RMB Depreciation, Export Trade Oriented Textile Industry Is Expected To Benefit

Yesterday, the central parity of RMB against the US dollar announced by the central bank dropped by 294 basis points compared with the previous trading day, which set a record low of 5 years since February 2011.

As a result, the RMB and the US dollar both fell in the two markets offshore and offshore.

There has been a consensus that the market is going to depreciate for a long time.

Analysts say that the devaluation of the renminbi is in fact a return to the normal channel, so the market is not very responsive.

The direct reason is that the Fed's interest rate hike in 6 and July is increasing. In addition to the hawk's remarks of the Fed officials in the minutes of the meeting in April, Yellen stressed in his speech last Friday that "raising interest rates in the next few months is appropriate", which greatly boosted the US dollar. Meanwhile, the referendum in Britain is another time bomb.

Driven by multiple backgrounds, textile industry based on export trade is expected to benefit.

Huafang shares is one of the leading enterprises in the domestic textile and dyeing industry.

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Products and other fields, with printing and dyeing cloth production capacity of 280 million meters, the annual home textile production capacity of 10 million pieces (sets), clothing production capacity 3 million.

The company intends to raise capital of not more than 900 million yuan, of which 150 million yuan is used to build intelligent research and development center of textile industry chain based on industrial 4 according to the 2025 national manufacturing planning and design. It will establish a digital and intelligent textile industrial chain technology innovation system and cultivate its own brand.

After the completion of the "intelligent factory", the company will enhance the industry's innovation ability, promote the combination of textile and strategic emerging industries (AI, net value and information), speed up the elimination and pformation of backward production capacity, and help the company smoothly pform to the brand business.

In the context of the government's push for supply side reform to help upgrade consumption, the company is expected to rely on intelligent and branded layout to seize the opportunity.

Jihua Group is a production and support base for munitions in the Chinese armed forces and armed police forces. It is the main supplier of uniform clothing units and professional clothing units.

The company has become the largest and oldest producer of light industry in China. It has the annual production capacity of 60 million sets of professional clothing, 150 million pairs of professional footwear, 120 million meters of grey cloth and 160 million meters of dyed fabrics.

With the deepening of product structure and industrial structure adjustment, the company has formed professional plates, professional footwear, leather shoes, textile printing and dyeing, protective harness and other business segments.

The company has a complete industrial chain from raw material production and procurement, research and innovation, to product manufacturing, sales and service, which can meet the individual requirements of customers and provide system integration services.

At present, the company is promoting the high-end brand building with "JH1912" brand as the core, and comprehensively promotes the upgrading of all the brands in China.

"Fu Shi" is the largest and largest household textile company in the world with the highest level of technology and equipment.

In 2012, the company launched the B2C e-commerce product experience platform, dedicated to establishing a one-stop B2C e-commerce product experience platform with the core of "China's supporting soft home leadership brand".

At present, the company has set up three platforms, such as Fu Tian mall, Tmall store and Tmall store.

The company's goal is to strive for the end of 12th Five-Year, and sales in the domestic market exceed 3 billion yuan, making it a leading brand of China's supporting soft home.

At present, the conversion rate of new products is over 80%, supporting the global market and brand operation of enterprises, and gradually moving towards the high value-added link of the industrial chain.

Lu Tai A is a highly integrated textile enterprise that combines spinning, bleaching, dyeing, weaving, finishing and clothing. Its leading products are shirts, dyed fabrics and shirts.

More than 80% of the company's products are exported, and the market covers more than 30 countries and regions, such as Japan, Korea, the United States, the United Kingdom, Italy and so on.

As a leader in textile manufacturing industry, we expect gradual release of capacity and flexible customization.