Strongly Recommended: Textile & Apparel Industry Rises Against the Market, Reaffirming Continuous Positive Catalysts, Optimistic About Investment Opportunities in Textile & Apparel - GF Securities Textile & Apparel

English summary

# Strongly Recommended: Textile & Apparel Industry Rises Against the Market, Reaffirming Continuous Positive Catalysts, Optimistic About Investment Opportunities in Textile & Apparel - GF Textile & Apparel 1) Continuous positive catalysts! Retail sales of clothing and home textiles have stabilized and rebounded, growing 3.60%, 3.80%, and 3.90% in April, May, and June respectively. The '15th Five-Year Plan for Expanding Consumption' is positive for multiple sub-sectors in the textile and apparel industry, including children's clothing and shoes, children's bedding, intangible cultural heritage brands, sports footwear and apparel, outdoor footwear and apparel, mid-to-high-end brands, and IP assets. In June, the growth rate of textile and apparel exports hit a new high since March; specifically, China's textile exports (in USD) increased by 12.25% year-on-year, and apparel exports (in USD) increased by 3.21% year-on-year. 2) Optimistic about investment opportunities in the textile and apparel industry! In the upstream textile manufacturing sector, we recommend focusing on: (1) Leading foundry companies expected to see an inflection point upward in H2 performance. Targets: Crystal International (H), Weixing Shares, Huali Group, Shenzhou International (H), etc. (2) Beneficiaries of the price increase chain in the sector, such as wool, cotton, nylon. Targets: Xin'ao Shares, Bailong, Taihua New Materials, etc. ...