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Domestic Textile Industry Market Space Concentration Increased In The Second Half Or Increase.

2011/11/25 9:51:00 24

Hongyuan securities recently released the industry research report that the growth trend of home textiles and brand clothing industry is stable, and the profits of the relevant listed companies in the first half of the year are good.

And in the long run, brand clothing will continue to accelerate the expansion of channels and the construction of e-commerce, and the home textile industry will be better as a whole, and the industry concentration will be improved significantly.

Therefore, Hongyuan securities has given the textile and garment industry "overweight" investment rating.


Key companies reported good results.


Hongyuan securities is the key company in textile industry.

Spin

The industry's Jiangsu sunshine, Lu Tai A and hang min shares; clothing categories are divided into two categories: home textiles and brand clothing. Home textiles category mainly covers the dream home textiles, fuanna and Roley home textiles. The clothing category mainly covers 11 key companies: Pathfinder, seven wolves, Semir costumes, Hinur, Jia Lin Jie, Kaiser shares, jiusu Wang, Mei Bang dress, search for special, wedding bird and Xun Xing shares.


From the company's operating income, the average income of the textile and garment industry is 1 billion 62 million, and the average net profit of the textile and garment industry is 110 million.

To sum up, the company which focuses on tracking comparison with the China Daily comment is better than the average level of the entire textile and garment industry.

Operating income grew, and the average operating income was 1 billion 190 million yuan, an increase of 38.01%. Net profit except for a slight drop in sunshine in Jiangsu, all increased, the average net profit was 149 million, an average increase of 91.89%, of which the largest contribution to the United States apparel net profit growth of 833.06%.


In Hongyuan securities's textile and garment industry company, in the first half of 2011, the brand

clothing

The main reason is that brand clothing pays more attention to channel construction and scale expansion.

In the second half of the year, brand clothing will continue to accelerate the expansion of channels and the construction of e-commerce, so that the market position and market share of brand clothing will be more stable.

In addition, it is worth noting that brand clothing can pfer the cost pressure through product price increase. Compared with textile, printing and dyeing processing products, it has a stronger competitive advantage. The expansion of channels enables brand clothing enterprises to maintain the stability of net interest rate while promoting sales, so as to maintain an optimistic growth momentum.


Home textile industry in the second half or high growth


In the first half of 2011, the three major brands of Meng Jie home textiles, Luo Lai home textiles and fuanna have maintained a good growth, mainly benefiting from the high growth of the home textile industry and the promotion of brand promotion.

The domestic textile industry will have huge room for development in the future.

In developed countries, household, clothing and industrial textiles account for 1/3 of the total, while domestic textile consumption accounts for only 20%.

The home textile industry is in the early stage of growth, and the industry space is broad. The home textile sector is improving as a whole, and the industry concentration degree is obviously improving.

In the future, with the improvement of residents' income level and the trend of consumption upgrading and urbanization, the market of medium and high grade home textile products will also expand.

For home textile leading enterprises such as Luo Lai home textiles, fuanna and Meng Jie home textiles, the future expansion trend is determined.

The autumn and winter orders in the second half of the year will be expected to increase by 50%-60% and raise about 20%.

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