Textile and Apparel Industry: The most turbulent stage for the steady growth of individual stocks is the safest

The number of primary products exported by China's textile industry has a declining trend, the number of exports has gradually declined, and the growth of export value will also enter the long-term slow growth and negative growth areas.

In April, the total retail sales of social consumer goods was 1,560.3 billion yuan, a year-on-year growth rate of 14.10%, and the growth rate continued to decrease. Similar to that in 2009, the recovery of consumption was later than expected.

In terms of production, the PPI for the textile industry in April was -4.98, which has fallen sharply. The PPI for textiles, clothing, shoes and hats was 2.54, and the upward trend has been curbed, with a slight drop. In terms of sales, the growth rate of the retail price index for textiles has gradually declined, and the retail price index for clothing, footwear, and hats has fallen from its high point. In April, the textile RPI index was 2.0, and the decline rate was much lower than the ex-factory price index; the RPI index of clothing, footwear, and hats fell slightly from the previous month to 3.4.

Looking at the prices of apparel raw materials and intermediate products, the price of raw materials has been falling all the way, and since 2011, the prices of various types of intermediate products have remained stable, and grey fabrics and apparel accessories have risen slightly this year. Roughly processed products have a certain profit, and the prices of intermediate products mainly change slightly with changes in supply and demand.

The accumulated year-on-year growth rate of main business income, operating costs, and operating profit of textile enterprises has fallen sharply since 2011, and the growth rate of profits has declined particularly sharply. It is now approaching zero growth. The industrial sales output value and export delivery value of textile enterprises also showed the same decrease, especially the cumulative year-on-year growth rate of export delivery value was close to the critical point, indicating that the situation of exports deteriorated more severely, domestic production and sales were better than exports, but The trend is also not optimistic