Data Research Of Listed Companies: Garment And Textile Industry Is Expected To Meet The Turning Point Of Performance.

The economic recovery in Europe and the United States, represented by the US, is expected to stimulate corresponding export orders growth.

The global economic slowdown has affected textile and clothing industry, and the industry has entered a new channel for pformation and upgrading.

Financial derivatives help industry

Researcher Zhang Xiyang believes that there are various signs that the downward pressure on China's economy is still increasing, and that this year's difficulties may be bigger than last year.

Investment growth is weak, new consumption hot spots are not many, the international market has not been greatly improved, and steady growth is more difficult.

The prices of industrial products continue to decline, and the cost of production factors is rising. The financing difficulties of small and micro enterprises are outstanding, and the problems of production and operation are increasing.

Zhang Xiyang believes that strengthening the construction of multi-level capital market system, implementing the stock issue registration system, developing the regional equity market serving SMEs, promoting the securitization of credit assets and developing the financial derivatives market will help solve the problem.

He believes that in 2013, three commodity futures exchanges in China accumulated 1 billion 868 million commodity futures contracts, accounting for 46.13% of the global commodity futures and options trading volume, and maintained the status of the world's largest commodity futures market for 5 years in a row.

In terms of depth and breadth, China's futures market has already listed 45 futures varieties (including treasury bonds, futures), involving many industries, such as agricultural products, metals, chemical industry and finance, covering dozens of industrial chains in the real economy.

In March 9, 2015, the 50ETF options were officially listed, and the OTC derivatives options were gradually liberalized to eliminate the economic system and obstacles of all financial derivatives entities.

Clothing is expected to welcome the turning point of performance

Zhang Xiyang analysis, from 79 listed

According to the data, the clothing and textile industry in 2009 has a higher profit and an increase of 61.2% in performance. In 2010, some sporting goods brands increased, and net profit increased, and the performance growth ratio decreased. In 2011, it continued to decline. In 2012, this figure was -15.97%, and in 2013, there was a good turn, with an increase of 5%, and it was not enough to pay bank interest.

In 2014, ten textile and garment enterprises announced their performance (up to March 23rd), with an average net profit of 46% and an increase of 118%, which is mainly due to the growth of the performance of Yu Hai Lan's home.

Senior analyst Zhang Xiying believes that the fundamentals of the textile industry as a whole in 2015 have been improving. Cotton prices have dropped significantly since the 9 cotton market was launched last year, so that they can digest inventory and place orders cautiously. Some orders are pferred to 2015 (superimposed replenishment needs).

He believes that the clothing industry to end the stock is coming to an end, 2015 is expected to bottom recovery, the order data also show that most leading enterprises in autumn and winter in 2014 and 2015 spring and summer orders will have a positive growth, of which casual wear and home textile industry has ushered in the performance of inflection point in 2014.

From the perspective of the textile and apparel industry, the bottom of the textile industry's revenue growth appeared in the second half of 2012, and began to recover in 2013. Sales revenue and net profit continued to grow. At the bottom of 2014, the growth rate of the garment industry was still in the process of bottom up and the fluctuation of net profit was even greater.

Improving enterprise capital utilization rate

The notice of the Ministry of Finance and the State Administration of Taxation on the adjustment of the export tax rebate rate for some products pointed out that since January 1, 2015, the export tax rebate rate of some products has been readjusted again, of which the export tax rebate rate of clothing exports has increased to 17%, and the full amount of tax rebates has been achieved.

In this regard, Zhang Xiying believes that this helps enterprises to reduce export costs and enhance international competitiveness, will bring good benefits for the textile and apparel industry.

She said: "the economic recovery in Europe and the United States, represented by the United States, is expected to stimulate corresponding export orders growth.

At the same time, the continued depreciation of the RMB exchange rate in the near future will further promote the recovery of industrial exports.

According to the analysis of the industry, the depreciation rate of RMB against the US dollar is 1%, and the sales profit margin of the textile and garment industry will increase by 2% to 6%.

Data show that in February 2015, China's textile and clothing exports amounted to 21 billion 675 million US dollars, down 15.14%, up 99.31% from the same period last year.

From 1 to February, China's textile and clothing exports totaled US $47 billion 215 million, an increase of US $6 billion 100 million compared with the same period last year, an increase of 19.6% over the same period last year.

Textile and garment exports are recovering.

Zhang Xiying believed that

The clothing industry has experienced substantial fluctuations in raw material prices in recent years, and the reshuffle of product De stocking is facing opportunities and challenges in 2015.

He made two suggestions for the development of the textile and garment industry. First, pformation and upgrading, upgrading the added value of products, and actively developing Internet sales channels.

Two, we should make rational use of financial derivatives tools, reduce spot inventories, set up futures stocks at low positions, and improve the efficiency of enterprise capital utilization.