Textile And Clothing: Business Flow Increases And Consumption Increases.

Industry's core view:

Last week, in addition to the high-risk areas in Shulan, Jilin, other areas of the country's risk register has been reduced to low risk. The national resumption of work resumed and accelerated recovery, shopping malls, supermarkets and other living places were fully open, and indoor venues such as sports venues and parks were opened by means of appointment and current restriction. In the short term, the "51" consumer market has been recovering rapidly from the impact of the epidemic. With the gradual normalization of production and life, consumption promotion policies such as consumer vouchers have played a certain role in promoting the consumption of textile and clothing. The flow of people in major business circles has increased and people's outgoing activities have increased. Q2 textile and clothing consumption is expected to have a marginal improvement. In the medium to long term, this epidemic has prompted more people to pay attention to physical health and physical exercise. In the future, as people go out to do more exercises and develop their physical habits, sports clothes need to rebound strongly. It is recommended to pay attention to the top quality sports clothing leading enterprises affected by the epidemic.

Main points of investment:

Market review: last week (May 6th -5 8), Shen Wan textile and apparel index rose 1.12%, running 0.11 percentage points off the Shanghai Composite Index, and nineteenth in the 28 industry index of Shen Wan. Since the beginning of this year, Shen Wan textile and apparel index has dropped by 7.64%, running 2.56 percentage points off the Shanghai Composite Index, ranking twenty-first in the 28 sub sectors of Shen Wan. In terms of subdivision plates, 1.60% of textile manufacturing last week, 0.87% of clothing and home textiles, and -8.60% of textile manufacturing and -7.13% of home textiles since the beginning of the year. The PE of the plate is estimated to be 23.96 of textile production and 34.57 of apparel home textiles.

Important events in the industry: (1) foreign countries: J.Crew filed for bankruptcy protection; H&M will permanently shut down eight stores in Italy; Nike official website visited the world's top fashion business in March; fast fashion giant H&M and UNIQLO issued a financial briefing on epidemic situation; Gap quickly regained its momentum in China (2): domestic wolves lost 42 million 50 thousand in the first quarter of this year; YOUNGOR's "51" national four provinces Six stores opened together; Jordan sports bought UMBRO, a sports brand; in the first quarter, the net profit of 48 garment listed companies plunged only 76 million.

Important announcements of listed companies: Lu Tai A, blonde Rabbi, Huamao shares issued annual report results; Sanfo outdoor shareholders reduction; the progress of the reduction of shareholders by bvlvin; the industry technology, fuanna and Jiaxin silk repurchase shares; the progress of share repurchase issued by La Natsu Bell, Hong Kong shares; Jiaxing silk distribution profits; and the broadcast fashion gained government subsidies.