Textile And Garment Industry Continues To Release Demand

Industry core point of view:

Last week, Shenwan textile and garment index rose 6.94%, 0.37% lower than the Shanghai Composite Index, ranking 20th in the rise and fall of 28 primary industry indexes of Shenwan. In the sub plate, other textiles and home textiles performed better, up 11.58% / 10.77% respectively. Sanmao B shares, Yanjiang shares, Meierya rose first. In the short term, the epidemic situation has been gradually controlled, and the demand for textile and clothing is expected to be further released. In the medium and long term, the epidemic has prompted more and more people to pay attention to physical health and physical exercise. In the future, with the increase in the number of people going out for activities and the formation of exercise habits, the demand for sports clothing is expected to usher in a strong rebound, and continue to be optimistic about the leading enterprises of high-quality sports clothing which are affected by the epidemic and have fallen.

Key investment points:

Market review: last week (July 6 - July 10), Shenwan textile and garment index rose 6.94%, ranking the 20th in the 28 primary industry indexes of Shenwan. From the beginning of the year, Shenwan textile and garment index has increased by 3.02%, ranking 22nd among the 28 primary sub industries of Shenwan. In terms of secondary sub plate, textile manufacturing last week was 7.38%, clothing and home textile was 6.70%; textile manufacturing since the beginning of the year was 1.41% and clothing home textile was 3.87%. The PE value of the plate is 26.48 for textile manufacturing and 39.72 for clothing and home textile. In terms of the third sub plate, in the textile manufacturing last week, wool textile 2.03%, cotton spinning 6.43%, silk 5.35%, printing and dyeing 6.64%, accessories 5.25%, and other textiles 11.58%; clothing and home textiles, men's clothing 3.73%, women's clothing 4.35%, casual clothing 8.22%, shoes and hats 4.63%, home textile 10.77%, other clothing 8.50%.

Important events in the industry: Abroad: UNIQLO plummeted by 74%; tmlewin, a British men's wear brand, announced bankruptcy; Levi's, a US jeans brand, announced that it would lay off 700 employees. In China: hongxingerke donated 100 million yuan of clothing to help the disabled and the poor; Kute intelligent was listed on the stock market; the business scope of the wholly-owned subsidiary of La chapel was added to the business of hotel management.

Important announcements of listed companies: interest payment of convertible bonds of Hailan home; announcement of shareholders' reduction by Ruan Hua group and norbond; profit distribution announcement of berbolong, Xinye textile, Zhongqian shares, Mengjie shares, Ruan Hua group and GELIS; release of pledge of shareholders' equity of kanglongda and Huamao shares; public issuance of convertible bonds by biyinlefen.