In the first half of the year, the domestic textile industry continues to find the bottom

In the first half of the year, the domestic textile industry continues to find the bottom

The disclosure of the interim report was completed in the first half of the year and the profit and loss statement showed that the industry as a whole continues to look

In the first and second quarters, the income of listed companies in the textile and apparel industry fell by 1.61% and 4.30%, respectively, while net profit fell by 0.62% and 2.37%, respectively. Among them, manufacturing revenue grew steadily, the growth rate slowed from the middle period of last year, net profit decreased year-on-year, gross margin and net profit margin fell slightly; consumer income decreased year-on-year, net profit growth slowed, gross profit margin and net profit margin increased. .

The adjustments of performance of key consumer companies were higher than the industry average: In the first and second quarter, the revenue of key consumer companies decreased by 9.39% and 6.66%, and their net profits decreased by 14.42% and 24.81% respectively.

The balance sheet and cash flow statement show that the company's financial indicators have continued to deteriorate. It also confirms that the industry has not reached the bottom, and the business operations tend to be cautious:

For the whole industry, the average inventory in the first half of the year increased by 6.12% year-on-year, which was higher than the same period of last year. The inventory turnover rate was 1.25 times, the lowest in the same period in the last three years (1.5 times in the same period of last year); meanwhile, the year-on-year growth rate of accounts receivable slowed down to 4.37% (13.99% in the same period of last year), and the turnover rate of accounts receivable decreased from 4.56 times in the same period of last year to 4.29 times;

The turnover of textiles (all manufacturing) inventories and accounts receivable was similar to that of the entire industry, with a decrease of 0.15 and 0.67 times, respectively. It is worth noting that the net operating flow of the textile segment has improved since the middle of the 12th year (net worth is greater than net profit), and it has been declining since the middle of the 13th.

These show that the operation of manufacturing textile enterprises is also facing difficulties

For key consumer companies, accounts receivable decreased by 7.26% in the first half of this year. The turnover rate of accounts receivable was the same as that of the same period of last year; inventory contrarian rose by 10.08%, and the inventory turnover rate decreased from 0.98 to 0.82 in the same period of last year. In addition, the net operating cash flow continued to be lower than the net profit. The stabilization of accounts receivable turnover shows that companies adopt more prudent business strategies. Despite caution, inventory continues to grow, and inventory pressure remains huge.

The external factors for the industry to continue its bottoming out are that exports are constrained by the slow recovery of external demand and rising costs, domestic demand by foreign brands and e-commerce; the internal mechanism lies in the early expansion of the company to leave hidden concerns, and successful transition will take time.

At the moment when the macro economy is facing a deceleration in growth rates and the reform dividend has not yet clearly manifested, we expect the textile and apparel industry to remain at the bottom in the second half of the year and there may be signs of recovery after the Spring Festival in 2015.

FR Coverall is a protective garment that is worn during work and produce. The style of structure, color configuration and material selection of the FR Coverall are designed for the purpose of safety first, which is the functional difference between the work FR Coverall and other garments. Furthermore, in the design of labor protection FR Coverall,FR Jackets,FR Shirts,FR Pants. Which safety and protection functions are the first. On this basis, the rationality and comfort of the FR Suit shape should be considered, so that the binding force of the FR Coverall to the human body is reduced to a minimum, thereby improving the work effectiveness.

FR Coveralls

Fr Coveralls,Fireproof Coverall,Workwear Coverall,Safety Coverall

Xinxiang Xinke Protective Technology Co, Ltd. , https://www.coverallsuit.com