Down Industry Dynamics
1
Down Clothing OEM factory revenue has hit new highs repeatedly, and the order volume has reached the fourth quarter
Down Clothing OEM factory Guangyue (4438) hit a new record in June. The operator pointed out that Guangyue's operations are not affected by market adverse factors. It is expected that with the increase in the proportion of products with high average unit price, the annual operation should maintain 2-digit growth.
Guangyue pointed out that outdoor brand customers such as The North Face, Patagonia, Aritzia, etc. have placed strong orders, and sports brands have also produced and sold well, and there has been no adjustments in orders in hand. In 2022, brand customers have abundant orders, visibility has reached the fourth quarter, and the annual production capacity is full. Looking forward to the future, Guangyue said that the group's development focus will continue to expand the Jordan production base, and distribute product categories and strive for orders from new brand customers, and the operating scale will continue to expand.
down factory Guanglong (8916) ready-to-wear revenue in the second quarter reached 1.667 billion yuan, an annual increase of 31.6%. This is also the third consecutive quarterly revenue of Vietnam has reached more than 1 billion yuan in three consecutive quarters since the fourth quarter of last year, setting a record high in the historical single quarter. The shipment volume of outdoor functional products (stick clothing, down jackets, mountaineering and sleeping bags, etc.) in the second quarter increased by 11.3% compared with last year. Kwanglong Chairman Zhan Hebo said that in addition to investing US$10 million in advance to increase the garment production line of Indonesian factory, it will also increase Vietnam's existing production capacity and increase outsourcing capacity in the future.
Guanglong’s main products include ready-to-wear, down and home textile bedding. Regarding the overall operating outlook for the second half of the year, Guanglong pointed out that the garment production capacity schedule is still full, and the shipment momentum will continue. The annual growth rate in the second half of the year has the opportunity to surpass the first half of the year, home textiles will be better than the same period last year, and down can also remain the same as in the first half of the year.
Source | Zhongshi News Network
2
Almost all over the world are in the trade deficit of , so who is in the surplus?
Recently, the latest trade data from the German Federal Statistics Office showed that Germany's exports recorded a trade deficit of nearly 1 billion euros in May. This is the first time Germany has experienced a trade deficit since 1991. In fact, except for Germany, most countries in the world are experiencing a trade deficit.
France's trade deficit was 6.01 billion euros; Britain's trade deficit was 15.5 billion US dollars; Japan's trade deficit was 17.8 billion US dollars; South Korea's trade deficit was 1.71 billion US dollars; the United States trade deficit was 85.5 billion US dollars; India's trade deficit was 24.2 billion US dollars. So who is in the surplus?
Under the current international situation, resource countries have the advantage. For example, Australia, Russia, Brazil , Indonesia and Middle East countries, etc., have had good trade forms recently. China recorded a surplus of US$78.76 billion in May, with a total surplus of US$300 billion in the first five months, an increase of 50% year-on-year.
Recently, Ministry of Commerce spokesperson Shu Jueting said that since the beginning of this year, China's foreign trade has withstood multiple pressures at home and abroad and has achieved stable overall operation, and is expected to maintain high growth in June.
However, from the perspective of external demand, due to geopolitical conflicts and the accelerated tightening of monetary policies in some developed economies, the global economic growth rate may slow down, and the prospects for trade growth are not optimistic. From a domestic perspective, the foreign trade base has increased significantly in the second half of the year, and the comprehensive costs of enterprises are still at high levels, so it is still difficult to take orders and expand the market.
Source | Wall Street Experience, Aoki in the Far, Financial Times
3
"Jiangsu Haopin Global" Yangzhou Clothing Europe and America Special Session online held
is hosted by the Jiangsu Provincial Department of Commerce, jointly organized by Yangzhou Municipal Bureau of Commerce and Yangzhou Hanjiang District Bureau of Commerce, and specifically organized by Jiangsu International Trade Promotion Exhibition Co., Ltd., and hosted by , the "Jiangsu Excellents and Global Travel" online matchmaking meeting - Yangzhou Hanjiang Toys and Clothing Europe and America Special Session online held from July 11 to 15.
Nearly 40 foreign trade companies from Yangzhou, Jiangsu Province have been displayed online and negotiated with 40 powerful buyers in Europe and the United States through online platforms. The products of Chinese companies participating in the conference mainly include plush toys, clothing and garments, home textile products, various fabrics, etc.
high-end textile and clothing industry is an important traditional industry in Yangzhou, forming a trend of gathering and developing with Hanjiang brand clothing, Yizheng chemical fiber non-woven fabrics, Chenjizhen warp knitted textiles, and Gaoyou down products. In the sub-sectors, chemical fibers, clothing and down products have obvious distinctive advantages. Yangzhou companies participating in the conference said that at the moment when the international exhibition has not yet fully resumed, the online exchange of "screen to screen" has become a new platform to help carry out foreign trade business under the epidemic, and hope to build cooperation channels with more buyers through similar methods and strive for business opportunities.
Source | China Jiangsu Network
4
Court rushed for thousands of miles and was rumored to be "deadbeat" late at night
It is reported that in 2017, the applicant Lu'an a breeding farm signed a "Down Sales Contract" with a clothing company under execution Jiashan, and he supplied white duck down to the person subject to execution. Li and three others bear joint and several liability for the owed payment. After
, the person subject to execution defaulted on the payment for the goods for a long time. After repeated urges, the applicant filed a lawsuit with Jin'an Court. After the judgment came into effect, Li and others did not fulfill their repayment obligations within the prescribed time limit, and a breeding farm in Lu'an applied to the court for compulsory execution.
"Judge, Li has been at home recently. I hope you can come and execute as soon as possible!" On July 5, the execution judge received a call from the applicant and immediately organized four executive police officers to rush to Pinghu City, Zhejiang Province. On the same night, the executioner Li successfully detained the executioner Li.
In the police station, the executive judge explained the law to Li. In the end, Li realized his mistake and agreed to fulfill the 300,000 yuan payment, and obtained the applicant's understanding. Considering that Li had a good attitude and had elderly parents at home that needed care, the executive judge did not take detention measures against him.
Source | Lu'an Jin'an District People's Court
5
Shulan City : White goose breeding "money" has a good view The first batch of slaughtered this year
On July 7, Wang Weidong, member of the Standing Committee of the Jilin Municipal Party Committee and Minister of the Propaganda Department, inspected the development of the white goose industry on the spot at the Urban Investment Company white goose breeding base, Shulan City Fate white goose breeding base, and Jilin Bailing Down Co., Ltd.
He emphasized that the white goose industry is an important industry that promotes Shulan to enrich the people and strengthen the city. We must strive to break through the technical and capital bottlenecks, build a digital, large-scale and ecological white goose industry leading demonstration zone, and make the white goose industry the loudest city business card in Shulan.
This year, the Shulan Municipal Party Committee and Municipal Government identified the white goose industry as an advantageous characteristic industry and key project for rural revitalization, and issued the "Ten Support Policies for Encouraging the Development of White Goose Breeding Industry in Shulan City in 2022" to attract and drive farmers to develop the white goose breeding industry.
At present, the first batch of white geese have been slaughtered one after another, and the Shulan white geese industry has begun to show results. In the next step, Shulan City will continue to expand the construction of large-scale breeding communities, accelerate development, and achieve the overall goal of 3 million breeding units throughout the year.
Source | Shulan release
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