Gross Profit Margin Rose Significantly In Textile Industry, And Overall Efficiency Improved Significantly.

At present, more than half of the 80 A share listed textile and apparel companies have announced annual reports, of which 10 in textile manufacturing industry and 16 in apparel home textile industry.

As the three quarterly reports of the listed companies in 2015 have been disclosed, we have found quarterly reports of more than 80 of the Shanghai and Shenzhen textile plates.

Gross profit margin rebounded significantly, clothing industry inventory, receivable turnover continued to improve, the annual profit recovery growth can be expected.

Gross profit margin rose sharply in textile industry

Under the background of stabilizing prices of raw materials in textile sub sectors, the demand for centralized replenishment in the lower reaches of 2015 led to the recovery of the industrial chain, and the order volume of cotton textile industry is still recovering, and gross profit margin has increased significantly compared with the same period last year.

However, affected by the three quarter exchange rate fluctuations, the export loss of export textile enterprises dragged down net profit performance. It is expected that with the advent of the historic bottom of cotton prices, enterprises in the industry will have extra power to purchase raw materials, thereby further increasing the growth rate of earnings.

Clothing sub industry income has been growing for 4 consecutive quarters.

With the continuous advance of early discounts and inventory clearance, the overall gross margin level of the industry has gradually returned to normal. However, the overall upward trend has not yet been clear, indicating that the clothing consumer market has shown a trend of improvement in demand side after brand shuffling and structural upgrading, but it is subject to continuous inventory clearing, and the adjustment period of the shops is lengthened, and the net interest rate is still at a historical low.

The trend of performance change of key consumer companies is basically the same as that of clothing sub sectors, but the scope is deeper. Though the performance of the apparel industry is not as good as that of the apparel industry in the second half of 13 years, the performance recovery has been stronger than the industry since the second half of 14.

Inventory growth declined significantly compared with the same period last year, and overall efficiency improved significantly.

Textile sub industry

In the trend of steady decline, the growth rate of inventories decreased significantly compared with the same period last year. The apparel sub industry has improved in inventory and receivable turnover since the beginning of the year, and the supply chain adjustment of enterprises has achieved initial success.

In the first three quarters of 2015, the improvement rate of key consumer stocks turnover has significantly surpassed the industry average and rebounded every quarter.

In the first half of the year, the average number of stores decreased by more than 10%, while revenue has achieved 11.41% positive growth. This reflects that the improvement of key brand enterprises has been significantly improved through the contraction of the previous terminal scale, the structural adjustment, and the overall operational efficiency with endogenous indicators.

Annual profit recovery growth can be expected

The gross profit margin of textile sub industry has been promoted to promote the recovery of annual profit.

In the low cardinal number, performance continued to improve.

At present, more than half of the 80 A share listed textile and apparel companies have announced annual reports, of which 10 in textile manufacturing industry and 16 in apparel home textile industry.

On the whole, it is expected that the annual performance of the spinning and weaving industry will continue the performance of the newspaper. Among them, the textile sub industry benefits from the integration of the industry, the continuous recovery of overseas demand, and the background of the stable price of raw materials in 2015.

While the garment subsidiary industry has brought about the natural recovery growth brought by the endogeneity index of the terminal after the burden reduction of the channel; the leading enterprises have brought additional increments under the trend of the market concentration increasing, and the leading enterprises have made use of the advantages of resources to actively layout and pform, and the growth rate of their performance has continued to improve year-on-year.