Textile And Garment Industry: The Arrival Of Peak Sales Season And The Impact Of "Cold Winter"

Industry core point of view:

Last week, Shenwan textile and garment index fell 1.86%, 2.76 percentage points lower than the Shanghai Composite Index, ranking 21st in the rise and fall of 28 first class industry indexes of Shenwan. Xingye technology, xunxing shares and jiumuwang were among the top gainers. In the short term, the domestic epidemic situation is well controlled, and foreign orders are transferred to China. At the same time, the domestic textile and clothing industry ushers in the peak sales season, and this year's "cold winter" impact. The market demand will continue to release, and the fundamental repair situation of individual stocks will be further improved. 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 coming back, and we will continue to look forward to the leading enterprises of high-quality sports clothing that have been oversold by the epidemic.

Key investment points:

Market review: last week (November 23 - November 27), the Shenwan textile and garment index fell 1.86%, 2.76% lower than the Shanghai Composite Index, ranking No.21 in the 28 primary industry indexes of Shenwan. Since the beginning of the year, Shenwan textile and garment index has fallen 1.70%, which is 13.45 percentage points lower than the Shanghai Composite Index, ranking 27th among the 28 primary sub industries of Shenwan. Second sub plate, textile manufacturing last week - 1.18%, clothing and home textiles - 2.25%. PE value of the plate is 31.80 for textile manufacturing and 43.88 for clothing and home textile. In terms of the third sub sector, in the textile manufacturing last week, wool textile 2.97%, cotton spinning-1.39%, silk 2.30%, printing and dyeing-1.68%, accessories 5.02%, and other textiles-4.84%; in clothing and home textiles, men's wear-1.97%, women's wear-5.19%, casual wear 0.03%, shoes and hats-6.12%, home textile-1.90%, and other clothing-0.91%.

Industry important events: Overseas: "black five" is affected by the epidemic situation and online shopping risk, and its achievements are still to be seen; in order to reduce waste, weather forecast helps Japanese clothing industry; domestic: underwear market financing tide and closing tide fly together, a large number of Internet underwear brands rise; foreign clothing brands gradually withdraw from the domestic market, and local brands take advantage of the "new country tide" development momentum Strong.

Important announcements of listed companies: reduction of shares of vice president of mercury home textile; transfer of equity of general manager and directors of SEMAR clothing; change of chairman and Director Secretary of Hailan home; equity pledge of SEMA clothing and Mengjie shares; additional issuance of kairun shares and Huafu fashion shares; acquisition of 100% equity of Jining Ruyi brand by Ruyi group.