Textile And Garment Industry Should Pay Attention To The Target Of Reform In The Second Half Of The Year

In June 2016, the number of retail sales of major retail enterprises in China dropped by 1.1% over the same period last year.

Retail sales increased by 4.5% compared with the same period last year, while retail sales of cosmetics increased by 2.6% over the same period last year. The retail sales of 50 key large retail enterprises nationwide decreased by 0.2% compared with the same period last year.

Year-on-year increase of 4.8%, cosmetic products increased by 5.2% over the same period.

Industry and company tracking: 1, INTERCHINA group: large shareholder is one of the first pilot units of central enterprises, central enterprises are reforming the pure target, leading domestic military products are building sports comprehensive service formats, Huayuan, and large shareholder + Huijin holding 70%.

2, Shanghai Jahwa: 1) several major brands will soon be launched.

It is estimated that the new SKU will reach 500 in 16 years.

2) actively create "digital marketing, full channel supply".

3, cross border links: 1) the export B2C industry has obvious advantages in scale, the target 10% market share, and continuously push forward the five continents line, and the net interest rate is expected to gradually improve.

2) Yang Jianxin, the controlling shareholder, lifted the pledge of 75 million 300 thousand shares, and pledged 39 million 200 thousand shares, accumulatively pledged 125 million shares.

4, the precious bird: the controlling shareholder, the noble Bird Group pledged 61 million 400 thousand shares, accumulatively pledged 366 million shares.

5, Maison culture: 2 million 773 thousand shares of the controlling shareholder's equity pledge, and 110 million Pledged Shares.

6, search special: the company adjusts the fixed increase plan, the number of issuance is adjusted from no more than 297 million shares to no more than 255 million shares, and the total amount of raised funds is adjusted from no more than 3 billion 500 million yuan to no more than 3 billion yuan.

7, Song Li Si: the company holds more than 5% shareholders, the good international holding plan reduction does not exceed 8 million 658 thousand shares; the company stock is restored in July 20th.

8, Qingdao Jin Wang: the controlling shareholder Jin Wang pportation lifted the pledge of 15 million shares, then pledged 15 million shares, accumulatively pledged 86 million 985 thousand shares.

9, Huafu color spinning: the price of the non-public offering shares of the company is adjusted to no less than 12.62 yuan / share due to the allocation of rights and interests, and the adjusted quantity is no more than 174 million 300 thousand shares.

10, YOUNGOR: the company buys 250 million money management.

11, AOKANG International: Wang Chen, a shareholder of the company, has repurchased all of its 15 million 722 thousand stocks for a year due to capital turnover. At present, the risk is controllable.

12, Jian Sheng group: the company's revenue in the first half of 16 years was 298 million (-19.39%), and the net profit to the parent company was 75 million 910 thousand yuan (+26.58%). The net profit growth department's operating income increased substantially during the reporting period, mainly from the government's relocation compensation of 49 million 900 thousand yuan.

13, blonde Rabbi: the company's Dong Mi Bei Xu has an average price of 36.61 yuan / share to reduce 80 thousand shares; Deputy General Sun Yu has an average price of 38 yuan / share to reduce 1000 shares; Vice President Lin Jin Song has an average price of 37.89 yuan / share to reduce 160 thousand shares.

14, Lukang culture: 1) the company intends to invest 1 million yuan and 50 million yuan RMB respectively, and set up a wholly owned subsidiary, "Lukang cultural industry investment (Hongkong) Limited" and "Jiangsu Lukang Cultural Industry Investment Co., Ltd.".

15, nine herd Wang: 1) controlling shareholder 9 Mu Wang investment pledge 15 million shares, accumulative total pledge 140 million shares.

The controlling shareholder's equity pledge is 15 million shares, accumulatively pledged 156 million shares.

16, Xingye Technology: the company received 1 million yuan of government subsidies.

17, Kai Reed: the company provides a joint and several liability guarantee for three companies such as Dezhou Jinghua group and no more than 47 million 500 thousand yuan.

18, Shandong Ruyi: the controlling shareholder wool textile group lifted the pledge 6 million 460 thousand shares, and pledged 6 million 460 thousand shares, accumulatively pledged 42 million 60 thousand shares.

19, 2016 China cosmetics conference: Yan value economy industry space is large and growth is good, brand, channel and supply chain integration era has arrived.

Last week, the textile and clothing sector was weaker than the market: last week textile and clothing index fell 0.60%, compared with the 0.43% index of Shen Wan A index.

Among them, the textile manufacturing index fell 0.68%, relative to Shen Wan A rose 0.35%; clothing home textile index fell 0.55%, relative to Shen Wan A rose 0.48%.

Our view: in the first half of the year, the reform of state-owned enterprises was absent, and this year is the year of reform and implementation. Since July, the policy has been continuously expanding, and the pilot has been fully rolled out.

In the textile and garment industry, the direct benefit target is the Shenda group and leading shares expected by Shanghai's group reorganization, and Beijing's China group.

Recommended targets: 1) reform of state-owned enterprises: Shenda shares, leading shares, INTERCHINA group; 2) small market capitalization: Shandong Ruyi (expected to increase soon, large group of small companies are setting sail); 3) high growth: cross border links (expected to increase approvals approaching, expected to maintain 100%+ income and profit growth in the next two years); 4) traditional white horse: Hai Lan home, Semir clothing.