纺织服饰行业2024年业绩预告综述：纺织制造预增占比提升，关注终端需求回暖

Investment Rating - The industry is rated as "Outperforming the Market" with an expectation of a relative increase of over 10% compared to the market index in the next six months [4][27]. Core Insights - As of early February 2025, 47 listed companies in the textile and apparel sector have released performance forecasts, with a disclosure rate of 44%. The sector is experiencing pressure from weak consumer demand and rising gold prices, leading to an increase in the proportion of companies reporting initial and continuous losses [1][2][24]. - The textile manufacturing sub-sector shows a rising proportion of companies expecting profit increases, while the apparel and home textile sub-sector faces significant export pressures due to global inflation and complex trade environments [1][3][24]. - The jewelry sub-sector's performance is mixed, with rising gold prices negatively impacting consumption, but there is potential for growth in non-wedding scenarios as consumer preferences evolve [1][24]. Summary by Sections Industry Performance Overview - The textile and apparel industry has a projected profit rate of 43%, ranking seventh among eight consumer sectors. The number of companies expected to report profits is 20, while the proportion of companies reporting initial losses has surged from 3% in 2023 to 28% in 2024 [2][10]. - Continuous loss companies have increased from 23% to 30%, and the proportion of companies turning losses into profits has dropped from 28% to 6% [2][10]. Sub-sector Analysis - The textile manufacturing sub-sector has a disclosure rate of 37%, with 8 out of 11 companies expecting profits. The jewelry sub-sector has a profit expectation rate of 60%, while the apparel and home textile sub-sector has a low expectation rate of 29% [3][13]. - In 2024, the textile manufacturing sub-sector's profit increase expectation has risen from 24% to 45%, but 18% of companies are reporting initial losses [3][15]. - The apparel and home textile sub-sector has seen a drastic drop in profit increase expectations from 32% to 3%, with initial loss reports rising from 5% to 32% [3][15]. Individual Company Performance - The report includes detailed performance forecasts for various companies, highlighting those expected to report profit increases, continuous profits, losses, and initial losses [20][23].