Industry Stock Market: Textile Industry To Welcome The Good, Double Performance Stocks Have These

The Ministry of industry and information technology and the national development and Reform Commission issued the guidance on the high quality development of industrial textiles industry yesterday, proposing that by 2025, the industrial added value of Enterprises above Designated Size will grow by about 6%, and 3-5 enterprises will enter the first echelon of industrial textiles in the world. Scientific and technological innovation ability has been significantly improved. The proportion of R & D funds of key enterprises in the industry accounts for 3% of the main business income, the proportion of recycled fiber and biomass fiber application reaches 15%, and the CNC rate of key processes of nonwoven enterprises reaches 70%. Intelligent manufacturing and green manufacturing have obvious effects on improving the quality and efficiency of the industry, and the comprehensive competitiveness of the industry is further improved.

The foreign trade of China's textile industry continued to grow. In the first quarter, the export of textiles and clothing reached 72.25 billion US dollars, an increase of 11.2% year-on-year, and the export volume reached a record high. Among them, the textile export reached 36.57 billion US dollars, up 15.1% year on year; Clothing exports increased by 35.76 billion US dollars. In March, textile exports reached 11.83 billion US dollars, a year-on-year increase of 22.4%, which was 7.7 percentage points higher than that of China's goods exports.

In addition, the regional comprehensive economic partnership agreement (RCEP), which came into effect on January 1, this year, also provides new impetus for the development of foreign trade in the textile industry. From January to February, the industry exported 13.94 billion US dollars to RCEP countries, an increase of 10.2% year on year. In particular, the export of textile yarn and fabric increased significantly, with a year-on-year growth of 33.7% and 20.1% respectively.

Statistics show that among the textile and clothing concept stocks that have disclosed the annual report or performance forecast, according to the lower limit of the annual report or forecast, the net profit of Huali group (300979), Senma clothing (002563), Bailong Oriental (601339) and robust medical (300888) in 2021 exceeded 1billion yuan. The performance of 16 concept stocks doubled year-on-year. The performance growth of Jujie microfiber (300819), Taihua new materials (603055), Blum Oriental, Nippon fashion (603196) and Huafu fashion (002042) all increased by more than 200%.

Seven shares issued the first quarter performance report or forecast of this year. Bank of China cashmere (000982) predicted the first loss in the first quarter, and the net profit attributable to the owner of the parent company was 28.0421 million yuan in the first quarter of this year, from profit to loss. According to the first quarterly report of Luolai life (002293), the net profit attributable to the parent company was 159million yuan, a year-on-year decrease of 12.81%. Nanshan Zhishang (300918), biyinlefen (002832) and Shengtai group (605138) performed well in the first quarter. The results of the first quarter of 2022 on Saturday showed a forecast net profit of about 80 million yuan to 120 million yuan, with a range of 752.71% - 1179.06%.

Guosen Securities pointed out that after recent adjustment, the P / E ratio of most A-share related companies in the textile and garment industry is at the bottom of historical valuation. With the release of favorable signals from the policy side, it is optimistic about the fundamentals and valuation rebound opportunities under the background of historical low valuation.