Textile And Clothing Products Export Promotion

Core industry view:

The Shanghai Composite Index fell by 18.0%, while the Shanghai Composite Index fell by 18.0%. Senma clothing, * ST Zhongrong and kairun shares were among the top gainers. According to the data of China Customs, in June, China's exports of clothing and accessories amounted to $12.875 billion, down 10.20% year-on-year; the export of textile yarn, fabrics and products reached 16.157 billion yuan, a significant increase of 56.72% year-on-year. In the short term, the domestic epidemic situation is gradually under control, and the global epidemic situation continues to spread. The export of epidemic prevention materials will continue to drive the overall export growth of textile products. Domestic textile and clothing demand continued to recover, driving textile and clothing consumption gradually recovered. In the medium and long term, the epidemic has prompted more and more people to pay attention to physical health and physical exercise. In the future, with the increase in the number of people going out for activities and the formation of exercise habits, the demand for sports clothing is coming back, and we will continue to look forward to the leading enterprises of high-quality sports clothing that have been oversold by the epidemic.

Key investment points:

Market review: last week (July 20 - July 24), Shenwan textile and clothing index fell 0.72%, 0.18 percentage points lower than the Shanghai Composite Index, and ranked No.16 in the 28 primary industry indexes of Shenwan. Since the beginning of the year, the Shenwan textile and garment index has fallen 2.84%, 7.65 percentage points lower than the Shanghai Composite Index, which is in the 28 first tier branches of Shenwan

The industry ranked 24th in terms of growth. In terms of textile and garment manufacturing, it was 46.0% in the second grade textile sector. PE value of the plate is 25.00 for textile manufacturing and 37.69 for clothing and home textile. In terms of the third sub sector, in the textile manufacturing last week, wool textile 4.99%, cotton spinning-1.19%, silk-4.53%, printing and dyeing-0.85%, auxiliary materials 1.70%, and other textiles 2.12%; clothing and home textiles, men's clothing 2.79%, women's wear-0.31%, casual clothing 4.84%, shoes and hats-8.14%, home textile-2.50%, other clothing-3.58%.

Important events in the industry: Abroad: UNIQLO announced that Alpaca fabric would be banned from all brands; British fast fashion next would obtain the franchise right of British business; Japan's Sanyue Isetan launched 3D body measurement service; Siku welcomed the worst quarter, with a loss of 42.5 million yuan in Q1. Domestic: SEMAR clothing plans to sell 100% of the assets and business of sofiza sas100% in France; Antarctic e-commerce is again found to be unqualified; China's Li Ning autumn and winter 2020 series is on the market.

Important announcements of listed companies: Share Repurchase of Hailan home; sale subsidiary of SEMAR clothing; profit distribution of Hassen shares and Vosges shares; pledge release of taipingniao, Jiansheng group, vosge shares and wanlima shares; performance express of biyinlefen; reduction of shares of wanlima and Bangjie.