Textile And Garment Industry'S Business Model Innovation And Overseas Mergers And Acquisitions Are Busy.

Last week, the annual reports of key companies gradually entered the intensive period. Judging from the published situation, we still kept the bottom line of the industry fundamentals. Judging from last week's plate market, it is true that if we judge the small and medium capitalization stocks are active again.

Market review: this week, the market continued to shake the adjustment state, the size index differentiation trend, the Shanghai and Shenzhen 300 index rose 0.75%, the gem index fell 0.48%, the textile and garment industry rose 0.19% throughout the week, showing a CSI 300 index.

Index, textile manufacturing and clothing home textile plate also differentiated, up 0.65% and 0.14% respectively.

In terms of stocks, small and medium-sized market capitalization stocks are more active.

Overseas news: (1)

Retail sales plummeted 21% in February, the biggest decline in 17 years.

(2) CalvinKlein parent PVH group's revenue in 2015 was US $8 billion 20 million, net profit of US $572 million 400 thousand, an increase of 30.4%, and fourth quarter profit increase of over 160%.

(3) Daphne's turnover in 2015 was HK $8 billion 379 million 100 thousand, a decrease of 19.1% compared with the same period last year. The total number of stores closed 827 in the year.

(4) the YGM group of Aquascutum parent company issued surplus police, and the profit after tax in fiscal year 2015 will fall by HK $827 million.

Important information with the company: (1) Semir clothing: the annual operating income and net profit in 2015 increased by 16.05% and 23.53%, respectively.

(2) YOUNGOR: it has accumulated 34 million 380 thousand shares of the company's shares, accumulative total holdings of 508 million yuan, reaching 84.61% of the upper limit of the plan. The company's total sales of some available financial assets totaled 1 billion 654 million yuan, resulting in an investment income of 330 million yuan.

(3) Chao Hongji: the operating income and net profit in 2015 increased by 8.92% and 15.68% compared to the same period last year.

(4) Wordsworth: a non-public offering plan: no more than 41870202 shares, the issue price is not less than 14.33 yuan / share, the actual controller subscribe for 60 million yuan.

(5) Lu Tai's operating income and net profit increased by 0.06% and -25.71% respectively in A:2015.

(6) Luo Lai life: 2015 operating income and net profit increased 5.59% and 3.01% respectively over the same period last year.

(7) Hua Fu color spinning: a subsidiary of Huafu net chain and Jinhua Jincheng jointly launched the establishment of "Zhejiang Jingying Electric Industrial Park Co., Ltd." (8) seven wolves: 2015 annual operating income and net profit increased 3.99% and -5.43% respectively over the previous year.

This week's key research report: (1) Lu Tai A annual review: weak export demand dragged down the performance of future investment in the exchange rate.

(2) Semir clothing annual review: performance continues to grow rapidly, and the leading position of the two leading brands is growing steadily.

(3) in-depth report of the textile and garment industry: where is the next bull stock?

This week, we recommend plate combinations: Semir costumes, Hai Lan's home, YOUNGOR and fuanna.

Last week, the combination showed: Semir costumes 3%, Hai Lan's home 4%, YOUNGOR 1%, Pathfinder -1% and Luo Lai life 1%.

After two years of bull market and 16 years of difficulty in investment and operation, it is recommended to pay close attention to the opportunities that local companies can bring to overseas mergers and acquisitions, such as the acquisition of French fashion group SMCP in Shandong Ruyi group recently.