纺织服装行业周报20240923-20240927：报喜鸟大股东定增提振市场信心，Q3前瞻推荐高景气及环比改善个股

Investment Rating - The report provides a positive outlook for the textile and apparel industry, particularly highlighting the potential for market confidence to be boosted by the recent stock issuance by Baoxiniang [2][38]. Core Insights - Baoxiniang plans to issue up to 285,714,285 shares at a price of 2.80 CNY per share, raising a total of up to 800 million CNY, aimed at replenishing working capital and repaying bank loans. This move is seen as a significant bottom-up investment by the major shareholder, which could enhance market confidence [2][38]. - The report notes that the decline in Baoxiniang's stock price was primarily due to weak consumer confidence affecting the HAZZYS brand and high comparative figures from the previous year in the formal wear segment. However, the growth potential for HAZZYS remains to be seen as the market adjusts [2][38]. - The report forecasts a continued weak performance in the apparel sector for Q3, with recommendations for companies showing improvement in their performance, such as Senma Clothing and Jiama Clothing [2][38]. Summary by Sections Market Performance - The Shanghai Composite Index rose by 12.81%, while the textile and apparel sector increased by 13.51%, outperforming the Shanghai Composite by 0.70% [39]. - The textile manufacturing sector rose by 8.30%, and the apparel and home textile sector increased by 17.98% [39]. Raw Material Data - As of September 27, the China Cotton 3128B Index was 15,281 CNY/ton, reflecting a 1.02% increase. However, it has decreased by 7.17% since the beginning of the year [47]. - The average price of Australian wool has decreased by 7.26% year-to-date, with the current index at 1,124 AUD/ton [51]. Export Data - From January to August 2024, textile and apparel exports totaled 196.125 billion USD, a year-on-year decrease of 2.03%. In August alone, exports were 27.951 billion USD, showing a slight year-on-year increase of 0.32% [63]. - The export of oilcloth, tarpaulins, and sunshades for the same period reached 2.843 billion USD, with a year-on-year increase of 1.54% [66]. Consumer Trends - On the Douyin platform, sales in the sports category saw significant growth, with sports bags, shoes, and clothing increasing by 113.5%, 59.2%, and 57.9% respectively in August [68]. - On Taobao and Tmall, children's clothing experienced the highest growth rate at 82.7%, while men's clothing saw a decline of 28.0% [72].