The Leading Clothing Brand Has Realized The Qualitative Change Of Competitiveness, And More Than 80 Domestic Textile Products Listed Companies Have Released The Three Quarterly Bulletin.

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As of November 3rd, the first three quarters of 2018, Shanghai and Shenzhen two textile and apparel Listed Companies Earnings Disclosure is coming to an end.

Statistics show that in the first three quarters of 2018, the performance of textile and garment sector remained stable.

The first three quarters,

Steady increase in textile manufacturing sector

The differentiation of each sub industry is obvious.

Sub sector, the first three quarters of 2018, 38

The operating income of listed companies was 72 billion 669 million yuan, up from 66 billion 836 million yuan in the same period last year, an increase of about 8.72% over the same period last year, and net profit of 48 billion 759 million yuan, up 46 billion 408 million yuan from the same period last year, representing an increase of 5.06% over the same period last year.

Shenyin Wanguo Securities Research Report analysis that the textile manufacturing sector in the first three quarters of the net profit growth rate differentiation: textile manufacturing sector business income steadily increased, the growth rate of differentiation.

Wool spinning, the first three quarters,

The growth rate of printing, dyeing, accessories and other textile revenue was 14.16%, 7%, 11.46%, 5.93%, 13.09% and 9.18% respectively, of which the growth rate of wool textile and accessories revenue was higher than that of last year, and the rest growth rate has declined.

In terms of net profit, the growth of sub sectors in the textile manufacturing sector is distinctly differentiated.

In the first three quarters, the net profit growth rate of cotton spinning, silk and printing increased to 13.31%, 19.08% and 20.60% respectively compared with last year's growth rate.

The growth rate of other textile net profit decreased by 22.33%, 1.46% and 36.22% respectively compared with that of last year.

In the first three quarters of 2018, 51 clothing and home textile listed companies achieved operating income of 127 billion 449 million yuan, compared with 117 billion 866 million yuan in the same period last year, and the net profit attributable to the owners of the parent company was 10 billion 305 million yuan, compared with 10 billion 26 million yuan in the same period last year.

Shenyin Wanguo Securities Research Report Analysis, clothing home textile sector revenue, net profit growth slowed down: in the first three quarters of 2018, casual wear, women's clothing, home textiles revenue maintained a relatively rapid growth.

Among them, casual wear maintains a more robust 18.73% revenue growth; women's clothing revenue growth is 12.52%, the growth rate has declined compared with last year; home textiles achieved 14.22% of revenue growth; men's clothing achieved 9.47% of revenue growth.

Quarterly view, the overall retail sales growth downward, so that the three quarter of clothing, home textiles and other sectors revenue growth showed a significant slowdown.

Net profit, the first three quarters of casual wear, home textiles,

The growth rate of shoes and hats has picked up compared with that of last year. Among them, the net profit of casual wear and home textiles in the first three quarters increased by 24.10% and 23.58%, respectively. The net profit of women's clothing reached 8.73%, and the net profit of men's clothing, shoes and hats and other garments still decreased compared with the same period last year.

According to the quarterly view, the apparel home textile sector showed a significant decrease in net profit in the fourth quarter of last year, or related to the elimination of inventory. The growth rate in the first quarter of this year resumed along with the change in the Spring Festival. In the two or three quarter, the growth rate of retail sales of social consumer goods slowed down.

Leisure apparel performance brilliant

The trend of optimization and adjustment

In the textile and apparel listed companies that focus on the three quarter net profit is still slowing down. 32 companies only have 13 growth in the three quarter, including Hai Lan home, Semir apparel, YOUNGOR and so on, and 25 companies still maintain positive growth in the three quarter.

Daily broadcast fashion, modern Boulevard and animal husbandry 3 companies did not increase profits, net profit respectively loss 53.64%, 51.12%, 17.96%, respectively, its loss range has been significantly expanded compared with the time in the middle of the day, the daily fashion is more than the net profit loss from 28.97% to 53.64%.

La Natsu Bell, the noble bird, the red bean stock and the Pathfinder 4 enterprises suffer double loss of revenue and net profit, among which the largest loss of revenue is the Pathfinder, down 36.48% compared with the same period last year. The biggest loss of net profit is the "noble bird", down by 89.14%.

Among them, the first three quarters of the revenue of more than 10 billion yuan for the business of Hai Lan, and then the revenue of over 5 billion yuan of enterprises, 3 are Semir clothing (revenue 9 billion 764 million yuan), La Natsu Bell (revenue 6 billion 201 million yuan), and the United States dress (revenue 5 billion 547 million yuan).

In the first three quarters, there were 2 enterprises with net profit exceeding 1 billion yuan, namely, Hai Lan's home (net profit 2 billion 628 million yuan), Semir clothing (net profit 1 billion 272 million yuan), and 15 enterprises with net profit of over 100 million yuan, namely YOUNGOR, di Su fashion, nine Mu Wang, Taiping bird, Song Li Si, An Zhengshi Shang, La Natsu Bell, seven wolves, biblin, Lanzi stock, red bean stock, starting stock, Vigna S, search special, and Bo Bao dragon.

Dongguan securities analysts believe that Hai Lan home, Semir clothing, YOUNGOR and other business channels have been adjusted to further enhance the efficiency of store operation, mining market growth space.

From the point of view of performance, La Natsu Baerga and the United States have been unable to enjoy the dividends of the three - five line cities.

In addition, inventories have a certain growth momentum. The Pathfinder has a large deviation from actual sales demand due to the deviation in the procurement planning and sales planning.

As for the reasons for the change of net profit, you see, first, because of the rising cost of production factors such as raw materials and labor costs, the output of independent brand of the company has declined compared with the same period last year, resulting in a rise in the fixed manufacturing cost of unit cost allocation.

The two is to provide subsidies, discount and other supporting policies to dealers instead of short-term financial support, and further dilute the gross profit of the brand.

The three is the laying of retail stores under the international brand line of Jay, which has led to a rise in operating costs during the reporting period.

The four is the operation and development of the new brand of expensive bird, which leads to the rise of management fees, R & D expenses, and the rise of financing costs, so that the financial costs continue to rise.

Traditional leader "double 11" force

Annual report is more pleasant.

In the context of the overall improvement in the three quarter results of textile and apparel listed companies, some of the 2018 annual reports have been announced with satisfactory results.

At present, 37 textile and clothing listed companies have disclosed the 2018 annual report performance notice, 29 company's performance is predominant, accounting for nearly 8 percent.

Among them, the annual net profit of YOUNGOR's annual report increased by 1000% over the same period, which is expected to reach 10 times. It is in the first place, and 8 companies, including Siu Nu, Ji Xi bird, Meng Jie shares, many likes, shares, Xingye technology, Mei Bang clothing and Saturday, all expect annual net profit to double, up 309.33%, 260%, 210%, 140%, 126.51%, 120%, 116.4% and 108.52%, respectively.

In addition, the annual net profit of Ruyi group, Georges white, Semir costumes, Jiaxin silk, and Blair, etc. is also expected to grow by 50% and above by 76.22%, 60%, 50%, 50% and 50% respectively.

This year, "double 11"

The sales situation provided support for the annual report.

In the three quarter, the online sales performance of the sports shoes and clothing plates and casual wear plates in the "double" 11 period was outstanding.

Anta sports, Lining, "double 11" electricity supplier sales growth rate of more than 60%, Semir clothing, Anta sports as a representative of the multi category, multi brand Brand Company sales growth of electricity providers to maintain relatively good growth, "double 11" sales growth rate of water to maintain high growth.

Industry analysts believe that the traditional line strong brand performance is better than the Amoy brand, online sales competition is more intense, the traditional strong leading brand online channels still have competitive advantage.

All of these have become an important support for the strong upward movement of the plate.

For the future development trend of the textile and garment sector as a whole, Guosheng Securities believes that after pre adjustment, quality enterprises have achieved qualitative changes in product end, brand operation strategy and channel layout. Quality high-end Brand Company, sports shoes and clothing industry leading terminal sales performance is better than the industry average level.