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Textile And Garment Industry Exports Decline, Industry Downturn Will Continue

2008/7/21 11:38:00 47

Textile And Garment Industry Exports Decline Industry Downturn Will Continue

In 08 years and 1-5 months, the total sales revenue of the whole industry reached 12477 billion yuan, an increase of 16.5% over the same period last year, and realized a total profit of 42 billion 800 million yuan, an increase of 9.1% over the same period last year.

Sales revenue and profit growth rate decreased by 7.24 and 32.03 percentage points respectively over the same period last year.

There were 10498 loss making enterprises in the industry, with a loss of 22.85%, an increase of 1.57 percentage points over the same period last year.

In May 08, the industry exported 14 billion 9 million US dollars, an increase of 8.19% over the same period last year, a decrease of 5.28 percentage points over the same period last year.

Among them, textile exports amounted to US $5 billion 969 million, an increase of 23.02% over the previous year, and clothing exports of US $8 billion 40 million, an increase of -0.69% over the same period last year.

Weixing shares (002003): it is expected that the first half performance will grow by 60%, and the mid term EPS will be 0.25 yuan. As the 3 quarter is the peak selling season of the company, it is expected that the annual performance will grow by more than 30% and EPS 0.86 yuan.

Investment rating: increase holdings.

Seven wolves (002029): medium term performance is expected to grow by 180%, EPS 0.30 yuan.

The growth trend of the company will continue in the second half of the year, but the advertising cost will increase substantially during the second half of the Olympic Games. The annual performance is expected to increase by more than 75% and EPS 0.56 yuan.

Investment rating: increase holdings.

Lu Tai A (000726): expected performance in the first half increased by 35%, EPS 0.34 yuan.

Annual performance growth of more than 20%, according to the capital account after the issuance of EPS 0.60 yuan.

Investment rating: cautious increase.

YOUNGOR (600177): medium term profit growth is expected to be close to 30%, earnings per share are 0.30 yuan, plus investment income, EPS is about 0.65 yuan, the main business growth is around 25%, and the main industry earnings per share are about 0.55 yuan.

Investment rating: cautious increase.

Good news bird (002154): the first half is expected to grow by more than 80% yuan, EPS0.14 yuan.

In the second half of last year, the growth rate declined due to the high base last year.

The annual growth is expected to be nearly 30%, EPS0.55 yuan.

Investment rating: cautious increase.

Zhonghe shares (002070): expected medium-term performance fell 15%, EPS0.11 yuan, lower than originally expected.

Annual performance will not increase significantly, EPS0.28 yuan.

Investment rating: cautious increase

Xun Xing shares (002098): it is expected that the company's medium-term performance growth will be less than 10% yuan, EPS0.23 yuan.

Below market expectations.

In the second half of the year, the external business environment of the company is still difficult to improve. The annual growth of EPS0.50 yuan is less than 20%.

Investment rating: cautious increase.