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Textile and garment industry: Textile and garment demand continues to recover

Textile and garment industry: Textile and garment demand continues to recover

(Summary description)The Shenwan Textile and apparel index fell 3.98 per cent last week, outperforming the Shanghai Composite index by 2.35 percentage points and ranking 25th among the 28 primary industry indexes. Societe Generale technology, Noble shares, Hongda high-tech gains top. In the short term, the epidemic situation in China is well under control, foreign orders are transferred to China, and the domestic textile and apparel industry welcomes the peak season for sales.

Textile and garment industry: Textile and garment demand continues to recover

(Summary description)The Shenwan Textile and apparel index fell 3.98 per cent last week, outperforming the Shanghai Composite index by 2.35 percentage points and ranking 25th among the 28 primary industry indexes. Societe Generale technology, Noble shares, Hongda high-tech gains top. In the short term, the epidemic situation in China is well under control, foreign orders are transferred to China, and the domestic textile and apparel industry welcomes the peak season for sales.

Information

The Shenwan Textile and apparel index fell 3.98 per cent last week, outperforming the Shanghai Composite index by 2.35 percentage points and ranking 25th among the 28 primary industry indexes. Societe Generale technology, Noble shares, Hongda high-tech gains top. In the short term, the epidemic situation in China is well under control, foreign orders are transferred to China, and the domestic textile and apparel industry welcomes the peak season for sales. Market demand continues to release, and the fundamental repair of individual stocks will be further improved. In the medium and long term, the epidemic has prompted more people to attach importance to physical health and physical exercise. In the future, with the increase in the number of times people go out for activities and the cultivation of physical exercise habits, the demand for sports clothing is experiencing a rebound, and we continue to look forward to the leading enterprises of high-quality sports clothing that have overfallen due to the epidemic.

Investment Points:

Market Review: Last week (October 26 - October 30), The Shenwan Textile and Apparel Index fell 3.98%, outperforming the Shanghai Composite Index by 2.35 percentage points, ranking 25th in the rise and fall of shenwan's 28 primary industry indexes. Since the beginning of the year, The Shenwan Textile and Apparel Index has fallen by 1.90%, outperforming the Shanghai Composite Index by 7.62 percentage points, ranking the 21st among the 28 first-class sub-industries in Shenwan. In terms of the secondary sub-sector, last week textile manufacturing -3.28%, clothing home textile -4.39%. The PE value of the plate is 30.77 for textile manufacturing and 41.08 for clothing and home textiles. In terms of sub-components, in the textile manufacturing last week, woollen -2.54%, cotton -3.97%, silk -0.35%, printing and dyeing -6.80%, auxiliary materials -5.50%, other textiles -4.63%; In clothing and home textiles, men's clothing -4.81%, women's clothing -6.09%, casual clothing -5.73%, shoes and hats -5.83%, home textiles -2.26%, and other clothing -2.90%.

Major events in the industry: Abroad: Excessive monsoon rains in India, tight supply of high-grade cotton; The EU continues to suspend duties and VAT on imports of medical equipment and personal protective equipment. Domestic: rising prices of raw materials, *** continued to strengthen squeeze textile enterprises profit space; Double 11 stimulates consumption, but the textile market appears to cool.

Important announcements of listed companies: Mengjie Stock, Jiansheng Group, Semir Apparel, Mercury Home Textile, Helan Home, Goliath, Kairun Stock, And Huafu Fashion released the third quarterly report; Huafu Fashion set up a subsidiary company; Increased holdings of the controlling shareholder of Goliath; Director of Bienleffen reduced holdings.

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HOT SUN

We produce various headwear with different material, including baseball cap, visor, Gatsby, bucket hat and winter hats. We always use high quality fabric and components supplied by qualified factories, and we also develop latest material for new styles.

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YANTAI HOT SUN GARMENT & ACCESSORIES CO.,LTD.

ADD: 93 DANYA WEST ROAD, LAIYANG, SHANDONG, CHINA
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