Operating Performance Continues To Grow

1~4 months, the whole country clothing And textiles total volume of retail sales Cumulative growth of 35.10% over the same period. Exit Super expectations came mainly from the increase in prices, the first quarter of China Spin Cumulative export volume of garments increase 25.6%.

The cotton price dropped to around 24600 yuan / ton, which is obviously good for textile and garment enterprises. The basic expectation of the future is that the growth rate of domestic sales in 2011 can reach more than 30%, and the actual growth rate can also reach 23%~27% level after deducting CPI factors. The inflation rate will gradually decrease and the subsequent sales of clothing will not be squeezed. Exports will be affected by tax rebates, product prices and industrial transfer to Southeast Asia, and are expected to grow by 15% throughout the year. This year's high growth of garment enterprises is more deterministic, and orders will be partially locked. The profit margin of manufacturing enterprises will decrease. In 2010, the textile and garment sector revenue increased by 26.88% over the same period, the textile growth rate was 23.27%, the clothing was 30.68%, all the listed companies were profitable. The main reason is that domestic demand starts, and sales rise rapidly in the second half of the year. Gross margins and net interest rates rose year-on-year. The industry's overall capital operation capability and solvency increased.

The textile and garment sector continued to boom in the first quarter of 2010. The industry revenue increased 29.75% over the same period last year, and the total profit increased by 103.16% compared with the same period last year. Net profit increased by 100.39% over the same period last year. The textile industry outperformed the garment industry. The income and profit level of textile industry reached its peak in the highest period of raw material price.

Concerned about low valuation and excellent brand clothing stocks. We believe that the operating performance of the semi annual report and the second half of the year will continue to grow and the profit margin will expand.

Recommend the company: the brand has fuanna, Meng Jie home textile, Luo Lai home textile and American bond clothing; the manufacture has the Lu Tai and Huafu color spinning. Watch out for varieties and Pathfinder.