Ministry Of Commerce: Textile And Garment Key Companies Increase In Revenue

In the first half of the year, the three thousand major retailers monitored by the Ministry of Commerce slowed their growth in various categories of consumer goods.

Class growth rate dropped from 22% to 10% in the past 3 years.

The sustained and rapid rise in prices has largely inhibited the growth of clothing consumption.

Driven by a variety of factors such as holiday promotions in the two quarter, clothing sales rebounded, stopping the sharp decline in sales in the first quarter. In the first half of 2012, the volume of retail sales of major retail enterprises in the country held a slight decrease of 0.05% compared with the same period last year.

Whether the first-line brand or the domestic two or three line brands are sparing no effort in discount sales promotion, the rhythm of autumn listing is obviously slowing down, and the pressure of inventory will have an adverse impact on the profit outlook of the industry. Once the inventory digestion is bad, the turnover speed of dealers will be reduced, and the enthusiasm of taking delivery will be affected.

The pressure will increase obviously.

Orient Securities believes that

The key companies' quarterly reports have been gradually introduced, and the export manufacturing companies have narrowed the decrease in the first quarter of the two quarter, but the improvement is limited. While the growth rate of the Brand Company's two quarter report is generally not as good as the first quarter, the profit growth rate is generally higher than that of the gross profit margin.

Early view: the overall recovery of the industry still takes time. In the three quarter, there is a marked improvement in the retail sales data in every quarter and the overall industry sector will probably remain volatile before the Brand Company 2013 spring and summer order will be issued in September.

Recently, it is suggested that we should pay close attention to the strategic intervention opportunities brought by the short-term adjustment of men's clothing double male and nine herd Kings (601566) and seven wolves (002029), and continue to pay attention to AOKANG International (603001), the blue posture stock (002612) and the wedding bird (002154).