Textile And Garment Industry: Keep Optimistic About Sports Industry Opportunities

Investment points

New opportunities for new industries are springing up. The index stocks representing the new economy rose 26.54% on Saturday and 15.76% in the other direction. This led to a staged performance of the whole stock market related to the commercialization of the media. The question is: what is sustainability?

First of all, we must see that the change of channels is happening rapidly, for example, the short video live broadcasting platform is rapidly gathering traffic:

Technological change leads to changes in the form of interaction: from single voice calls to all kinds of interactive media, continuous and rich real-time interaction is achieved.

Where the user is, traffic is everywhere: Internet users' reliance on mobile Internet continues to deepen, and the habit of reconstructing scenes is constantly developing; in September 2019, the total user time was increased, and the Top1 subdivision industry was short video.

On this basis, the emergence of new traffic makes the emerging electricity providers display amazing explosive force.

In 2019, GMV exceeded 1 trillion, increased by 113% over the 18 years, and the monthly activity reached 482 million, up 76.6% over the same period (the same month living Alibaba 720 million, Jingdong 362 million). It took four years to reach the second largest user scale after Taobao, and the spice was just the beginning of the social business. Since the media era, the electricity supplier has been rapidly becoming content and socialized, and the 19 year live broadcasting business has reached 430 billion, and is expected to be 2020. Doubling, and short video, community and other forms are also beginning to be realized through e-commerce. Demand for supply chain of content providers is flexible, thin and personalized. At present, it is a large scale and blue ocean market.

So where is the direction of investment?

First, the service market based on new traffic. For example, it is similar to the "big show", which has a big data marketing service platform that connects the whole network KOL capability. On the other hand, the supply chain is changing direction again. With MCN embracing the new channel, it is also a good business mode to create a supply chain platform for docking new traffic. Second, the new traffic brings more opportunities for new brands to bend and overtake. In the fields of cosmetics, foodstuffs, small household appliances and so on, new brands have been produced frequently.

We continue to look forward to new industrial opportunities for new traffic catalysis, and further research and Discussion on related topics. Welcome to contact team members.

Tao Bo disclosed the annual report, and the excellent cash flow drove up, and continued to be optimistic about the leading investment opportunities in the sports industry. Tao Bo published annual report, annual report cash flow bright, water recovery in good condition, driving up 17% in the week. On Monday, he announced that the annual income of 2020/2/29 as of the year ended 33 billion 690 million yuan (+3.5%), and the income in the upper / lower half of the fiscal year was +12.4%/-4.6% respectively. If the listing fees and the amortization of intangible assets were merged, the net profit of the parent company would be 2 billion 380 million yuan (+6.5%). The highlights of our earnings and performance reports are:

1) in February, in the first 11 months of fiscal year 20, the company's revenue grew by more than 13%, and its operating profit grew more than 20%. The overall growth trend was consistent with that of FY20H1 and its growth rate was slightly faster than that of the first half.

2) at the end of 2, the inventory size of the company increased by 8.3% to 6 billion 650 million yuan as the most serious period of the epidemic, and the scale of accounts receivable decreased by 41% to 1 billion 490 million yuan over the same period. The superposition of the balance of payments increased upward, resulting in an increase in working capital and a 105% to 6 billion 400 million yuan increase in operating cash flow in the 20 fiscal year.

3) in the performance press conference, the company mentioned that the sales turnover was positive in May, and it is expected that if the supply chain of the brand suppliers cooperate smoothly in July, the growth of the company's water supply and the discount can return to the normal level. The earnings of the stock market will rise to 17% this week, which once returned to the high point before the epidemic, showing the market's confidence in the development of the sports circuit leader. In May, the sports water and discounts recovered well. We believe that the broad industry space and the strong and strong trend of the leading line have not changed. The retail recovery after the outbreak has also confirmed the toughness of the track leader, and continued to play a leading role in Anta and Lining's two leading domestic sports costumes. Partner.