2018 Profitability Of Garment Subdivision Industry, Children'S Wear And Women'S Clothing Performance Eye-Catching

There are many industries in the clothing industry, including men's wear, women's wear, children's wear and casual wear.

And other sub sectors, through the analysis of 20 A share listed companies in China, including 7 men's wear, 4 women's wear, 2 children's wear, 4 casual wear and 3 sportswear, we find that children's wear and clothing in terms of profitability

The profitability of the men's clothing industry is obviously better than that of other industries, while the men's clothing industry's performance is not satisfactory.

First, clothing industry A share listed company's revenue comparison analysis

In 2017, the total operating income of 20 A share listed clothing companies amounted to 96 billion 216 million yuan.

Among them, the majority of the company's operating income was positive year-on-year growth, and only 3 companies' revenue declined, namely, American bond clothing, Sanfo outdoor and Busen shares.

In terms of revenue scale.

In the first place, its revenue is 18 billion 349 million yuan, and the men's brand Harean's business income is 18 billion 200 million yuan, followed by it. In addition, Semir's clothing revenue for the leisure brand is also more than ten billion; the scale of the revenues of mahome, blonde Rabbi, Sanfo outdoor and Busen shares is relatively small, all below 1 billion; and the rest of the company's revenue scale is between 10-100 billion yuan.

In terms of revenue growth.

Women's clothing Vigna S grew fastest, with an increase of 2.44 times compared to the same period last year, and followed by 1.9 times the year-on-year growth rate. In addition, the company's revenue grew by 50% over the same period.

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The structure of total revenue.

The scale of leisure wear industry accounts for the highest proportion, accounting for 45.72%, followed by men's wear and women's clothing, accounting for more than 15%, and children's clothing is the smallest, only 1.52%.

This is mainly influenced by the attributes of consumer groups and the pricing of products in different sectors of the clothing industry.

Two, comparative analysis of gross profit margin of A share companies in garment industry

In the clothing subdivision industry gross margin comparison.

The gross profit rate is the highest, which has been maintained at more than 64% for 3 consecutive years. It is nearly 10 percentage points higher than that of other industries. Secondly, the gross profit margin of children's clothing industry is in second place, generally around 55%; the gross profit margin of casual wear is above 50%, fluctuating between 52-53%, and the gross profit margin of men's clothing industry is the lowest, and it is below 50% for a long time.

In the subdivision industry, the trend of gross profit margin.

The gross profit margin of women's wear and children's wear industry is relatively stable, fluctuating in the past 3 years is not large, and the fluctuation range is not more than 1 percentage points. The gross profit rate of the sports wear industry has been declining year by year, in 2017, it dropped 2.5 percentage points compared with 2015. The gross profit rate of men's wear and casual wear industry also showed a downward trend in general. In 2017, the gross profit rate of the sportswear industry decreased by 1.5 percentage points and 2.2 percentage points respectively compared with 2015.

Three, comparative analysis of net interest rates of A share companies in garment industry

In the clothing subdivision industry, the net interest rate is higher or higher.

The net interest rate of children's clothing industry is relatively high, in the first segment of the breakdown industry, long-term maintenance of over 13.7%; women's clothing industry ranked second, gross margin is maintained at more than 10%; other industries gross profit margins are lower than 10%, of which men's wear industry performance is the worst, 3 years less than 8%, and in 2016 by the modern Avenue and the two birds have a significant loss, resulting in the industry's average net interest rate negative, -1.9%.

In the subdivision industry, the trend of gross profit margin.

The average net interest rate of children's wear industry remained highly stable for 3 years, and there was a trend of increasing year by year. Other industries showed a fluctuating trend. Among them, the net interest rate of men's wear, sportswear and sportswear decreased significantly in 2016, while the net interest rate of women's clothing industry rose sharply.

Four, comparative analysis of the net asset return (ROE) of A share companies in garment industry

In the clothing subdivision industry, the ratio of return on assets is high and low.

On the whole, the net assets return rate of children's clothing industry is higher than that of other industries, reaching 19.4% in 2015. The net assets return rate of casual wear and sportswear industry has little difference, but its performance is slightly worse than that of women's clothing industry, and the net assets return rate of men's clothing industry is the worst.

In the subdivision industry, the trend of return on net assets.

Children's wear and

The downward trend is obvious. Compared with 2015, the two ROE in 2017 decreased by 8.5 percentage points and 4 percentage points respectively, while other sub sectors showed a fluctuating trend.

Five. Summary of profitability of garment segmentation industry

Overall, the gross margin of women's clothing industry is the best among the A share listed companies in China's apparel industry, while the children's clothing industry performs better than other industries in terms of net interest rate and return on net assets, while casual wear and sportswear are at a moderate level, but because of the large demand for casual wear market, the casual wear is far outperformed in other areas.

The men's clothing industry's performance indicators are not performing well.

It can be seen that the market of casual wear industry is vast, and children's wear and women's clothing industry will become the key direction of the clothing industry in the future.