Weekly Report Of Textile And Garment Industry: Short Term Pressure On Clothing Consumption

This week, the textile and garment sector rose 0.26% last week, and the industry lost 0.58 percentage points in the Shanghai and Shenzhen 300 index. From the rise and fall, it ranked twentieth in the 29 first-class industries of CITIC.

At present, the overall consumption environment is under pressure. However, we believe that raising the threshold of personal income tax and implementing the deduction policy this year will help stimulate the consumption potential of residents and promote the consumption of clothing. It is suggested that the industry leaders who are expected to maintain growth in the whole year will be concerned.

On the other hand, some domestic textile manufacturers actively promote the pfer of production capacity. We believe that setting up factories in Southeast Asia and other Southeast Asian countries is expected to bring advantages to tax revenue, labor force and customer import tariffs for textile enterprises, which will help reduce international logistics costs, reduce international trade barriers, enhance cost competitiveness, and enhance competitiveness in the global market.

Under the fluctuation of exchange rate, it is recommended to focus on the quality of manufacturing enterprises whose orders are more stable and actively expand Vietnam's capacity and performance is expected to continue to improve.

Semir clothing: Barbara City occupies the first place in the children's wear industry, and the business of casual wear has steadily increased.

We will expand the field of e-commerce and actively arrange shopping center channels to cater for the trend of young people.

Taiping bird: product, channel upgrade, stock age optimization.

Vigorously expand the field of electricity providers, and Tmall to carry out new retail strategy cooperation, plans to achieve online retail sales of two billion by 2020.

Geus: focus on creating high fashion group, multi brand layout, brand in the channel development, marketing promotion, product planning, supply chain management and other aspects of synergy, rapid increase in performance.

An Zheng fashion: the main brand nine posture steadily grows, gradually cultivates new brands.

The acquisition of 70% stake in ritual information is expected to help the company layout children's clothing and maternal and child industries, enhance the operation capacity of the electricity supplier, while thickening performance.

Fuanna: leading domestic and high-end textile enterprises are expected to benefit from industry concentration.

Pay attention to product research and development, and have strong channel management ability.

We will continue to deepen the layout of large household areas and develop synergy with home textiles business.

Kin Sheng group: abundant orders, excellent customer resources.

Vietnam is planning to build a production base for cotton socks and seamless underwear, and its performance is expected to continue to expand with the further expansion of capacity.

Huafu fashion: deep ploughing Xinjiang, enjoying the advantages of resources, location, policy and so on.

Promoting the layout of Vietnam's production capacity will help enhance the competitiveness of our global customers.

In 2018, cotton futures hedging profit is expected to increase by pre tax profit of 66 million 310 thousand yuan.

Risk suggests that economic environment changes lead to a downturn in clothing consumption; exchange rate fluctuations; cotton prices fluctuate; new brand development is less than expected.