The Third Quarter Report Of Listed Textile And Clothing Companies Disclosed That The Head Enterprises Showed A Promising Growth In The Single Quarter

As of January 4, 2021, the third quarter report of 2020 of 64 textile and clothing listed companies in Shanghai and Shenzhen, which was concerned by the reporter of China Textile News, has been disclosed. The performance report shows that the operating income of 12 companies and the net profit attributable to shareholders of listed companies increased, while the operating income of 40 companies and the net profit attributable to shareholders of listed companies decreased.

The industry prosperity gradually recovered

According to the statistics of net profit growth attributable to shareholders of listed companies, there are 18 companies with net profit growth, and 10 companies with net profit growth of more than 30%. Net profits attributable to shareholders of listed companies of Jiangnan High Fiber, Jialinjie, Huasheng Shares and Nanfang Shares increased rapidly, respectively 317.43%, 274.85%, 220.13% and 112.04%; The net profits of Youngor, Huafeng Super Fiber, Taipingniao, Baoxiniao, Hengli Petrochemical and Huafang Shares attributable to shareholders of the listed company increased by more than 30%, respectively 81.48%, 52.52%, 50.04%, 47.38%, 45.16% and 32.66%.

According to the statistics of net profit decline attributable to shareholders of listed companies, there were 39 companies whose net profits declined, and 25 companies whose net profits declined by more than 30%. The net profits attributable to shareholders of listed companies of Huasi, Jilin Chemical Fiber, Toread, Zhongtai Chemical, Annell, Meibang Garments, Shanghai Sanmao, Huafu Fashion, Sinovel and ST Modern decreased significantly, which were 865.43%, 357.01%, 282.80%, 202.99%, 202.68%, 196.78%, 173.88%, 159.84%, 130.60% and 128.29% respectively; The net profits attributable to shareholders of the listed company of Sanyou Chemical, Lutai Textile, Sima Garments, Sungrow Shares, Souyute, Dongfang Shenghong, Jinlun Shares, Shenma Shares, Xinfengming, Xinxiang Chemical Fiber, Septwolves, Langzi Shares, Kaikai Industry, Jinfa Rabbi, Hailan Home decreased by more than 50%, respectively 93.88%, 83.73%, 83.48%, 81.25%, 80.20%, 80.16%, 77.29%, 76.62% 76.51%、74.76%、69.81%、68.18%、61.32%、51.12%、50.69%。

The data shows that from January to August 2020, the total retail sales of social consumer goods decreased by 8.6% on a year-on-year basis, 1.3 percentage points higher than the growth rate from January to July. Among them, clothing, shoes and hats, needles, and textiles decreased by 15% on a year-on-year basis, 2.5 percentage points higher than the growth rate from January to July, respectively. The overall retail sales and clothing sales increased by 0.5% and 4.2% respectively in August, which is the first time that the epidemic situation in 2020 has turned positive.

According to the analysis of Haitong Securities, although the negative impact of the overseas epidemic on the global economy is developing in a long-term and structured way, the repair process of China's economy is not only stable in terms of total amount, but also gradually improved in terms of structure. The main reason is that some overseas countries have gradually resumed normal operation, and the demand for textile and clothing commodities has increased. The epidemic situation of some small overseas economies is still unclear. Manufacturing orders have been transferred to China. China has well controlled the epidemic, and manufacturing enterprises have started in full swing. At the same time, because of the integrity of the industrial chain, it is able to undertake downstream orders.

Leading enterprises continue to maintain high growth

A number of companies with outstanding performance in the first half of the year continued to maintain the growth momentum in the third quarter, and the growth momentum of many leading enterprises in a single quarter was even more gratifying.

Jiangnan High Fiber, with rapid growth in net profit and strong growth momentum, achieved revenue of 220 million yuan in the first three quarters, down 19.7% year on year and 52.6% month on month; The net profit attributable to the parent company in the single quarter increased by 64.9% year-on-year to 38.647 million yuan, down 75.9% month on month. The net profit deducted in the single quarter was 32.282 million yuan, up 38.1% year-on-year. During the reporting period, the company's net profit increased significantly by 317.4% to 210 million yuan, achieving a remarkable growth in performance. In addition, excluding the impact of non recurring gains and losses and other factors, the core profit contribution of the company during the reporting period was 95.2%, with strong growth momentum.

Jialinjie, whose revenue and net profit have increased, is mainly engaged in the traditional advantageous industries, namely the research and development of medium and high-end weft knitted functional fabrics and clothing, and provides customers with high-quality services in the whole industrial chain of weaving and dyeing clothing. During the reporting period, affected by the COVID-19 epidemic, the company took many measures to overcome the difficulties. On the one hand, it kept close contact with customers, stabilized the original orders of major customers, and increased the development of the domestic market to maintain the overall market share of the original main business. On the other hand, it actively distributed the production of anti epidemic items such as masks and protective clothing during the epidemic period, It has found a new breakthrough point for the development of the company and realized the growth of the company's operating performance under the disadvantage.

Huasheng Co., Ltd. is mainly engaged in the production, sales, import and export of ramie spinning, weaving, printing and dyeing, clothing and medical machinery. In the first half of 2020, the company achieved a revenue of 463 million yuan, down 13.09% year on year; The net profit attributable to the shareholders of the listed company was 21.9304 million yuan, turning loss into profit over the same period last year. In the first three quarters of 2020, the growth trend continued, with a net profit of 31.7559 million yuan, up 220.13% year on year.

Clothing listed companies are going well

From the perspective of different industries, online sales in all industries in September accelerated compared with August, among which sports apparel and home textiles realized prominently. Affected by the epidemic, offline sales of clothing enterprises are sluggish, and overweight online has become the choice of most clothing enterprises. Active marketing has significantly boosted offline sales of clothing. In particular, the leading sports brands, digital transformation and online consumer operation have achieved good results. In the semi annual report, the clothing listed companies, which were deeply affected by the epidemic and dragged down their performance, seem to be gradually recovering in the second half of the year.

Among them, Kute Intelligent, which achieved double growth in revenue and net profit, has seen its operating revenue increase by 28.04% year on year in the first three quarters, and the net profit attributable to shareholders of listed companies increase by 8.77% year on year. Kute Smart explained that the main reason for the performance changes in the reporting period was that the company actively engaged in the production and sales of epidemic prevention materials after the outbreak of the epidemic, and achieved good performance. Therefore, the profit by the end of the third quarter increased compared with the same period last year.

In the first three quarters, the company realized a total operating income of 510 million yuan, up 15.28% year on year; The net profit attributable to shareholders of the listed company was 49.5419 million yuan, up 16.66% year on year. The relevant person in charge of Makadi said that the company's main business is the design, production and sales of camping tents, outdoor clothing and other outdoor supplies. This year's epidemic has made people pay more attention to their health and actively participate in outdoor sports.

Taipingbird's revenue in the first three quarters of 2020 increased by 10.35% year on year; Net profit attributable to shareholders of listed companies increased by 50.04% year on year. The announcement shows that the company will continue to increase the proportion of e-commerce business in the first three quarters of 2020 in combination with the macroeconomic situation and market changes under the epidemic, and actively promote new social retail channels such as small programs and online celebrity live broadcast; At the same time, the focus on operation and the improvement of store profitability and operation quality led to the growth of online and offline omni channel revenue, of which online revenue increased by 29.77% year on year.

Youngor disclosed its third quarter report that the company's revenue in the first three quarters of 2020 was 8.66 billion yuan, up 26.1% year on year; The net profit in the first three quarters was 5.584 billion yuan, up 81.48% year on year. During the reporting period, the Company sold 220 million shares of Bank of Ningbo accumulatively, and realized a net profit of 3.556 billion yuan in the investment sector.

As the terminal retail of Baoxinniao's brands recovered in the second half of the third quarter, the company's net profit in the third quarter increased by 141.19% year on year, driving the cumulative net profit from a slight increase of 3.98% in the first half of the year to a year-on-year increase of 47.38% in the first three quarters.

According to the analysis of Haitong Securities Research Newspaper, the main reasons for the gradual recovery of clothing listed companies lie in: first, the restart of stores that were suspended in the early stage of China, and the impact of the epidemic gradually weakened; Second, clothing enterprises actively layout online channels, launch small programs, micro malls, etc. to improve consumer stickiness; Third, consumption vouchers were introduced to stimulate consumption, and clothing consumption also benefited.