The Textile Manufacturing Sector Performs Better And The Brand Clothing Is Slightly Inferior.

Market review this week:

Shen Wan this week

The index rose 3.77%, the Shanghai Composite Index rose 3.12% during the same period, and the Shanghai and Shenzhen 300 index rose 2.71%.

According to the sub sectors, the textile manufacturing sector performs better, and cotton spinning, accessories, printing and dyeing and other textiles rose by 6.07%, 5.11%, 4.20% and 3.50% respectively.

And silk rose 3.38%, 2.76% and 1.30% respectively.

In terms of stocks, Dayang,, Zhejiang and fortune rose 61%, 20.63% and 17.18%, respectively, and the decline of 13.23%, 10.15% and 8.27% respectively.

Industry dynamics:

1, according to the data released by the General Administration of customs, the export of textiles and clothing was 110 billion 10 million yuan in March, up by 42.7% compared with the same period last year.

In the first quarter, China's textile and apparel exports totaled 56 billion 630 million US dollars, down 5.2% from the same period last year.

The decline of textile and garment exports in March was narrower than that in February.

2, according to FT Chinese net, US trade representative Michael - Frost man announced a bilateral agreement between China and the United States in April 14th, and China agreed to cancel the various subsidies it provided to export enterprises.

These industries are: textiles, clothing and footwear; advanced materials and metals; light industry; specialty chemicals; medical products; Hardware building materials; and agriculture.

Important announcement of the company:

1, song: 2015, the company achieved operating income of 835 million yuan, an increase of 12.28% over the same period last year, and the net profit attributable to shareholders of listed companies was 160 million yuan, an increase of 15.82% over the same period last year.

Among them, the revenue of Wei Song brand reached 20 million 385 thousand and 900 yuan, an increase of 144.95% compared with 2014.

The company has acquired net profit of 43 million 917 thousand and 200 yuan for the whole year, and there will be a good trend of rapid growth in the future.

2, Luo Lai life: first quarter business income of 763 million yuan, an increase of 8.14% over the same period last year, attributable to shareholders of listed companies net profit of 109 million yuan, representing a decrease of 6.34% over the same period last year, the main reason for the decline is 79.85% growth in management costs, the business structure and personnel adjustment led to the increase in human costs, consulting and taxes and other expenses.

3, Bo Bao Long: the company intends to raise funds of public offerings by no more than 988 million yuan, and the number of shares issued is not more than 33 million shares, all of which are used in the global fashion design ecosystem project.

The main functional modules of the project include "clothing global fashion sharing cloud creation platform", "fashion design experience shop" and "designer incubator base".

Industry perspective:

There is no obvious change in the fundamentals of the industry, and short-term suggestions are concerned about investment opportunities of cotton spinning enterprises.

On the 11-12 day of April, the main contract of Zhengzhou cotton futures skyrocketed, cotton textile enterprises and Cotton Traders picked up the goods more actively, and the regulations of the national cotton store did not come down. The quotation of Xinjiang cotton continued to rise, and the supply and demand relationship reversed.

The rise in cotton prices is directly advantageous to cotton spinning enterprises in the short term. As the textile enterprises adopt the cost plus pricing method, the cotton that is being put into production is purchased over the past time. At that time, the price of cotton is relatively low, and the cost is relatively low.