China'S Clothing And Accessories Exports Decreased By 7.20% Over The Same Period In January.

Market Review

Last week,

Industry sector fell 1.23 percentage points, the Shanghai and Shenzhen 300 index rose 4.95 percentage points during the same period, and the textile and garment sector lost 6.18 percentage points.

Data tracking

Macro data: in January 2016, the export volume of clothing and accessories in China was 14 billion 681 million US dollars, a decrease of 7.20% compared with the same period last year. In January 2016, the import volume of clothing and accessories in China was 562 million US dollars, an increase of 6.50% over the same period last year.

Price index: the domestic price index of Keqiao's textile industry in March 4th was 92.66, an increase of 0.04 compared with last week; the textile price index of Keqiao was 103.29 in February 1st, a decrease of 0.69 compared with last week; the Shengze silk price index was 100.65 in March 4th, 0.05 higher than last week; and the price index for leather goods in February 26th was 100.27, a decrease of 1.85 over last week.

As of March 4th, domestic 328 spot spot reported 12063 yuan / ton, 0.46% lower than last week.

Main news & bulletin summary

1) Yongjia industry entered the 4 era, the order of customized clothes can be viewed online; 2) at the end of 13th Five-Year, Keqiao no longer reserved the printing and dyeing enterprise -1.html > printing and dyeing enterprises except the Binhai Industrial Zone; 3) Shishi textile and clothing manufacturing.

Strength industry cluster mode; 4) concern: 2016 what is the most concerned textile topic in the two sessions? 5) Zhejiang rich: 2015 annual report and profit distribution plan; 6) civil aviation shares: annual report and profit distribution plan in 2015; 7) Huamao shares: 2015 annual report; 8) Hai Lan's home: about the pfer of Shenzhen Huatai Rui Lin equity investment fund partnership (limited partnership) subscription of capital contribution and related pactions announcement.

Industry view

Chinese brand apparel enterprises have gradually become the trend of mergers and acquisitions of overseas brands. Whether they can succeed in mergers and acquisitions and successful mergers and acquisitions need to be further observed.

But the brand clothing industry is fierce competition, the survival of the fittest, the strong Heng Qiang.

Enterprises with competitive advantages and strong performance support are the medium and long term investment types with large development space and guaranteed growth.

We maintain the previous investment logic: brand clothing leading enterprises underestimate value, performance, sustainable growth and space; international brand competition and the diversion of e-commerce channels make brand clothing sub industry competition intensified, leading enterprises' competitive advantage is more and more obvious.

In addition, we continue to be optimistic about the development prospects of the school uniform industry. The national guiding policy is to catalyze the development of the school uniform industry. Under the background of the consumption upgrading, the new generation of consumers are ready to go ahead and promote the innovation of the traditional "face pocket" school uniform. Under the background of strict environmental standards and low productivity and backward production capacity, the supply and contraction of the printing and dyeing industry, the increase in the cost of printing and dyeing, and the concentration of orders brought by the withdrawal of small and medium-sized enterprises are favorable for the industry leaders from the two latitudes of quantity and price.