Data tracking

Recently, the General Administration of Customs announced China. Spin Clothing export data: 1-9 months, China's textile and apparel exports totaled $186 billion 139 million, slowing to 24.3% year-on-year.

Industry news

1, the "eleven" golden cycle market is prosperous and stable, and the sales growth of large retail enterprises is stable.

2, industry analysis: more needs to be strengthened in the spanformation period. brand Advantages.

3, the cost advantage gradually lost textile order spanfer acceleration.

4, cotton harvest is hard to break the stalemate in the industrial chain.

Company news

1, cashmere industry "cashmere processing technology" obtained Invention Patent certificate. 2, China's apparel shareholders reduce company shares.

Copies. 3, Shandong Ruyi set up Xinjiang's wholly owned subsidiary's progress announcement. 4, seven wolves issued the three quarter performance correction bulletin.

Market performance

In the first 2 weeks of October, the textile and garment industry increased by 3.21%, and the overall performance was better than the market.

Investment suggestion

Textile and garment industry 2011 three quarterly performance prospects.

We expect that, influenced by factors such as "roller coaster market" of raw material prices, tight enterprise funds and rising labor costs, the three profit growth rate of the 2011 quarterly report will be divided: the brand home textile industry with bargaining power will continue to advance rapidly and its performance will exceed expectations; the brand menswear leisure industry will benefit from the upgrading of consumption and maintain a relatively fast growth rate; and manufacturing and processing enterprises will slow down obviously because of the strong sentiment of wait-and-see sentiment on the market and the reduction of orders or delay orders.

We maintain our previous proposal that the current textile industry is clothing Plate investment needs to grasp two main lines: "defense" + "high growth". We recommend paying attention to brand retail enterprises with good quality, low valuation and good growth.

1) benefited from the upgrading of consumption, the industry entered a period of rapid growth, and the domestic textile industry with a growth rate of more than 40%, such as Luo Lai home textile, fuanna and so on; 2) the quality of the company was excellent, its business was stable and steady, its growth was determined, its growth rate was around 25%-35%, such as nine herding kings, Semir, and 3.