纺服美妆行业周报：1－9月纺织企业利润总额同比增长10.3%

Investment Rating - The report maintains an "Overweight" rating for the textile and apparel industry [1][4]. Core Insights - The overall development of the industry is positive, with profits maintaining rapid growth. From January to September, the total profit of textile enterprises increased by 10.3% year-on-year, with industrial added value growing by 4.5% and operating income reaching 35,687.7 billion yuan, a 4.0% increase year-on-year [1][4]. - The consumer market is recovering positively, with steady growth in online retail. The total retail sales of consumer goods above designated size reached 137,677 billion yuan, up 2.3% year-on-year, while retail sales of clothing, shoes, and textiles increased by 0.2% [1][4]. - Exports continue to show growth, although the growth rate has slowed. Cumulative textile and apparel exports from January to September amounted to 222.41 billion USD, a year-on-year increase of 0.5% [1][4]. Summary by Sections 1. Profit Growth - From January to September, the total profit of textile enterprises increased by 10.3% year-on-year, with a total profit of 113.88 billion yuan. The production of yarn decreased by 1.4%, while the production of fabric, clothing, and chemical fibers increased by 1.4%, 4.4%, and 9.5% respectively [1][4]. 2. Market Review - In the week from October 31 to November 1, the textile and apparel industry index fell by 2.46%, ranking 25th among 31 primary industries. The beauty and personal care industry index rose by 1.01%, ranking 11th [5][6]. 3. Important News - The textile industry showed signs of recovery in the first three quarters of 2024, with significant growth in both revenue and profit for major enterprises. The revenue and profit of large-scale enterprises increased by 6.1% and 16.4% year-on-year, respectively [26].