 4 billion 137 million yuan over the 71 billion 232 million yuan in the same period in 2013, an increase of about 6%.

According to industry analysis, the overall trend of textile and apparel industry in 2014 will continue to remain unchanged in 2013, that is, the manufacturing sector will continue to travel in a weak recovery. After the consumer bottoms up in 2013, it is likely to slow down in 2014, and the differentiation of enterprises will become increasingly obvious.

90% profits from Listed Companies

According to statistics, 63 of the 72 listed textile and apparel companies listed in the China Daily reported positive net profits. That is to say, nearly 90% of the companies achieved profits.

In the first half of 2014, the profit of 52 listed companies was over ten million yuan, and the net profit of 21 companies exceeded 100 million yuan.

Among them, YOUNGOR (600177, stock bar) and Hai Lan home (600398, stock bar) respectively ranked first and second in net profit ranking, and 2 companies achieved net profit of 1 billion 874 million yuan and 1 billion 228 million yuan in the first half of 2014 respectively.

However, it is worth noting that 9 other companies reported losses in the first half of 2014.

It is worth noting that the Busen shares (002569, stock bar), a garment company, handed in a failed Chinese newspaper in the first half of 2014.

During the reporting period, the company achieved a total operating income of 214 million yuan, down 22.37% compared to the same period last year. The net profit attributable to the owners of the parent company was -3328.98 million, down 394.18% from the same period last year.

Busen shares 2014 China Daily reported that at the end of the second quarter, the company's inventory was 250 million yuan, an increase of 2.89%, and accounts receivable of 112 million yuan, a decrease of 38.42%.

In addition, the company's inventory turnover is not good.

Lei Yu, a Research Institute of Changjiang Securities (000783, stock bar), believes that "the increase in company inventories and the decrease in accounts receivable are mainly due to a significant decrease in terminal sales".

The announcement shows that Busen shares intends to set up assets and liabilities with a medium value of 430 million yuan and replace the equivalent part of Hong Wah agricultural 100% shares held by the counterparty.

The industry to buy assets, "Hong Wah agriculture", is a broad agricultural planting industry.

Inventories grew 6% year-on-year

It is worth noting that the 72 listed companies in the textile and apparel industry announced that the inventory of the listed companies was as high as 75 billion 369 million yuan, up 6% over the same period of 71 billion 232 million yuan in 2013.

According to incomplete statistics from the Securities Daily, 28 companies in the 72 companies in the first half of 2014 increased by 10% over the same period.

Among them, the inventory of Hai Lan's home grew the most, from 483 million yuan in the first half of 2013 to 5 billion 239 million yuan in the first half of this year, an increase of 984.63% over the same period last year.

Some analysts believe that the sharp increase in inventory is mainly due to the expansion of the company's reasons.

Data show that in the first half of this year, the number of brand stores in Hai Lan home increased by 277, with a total number of 3164.

In addition, inventories of Pathfinder (300005, stock bar) also rose sharply, from 207 million yuan in the first half of 2013 to 320 million yuan in the first half of 2014, an increase of 54.68% over the same period last year.

In response, a company Securities Division said that the increase in inventory mainly came from the rapid development of the main business. In the first half of this year, the company's overall sales revenue increased by about 21%, and net profit increased by about 27%.

In addition to Hai Lan's home and Pathfinder, the stock of Mei Sheng Culture (002699, stock bar) increased by 47.33% in the first half of 2014.

For the growth of inventories, Maison handelsmij explained that the acquisition of Holland's agenturen en handelsmij Scheepers B.V. was not a result of a large increase in the stock of anime apparel.

It is worth noting that in the above 72 companies, the stock of seven wolves (002029, stock bars) is not the largest, but it is 748 million yuan, but the company has the most prepared price drop, up to 304 million yuan, and the average extraction ratio is as high as 40.59%.

In fact, the performance of the seven wolves in the first half of 2014 was not satisfactory.

China Daily reported that the net profit attributable to listed companies was 151 million yuan, down 41.02% from the same period last year.

At the same time, the company expects net profit in the first three quarters of this year to change from -50% to -30%.

Galaxy Securities Research Institute Mary analysis believes that the closure of invalid shops, adjust the channel structure leading to significant decline in wholesale business.

According to statistics, in the first half of this year, men's clothing listed companies Busen shares and Hinur (002485, stock bar) all lost more than ten million yuan. In addition, net profit of card slave Road (002656, stock bar), seven wolves, nine Mu Wang (601566, stock bar), and wedding bird (002154, stock bar) fell by 77.03%, 40.70%, 24.80% and 18.01% respectively.

In the same time, the men's clothing listed companies also encountered a rare closing shop trend.

Among them, there are 347 stores of seven wolves, 73 of nine Mu Wang Guan shops, 53 of Guan Nu Di Lu Guan stores, and 46 of Hinur Guan stores.

For men's clothing companies, there is an analysis of people in the industry. In recent years, there has been a "bubble" in the field of horse racing, and now is the time to "squeeze bubbles".

Analysts believe that the survival of clothing enterprises will not improve in the near future, and the tide of closing shops will continue.

In order to improve performance, most companies are actively pforming, and start networking with the Internet, and have launched O2O mode.

For example, the opening of the first O2O mode experience shop in Hangzhou, the United States apparel (002269, stock bar), attracts consumers to stay in the shop for a long time to use tablet computers or mobile phones to access the Internet.

The 100 round pants industry (002640, stock bar) also announced the purchase of 100% stake in Tesco at a price of 1 billion 32 million yuan, while global Tesco is a cross-border export retail business.

Insiders commented that the pformation to O2O mode is the future.

The general trend.