In The First Half Of 2019, The Pressure On Textile And Clothing Listed Companies Turned Into Such A "Transcript".

As of August 22, 2019, the first half of 2019 textile and apparel companies in Shanghai and Shenzhen two cities had been released in the first half of 2019. The type of performance forecast shows that There are a total of 12 enterprises with earnings growth and profit earning. The proportion of the total reporting companies is 50%. There were a total of 10 enterprises with pre performance and early losses. The company's performance is 1. Performance or increase or decrease of 1 enterprises.

Performance preview company, According to the expected median net profit growth, a total of 8 companies had a net profit increase of over 35%. 。 Shanghai San Mao, Zhejiang Fu run, Pathfinder, Xinxiang chemical fiber, Hinur return The net profit of shareholders belonging to listed companies increased rapidly, about 526%, 265%, 230%, 180.55% and 146.67%.

Insiders believe that Combined with this year's Quarterly Bulletin and the current forecast, the overall growth of textile and apparel shows a warmer growth. In the future, leading companies continue to perform strongly, and the steady growth of market position and the premium of market share are expected to be further explored.

Textile industry transformation and upgrading is effective.

Despite the superimposed influence of market preferences, downward pressure on consumption, trade wars and the sluggish factors of textile and garment itself, many enterprises have made preparations for both sides, actively changing brand strategy and digging endogenous driving force for growth. Shanghai San Mao, which has achieved double growth in revenue and net profit, actively seeks transformation on the basis of maintaining a sound operation. The company will continue to focus on the strategic development plan of controlling shareholders, relying on existing resources, basing on modern service industry and combining existing transformation business, and selecting strategic allocation of foreign investment with strategic synergy. Earnings forecast said Net profit attributable to shareholders of listed companies increased by about 8 million 470 thousand yuan in the first half of 2019 compared with the same period last year, up by 526% over the same period last year.

On the one hand, Sanmao's performance in Shanghai has benefited from the main business. : During the reporting period, the main business of the company's security services, park property leasing and other businesses remained relatively stable. Management expenses and other expenses are effectively controlled. At the same time, due to the impact of external trade environment, foreign trade export income declined, self operated business cost increased, the company's net profit after deducting non recurring gains and losses increased by about 500 thousand yuan. On the other hand, the impact of non recurring gains and losses is: The current non recurring gains and losses of the company are about 13 million 50 thousand yuan, mainly net proceeds from the transfer of a 90% stake in Shanghai Maoming property management company, which is about 11 million yuan. The year-on-year increase in non recurring gains and losses is the main reason for the increase in current performance.

Zhejiang Fu run expects to achieve a net profit of 276 million yuan attributable to shareholders of Listed Companies in the half year of 2019, an increase of about 265% over the same period last year. ; In the first half of this year, net profit is expected to be around 91 million 850 thousand yuan, an increase of about 35% over the same period last year. The reasons for performance growth include stable growth of company's main business and increase of investment income. This includes the acquisition of Hangzhou Tai Yi Zhi Shang Technology Co., Ltd. (hereinafter referred to as "Tai Yi Zhi Shang"), and Zhejiang's "traditional industries and emerging industries" are transforming and upgrading.

On the evening of August 16th, the announcement of Zhejiang's fortune said that for the purpose of concentrating resources development data business, the company intends to increase its capital by 80 million 475 thousand and 200 yuan for its wholly-owned subsidiary, Tai Yi Zhi. After the capital increase, the registered capital of Tai Yi is changed from 19 million 524 thousand and 800 yuan to 100 million yuan.

Now, Zhejiang has finally tasted the "sweetness" of restructuring and restructuring. According to the strategic planning of core business development with centralized resources, the pace of business transformation will gradually accelerate.

Xinxiang chemical fiber, During the reporting period, the company produced 30131 tons of viscose filament and 8622 tons of viscose staple fiber. Spandex production 41613 tons 。 During the reporting period, the company's annual production of 3 * 20 thousand tons of super fine spandex fiber project two phase of the project part of the production line into production. During the reporting period, the first phase of the company's annual production of 20 thousand tons of biomass cellulose project is progressing smoothly. It is estimated that the net profit attributable to shareholders of Listed Companies in 2019 will be 65 million yuan ~7000 million yuan, an increase of 180.55%~202.13% over the same period last year. Reasons for changes in performance are as follows: With the expansion of the main products viscose filament production capacity, the company's viscose filament production and sales increased during the reporting period, and gross profit increased considerably.

High end sports and casual wear with high scenery.

Judging from the sub sectors, the performance of high-end sports and casual wear and men's wear has been commendable recently. Pathfinder performance forecast shows that Net profit attributable to shareholders of listed companies is about 79 million 600 thousand yuan ~8450 million, an increase of 230%~250% 。 Beginning in 2015, outdoor brand Pathfinder began to explore diversified development, carried out a series of investment and M & A activities, and entered the tourism and sports industry in an all-round way. By 2017, Pathfinder began to suffer large losses. According to the financial report, the net profit of the Pathfinder belonging to shareholders of Listed Companies in 2017 was -8485 yuan, a sharp fall of 151.24% compared to the same period last year. In the face of losses, the management of the Pathfinder carried out a general election, and put forward the strategy of "returning to the main business" in the 2017 annual report.

The growth of this performance also shows that the strategic decision of Pathfinder has achieved initial success. 。 For the reasons, the Pathfinder performance shows that during the reporting period, the company actively responded to the adverse factors such as economic downturn, low consumption and fierce market competition, and continued to focus on resources to consolidate the steady development of the main industries of outdoor products, continuously enhance the competitiveness of products, strengthen the promotion of brand building, quantify the following indicators of sales terminals, and timely plan the sale of goods sold over the quarter, and the main business income of outdoor products is expected to increase slightly compared with the same period last year. The company optimizes the organizational structure, further improves operational management efficiency and per capita benefits, and strictly controls budget management.

In addition, the Pathfinder's disposal of private property is expected to achieve net income of about 36 million yuan after tax, while the impact of non recurring gains and losses on net profit for the same period last year is 17 million 770 thousand yuan.

Hinur's performance forecast, which was once sold for assets, claimed that It is estimated that the net profit attributable to shareholders of Listed Companies in the first half of this year will be 4 million ~800 yuan, an increase of 146.67%~393.34% over the same period last year. 。 In this regard, Hinur said that during the reporting period, the company's tourism business layout initially formed, revenue scale growth, the company's comprehensive income continued to improve.

Guoxin Securities analysis shows that, on the one hand, Since the two quarter, there has been a marginal improvement in the data of industry and key companies. In the future, with the landing of policies such as promoting consumption and tax reduction, it is expected that the industry fundamentals will continue to recover in the second half of the year after the elimination of high prime numbers. 。 On the other hand, The division of industries has a clear division of scenery, and the quality enterprises that are in line with the current consumption trend still have a relatively good growth rate. At the same time, it is predicted that the performance of the leading companies in China Daily is better than the average level of the industry under the background of their own operation optimization. 。