Indian Home Textile Orders Can Not Be Delivered, Textile Industry Market Turmoil

Recently, according to the professional website of dyeing and finishing, in recent months, due to the spread of new crown pneumonia, many large export-oriented textile enterprises in India have been unable to guarantee the normal delivery. Many orders originally produced in India have been transferred to China for production, among which the orders for towel and bed sheet are relatively large.

Subsequently, China's textile network also spread interest, which led to many domestic garment manufacturers' orders have been arranged to May next year. According to the data, the textile and clothing index has risen by 9.6% since September 30.

In view of whether Indian textile orders are flowing to China and whether there is a substantial increase in export orders of domestic enterprises, Jujie microfiber, wanlima, Bailong orient and Kute intelligent have indicated that there has not been a surge in export orders recently.

Although the export performance of the textile industry is excellent, for some return orders, the textile and clothing industry generally judges that it is "emergency order". For enterprises, the expansion may lead to the increase of production costs. Whether the overseas return orders have continued life and whether the enterprises have the risk of overcapacity are still the problems that the industry must consider carefully.

Bailong Orient (601339) is one of the first enterprises to enter the color spinning industry in China. As a high-quality color spinning company, Vietnam's production capacity of 500000 tons was released smoothly. The company invested another 500000 tons of spindle production capacity. In 2017, it exported 2.503 billion yuan, accounting for 44.29% of the total revenue.

Jujie microfiber (300819): the company's main business is the R & D shovel sales business of superfine composite fiber fabrics and finished products, with overseas business accounting for 71.79%, benefiting from the depreciation of RMB. The company is a new IPO, which is easy to obtain market funds.

Wanlima (300591): wanlima brand has become one of the most influential and recognized national brands in China. Since its establishment, the company has been adhering to the marketing concept of medium and high-end brands, committed to the promotion of terminal image, and established medium and high-end brands in domestic famous shopping malls, shopping centers and airports, and the terminal brand has become the core and most valuable intangible assets of the company.

Huafang (600448): the company takes printing and dyeing processing as its main business, forming a diversified development mode including spinning, clothing, home textile products, textile trade brand development, "B2B" platform, financial investment and thermal power. The company continues to improve. The strategic layout of "one body, two wings". The company has established a marketing network covering the main domestic textile markets and some international markets such as North America, Africa and Southeast Asia. Focus on the international market trends, and jointly develop and promote new products; have a stable market share.

Goliath (603808): the company has established retail channels in Hong Kong, Shanghai, Beijing and other metropolis where fashion industries gather, forming a sales network covering the core business areas of major cities in China. The subsidiary baiqiu e-commerce has rich practical experience in the operation of medium and high-end fashion brands, and now operates nearly 40 international famous brands, including Pandora Tissot, Clarks, maje, Sandro, c.pu Kipling and Elle, and will continue to introduce new brands.