China'S Textile And Garment Industry Will Rebound In The Second Half Year

The consumer and retail sector is changing.

In the 1-6 month, clothing CPI steadily recovered, and entered the "3" era after three years.

Physical channel sales and sales growth is much faster than the same period last year: in the first quarter of this year, the sales volume of 100 shopping malls increased by 3.9%, and sales increased by 5.9%; the traditional sales peak season in May.

The sales volume of 100 shopping malls increased by 6.1%, while sales increased by 6.9%, representing an increase of 0.7 percentage points and 9.3 percentage points compared with the same period last year.

At the same time, the consumer confidence index has gradually recovered since the bottom of 2013, and the steady increase of residents' income has provided the foundation for the follow-up effort of clothing consumption.

Investment in fixed assets of textile and garment industry is getting warmer.

2015 1-5, clothing shoes

Fixed asset investment grew by 28.09%, a 10.2 percentage point increase over the same period last year.

From the upstream point of view, the price of PTA has dropped, and the chemical fiber industry has speeded up its capacity production process, and the polyester production enterprises have obviously benefited.

Cotton subsidy policy has been implemented on the ground, cotton prices have stabilized, and national cotton stores have been gradually put into the market, and cotton spinning enterprises are free from severe fluctuations in the market.

The low end production capacity of the textile and garment manufacturing industry is further shifting outwards, and the high-end production enterprises still have larger bargaining space.

In a microcosmic perspective,

The performance of the apparel industry listed companies in the 14 quarter and the 4 quarter of this year and the 1 quarter of this year outperformed the same period last year.

In this year's quarterly report, the overall net profit growth of Listed Companies in the industry was -4.85%, an increase of 7.5 percentage points compared to the same period last year, and the gross gross profit margin was 27%, representing a 3 percentage point increase over the same period last year.

The industry's stock investment is facing a change of style: in the first half of the year, the textile and garment industry has taken the lead, but in June, there has been a larger pullback.

With the rapid growth of the share price led by the extension imagination space, the investment textile and garment sector in the second half of this year will focus on the steady growth of performance and the extension of the development.

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Plate led to reveal the basic pformation expectations.

In 1-6 months, the overall growth of the textile and garment sector was 96.82%, ranking third in the Shen Yi class industry, far exceeding Shenzhen's index (30.17%) and Shanghai and Shenzhen 300 (26.58%).

The strong growth of the plate comes from anticipation of the pformation and upgrading of industries and companies.

Clothing retailing is showing a trend of parity and volume selling. Textile manufacturing and other upstream industries are facing changes in demand reduction and pfer of capacity to Southeast Asia.

The fundamentals of the industry are at the bottom. The listed companies are facing a historic turning point in the industry. Investors are expected to enhance their main business upgrading and extension.

Internet + etc.

The theme will continue to be the most attractive investment direction.

Transformation and upgrading are still the main theme of China's economic development, especially in traditional industries such as textiles and clothing. The focus of the industry is focused on the integration of traditional industries and Internet +.

13 years, the industry is keen on O2O, cross-border electricity providers, intelligent and other fields of investment, the second half of 15 will continue this market, is still optimistic about this theme.

But later, there will be a group of companies with strong storytelling and poor liquidity. They will pay more attention to the liquidity and the valuation of the company's performance.