Apparel Home Textile Companies Report Good News, Four Quarter Growth Decline

With the industry boom in the first three quarters, the 2011 performance of the apparel home textile listed company is rising. But since last year Fourth quarter Since then, under the background of economic slowdown and slowing down of social consumption, the industry's income and gross profit have been tested.

According to Wind statistics, as of January 31st, 21 of the 32 clothing and home textile companies in two cities showed 2011. achievement Notice or performance bulletin. Among them, 19 companies, such as fuanna (002327, stock bar) and Mei Bang dress (002269, stock bar), have increased or levelled up, accounting for over 90% of the number of disclosed data companies. Only Chinese clothing (000902, stock bar) and Jin Feida are expected to decline in performance.

It is expected that the annual growth of garment companies in 2011 will increase. Range The biggest is Jiangsu three friends (002044, stock bar). The company said that its net profit increased by 150% to 180% over the same period last year as the volume of business increased considerably over the previous year. It is estimated that more than 50% of the company's performance will increase by more than 10, including 10 companies such as home textile (002293, stock bar), fuanna and wedding bird.

In addition, both the Pathfinder and the seven wolves have disclosed the 2011 Annual Performance bulletin. Among them, the Pathfinder achieved a total revenue of 753 million yuan in 2011, an increase of 73.42% over the same period last year and a net profit of 106 million yuan, an increase of 97.52% over the same period last year. Pathfinder said that the rapid growth of financial indicators was mainly due to the good development of the company's main business, the continuous expansion of the market scale and the continuous improvement of business performance. Seven wolves realized total revenue of 2 billion 921 million yuan in 2011, an increase of 33% over the same period last year, and realized net profit of 410 million yuan, an increase of 45% over the same period. The growth of company orders during the reporting period promoted sales revenue.

It is worth noting that, although the current apparel home textile industry listed company profit is at a high level in history, but since the fourth quarter of 2011, the overall economic weakness in and outside the country, clothing home textile industry sales growth has been declining.

According to the Huatai Securities Company's sales tracking for listed companies, the sales of Home Textile Listed Companies in December 2011 were good, but the overall growth rate declined in the four quarter, while clothing sales in December were better than in November, but the overall growth rate also declined in the four quarter. The export situation is also not optimistic. Statistics show that the growth rate of textile and clothing exports declined sharply in December 2011, up 9.2% compared to the same period last year, and the trend of 4 consecutive months of decline.

Despite the impact of economic slowdown, many people in the industry have attributed the decline to warmer winter and the overall rise in brand clothing. It is believed that the fact that late winter and early spring festival result in the accumulation of retail channel inventory, which affects the cash flow of retailers, and makes retailers more conservative in goods booking and new store expansion. Since the winter of 2011, the temperature in most parts of the country has been higher than in previous years. The warm winter has led to a decrease in demand for clothing in season. Although this situation has been improved after the sharp drop in temperature in December and the promotion activities of major retail enterprises, the peak period of online shopping activities has been ~12 months in November.

In response, Fang Junping, an analyst with Guoxin Securities, said: "in 2011, the performance of the major apparel home textile listed companies was slightly lower than expected. Although men's clothing industry and their overseas subsidiaries have performed well and their spending power is still growing strongly, the price growth of four seasons in home textiles and other fields has slowed down. But overall, consumption driven economic growth is still the main direction of economic restructuring in the future. Specialization and cultural sedimentation remain the focus of investment in brand clothing. Brand Company, which is in line with the direction of consumer upgrading, will further develop with the expansion of channels in 2012.