Current Situation Of Zhejiang Textile And Apparel Listed Companies

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Xiaobian network to introduce to you is Zhejiang textile and clothing listed company's performance differentiation, highlight the pformation pressure.

Textile and garment industry has always been one of the pillar industries of Zhejiang, an economic province.

But in recent years, with the rising cost and increasing competition, the textile and garment industry has been in a downturn, and the advance of the original sunrise industry has slowed down.

At present, the total net profit of Listed Companies in Zhejiang's textile and garment industry is 30% higher than that of last year. The stock trend of related companies, but the trend of performance differentiation has emerged, and the pressure of pformation and upgrading is also more urgent in front of Zhejiang's textile and garment enterprises.

Total net profit increased by 30%

At present, there are 19 listed companies in Zhejiang textile and garment industry.

The three quarterly report just released in 2014 showed that the total net profit of 19 listed companies in the first three quarters of this year amounted to 4 billion 461 million yuan, up 30.55% from the 3 billion 417 million yuan a year earlier.

Behind the substantial increase in net profit, the development trend of Zhejiang's textile and garment listed companies is not average.

Among the above companies, 12 companies achieved different degrees of net profit growth in the first three quarters, of which the main business of YOUNGOR's net profit for men's clothing business increased by 48.66%, and that of Maison's cultural net profit also increased by 48.40%.

The 8 companies, such as Maison culture, Huafang textile, bar Jie shares and Westar share, have realized double increase in operating income and net profit.

Compared with the above 12 companies, Zhejiang textile and garment industry also has 7 companies in the first three quarters of this year's performance decline, namely, Baron Oriental, good bird, AOKANG international, Zhejiang rich, Vico essence, Busen and Busen shares, of which the company's operating income and net profit declined year-on-year.

In the 19 textile and garment industry listed companies, the three quarter net profit of Vic and Busen shares were 82 million 310 thousand yuan and 39 million 600 thousand yuan respectively.

Men's wear industry presents "two days".

For the apparel industry, the phenomenon of performance differentiation is particularly evident in men's clothing industry.

YOUNGOR and Busen, which are mainly in men's clothing business, have taken the position of "deputy head squad leader" in the textile and garment industry's net profit growth ranking.

Local giant YOUNGOR continues its position and performance in Zhejiang's leading industry.

In the first three quarters of 2014, YOUNGOR achieved a net profit growth of nearly 50%.

YOUNGOR said that one of the main reasons for the company's net profit growth was the effective increase in the gross profit of the company's main brand clothing industry, which achieved a net profit of 466 million yuan, an increase of 23.5% over the same period.

Compared with YOUNGOR's performance, Busen's stock performance continued its weakness in the first half of the year.

In the first half of the year, net profit dropped by 394%, the net profit of the three quarterly report dropped 393.02% compared with the same period last year, and the operating income also dropped by 20% over the same period.

In the first three quarters, Busen's sales decreased by 291.80%, and its profit and net profit decreased.

For the company's situation, Busen shares pointed out in its previous semi annual report that the competition in the garment industry has become increasingly fierce, and the terminal sales have continued to be weak, the company's orders have been reduced and the cost of opening stores has increased, resulting in a sharp decline in the company's performance.

During the pformation period, enterprises are "going back to difficulties".

In fact, as early as the beginning of the year, due to the slowdown in macro-economic growth, the downward pressure on the economy and the rising cost, textile and garment enterprises were struggling to cope with the problem. The industry showed a pessimistic attitude towards this year's development prospects.

In the textile and garment industry, many people think that the development mode based on quantity has come to the end, and the industry will enter a turning point of pformation.

Gentleman consultation

Wu Qionghua, an industry analyst, told reporters: "taking clothing enterprises as an example, the market competition faced by enterprises is much more intense than before. It is more difficult for enterprises to get orders than before, and the cost pressure is also increasing.

In this case, the textile and garment industry standard has changed from "no" to "good or bad", from low level and low cost expansion to quality benefit growth.

Such a shift is very difficult for many enterprises, which will inevitably lead to mergers and acquisitions and some low level production capacity.

Chen Guoqiang, director of the Institute of industrial economics of China Garment Association, said that in the Internet age, textile and garment industry must adapt to the new normal and accelerate the integration of channel innovation and industry to enhance brand life and vitality in order to achieve pformation and upgrading.

It is understood that many of Zhejiang's textile and garment industry listed companies have begun to implement pformation and upgrading around the main industry.

Such as Semir international cooperation through mergers and acquisitions, high-end high-end

And the women's clothing market; the business of news birds has changed from complex to simple, from high price to high cost performance pformation; AOKANG international has joined hands with Alibaba to realize the pformation from entity store to double line development of electric business and entity store; Busen shares announced in the three quarter that the company intends to gradually withdraw from the main business of textile and clothing through restructuring assets into agricultural companies.