Textile And Garment Industry: Continue To Recommend The Electricity Supplier And Sports Industry Chain Leader.

Core combination: Antarctic electricity supplier, open run shares, Anta sports, Lining, Tao Po, Shenzhou International

1, electricity supplier portfolio: Antarctic electricity supplier, Kai Run shares

2, the leading combination of sports industry chain: Anta sports, Lining, Tao Po, Shen Zhou International.

3, the beneficiary of the epidemic: the state shares.

This week refers to 2020.6.1 - 6.5, and last week refers to 2020.5.25 - 5.29. )

Industry information update: 618, promotional activities were effective; sports brand sales gradually resumed in May.

618 the sales promotion effect is remarkable. The electricity supplier accounts for the higher Antarctic electricity supplier and the opening shares. As at 10 o'clock in June 1st, the turnover of Tmall increased by 50% over the same period last year. Sales of many brands, such as apple, Nike, ADI, GREE, Paris L'OREAL, Estee Lauder, AUX, glory, Dyson and so on, broke through 100 million yuan, and the scale of the "billion club" is expanding rapidly. 。 As of June 4th, Tmall has issued 1 billion 620 million consumer coupons. Tmall is expected to issue more than 14 billion yuan of cash coupons and subsidies in 618.

Sportswear sales resumed rapidly in May: as of June 4th, all stores in the Greater China region (Adidas) have resumed business, and their sales revenue grew faster in May, and the recovery was better than expected. The company expects Q2 sales in Greater China to return to the same period in 2019. In addition, the overall sports apparel industry in May showed a rapid recovery trend.

Since mid April, the demand for the disease has pushed up the price of Spunlaced Nonwovens Market: the leading company of the good industry, the noble shares, the company has raised the price of products since May, and the gross profit margin is expected to further improve.

Continue to recommend electricity providers occupy a higher target: Antarctic electricity supplier, Kai Run shares

1) Antarctic electricity supplier: the 618 pre-sale effect is remarkable. It is estimated that the GMV growth rate will exceed 50% in the first week of June, and the total growth rate in the two quarter will be about 45%. As the 618 activity continues to boom, GMV is expected to maintain a high growth rate in June.

2) Kai Run shares: as Beijing lifted restrictions on entry of Hubei personnel to Beijing in June 5th, domestic travel resumed acceleration, and sales volume of the company was expected to grow faster during the 618 period.

Continue to recommend sportswear and foundry standard: Anta sports, Lining, Shenzhou International.

1) Anta Sports: it is expected that the number of units in Q2 Anta brand will decline, and FILA is expected to achieve positive growth.

2) Lining: during the May Day holiday, the growth rate of the offline water reaches a high single digit. After May 1, the recovery situation is more volatile. It is estimated that the number of units in the whole line will increase in May. The online water supply in May is basically in line with the expected growth rate of about 20%-30%, and the number of units will be increased in May.

3) Shenzhou International: 6, 7 and August will be a high risk period for order adjustment. It is estimated that the volume of orders in the first half of this year will not be significantly affected: 1) the 1-5 month order was basically determined at the beginning of the year, and the production was not significantly affected by the original plan; 2) in the first half of the year, some small suppliers in Bangladesh and Mexico were not affected by the outbreak of the epidemic, and some customer orders returned to Shenzhou International.