Textile And Clothing Industry: Continue To Be Optimistic About Sports Apparel Leading Enterprises

Industry core point of view:

The Shenjie composite index was up 22.0%, while the textile industry index was up 1.2 million points. Many foreign textile and clothing giants are facing crisis, and the recovery of domestic textile and clothing offline sales is less than expected, and the performance of many listed companies in the Chinese newspaper has dropped sharply. A few days ago, Shandong Provincial Sports Bureau printed and issued the "ten measures to further promote sports consumption", and Beijing held the first "8.8 sports consumption Festival". Sports clothing industry gained favorable policies. In the short term, e-commerce is still an important channel for the recovery of the industry; in the medium and long term, the epidemic has prompted more people to pay attention to physical health and physical exercise. In the future, with the further release of favorable policies, the increase in the number of people going out for activities and the development of exercise habits, the demand for sports apparel is coming back, and we will continue to be optimistic about the high-quality sports clothes which are affected by the epidemic Decoration leading enterprises.

Key investment points:

Market review: last week (July 27 - July 31), the Shenwan textile and garment index rose 2.40%, 1.15 percentage points lower than the Shanghai Composite Index, ranking 22nd in the 28 primary industry indexes of Shenwan. Since the beginning of the year, Shenwan textile and clothing index has fallen 0.52%, 9.04 percentage points lower than the Shanghai Composite Index, ranking 23rd among the 28 primary sub industries of Shenwan. Second sub plate, textile manufacturing last week 3.00%, clothing and home textile 2.07%. The PE value of the plate is 25.88 for textile manufacturing and 38.30 for clothing and home textile. In terms of the third sub plate, in the textile manufacturing last week, wool textile 1.05%, cotton spinning 1.99%, silk 5.01%, printing and dyeing 1.95%, auxiliary materials 6.01%, and other textiles 3.80%; clothing and home textiles, men's clothing 0.62%, women's clothing 4.19%, casual wear-0.50%, shoes and hats 6.56%, home textile 2.81%, other clothing 1.52%.

Important events in the industry: Overseas: Primark launched a clothing recycling program in British stores; Miyazawa's men's wear brand announced that it would terminate its operations; corneliani, an Italian men's wear brand, received financial support from the government; Victoria Beckham, a British fashion brand, would lay off workers. Domestic: well known children's wear brand anel's revenue in the first half of the year was only 491 million yuan; women's sports brand Ming Ni Fei won ten million yuan pre-A round of financing; Baosheng International's net profit decreased by more than 90% in the first half of the year.

Important announcements of listed companies: share transfer of Bergeron; government subsidy for Nikkei fashion; half year report issued by Jiansheng group; performance express released by anair; profit distribution of Huamao shares; equity buyback of Hailan house; reduction of biyinlefen shares; issuance of additional issuance plan of kairun shares; * changes in the rights and interests of St noble; equity pledge of vosge shares.