Textile And Clothing Industry: Textile And Clothing Sales Continued To Improve

Industry core point of view:

Last week, Shenwan textile and garment index fell 5.01%, 0.01% lower than the Shanghai Composite Index, and ranked 17th in the rise and fall of 28 primary industry indexes of Shenwan. Bangjie shares, Sanfangxiang and * ST BUSEN were among the top gainers. Last week, the Statistics Bureau released the social zero data in June, and the retail sales of clothing, shoes, hats and knitwear fell by 0.1% year-on-year, narrowing the decline compared with May. According to the data of Taoxi platform, online sales of clothing increased strongly in June, recording a high growth rate of 45% year-on-year, among which women's wear and sports casual clothing increased significantly. Different calibre from the spinning data are showing good sales.

In the short term, the epidemic situation is gradually under control, textile and clothing demand is expected to be further released, online retail continues to improve, and online distribution strong brands usher in investment opportunities. From the perspective of the epidemic situation, people will continue to pay attention to high-quality sports clothing and exercise habits in the long-term.

Key investment points:

Market review: last week (July 13 - July 17), Shenwan textile and garment index fell 5.01%, 0.01% lower than the Shanghai Composite Index, ranking 17th in the 28 primary industry indexes of Shenwan. Since the beginning of the year, the Shenyuan composite index has lost by 2.27% in the textile industry, ranking the top 2.7% in the textile industry. Second sub plate, textile manufacturing last week - 5.60%, clothing and home textile - 4.68%. The PE value of the plate is 24.89 for textile manufacturing and 38.16 for clothing and home textile. In terms of the third level sub plate, in the textile manufacturing last week, wool textile - 0.17%, cotton spinning - 6.38%, silk - 4.71%, printing and dyeing - 0.94%, accessories - 3.20%, and other textiles - 8.80%; clothing and home textiles, men's wear - 0.19%, women's wear - 6.33%, casual wear - 9.18%, shoes and hats - 4.31%, home textile - 5.22%, and other clothing - 5.51%

Important events in the industry: Overseas: lululemon sold off its inventory for the first time in three years; Armani group resumed growth one year ahead of schedule; UNIQLO's sales rose by 26.2% in June; andmar won the trademark infringement case again. Domestic: in the first half of the year, the overseas business losses of SEMA clothing increased; Anta Sports issued a profit warning, and FILA retail sales increased positively; the average price of online clothing of Li Ning plummeted by 34%.

Important announcements of listed companies: semiannual performance forecast issued by SEMAR clothing, Huafu fashion, septenaeus and langzi; profit distribution announcement issued by Fengzhu Textile Co., Ltd.; reduction of holding of kairun shares and mugaodi shares; buyback of seven wolves shares; release of pledge of vosge shares; announcement of capital investment direction of GELIS and biyinlefen; increase of related party transaction amount of kairun shares.