Textile and apparel performance gradually achieved positive growth

Textile and apparel performance gradually achieved positive growth The worst timing of textile manufacturing has not really passed. In the first three quarters, 30% of listed companies in the industry suffered losses, and 60% of listed companies' net profits declined in different degrees, of which nearly 20% of listed companies' net profits fell by more than 100%. The performance of the industry has fallen significantly and the industry leader has not been spared. Net profit of all sub-sectors declined, with worst performance in wool and cotton spinning. The revenue of these two sub-sectors dropped by 7.52% and 7.33% respectively year-on-year, while net profit fell by 120.52% and 51.72% respectively year-on-year. The possibility of continued decline in industry performance in the fourth quarter is high. The apparel textile industry has grown weakly. Although the performance of the clothing and home textile industry achieved a slight increase, the growth rate fell sharply year-on-year and slowed compared to the previous quarter. SW Garment Home Textiles achieved total operating income of 73.454 billion yuan, an increase of 13.27% year-on-year, a year-on-year decrease of 10.45%, and a net profit of 6.437 billion yuan, an increase of 2.28% year-on-year, a year-on-year decrease of 45.28 percentage points. The sub-industry's performance growth was relatively weak. Excluding a year-on-year increase in the net profit growth of the footwear and hat industry, the number of sub-sectors (men's wear, women's wear, casual wear, home textiles and other clothing) all slowed down to varying degrees. The net profit of the casual clothing sub-sector and the home textile sub-industry decreased by 14.67% and 2.43% year-on-year, respectively, and the decline was larger than that in the first half of this year. Men's wear, high-end women's wear, and outdoor sports are relatively good.

Dongguan Securities believes that the "neutral" rating for textile manufacturing and the "carefully recommended" rating for apparel textiles. The worst time in the industry has not really passed. It is expected that by the second half of next year, the business climate is expected to gradually recover and the business performance will gradually increase. In the fourth quarter, it is highly probable that the performance growth rate of the garment home textile industry will continue to decline. Some sub-sectors and individual stocks are still able to achieve relatively good growth, and therefore maintain a cautious recommendation rating on apparel textiles. Investors are advised to pay attention to seven wolves, Canoudi Road, Sutut Special, Pathfinder, Annunciation, Jiumu Wang, and Langzi.

Table pad description editor
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Table mat features
The main table mat is made of antistatic material and dissipative static material, such as rubber. The surface layer is about 0.5mm thick dissipative electrostatic layer, the bottom layer is about 1.5mm thick conductive layer. Commonly used for 2mm double layer composite structure. Table mat use time lasting, has good acidproof, anti alkali, anti chemical flux properties, and wear resistance, easy cleaning. Conductive mat is made of high quality conductive materials, synthetic rubber.
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Table mat/PVC Mat made of material
1) material: PP/PVC
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3) material SBR PVC/PP+EVA/ or natural rubber, etc
4) material: soft glass
5) PVC foaming [1]
6) material: crystal plate
9) material: chemical fiber
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