As of August 9, 2021, the 2021 interim performance forecasts of 45 listed textile and apparel companies in Shanghai and Shenzhen stock exchanges that reporters are following have been disclosed. Performance forecasts show that since the beginning of this year, the textile industry has gained momentum.
16 companies have forecast net profits to more than double
The performance forecast type shows that there are a total of 31 companies that have forecast increases, profits, and increases in the same direction. There are a total of 7 companies that have turned losses into profits, and the total proportion of companies reporting good news is about 84%; there are a total of 7 companies that have forecast declines, losses, and declines in the same direction.
The reporter combed through and found that among the companies with good performance forecasts, based on the expected increase in net profit, a total of 16 companies had a net profit increase of more than 200%. Among them, the net profit of 9 companies increased by more than 400%. Shenzhen Textile, Semir Clothing, Xinxiang Chemical Fiber, Dongfang Shenghong, Shanshan Co., Ltd., Xinfengming, Huafeng Chemical, Shandong Fiberglass, and Anair’s net profit attributable to shareholders of listed companies The profit increases were 8650%~12400%, 2585.65%~3233.90%, 2394.14%~2569.79%, 1645.02%~1803.65%, 599%~649%, 549%~574%, 441.31%~486.42%, 405.66%~458.8 8 %, 400.56%~435.51%; for the other seven companies, Wanhua Chemical, Fuchun Dyeing and Weaving, Blum Oriental, Taihe New Materials, Septwolves, Peacebird, and Zhongyin Cashmere Industry, the net profit growth attributable to shareholders of listed companies was 373% respectively. %~380%, 312.35%~332.76%, 280%~330%, 222.45%~262.76%, 201.13%~291.47%, 240.52%, 209%~236%.
Looking back at the textile and apparel industry in the first half of 2021, some securities analysis institutions believe that in the field of textile manufacturing, domestic production and operations are back on track, and garment exports have performed strongly; in Southeast Asia, the epidemic has affected local production capacity, which may lead to Some orders returned to China. In the field of brand apparel and fashion consumption, epidemic prevention and control has further accelerated the increase in online penetration; the development of offline channels has become increasingly rational, and optimization and iteration and improving the quality of single stores have become the focus.
The industry prosperity continues to improve
Shenzhen Textile, which has experienced significant growth compared with the same period last year, has experienced growth in its textile business sector in addition to the growth in non-textile business. . Among them, the company estimates that the impact of non-recurring gains and losses on the net profit attributable to shareholders of the listed company is approximately 14.6 million yuan, mainly the liquidation income of Shenzhen Shenzhen Textile Import and Export Co., Ltd. and government subsidy income.
Driven by the continued growth of basic demand in the spandex industry during the reporting period of Xinxiang Chemical Fiber, the sales price of the company’s main product spandex fiber increased significantly compared with the same period last year, sales increased significantly, and the gross profit margin of the spandex business increased significantly. The company’s semi-annual results were in line with A significant increase compared to the same period last year.
Dongfang Shenghong announced that since the end of 2020, my country has begun large-scale rollout of COVID-19 vaccines and effective prevention and control of the epidemic, which has boosted confidence in the recovery of domestic and foreign economies and industries. During the reporting period, downstream demand in the chemical fiber and petrochemical industry improved significantly. Coupled with the impact of rising crude oil prices, the industry entered a recovery cycle and the prosperity increased. The company’s production and operation have further improved and maintained good profitability. Ganghong Fiber’s annual output of 200,000 tons of differentiated functional chemical fiber projects and Zhonglu Technology’s annual output of 60,000 tons of PET recycled fiber were completed and put into production in the second half of 2020, with year-on-year increases profit contribution.
As the textile industry recovers, Zhongyin Cashmere Industry’s operating income has increased significantly compared with the same period last year; the company’s trading financial assets have increased income from changes in fair value and realized investment income, increasing profits for the reporting period by 7.838 million yuan; investment The acquisition of Dujiangyan Juhengyi New Materials Co., Ltd. and Sichuan Ligu New Energy Technology Co., Ltd., and the addition of new subsidiaries into the company’s consolidated statements will have a certain positive effect on the company’s performance.
Securities analysis institutions generally believe that at present, multiple factors are driving the industry’s prosperity. First, the concentration of leading companies in the industry continues to increase. Second, the confidence of domestic products is increasing day by day, with national sports and mid-to-high-end apparel brands taking the lead in returning to positive growth. Third, the online live broadcast e-commerce model has become increasingly popular, and the proportion of e-commerce operating income has increased year by year. Fourth, the inventory turning point of the entire industry has appeared, and the inventory is gradually moving lightly. Offline recovery has taken over the online boom. Starting from the second half of last year, the inventory of the entire industry has improved rapidly. In the first half of this year, the inventory turnover rate of leading companies has generally continued to be at a high level.
Online and offline integration improve performance
From the perspective of sub-sectors, textile machinery, chemical fiber manufacturing and other sectors in the upstream of the textile industry are growing rapidly. Against the background of the rise of the national trend, the expansion of new online channels and the recovery of offline retail, the downstream clothing sector terminals are showing a recovery trend across the board.
Semir Apparel, whose performance is accelerating, previously mentioned in the research minutes when talking about the expected growth rate of its online business that the second half of the year is the peak season for the apparel market, especially for e-commerce. It is expected that the performance will start from October. There will be a significant increase, among which Douyin channel sales growth will have outstanding performance.
Annair, which turned a profit, was affected by the domestic new coronavirus epidemic in the same period last year. The company’s revenue fell and its net profit suffered a loss. In the first half of 2021, the national epidemic was effectively controlled, but there were still recurrences in some areas. Affected by this, the company’s second quarter performance growth slowed down slightly. Overall, the company’s performance has resumed growth compared with the same period last year, gross profit margin has steadily increased, and various expenses have been strictly controlled. The expense rate during the period dropped by 0.66% year-on-year, and net profit increased significantly year-on-year.
During the reporting period, the Septwolves business, which performed well, gradually returned to normal with the effective control of the domestic epidemic, and the net profit attributable to shareholders of the listed company increased significantly year-on-year.
Peacebird announced that during the reporting period, the company continued to focus on business operations.In order to improve the quality, we firmly promoted various operational reforms such as brand rejuvenation, channel structure optimization, improvement of product quick response capabilities, and organizational vitality stimulation, and our operating performance maintained stable and sustainable growth.
In the first half of 2021, Peacebird achieved a net profit of 291 million yuan attributable to shareholders of listed companies after deducting non-recurring gains and losses, a year-on-year increase of 235 million yuan, an increase of 420.24%. The main profit growth is as follows: direct operation The quality and profitability of channel operations have been significantly improved; franchise channel stores have expanded and terminal retail has resumed effective growth; the new retail operation capabilities of e-commerce channels have gradually increased.
In the second quarter of 2021, Peacebird achieved a net profit of 103 million yuan attributable to shareholders of listed companies after deducting non-recurring gains and losses, a year-on-year increase of 11 million yuan or 11.58%. The profit in the same period last year benefited greatly from During the epidemic, preferential support such as rent and social security reductions and exemptions were provided. In fact, the company’s profitability improved significantly in the second quarter of this year, and the company’s overall profitability is continuously optimized.
According to the brand Tmall “6·18” sales list disclosed by Alibaba’s third-party data, brands such as Anta, Li Ning, Semir, Balabala, Peacebird, Heilan Home, and Cotton Times performed well, all Entering the top ten lists in their respective categories. </p
