As we all know, inventories refer to various assets reserved for sale or consumption by listed companies during the production and operation process. Assets prepared for sales mainly refer to finished products and semi-finished products available for sale; assets reserved for consumption mainly refer to raw materials, work in progress, self-made semi-finished products, packaging, low-value consumables, etc.
Inventories in commercial listed companies mainly refer to goods that are planned to be resold after purchase. Inventories in industrial listed companies mainly include raw materials, work in progress and finished goods, which are valued at the actual cost at the time of acquisition. .
According to statistics from the First Textile Network, in the first half of 2021, 88 listed textile and apparel companies in Shanghai and Shenzhen stock exchanges achieved a total operating income of 132.749 billion yuan, compared with 114.172 billion yuan in the same period last year Compared with 7.980 billion yuan in the same period last year, the net profit attributable to the owners of the company’s parent company was 11.586 billion yuan, an increase of 18.577 billion yuan, an increase of 3.606 billion yuan compared with 7.980 billion yuan in the same period last year.
The industry has noticed that during the normalization period of the epidemic, the inventory items of the above-mentioned textile and apparel listed companies have also undergone significant changes. According to statistics from the First Textile Network, in the first half of 2021, Shanghai and Shenzhen The total inventory items of the city’s 88 listed textile and apparel companies reached 96.087 billion yuan, a decrease of 3.638 billion yuan compared with 99.725 billion yuan in the same period last year. Among them, inventory goods accounted for 47.815 billion yuan, which was 52.283 billion yuan lower than the same period last year. Compared with that, it decreased by 4.468 billion yuan.
Industry insiders said that from the perspective of performance, in the first half of 2021, the performance of the textile and clothing sector will increase significantly. , mainly due to the low base in the same period last year, the recovery of macroeconomics and consumption in the late period of the epidemic, the increase in consumer demand for optional products, and the effective destocking on the supply side. From observation, with the epidemic under good control, during the reporting period, clothing brand stores basically resumed normal operations, and terminal retail customer flow recovered.
Tianfeng Securities analyst Sun Haiyang introduced that in terms of operating capabilities, in the first half of 2021, textile The clothing sector’s inventory turnover capacity and accounts receivable turnover capacity have both improved, mainly due to the improvement of the domestic epidemic situation and the recovery of clothing consumption. Judging from retail data, terminal retail sales in the first half of the year were well controlled due to the epidemic, consumption picked up, and shopping mall passenger flow increased compared with the same period last year. Companies in the industry actively deployed online channels during the epidemic and achieved some results, and terminal consumption increased significantly in the short term. Judging from retail data, in the first half of 2021, terminal retail sales were well controlled due to the epidemic. Companies in the industry actively deployed online channels during the epidemic and achieved some results. The overall terminal consumption increased significantly. By May-June, due to the same period in 2020 The higher base is the reason for the slowdown in growth.
In Sun Haiyang’s view, from a brand perspective, the outbreak of Xinjiang cotton incidents in the first half of the year has bolstered the popularity of traditional culture. Domestic brands have regained their consumer power and have been redefined. Domestic clothing brands will Gain more traffic attention and market demand; from the channel side, as the domestic epidemic situation stabilizes, terminal offline passenger flow will continue to recover, and the development of online channels will bring new growth space. Due to the impact of the epidemic, residents are quarantined at home and shopping malls are temporarily closed, resulting in a sharp decline in passenger flow, and key offline sales have been greatly affected. Against this background, various clothing brands have turned to online channels, using Tmall, JD.com, Vipshop, etc. Sales are carried out through traditional e-commerce channels, WeChat mini-programs, private domain traffic, Tiktok and other emerging e-commerce channel live broadcasts to make up for the losses and impact of offline channels.
However, Sun Haiyang is also sentimental. Since offline channels are greatly affected, various brands use traditional e-commerce channels, WeChat mini programs, Douyin short videos, live broadcast e-commerce and other emerging channels to After making up for the loss of offline channels, and taking this opportunity to build and gradually improve online channels, brands will continue to benefit from the growth of online channels after the epidemic. </p
