Textile And Garment Industry Weekly: 100 Data Is More Plain.

Main week

1. Industry perspective: (1) in September 2014, the retail sales of 100 major major retail enterprises decreased by 0.3% compared to the same period last year, down 7 percentage points from the same period last year, of which apparel retail sales increased by 0.4% over the same period last year, down 5.6 percentage points from the same period last year, and the retail sales of cosmetics increased by 1.2% over the same period last year, down 7.7 percentage points from the same period last year.

In September 2014, the total retail sales of consumer goods increased by 11.6% over the same period: Sales of textiles and clothing increased by 103 billion 700 million yuan, up 11% from the same period last year, and cosmetics sales reached 15 billion 900 million yuan, up 12% over the same period last year.

2, last week, we organized Tai Yuan shares and Jialin Jie research, and exchanged with the company executives the yuan yuan shares to increase the acquisition of global starlight and Jialin JD, and increase the future business development.

Industry and company tracking: 1, Tai Yuan shares tracking: the company intends to buy global star light is a clothing wholesaler for the United States market, supplies to department stores and brands through buyout, the future business will maintain 20-30% growth rate, the subsidiary APS is Under Armour Armour supplier, this year 1-8 month income 35 million 480 thousand US dollars, accounting for 16% or so; Future Ltd is still expected to have the acquisition expected.

2, Jia Linjie tracking: Future Ltd will focus on the main industry to build the whole industrial chain, take the "go global strategy", and supplement the mid and high-end production capacity and brand in the overseas purchase of upstream and downstream enterprises. The increase is mainly used to expand production capacity (to join the Pakistan factory) and increase private brand investment.

3. Hai Lan's home tracking: 2014Q3 combined reporting caliber achieved revenue of 8 billion 100 million yuan, an increase of 71% over the same period, and net profit of 1 billion 600 million yuan, an increase of 84% over the same period, EPS 0.36 yuan.

Retail terminal growth rate of about 50%, net profit growth of 50%+.

4, AOKANG international tracking: (1) 2014Q3 realized revenue of 2 billion 100 million yuan, an increase of 0.55% compared with the same period last year, net profit of 190 million yuan, down 28% yuan, EPS0.46 yuan; (2) the introduction of employee stock ownership plan to raise 133 million yuan, 51 objects.

5, Pathfinder tracking: 2014Q3 realized revenue of 1 billion yuan, an increase of 21% over the same period, and net profit of 180 million yuan, an increase of 26% yuan, or EPS0.35 yuan.

6, fuanna tracking: 2014Q3 realized income of 1 billion 300 million yuan, an increase of 3.5% over the same period, net profit 240 million yuan, an increase of 15.8%, EPS0.57 yuan.

7, seven wolf tracking: 2014Q3 realized income of 1 billion 700 million yuan, down 25% compared with the same period last year, net profit 230 million yuan, down 39%, EPS0.3 yuan.

8, tracking the shares of 201Q3: the income of the company was 890 million yuan, down 2% from the same period last year, and net profit was 88 million 60 thousand yuan, down 58% from the previous year, EPS0.44 yuan.

The company completes the full adjustment to Rhine, South Korea, which is expected to resume trading in November 6th.

9, nine Mu Wang tracking: 2014Q3 realized income of 1 billion 500 million yuan, down 15% compared with the same period last year, net profit 310 million yuan, down 28%, EPS0.53 yuan.

10, Maison cultural tracking: 2014Q3 realized revenue of 350 million yuan, an increase of 78% over the same period, and net profit of 62 million 380 thousand yuan, an increase of 48% yuan, or EPS0.3 yuan.

11, Huafu color textile tracking: the company received notice of increasing freight subsidy, supplemented 6 million 920 thousand yuan in the first half, and estimated 23 million yuan in the second half of the year.

12, Tak cotton share tracking: a subsidiary of the German cotton Bo Yuan fund to participate in the establishment of Shenzhen Zhongyu investment development fund business, China fishery investment intends to set up Hainan Zhongyu Shipping Co., Ltd., to buy 4 fishery companies 100% stake and 145 fishing vessels.

Last week textile and clothing sector

Stronger than the market.

Last week textile and apparel index fell 1.94%, compared with the Shen Wan A index rose 0.02%.

Among them, the textile manufacturing index fell 3.83%, the index for Shen Wan A fell 1.87%, the apparel home textile index fell 0.11%, and the index of Shen Wan A rose 1.85%.

The obvious undervalued consumption leader can also focus on the change of small market value of the actual controller: (1) the performance improvement of the obvious undervalued consumption leader: (2) the improvement of the obvious consumption price: the leading clothing of the fair price (the high growth rate of continuous reverse trend, the excellent management, the decline of the valuations), the Home Textile Leader Luo Lai home textile (performance bottom up, actively exploring the channel pformation and merger pformation) and fuanna (the rapid development of the electricity supplier business, and steadily promoting the "big household"), the casual wear children's clothing Semir faucet (children's clothing business maintains 20%+ high growth rate, the leisure clothing business bottom stabilizes, the long-standing optimistic child related industry chain) and the men's shoes leading AOKANG International (the fourth quarter performance is expected to improve). Our view: key performance improvement in the four quarter

(2) the small market value of the actual controller is changed: Tai Yuan shares (major shareholders of the company participate in the increase of 2 billion 800 million, the acquisition of 95% shares of global starlight, the direction of pformation of the fashion industry is clear), de Mian shares and Jiangsu three friends.