The Performance Of Knitting Listed Enterprises Generally Recovered In The Third Quarter, And The Growth In The Fourth Quarter May Be Further Accelerated

In the past three quarters, the knitting industry ushered in the biggest rebound season after the epidemic. Recently, the reporter combed the third quarter performance of a number of knitting listed enterprises and found that these enterprises showed a trend of performance recovery in the quarter. In contrast to the sharp decline in the first half of the year, the revenue of many enterprises increased year on year, and the losses were also significantly narrowed. Even many knitting enterprises also made profits in a single quarter. In the view of industry insiders, driven by the "double cycle" new development pattern, the full restart of the industrial chain in the third quarter and the superposition of autumn and winter sales peak seasons have gradually made the knitting industry out of the "haze" of the epidemic situation. It is expected that under the stimulation of the strongest online carrying activities such as "double 11" and "double 12" in the fourth quarter, the knitwear market will achieve steady growth in the further recovery. At the same time, it is worth noting that the accelerated expansion of online channels by various knitting enterprises will further intensify the market competition. However, industry insiders also pointed out that from the fourth quarter of 2020 to 2021, the development situation of knitting industry will still be full of challenges.

Third quarter performance improved gradually

In the third quarter, the business of the main knitting fabric listed companies showed a further recovery trend. Recently, the financial report of the first three quarters of 2020 released by jialinjie shows that in the first three quarters of 2020, the company realized a total operating revenue of 880 million yuan, with a year-on-year growth of 21.7%; the net profit attributable to the parent was 33.444 million yuan, which was - 19.127 million yuan in the same period of last year, turning losses into gains, increasing by 274.85%.

On November 1, Anhui Huamao Textile Co., Ltd. (hereinafter referred to as "Huamao") released the third quarter performance report of 2020. According to the financial report, in the first three quarters of this year, the company achieved revenue of 2.437 billion yuan, a year-on-year increase of 16.26%, and a net profit of 253 million yuan, a year-on-year decrease of 8.31%. However, in the third quarter, the company achieved a profit of 143 million yuan, an increase of 583.59% over the same period of last year. Compared with previous years, the situation in the third quarter was significantly improved.

In addition, as one of the domestic underwear giants, anlifang Holdings has not released the third quarter results, but according to its latest disclosure of the third quarter operating data, the company's third quarter performance growth further recovered. During the reporting period, the company realized a year-on-year increase of 8% in sales volume, and the same store sales showed a low single digit decline. It can be seen that anlifang has recovered to the same period last year and will even grow.

In the third quarter, the local "affordable underwear" King City beauty performance also recovered significantly. According to the performance report of the third quarter of 2020 released recently by metropolitan beauty, the company's production and operation in the third quarter recovered steadily, and the "new product + supply chain + online and offline retail end" was fully improved.

From the current performance of each enterprise in the third quarter, the revenue has recovered, but there is still a certain gap compared with previous years. It is expected that the fourth quarter will further recover with the arrival of traditional festivals and the gradual recovery of offline business.

Strong growth of new health protection products

In 2020, with the spread of new pneumonia in the world, jialinjie company quickly adjusted its product and market thinking, seized the high demand for epidemic products abroad, and successfully opened up a new market for global health protection products, which made the company develop more strongly and its market share further increased. In the second quarter, the company signed large orders for overseas epidemic prevention products. After making up for the loss in the first half of the year, the company realized an operating income of 282 million yuan in the third quarter, which was 0.35% lower than that of the same period last year, and the net profit loss was 9.1010 million yuan, but it still increased by 64.46% compared with the same period of last year.

Jialinjie said that the new business of protective products from January to September was an important reason for the company's profit growth. Due to the impact of new crown pneumonia, the operating performance of the company's overseas joint-stock companies was lower than expected, which affected the company's investment income in the reporting period, which was also the main reason for the company's negative net profit in the third quarter. This year, on the one hand, jialingjie continues to focus on the traditional advantageous industries, namely, the R & D of medium and high-end knitted and weft knitted functional fabrics and ready-made garments, providing customers with the whole industry chain service from weaving and dyeing to ready-made garments. The main products include three independently developed knitted fabric series, including pile fabric series represented by high elastic fiber high-density windproof layer clothing fabric, weft knitted wool fabric series represented by thin thermal elastic underwear fabric, and sports functional fabric series represented by moisture conductive and warm air sandwich clothing fabric, and some fabrics are made according to customers' requirements One step processing, in the form of ready to wear sales to customers. On the other hand, we should actively explore new markets for health protection products. With the rapid growth of overseas market demand for epidemic protection products, the company relies on the existing medical qualification, technology and production capacity to produce and sell isolation clothing, medical caps and other related protective materials.

In the first half of 2020, in the face of the global impact of the new crown pneumonia epidemic and the increasing economic downward pressure, Huamao management actively responded, led all employees to overcome difficulties, and actively promoted the resumption of work and production under the premise of formulating effective epidemic prevention and control measures and ensuring the safety of employees' production and life. At the same time, the investment in talents and capital in key driving factors such as R & D, design, innovation, market and service has gradually increased, the market leading advantage dominated by R & D has been further enhanced, and the comprehensive advantages of the industry have been further enhanced. Huamao's main business is cotton, wool, hemp, silk and man-made fiber pure, blended yarn and its fabrics, knitwear, clothing, printing and dyeing processing; textile equipment and accessories, home textiles sales.

Optimistic about online sales momentum

Affected by the Xinguan epidemic, by the end of September this year, the number of retail outlets held by anlifen had decreased by 118 to 1949, including 1743 sales counters and 206 specialized stores. The group is expected to continue to clean up inefficient stores this year and adjust its sales network to improve the overall operating efficiency, said an.

Founded in 1975 in Hong Kong, China, anlifang holdings mainly deals in women's underwear products. After more than 30 years of operation, it has developed into a modern large enterprise. So far, the company's retail business in more than 40 large cities in China. Like most physical retail stores, Amway holdings was hit hard during the outbreak. Especially in February this year, the company's supply chain was severely tested by the epidemic, and its production and distribution capacity fell into a passive position. In the first half of the year, the gross profit rate of an Lifang fell by 6.73 percentage points to 71.21%. To this end, the company has launched a transformation self-help activities as long as half a year. After coming out of the dangerous period, an Lifang said that she would strive to speed up the pace of digitization, reduce the dependence on stores, and gradually increase the brand's share in the online shopping market, so as to achieve a balance between online and offline sales.

As the impact of the domestic epidemic gradually subsided in the second half of the year, the revenue data of urban beauty continued to improve. In the third quarter, through close cooperation with various major platforms, including Alibaba (such as rhino smart manufacturing), Jingdong and vipshop, the company expects online sales to continue to grow in the fourth quarter.

Industry insiders believe that behind the brilliant report card of the third quarter, there are many factors superimposed. In the knitting listed enterprises, the trend of online and offline integration development is more prominent. The growth of urban beauty retail is not only driven by online channels, but also due to the group's all-round changes in brand, product, marketing and channel. It is understood that during the reporting period, city beauty has also taken a variety of innovative measures, such as accelerating the clearance of old stocks; optimizing the structure of franchisees; taking actions to ease the cash flow problems of franchisees; closing loss making shops, opening new stores and renovating existing stores with new images; and launching more classic / evergreen products. It is reported that from the beginning of the fourth quarter, urban beauty will also join hands with China youzan Co., Ltd. to promote Tencent small program business of franchisees. Through the linkage of online and offline integrated marketing, the activity of members is activated, the stickiness of members is enhanced and the repurchase rate is improved.