Investment Analysis Report Of China'S Textile And Garment Industry (2010 Half Year)

2010/8/9 9:11:00 43

China's macroeconomic data is good.

Chinese stock market

The cornerstone of the rise.

Although China's stock market fell sharply in the first half of the year, it was mainly attributed to the lack of confidence in the Chinese economy.

With the gradual announcement of economic data in the first half of this year, the confidence of investors is gradually increasing, and the market rebound will come soon.

Textile and garment industry also fell in the first half of the year, but the decline was smaller than the market.

Textile and garment industry

Assets are better than average.

In the second half of the year, it will rise with the rise of the market, and the extent must be greater than the market.

The pressure of RMB appreciation will greatly reduce the profit margins of the textile and garment industry.

Data research shows that the annual profit growth rate of the textile and garment industry will be reduced by 2.7 percentage points, which is 1 percentage points higher than that of the previous year.

Raw material

The rising price will bring great pressure to the textile and garment industry.

Research shows that raw material prices in the first half of the year increased by an average of 33.1% over the same period last year.

Labor costs are also rising rapidly due to the influx of "migrant workers" and "minimum wage".

The average wage of textile and garment industry in 2010 is expected to rise by 17.32% over the same period.