With the conclusion of the 2022 interim report disclosure, 186 A-share and Hong Kong-listed textile and apparel, chemical fiber manufacturing and textile machinery companies disclosed mid-year report cards. According to the monitoring statistics of the First Textile Network, in the first half of 2022, Shanghai and Shenzhen The 186 listed companies in textile and clothing, chemical fiber manufacturing and textile machinery in the two cities and the Hong Kong stock market achieved a total operating income of 456.829 billion yuan, an increase of 37.808 billion yuan compared with 419.021 billion yuan in the same period in 2021. The net profit attributable to shareholders of listed companies 40.351 billion yuan, a decrease of 4.856 billion yuan compared with 35.495 billion yuan in the same period in 2021.
In terms of operating income, Yue Yuen Group, ANTA Sports, Shenzhou International, Tianhong Textile, and Li-Ning are all at the top. In terms of net profit, Yue Yuen Group, ANTA Sports, Shenzhou International, Tianhong Textile, and Li-Ning are still at the forefront. .
Industry insiders said that on the report side, the operating income and net profit of relevant listed companies have achieved better-than-expected performance in the semi-annual reports. Judging from the interim reports that have been released, sports brands have performed particularly well, such as Li Ning II. The quarter’s performance exceeded expectations despite the epidemic, especially due to the solid full-year guidance from Adidas and Nike. The sports sector showed strong growth resilience. Upstream sportswear manufacturers with good demand performed well in the interim report due to their strong bargaining power in the industry chain. ; While the performance of some leading manufacturing companies has been under pressure due to factors such as raw materials, the overall judgment is that the textile and apparel industry is still recovering.
Ju Xinghai, an analyst at Guosheng Securities, said frankly that the recurrence of the epidemic has had an impact on the overall consumption ability of residents. They pay more attention to cost-effectiveness in the consumption process. At the same time, residents’ willingness to exercise has increased after the epidemic. Therefore, the overall sales performance of major sports brands and professional sports categories in the first half of the year was higher. Sports and lifestyle products are better. From observation, the current sales volume of sports shoes and clothing terminals has recovered rapidly. Tracking survey data shows that in July, the sales volume of Anta/Li Ning/Xtep brands increased by double digits/double digits/about 30% year-on-year, which was significantly better than the overall industry level; in the second half of the year Taking into account the changes in residents’ lifestyles after the epidemic, as well as the month-on-month improvement in the base and the encouragement of national policies, it is expected that sports shoes and apparel will have good growth elasticity; there is obvious room for improvement in the industry’s penetration rate in the medium and long term, the sector’s growth is certain, and the domestic leading market share is expected to increase.
From a manufacturing perspective, the stability of domestic and foreign operations on the production side has been enhanced, and the demand side of industry orders may be under a certain degree of pressure in the future. Ju Xinghai believes that the leading manufacturers have advantages in the industry chain and the order situation is relatively stable. It is worth noting that the direct exchange rate of the US dollar against the RMB fluctuated upward in the second quarter, and export-oriented manufacturing companies may benefit.
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