In the five trading days since the new year, the textile and garment sector has performed strongly, rising 2.45% as a whole, outperforming the Shanghai Stock Index (down 1.27% in the month), ranking in the forefront of Shenwan industry. Among them, the share prices of 89 stocks rose during the period, Leshan Giantstar Farming&Husbandry Corporation Limited(603477) , Jinzhou Cihang Group Co.Ltd(000587) , Zhejiang Kanglongda Special Protection Technology Co.Ltd(603665) , Modern Avenue Group Co.Ltd(002656) , Luolai Lifestyle Technology Co.Ltd(002293) , Zhejiang Weixing Industrial Development Co.Ltd(002003) , Xinlong Holding (Group) Company Ltd(000955) , Beijing Kingee Culture Development Co.Ltd(002721) and other 8 stocks increased by more than 10% during the period.
In this regard, sun Enxiang, a private placement network researcher interviewed by the reporter of Securities Daily, said, “We are optimistic about the investment opportunities of the garment and textile industry in 2022: on the one hand, the textile and garment industry has always had the problem of low gross profit. Therefore, the intelligent transformation of the textile and garment industry is inevitable in the future. By exploring production automation in the links with more employees, it is expected to improve the gross profit margin of the textile and garment industry by reducing costs and improving efficiency. On the other hand, the Chinese people With a large population base, long-term factors such as the upgrading demand of consumption in small cities and rural areas and short-term factors such as the decline of temperature and the advance of the Spring Festival, the resilience of the growth of textile and clothing demand is still growing. “
two factors support the performance of textile and garment industry
With the blessing of the “Winter Olympic economy”, the national tide and national style will continue to lead the new trend of China’s garment market, which also brings new opportunities to many textile and garment enterprises. On January 5, China Tourism Research Institute released the China ice and snow tourism development report (2022), which shows that ice and snow tourism is changing from new fashion and new folk customs to Lbx Pharmacy Chain Joint Stock Company(603883) normal lifestyle, “300 million people on ice and snow” has changed from vision to reality, and the number of ice and snow leisure tourists in China has increased from 170 million in the ice and snow season from 2016 to 2017, Increase to 254 million people in the ice and snow season from 2020 to 2021. It is estimated that during the ice and snow season from 2021 to 2022, the number of ice and snow leisure tourists in China will reach 305 million, and the income of ice and snow leisure tourism in China is expected to reach 323.3 billion yuan.
According to the data of the Bureau of statistics, from January to November 2021, industrial enterprises above Designated Size in the textile industry realized an operating revenue of 2286.81 billion yuan, a year-on-year increase of 10.2%; The total profit was 100.8 billion yuan, a year-on-year increase of 4.6%; Enterprises above Designated Size in the textile, clothing and apparel industry realized an operating revenue of 1330.31 billion yuan, a year-on-year increase of 7.7%; The total profit was 66.69 billion yuan, a year-on-year increase of 12.6%. In addition, from January to October 2021, the export of clothing and clothing accessories reached 138.9 billion US dollars, a year-on-year increase of 25.2%.
Source: National Bureau of Statistics
It can be seen that the performance of the textile and garment industry is generally good. According to the statistics of Hithink Royalflush Information Network Co.Ltd(300033) , among the 114 listed companies in the textile and garment industry, 82 companies achieved a year-on-year increase in net profit in the first three quarters of 2021, accounting for more than 70%. Among them, 36 companies doubled their net profits year-on-year during the reporting period. In addition, Leshan Giantstar Farming&Husbandry Corporation Limited(603477) , DEA shares, Rumere Co.Ltd(301088) and other three companies also disclosed the performance forecast of 2021, and the performance of these three companies was all expected.
\u3000\u3000 “The overall performance of the textile and garment industry in 2021 is good: on the one hand, affected by the overseas epidemic, orders are transferred to China; on the other hand, domestic brands are beginning to be sought after by young people and usher in rapid development opportunities. Looking forward to 2022, the trend of overseas orders driven by the epidemic to China is expected to slow down and the development of the industry will usher in differentiation. Specifically, can enterprises continue to expand in 2022 The continuous growth mainly depends on three aspects: first, a good brand image and national identity help to enhance the competitiveness of enterprises; Second, whether there is a high growth rate in the subdivided characteristic fields, such as sports clothing, secondary clothing and Han clothing, which have increased rapidly in recent years; Third, at present, Chinese clothing has a low listing rate in the construction of medium and high-end brands. Can we gradually realize the rise of domestic clothing brands with the help of local advantages? ” Chen Li, chief economist of Chuancai securities and director of the Research Institute, told reporters.
5 individual stocks gained additional positions in northbound funds
Boosted by multiple positive factors, recently, northbound funds have also begun to flow into some textile and garment sectors for position increase. Statistics show that up to now, 39 textile and garment stocks have been held by northbound funds, and five stocks have been favored by northbound funds since the new year. During the period of Youngor Group Co.Ltd(600177) , the number of northbound capital holdings ranked first, reaching 1164900 shares. During the period of Chow Tai Seng Jewellery Company Limited(002867) , Lancy Co.Ltd(002612) , Lao Feng Xiang Co.Ltd(600612) , Huali Industrial Group Company Limited(300979) , four stocks were also increased by northbound funds.
At the same time, the number of northbound capital positions of 22 individual shares, including Zhejiang Hangmin Co.Ltd(600987) , Jiangsu Jiangnan High Polymer Fiber Co.Ltd(600527) , Shenzhen Fuanna Bedding And Furnishing Co.Ltd(002327) , Henan Rebecca Hair Products Co.Ltd(600439) , Jiangsu Hongdou Industrial Co.Ltd(600400) , Bros Eastern Co.Ltd(601339) , Fujian Septwolves Industry Co.Ltd(002029) , remained unchanged during the period, and the number of shares held exceeded 50000.
According to incomplete statistics, since December last year, 20 securities companies including Citic Securities Company Limited(600030) , Chuancai securities and Orient Securities Company Limited(600958) have released 35 research reports, which strongly support the investment opportunities of textile and garment sector in 2022 and are optimistic about the opportunities of leading varieties of industry segments.
“Standing at the starting point of 2022, pay attention to the leading opportunities of industry segments.” The Citic Securities Company Limited(600030) industry strategy team believes that in the short term, under the background that the global epidemic has not been completely controlled, the trend of global order concentration to China will continue, and most textile manufacturing enterprises have strong orders and short-term performance is supported. In the long run, under the background of strengthened supervision of environmental protection and energy consumption, increasingly tight resource elements and diversified production capacity layout, the scarcity of head high-quality supply chain is gradually highlighting. At the same time, downstream head brands are also reducing the number of suppliers and improving management efficiency. The trend of increasing the market share of high-quality manufacturing is clear. Some high-quality manufacturing leaders have significant advantages in the subdivided fields and are at the starting point of the capacity expansion cycle. They are expected to usher in high-speed growth of performance in the next few years.
The Citic Securities Company Limited(600030) industry strategy team suggests that 2022 should focus on the following three main investment lines: first, enterprises with material technology breakthrough and high barriers should focus on Zhe Jiang Taihua New Material Co.Ltd(603055) and pay attention to Beijing Sanlian Hope Shin-Gosentechnical Service Co.Ltd(300384) and Hangzhou Juheshun New Material Co.Ltd(605166) ; Secondly, for the subdivided leaders with differentiation advantages, it is recommended to focus on Wuhu Fuchun Dye And Weave Co.Ltd(605189) , Huafu Fashion Co.Ltd(002042) , and it is recommended to pay attention to Zhejiang Xidamen New Material Co.Ltd(605155) , Jiangsu Lianfa Textile Co.Ltd(002394) , Jihua Group Corporation Limited(601718) , Hangzhou Chinastars Reflective Material Co.Ltd(301077) , Zhejiang Huilong New Materials Co.Ltd(301057) ; Third, it is an invisible champion who deeply binds high-quality customers and grows together with customers, focusing on Zhejiang Sunrise Garment Group Co.Ltd(605138) , Zhejiang Natural Outdoor Goods Inc(605080) .
In addition to brokerage institutions, private institutions are also optimistic about investment opportunities in the textile and garment sector in 2022. Wang Chunxiu, manager of dongtuo investment fund, told reporters, “2022 is still a de stocking cycle, and it is expected that the industry as a whole will maintain a year-on-year growth in the number of medium and low units. In this case, we are optimistic about some segments with high growth rate, such as sportswear and children’s wear. The brand strength and operation capacity are significantly better than the leaders in the segments of the industry as a whole, as well as domestic clothing brands that comply with the new consumption trend of the national trend.”
Table : list of textile and garment stocks with an increase of more than 5% since the new year
(source: Voice of Securities Daily)
