A Shares Apparel Company Third Quarter Inventory 38 Billion 200 Million People 3 Years Can Not Wear Out

What will happen if the production line of all garment enterprises in China is shut down for three years? Maybe your brain will be dressed up and dressed in shabby clothes immediately, but the fact is that it will probably be all right.

Quarterly reports show that only 22 A share apparel listed companies

It has reached an astonishing 38 billion 200 million yuan.

Before the figure burst, the total backlog of 48 billion 300 million yuan in the first half of 42 garment enterprises has been shocking.

Investigation: private enterprises stop wholesale and sell only stock.

How depressed is the market to what extent? Cao Chunxiang, who has just returned from the wholesale clothing market of Lotus Pond in Chengdu, has repeatedly complained to reporters that "this is different from the past". "In previous years, the wholesale market was a sea of people. In the past, it was sparse in the past, and some of the shops were not even there."

It is reported that "Lotus Pond" ranks the seventh place in the hundred comprehensive trading markets with its annual turnover of billions of billions of dollars, and the clothing category is the largest in the western market, with a daily turnover of 300 thousand people.

Despite being an outsider, Mr. Lu, a member of the Hangzhou public, agrees.

"As long as the cars used to go to the wholesale clothing blocks in Sijiqing, they will be particularly blocked. Now the nearby buses are cold and clear, and the buses and the buses in loading and unloading are obviously less."

"Sijiqing" is a wholesale clothing distributing center similar to "Lotus Pond" in Hangzhou.

"Starting last November, the stall price would not be rented out.

At least 30 percent off of the shop rent has been paid. The rental price can reach 350 thousand last year. Even if we rent 100 thousand yuan to the original tenant this year, the other party will not be willing to renew it.

Mr. Zhang, a veteran dealer in Sijiqing wholesale market, told reporters.

He told reporters that the difficulty of rent is reflected in the popularity of wholesale clothing.

"Not only do garment manufacturers pile up a lot of inventory, but the wholesale links in the middle also overstock them, but these private wholesalers are easier to turn around than have equipment and assembly lines. When the situation is not good, they withdraw and no longer enter new products. They just want to clear up their stores as soon as possible and sell them to other businesses."

"If you look at Cheap Road now, the share of retail is expanding and prices are going up. Wholesale will not be able to sustain this year."

Underwear brands like three guns are in the "buffer" zone because of the rigid demand and the slow market rule. Cao Chunxiang, a well versed clothing industry, still admits to reporters.

But in the so-called "old thriving" clothing city, "Miss camp" for twelve years, Miss Wang believes that even if no consideration is given to the increase or decrease of terminal demand, the "golden age" of wholesale channels in Cheap Road is already at sunset.

"I specialize in Japan's original single business, from the factory to carry out quality inspection with small defects in the end of the sale, before the business has been very prosperous, but this month, it has lost ten big customers."

The reporter understands that customer churn is mostly related to "net".

"A few of them are online shops, and have done a large scale. Now they are directly looking for manufacturers to take delivery of goods, skip a first-class wholesaler, and have several resources that are not owned by their own manufacturers, but the source of goods has also been pferred online. We have hundreds of thousands of rents a year, and the price advantage on the Internet is even greater."

Miss Wang said as if.

On the best floor stands of many buildings such as the prosperous international fashion city and the Lian Fu Commercial Plaza, the reporters also saw slogans full of "the end of the season clearance" and "jumping the floor sale".

The carton is built up.

Figures: 2/3 listed companies continued to rise in the three quarter.

The comparison of the earnings reports of several A share listed clothing enterprises in the past two quarters shows that "inventory" has become the "Damour's sword" on top of almost every enterprise.

According to flush (12.300,0.00,0.00%) iFinD data, 39 home textile garments were counted by Shen Wan industry. As of the first half of 2012, there were 34 home textile and garment enterprises with a stock exceeding 100 million yuan, of which 5 home textile and garment enterprises stock exceeded 1 billion yuan.

If the scope is extended to the 80 listed companies of the entire textile and garment sector, 66 stocks will exceed 100 million yuan, and 11 companies will stock more than 1 billion yuan.

After eliminating the *ST Far East and ST ray B (1.430,0.00,0.00%), the financial weekly newspaper found that 37 of the apparel listed companies found that the total inventory of the 2012 consolidated reports was 44 billion 985 million yuan, while only 4 of the inventories were below 100 million.

In the second half of the year, the situation is still growing.

Compared with the two quarter, 2/3 companies have seen an increase in the inventory of annulus stocks.

Reporters noted that the first half of the stock has reached 1 billion 753 million yuan in the United States dress (12, -0.32, -2.60%), the third quarter increased by 446 million yuan; seven wolves (15.70, -0.47, -2.91%) stock increased by 244 million yuan, ranking in the stock of 7-8 billion yuan; the Pathfinder (13.260, -0.15, -1.12%) also increased by nearly 200 million yuan, stock approaching 500 million yuan.

Reporters read the annual report found that

(18.76, -1.23, -6.15%), for example, its stock in recent 5 years has jumped year by year.

In 2007, the total stock of Semir clothing was 280 million yuan, increased to 540 million yuan in 2008, and the inventory threshold of 1 billion yuan in 2010 was stable at 1 billion 90 million yuan in 2011. However, in the first half of this year, the stock reached 1 billion 470 million yuan, which means that the growth rate in the first half year was much higher than that in the past.

The annual report of good news bird (8.27, -0.92, -10.01%) in recent 5 years also showed similar trend.

In 2007, the stock was 110 million yuan, an increase of 180 million yuan in 2008, a slight increase of 10 million yuan in 2009, an increase of 60 million yuan in 2010, a rise to 510 million yuan in 2011, an increase of 140 million yuan in the first half of this year, and an increase of half a year in the past year.

Take Lining as an example, the company's inventory in 2011 was 1 billion 133 million yuan, an increase of 40.64% over the 806 million yuan in 2010.

Higher inventories increased Lining's inventory provision to 188 million yuan in 2011, a 63.48% increase over the same period in 2010.

Another intuitive data is: first half of the year.

Over 100 days, the number of listed apparel enterprises reached 30.

Among them, the top three listed companies with the longest inventory turnover were ST Rey B, YOUNGOR (6.81, -0.12, -1.73%), and red bean (3.87, -0.19, -4.68%), and the turnover days were 10843 days, 1557 days, 1199 days.