This week's market turmoil failed to continue last week's rise, the Shanghai Composite Index closed at 2123.85 points, down 0.18%, the Shenzhen composite index closed at 8740.075, rose 0.36%, and Shanghai and Shenzhen 300 closed at 2315.54 points, down 0.07%.

The plate fell 0.17% this week, with the textile manufacturing sector falling 0.03% and the apparel home textile sector down 0.28%.

Industry dynamic scanning

(1) in August, the number of retail sales of garments in 100 major major retail enterprises increased by 16.72% over the same period last year, and the retail sales increased by 5.03% over the same period last year. (2) the export of textile and clothing decreased by 3.3% in August; (3) the surplus of the textile industry surpassed 5 billion US dollars; (4) the international cotton price fundamentals widened loosely, and the cotton consumption prospects were dim; (5) the temporary storage and storage of cotton in the intermediate cotton store; (6)

It is hard to reverse the current situation of declining cotton prices.

Company News Click

(1) fuanna: using 140 million yuan to buy financial products; (2) Zara and other brands of autumn clothing prices fell 30%; (3) Burberry issued a profit warning, the luxury industry encountered a cold current; (4) Lining's overseas development was blocked again, and the only branch in Hongkong was closed.

Investment point of view textile manufacturing sub industry: textile industry inflection point has not yet appeared, the external market demand is still relatively low, the overall volatility of the textile sector is more likely.

Clothing home textile sub industry: in the weak market environment, the growth of performance is determined.

Enterprises have a better defensive nature. In the medium and long term, we are optimistic about the Pathfinder, the search for the special stock, the long grain stock, the nine herd king and the seven wolves.

Short term brand clothing plate lacks stock price catalyst, waiting for investment opportunities of valuation switching.