Appreciation Of The Dollar Has Become A Good Industry. Hongkong'S Apparel Industry Is Making Good News.

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The annual performance report released as at the end of December 2014 showed that net profit of 321 million yuan in that year increased by 31.3% over the same period last year.

Recently, textile and apparel listed companies such as 31st, China and Li Lang have released their earnings reports, and their performance has generally increased to varying degrees.

Analysts pointed out that export promotion, de stocking and business pformation are the main factors to boost the performance of textile and garment enterprises.

Appreciation of the dollar is good for the industry.

At present, many textile and garment enterprises have announced the 2014 earnings report, and their general performance is good.

Insiders pointed out that the appreciation of the US dollar is beneficial to the garment export enterprises. At the same time, the apparel industry has gone through the process of de stocking and reduced the operating costs. In addition, the pformation and development of the network business has led to the growth of garment enterprises' performance, all these factors boost the garment industry to warm up.

Recently, the US dollar has risen to its highest level since September 2003.

In the context of a strong dollar, the textile and garment industry is expected to become a beneficiary.

according to

Data show that in 2014, the volume of textile and clothing trade between China and the United States increased by 7.3% to 45 billion 570 million dollars.

Exports rose by 7.5% to 44 billion 740 million dollars, imports fell 3.7% to 840 million dollars, and the surplus grew 7.7% to 43 billion 900 million US dollars.

Changjiang Securities pointed out that after two or three years of inventory processing and continuous pformation, the stock level of brand clothing enterprises has been reduced and gradually improved.

Enterprises constantly improve their pformation, change the extensive operation mode in the past to fine operation, and gradually adapt to the new market demand. At the same time, enterprises with poor management or weak operating ability have obvious disadvantages in the competitive environment.

The textile and garment industry is closely related to the electricity supplier, and the pformation to the direction of the Internet operation will be the most important catalytic factor for the performance and stock price performance of the garment enterprises.

The general improvement of enterprise's financial report

PEAK sports earnings per share in the 2014 fiscal year were HK $0.1528, and the final interest rate was HK $0.08, up from HK $0.06 in the same period last year.

In the 2014 fiscal year, PEAK sports sales increased 8.75% to 2 billion 841 million yuan compared with the same period last year, gross profit rose 16.45% to 1 billion 79 million yuan, gross profit margin was 38%, up 2.5 percentage points year-on-year, and net profit margin increased 2 percentage points to 11.3% over the same period.

According to the results of the report, sales of PEAK's sports footwear products increased by 6% last year, the average selling price increased by 3.9%, the sales of clothing products dropped by 4.9%, and the average selling price increased by 13.7%.

Average stock turnover days fell from 81 days in 2013 to 74 days at the end of last year.

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Also announced the year-end results as at the end of December last year, the company achieved a net profit of 398 million yuan, an increase of 88.22% over the same period, and a profit of HK $0.192 per share.

In fiscal year 2014, the sales volume increased by 9.01 to 3 billion 906 million yuan compared with the same period last year, and gross profit increased by 12.68% to 1 billion 597 million yuan compared with the same period last year. Gross profit margin increased 1.4 percentage points to 40.9% over the same period in 2013.

Last year, sales of footwear, clothing and accessories increased by 10.9%, 2.8% and 8.4% respectively.

In the 2015 fiscal year, the inventory problem of the company will gradually improve, and the inventory level will gradually become normal and retail discount will also be narrowed.

In addition, a clearer strategy will be formulated for e-commerce.

At present, 360 degrees have opened flagship stores on Jingdong, Tmall and Holland, and plans to launch exclusive products in the future.

BELLE international recently announced that as of the 2014-2015 quarter of February 2015, the fourth quarter of footwear sales decreased from third to 5.6% in the third quarter, while sales of sports and clothing stores increased 10.9% over the same period, which is better than expected.

The Bank of Hong Kong International released a report that BELLE's ability to resist shocks is strong, mainly due to the comprehensive and vertically integrated production mode, which makes the cost highly flexible, and the product mix of diversified and multi brands strengthens the scale advantage.

In addition, BELLE's online business has achieved balance in 2015, and the prospect of sports wear is getting better. It helps to resist the short-term negative effects of footwear business.

It is estimated that in the 2016 fiscal year, BELLE's EPS will grow steadily by 7%, an increase of 6% over the 2015 fiscal year. In the 2017 fiscal year, the earnings per share will increase significantly to 13%.

Prior to that, China's annual performance as of December 31, 2014 showed that the annual profit increased 7.5% to 555 million yuan last year, and the basic earnings per share were HK $0.4617 per year.

Last year, China's turnover increased by 5.8% to 2 billion 433 million yuan, gross margin remained at 42.6%, operating profit increased 2.7 percentage point to 28%, net profit margin increased 0.3 percentage points to 22.8%.

As of December 31, 2014, the company had a net cash balance of 1 billion 937 million yuan.

China pointed out that the growth in 2014 mainly benefited from the sales reversal of the core brand LILANZ.

In addition, the company continued to adjust its stores, and the number of stores in the whole year decreased by 376.

The company's business efficiency is improved and its operating cash flow is stable.

China's profit is expected to grow by 12.8% and 14.1% respectively in the 2015 and 2016 fiscal years.