Textile And Apparel Industry Weekly: 1~2 Month Textile Clothing Exports Fell By 12%

Weekly market review and views

Last week, the Shanghai Composite Index, Shenzhen stock index and Shanghai and Shenzhen 300 fell 0.81%, up 2.14%, or 2.46%, while the textile and garment sector rose 1.61%, of which the textile sector rose 1.28% and the clothing sector rose 1.84%.

According to the General Administration of customs, China's total exports decreased by 11.62% in February, which slowed down 98PCT compared with the same period last year, or because of the interference of the Spring Festival factor and the high base number last year. 2019.

Excluding the influence of spring, the total export volume of China's textile and clothing decreased by 11.61% compared with the same period last month, 1~2 slowed down 9PCT compared with the same period last year.

Since November, the growth rate of textile and clothing exports has slowed down, and the total export decline has been falling for two months in the 19 years. In general, China's textile and clothing exports are subject to the weakening export environment and the Sino US trade negotiations have not yet fully landed to affect the enthusiasm of the downstream orders. The follow-up trade negotiations still need to be observed in the 18 years.

In 2019, the first beauty brand innovation conference was held in Guangzhou. The 2018 most influential Top50 domestic beauty makeup brand analysis report was released. The main conclusions of the report are: 1) in 2018, the voice volume of Internet consumers in the second half of the year was higher than that in the first half of the year, especially the voice of national brands increased by 13.5% compared to 18H2 18H1.

2) in skin care, facial mask is the most concerned category in skin care products.

3) lipstick is becoming more and more favoured. Cosmetic products with skin care effects / ingredients are more popular.

We believe that the cosmetic industry is generally in its growth stage, and skin care, make-up and other sub categories have successively started.

A number of local brands have grasped the opportunities and development of the industry for a long time. They have a certain scale of volume and occupy the first mover advantage. At the same time, the industry continues to grow at a high level, and changes in demand and marketing environment bring challenges to the traditional local brands and bring new opportunities for new brands.

Short term terminal retail weakness affects the retail performance of the industry, and the differentiation of local brands shows that it is concerned about local marketing and strong local brand developers.

News dynamics of industry companies

BELLE will split its sportswear separately IPO; XTEP joint Wolverine invest 310 million yuan to set up a Chinese joint venture company, distribute Saucony and Merrell shoes; Farfetch announced the first financial year after the listing, the total paction volume of the first fiscal year was $1 billion 400 million; Gap Group acquired $35 million to bankrupt the golden baby group's children's wear brand JanieandJack; the virgin parent company announced 19 years to close 53 stores.

Restructuring: on Saturday, it intends to buy a 88.56% stake in the network by issuing shares and cash.

Foreign investment: starting from the 7 million 600 thousand of its own capital and the joint venture of Lishui and China, the company started its own venture.

Shareholders increase or decrease: holders of shareholding above 5% of the shareholding plan will not exceed 28 million 450 thousand shares in 6 months, accounting for 6%; and Sanfo outdoor shareholders will not reduce more than 6 million 728 thousand shares in six months, accounting for 6%.

Industry data aggregation

328 grade cotton spot 15555 yuan / ton (+0.24%); American cotton CotlookA81.25 cents / pound (+0.49%); viscose staple fiber 13050 yuan / ton (-2.25%); polyester staple fiber 8910 yuan / ton (+1.95%); long staple cotton 25200 yuan / ton (-0.79%); inside and outside cotton price difference 385 yuan / ton (+25.41%).

Risk warning: terminal consumer demand is weak; exchange rate fluctuations risk; cotton prices fall or fluctuate significantly; some companies lift pressure.