Textile And Garment Industry: Sales Of Textile And Clothing In March Are Still In The Doldrums.

Industry's core view:

Last week, the National Bureau of Statistics announced the zero data in March, and the retail sales of clothing, shoes and hats and knitwear in the above units decreased by 34.8% compared with the same period last year, a further decline of 30.9% compared with the same period in 1-2. In March, the online retail sales of physical commodities decreased by 15.1%. In the short term, people's outgoing activities have been reduced and the total demand for clothing has been reduced due to the outbreak of the epidemic. According to the current data released in March, the sales of clothing are still in the doldrums, both online and offline. In the medium to long term, this epidemic has prompted people to form a habit of physical exercise. With the future warming up of textile and clothing consumption, it is suggested to pay attention to the high quality sports clothing enterprises affected by the epidemic situation and overfall.

Main points of investment:

Market review: last week (April 13th -4 17), Shen Wan textile and apparel index rose 0.95%, running 0.54 percentage points off the Shanghai Composite Index, and eighteenth in the 28 industry index of Shen Wan. Since the beginning of this year, Shen Wan textile and apparel index has dropped by 2.05%, which has won 4.89 percentage points of the Shanghai Composite Index and ranks fifteenth in the 28 sub sectors of Shen Wan. In terms of subdivision plates, textile manufacturing 2.83% last week, clothing home textiles -0.01%, textile manufacturing -3.64% and clothing home textiles -1.19%. The PE of the plate is estimated to be 21.81 of textile production and 27.79 of apparel home textiles.

Important events in the industry: (1) overseas: UNIQLO sales in the same store in March declined by 27.8%, Andrew Ma laid off 7000, executives cut wages by 25%, Adidas produced protective masks, received 3 billion euros of government support loans, and New Balance sued NEW? BARLUN for tens of millions of dollars; sales of sports shoes in the United States dropped by 75% compared with the same period last year, while sales of sports shoes were almost 0 in the last half month; 10 logistics distribution centers and 3 factories resumed in Zara parent company. (2) domestic: in the first quarter, the loss of Nair was close to 3 million; the first quarter net profit of Semir apparel dropped by 9, while Daphne closed 2395 stores in 2019, with a huge loss of 1 billion.

Important announcements of listed companies: Wah Fu fashion, Semir costumes, Saturday, the United States and the United States announced the performance of clothing; Nu Bang shares, Be Meleven, seven wolves, Huafu fashion, Luo Lai life released performance report; shareholders of Meng Jie share reduction; Feng Bamboo textile profit distribution; Huamao shares received government subsidies.