Chongqing Enterprises This Year Output Or Down 30% Garment Industry Downturn

Listed in late October

The three quarterly report of enterprises will be unveiled, but half of the companies listed on the 50 A share listed textile and apparel companies that have disclosed the three quarter earnings report will report bad news.

Li Yong, Secretary General of Chongqing textile and garment industry association, said yesterday that the local garment enterprises will be reduced by 3 percent this year.

According to the 2012 annual report, 87 clothing and textile enterprises have accumulated stock of 73 billion 200 million yuan, which is 69 billion 900 million yuan in 2011 and 50 billion 100 million yuan in 2010.

Although sales of clothing companies in the above scale showed signs of improvement in September, the signs of overall market weakness did not improve significantly in the third quarter.

According to WIND information statistics, according to the Shenyin and Wanguo industry classification standard, as of October 18th, 50 A share listed textile and garment companies disclosed the three quarter performance notice, 25 companies reported bad news, among which Vic essence, Shenzhen textile A, Changshan shares, San Mao Pai Shen, Jin Ying shares and Jiangsu sunshine 6 companies were the first to lose.

Founder Securities Industry Analyst Zhang Baoping said in an interview, "International

This year, textile and garment enterprises are facing severe challenges both inside and outside the country.

In the second half of this year, the overall growth of the textile and garment industry will decline sharply compared with the previous year. This is not only a risk for small and medium enterprises to be eliminated, but also a huge pressure for development of listed companies.

Zhang Baoping said that the current situation of weak external demand and domestic manufacturing downturn has not yet been fundamentally changed. Therefore, the textile and garment industry in the fourth quarter of this year will not be substantially improved in the first quarter of next year.

Affected by the big environment, local clothing sales are also affected.

"Compared with last year, output will be reduced by about 30%."

Li Yong, Secretary General of Chongqing textile and garment trade association, said in an interview with a Commercial Daily reporter that under the influence of the big environment, the entire clothing industry was also affected. Besides the increase in inventory, the clothing enterprises were also faced with the dilemma of increasing costs and reducing production.

Yu faction

Cheng Qifei, the vice president of the association and the boss of the company, said that during the National Day this year, the sales of Chongqing style clothing decreased by 20~30%.

The clothing market is relatively cold this year. The output of autumn and winter clothing has declined slightly compared to last year.