Domestic Cotton Prices Are Stable And Demand Is Picking Up. Textile And Garment Industry Has Entered A Weak Recovery Stage.

As of June 29th, 47 textile and garment industry listed companies announced the first half of the performance notice, 37 pre Hi, accounting for 78.72%.

Insiders said that thanks to the depreciation of the renminbi in 2016, domestic cotton prices stabilized and demand revival, the textile and garment industry entered a weak recovery stage, the industry overall prosperity, and mergers and acquisitions and new business pformation prompted some companies to grow significantly.

Among the 37 companies that reported the first half of the year's performance, 10 increased by 7, with a slight increase of 18, and 2 of them lost their profits.

According to the expected net profit ceiling, there are 16 companies with net profit exceeding 100 million yuan, 9 companies over 50 million yuan, 6 companies with a net profit increase of more than 100%, and 5 more than 50% companies.

After deducting the net profit of Hong Kong share disposal, the net profit is expected to reach 490 million yuan. The net profit of Semir clothing is expected to be 513 million yuan -6.66 billion, ranking the first. The net profit of Huafu color spinning is 391 million yuan -4.81 billion yuan, and the net profit is about 313 million yuan -3.68 billion.

For the main reason for the growth of net profit, Semir apparel said that the leisure wear business continued to improve, the children's business grew steadily, and the Internet business developed rapidly, thus promoting the growth of the company's performance.

From the first quarter of this year, the sales of children's wear brand balbala increased by more than two figures, and the leading position of children's wear brands continued to consolidate.

Huafu color spinning said that the main business yarn sales increased, product structure optimization.

Tianfeng Securities believes that Huafu color spinning occupies a major share in the middle and high-end color spinning market.

It has a competitive advantage.

The supply chain management and brand management related businesses have been developing rapidly, and the performance in the first half of this year is expected to increase significantly.

Haitong Securities analysis thinks that the scale of textile and garment industry is large, the chain is long, the links are many, and the operation efficiency is low.

Relevant data show that in 2017 1-5, clothing shoes and hats, needles,

Retail sales amounted to 594 billion 500 million yuan, an increase of 7.20% over the same period last year, and total exports of 99 billion 880 million US dollars, an increase of 2.12% over the same period last year. Exports for the three consecutive month showed a steady warming trend.

Several institutions report that the textile and garment industry has entered a weak recovery stage, and the merger and new business pformation promoted some companies to increase their performance.

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In the company with a larger increase, the net profit increased by 745% after deducting the real estate of the red beans disposal. The growth rate of the modern Avenue was the highest. The net profit in the first half of the year was 95 million yuan -1.05 billion yuan, an increase of about 447.60%-484.19% compared with the same period.

Modern Avenue has acquired the 100% stake of Wuhan yuenenxin Network Technology Co., Ltd., which has been incorporated into the consolidated statement since May 2017.

Yuet's main business is the development and operation of mobile Internet social networking applications, locating overseas mobile Internet users.

Kaiser culture expects net profit of about 88 million 979 thousand and 300 yuan -1.11 billion yuan in the first half, an increase of 100%-150% over the same period last year.

For the main reason for the growth of performance, the company said that the sky Jia Jia has been incorporated into the merger since June.

The main business of Tian Jia Jia is the development and operation of mobile network games. Currently, the online game products mainly include the new Legend of Sword and Fairy 3D, purification, plant vs. zombie OL and so on.

After the acquisition of Tian Jia Jia by Kaiser culture, the diversified development platform, which is mainly composed of clothing and online game industry, supplemented by the financial industry, has been gradually constructed, and the pformation and upgrading and structural adjustment have been speeded up by three wheel drive.

Vigna S expects net profit growth of 50%-120% in the first half of this year.

The company said the merger was mainly after the acquisition of TeenieWeenie.

GF Securities research report pointed out that after the acquisition of TeenieWeenie, it enriched the Vigna S brand matrix, formed synergy among customers, design, production and channels, and greatly increased the company's profits, providing stable cash flow. Through learning its pnational operation experience, it steadily promoted the international development of the company.

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