The Overall Performance Of Textile And Garment Industry In The Third Quarter Was Slightly Warmer.

Despite the severe internal and external challenges,

The overall performance in the third quarter is still slightly warmer.

Statistics show that as of 24 days, 29 listed companies of textile and garment industry have already disclosed three quarterly reports, of which 16 companies' net profit attributable to shareholders of Listed Companies in the third quarter has achieved positive growth, accounting for 55%.

Orient Securities research report pointed out that the third quarter of the textile and manufacturing industry listed company performance decline slightly narrowed, the brand clothing listed companies revenue and earnings growth is generally not as good as the first half of the year, but net profit growth is still expected to be higher than the growth rate of revenue.

Behind the good growth of net profit of garment enterprises, the sales market is still in the doldrums.

It is especially outstanding.

According to China Securities Journal reporter statistics found that the textile and garment industry listed companies in the three quarter of the stock price continued to increase.

Performance has improved

Wind statistics show that Shenyang Wanguo textile and apparel A shares listed 55 companies, announced the three quarter earnings forecast, net profit is expected to rise last year, 28 textile and garment companies, accounting for 57.14%.

Another 25 companies reported bad results.

Among them, *ST far east net profit amounted to about 8 million yuan, net profit is expected to increase by 110%; 9 companies of teiya stock, search special, Hongda shares, cnndi road and Bank of China velvet industry forecast net profit increased by more than 50% over the same period last year.

Orient Securities research report pointed out that although the PMI index of domestic textile industry is still below 50 in the three quarter, and there is no obvious improvement trend, considering the low base last year, and the high cost raw material inventory of manufacturing enterprises gradually digested, the textile manufacturing industry will be slightly better than the first half of the year in the second half of the year.

The three quarterly report of the textile manufacturing industry, San Mao Pai Shen, shows that the company achieved operating income of 70 million 132 thousand and 900 yuan in 7-9 months, down 1.98% compared with the same period last year. The net loss attributable to shareholders of listed companies was 1 million 530 thousand and 800 yuan, down 104.46% compared to the same period last year. Net profit loss in the first three quarters was 4 million 358 thousand and 800 yuan, down 115.7% over the same period.

The company said that in the first three quarters of this year, affected by the macroeconomic situation, the contract orders in the second half of the year were greatly reduced and the cost of products increased.

However, at the end of the three quarter, the main business profits of the company decreased year-on-year.

Unlike textile manufacturing companies, the growth rate of brand listed companies generally slowed down in the third quarter, but most Brand Company still maintained a net profit growth rate exceeding the growth rate of revenue in the third quarter.

From the 7-8 industry retail data and the terminal survey of some brand listed companies, the three quarter still lingers at the bottom, which has not improved significantly compared with the first half of the year.

However, the total retail sales of consumer goods rose just 14.2% in September, and the increase was better than expected.

The three quarter outstanding performance in search of special financial report shows that the company achieved a profit of 1 billion 112 million yuan in 1-9 months, an increase of 49.27% over the same period last year. The net profit attributable to shareholders of listed companies was 176 million yuan, an increase of 53.81% over the previous year, and 447 million yuan in the third quarter. The net profit attributable to listed companies was 80 million yuan, an increase of 75.29% over the same period last year.

The company said that the company's marketing network expanded rapidly, and the number, size and quality of the franchised store increased steadily.

According to the company's order in autumn and winter 2012, the performance in the first three quarters increased considerably compared with the same period last year.

CIC believes that the company's revenue growth is mainly driven by extension. It expects to set up nearly 200 stores in the first three quarters. However, the autumn and winter products of the company have not been raised, and sales of products are mainly based on volume.

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Inventory problems outstanding

This year, the textile and garment industry continues to maintain a grim market situation since last year. The domestic market and export situation has not yet improved, and the backlog problem of clothing enterprises has been gradually highlighted in the depressed market.

Statistics show that in the first half of 2012, the total inventory items of the 35 listed companies in the clothing and textile industry amounted to 46 billion 480 million yuan, representing an increase of 3 billion 680 million yuan over the same period last year.

Among them, YOUNGOR was the largest stock in stock market. In the first half of the year, the amount of stock was up to 23 billion 872 million yuan, and Hong Kong Group and China group were ranked 3 billion 844 million yuan and 3 billion 431 million yuan respectively.

China Securities Journal reporter statistics found that 35 companies inventory merchandise backlog increased in volume, the total amount of more than 14 billion 100 million yuan, an increase of 5 billion 720 million yuan over the same period last year, an increase of 40% over the same period last year.

According to incomplete statistics, the inventory amount of clothing enterprises has been increased, and the capital turnover rate has generally declined in the three quarter results report. Among them, the turnover rate of long Zi shares, Pathfinder and Hinur decreased significantly.

"High inventory mainly affects the capital turnover of enterprises. The higher the inventory is, the more money is deposited. The more capital turnover is, the more difficult it is.

This will inevitably affect the business activities of enterprises.

The first textile net Wang said in an interview with the China Securities Journal reporter.

Clothing industry dealers also said that in recent 10 years, this year is the most stressful year, even though it is

At that time, franchisees didn't have so much pressure this year.

However, just released the National Bureau of statistics data show that in September textile and garment export growth significantly improved.

Analysts expect the fourth quarter garment export growth and domestic sales growth is expected to improve, the apparel industry expects the four quarter of high inventory will slow down.