The Confederation Of Chinese Textile And Apparel Companies Will Be Held In Beijing In 2019.

With the reform and development of China's capital market, there are more than 300 textile and garment enterprises in China's capital market. The textile and garment sector has become an important part of the capital market. In October 30th, a federation of Chinese textile and apparel companies in 2019 was held in Beijing to serve and guide the healthy development of the listed companies in the domestic textile and garment industry, and to strengthen the interaction and cooperation among various listed companies in the industry, further improving the quality of the development of listed companies and enhancing the core competitiveness of enterprises.

The annual meeting will be guided by China Federation of textile industry, sponsored by China Textile planning and Research Institute and China Textile Construction Planning Institute, and hosted by the Secretariat of the Confederation Secretariat of China's textile and garment industry. With the theme of "promoting high quality development and enhancing the influence of the plate", the annual meeting analyzed and summarized the current development of China's national economy and capital market, and the economic operation of the industry. At the meeting, it also released the list of 2018 comprehensive performance ranking companies of textile and clothing enterprises in Shanghai and Shenzhen two in the year of ten, the report on the development of textile and clothing companies in 2018 and the performance evaluation report of the ten listed companies in the first half of 2019.

Li Jincai, Deputy Secretary General of the China Textile Industry Federation and director of the Department of industry development, said in his speech that the listed companies in China's textile and garment industry are the concentrated representatives of innovative enterprises and the leading enterprises in various professional fields in the industry. Facing the "new environment", it is of positive significance for listed companies to play a leading role in their respective fields, to play a catalytic role in the transformation and upgrading of industrial structure, to stimulate endogenous motivation, and to promote the development of high quality economy.

Since its establishment two years ago, the secretaries general has carried out fruitful work and constantly promoted the new path of textile and apparel listed companies to explore new development. Among them, the "textile and garment industry listed company evaluation system" developed by China Textile Planning Research Association can evaluate the performance of listed companies scientifically, and judge the operation and development trend of listed companies, so as to provide basis for issuing ranking of textile and apparel listed companies. Li Jincai pointed out that "friendship and communication, cooperation and win win, innovation and development, and dedication to society" are the focus and purpose of the secretaries general. On this platform, the listed companies of textile and clothing should communicate and learn from each other, learn from each other, expand their contacts and complement their advantages, so as to achieve win-win cooperation and promote healthy and sustainable development of the industry.

Feng Dehu, chairman of Dong min Lian, made a report on the operation of the textile and apparel listed companies. In 2018, there were a total of 166 Textile Listed Companies in Shanghai and Shenzhen two cities, including 81 main board, 72 small and medium board, and 13 gem enterprises. Listed companies play a decisive role in the development of the industry, accounting for 0.45% of the total industry, accounting for 35% of the assets, accounting for 20% of the total revenue, and the profit ratio exceeds 1/4. It is the positive force to maintain the smooth operation of the textile economy and play a leading role in the whole industry.

The overall situation of the listed companies in Shanghai and Shenzhen two cities in 2018 was basically sound and reasonable. On the whole, earnings of listed companies continued to grow, but earnings growth slowed down; asset size continued to expand, and the structure was basically rational; the proportion of liabilities increased slightly, and short-term liabilities increased significantly; R & D investment increased significantly, resource allocation was more optimized; operating costs continued to rise, taxes increased year by year; profitability and profitability decreased overall, and the industry entered sub-health state; market value and scale decreased.

For the first 8 months of 2019, the profitability and profitability of the textile listed companies in Shanghai and Shenzhen two cities were generally good, although the health index declined, but within reasonable limits. Feng Dehu said that in recent years, the overall development trend of the textile industry is better. However, due to the macroeconomic level, trade environment, cost factors and consumption structure transformation, the valuation of listed companies has declined, and market value maintenance should be emphasized.

At the meeting, Wang Chunsheng, Deputy Secretary General of the China Textile Planning Research Association, released the list of the top ten of the 2018 comprehensive performance of the listed companies of textile and clothing in Shanghai and Shenzhen two, and the three largest single indexes in the mid 2019.

In this annual meeting, we invite investment analysts and investment analysts from the investment bank and industry to give a keynote speech on strengthening the market value management, reducing the deviation between value and price, and enhancing the influence of textile and garment sectors in Shanghai and Shenzhen two cities.

Liang Yong, director of the fashion consumption group of CITIC Securities Investment Bank, discussed with the participants of the market value management of the textile and garment sector. He first made an analysis of the domestic and foreign capital market environment, then made a re examination of the textile and garment sector in recent years, and finally introduced the market value management tools affected by different factors, and shared the experience of market value management from the perspective of investment banks through a large number of cases.

Yang Wei Chao, director and vice chairman of Xingye securities investment bank headquarters, delivered a speech on "market value management strategy and capital operation of Listed Companies in the textile industry". First, he analyzed the concept of market value management, introduced the implementation of management strategy and capital operation in detail, and interpreted the successful cases of CITIC Securities, suning.com, Nike and the company in recent years.

At the meeting, Tian Lin, Secretary of the board of life, Chen Yang, Secretary of the board of directors of the company, Chen Yang, Secretary of the board of directors of the Jingwei Textile machinery, Luo Zhaohui, Secretary of the board of directors of Beijing Huamao, Ying Ying, Secretary of Taiping bird securities affairs, Zhang Keming, Secretary of the board of directors of Ru Tai, Zhang Chengsi of Semir clothing and securities affairs, director of Hong Kong stock investor relations, Secretary of the board of directors of China International Group, and Dai Tao, the Secretary of the board of directors of new China, spoke in a lively manner to share common problems and common difficulties in the course of the development of exchanges.

Chairman Feng Dehu also briefed the Secretariat on the work of the league in the past year. In 2018, the Secretariat mainly compiled the "2018 annual report on the development of textile and clothing listed companies". It participated in the research and issued the action plan for the three years of China textile joint production and integration, and participated in the first textile industry integration conference held at the Shanghai Stock Exchange. Third, we visited some of the alliance enterprises to investigate the theme of the alliance's concern. In addition, the Secretariat of the League also actively crossed the border to learn some experiences of energy conservation and emission reduction in other industries, and did related work for the textile and garment industry to solve the problem of zero emissions and emission reduction, and to introduce solutions to different industries. He said that in the coming year, the Secretariat will make more efforts to visit, listen and coordinate resources to enhance communication and discuss more problems. It is generally suggested that we should strengthen the core competitiveness of products, clear strategic positioning, attach great importance to market value management and optimize brand image, so as to enhance the competitiveness of enterprises and promote the development of high quality industries.

The annual meeting will be chaired by Yu Yizheng, executive vice president of China Textile Planning Research Association.