Clothing Association Rumor: Clothing Stocks Enough People Wear Three Years Is Not Responsible.

< p > this afternoon, the China clothing association held a media conference.

Wang Zhuo, Secretary General of the association, pointed out that in recent days, some media reported that "a href=" //www.sjfzxm.com/news/index_f.asp "clothing enterprises < /a > stock is enough for Chinese people to wear for three years". In fact, it is confusing the concept of inventory and unmarketable and defective products, causing a panic in the clothing industry in the country, which is extremely irresponsible.

< /p >

< p > it is understood that there are generally three types of inventory in clothing enterprises: spare sales and defective products, spare raw materials in raw materials warehouse, excess raw and auxiliary materials inventory, channels, memory and goods, and inventory in logistics links.

Wang Zhuo said that when the media reported that the data of the listed companies' earnings in the clothing listed companies were the "backlog and unsalable products" of the company, and made the judgment that "the national clothing enterprises stock enough people to wear for three years", this shows that the media lacks the correct understanding of the clothing industry.

< /p >

< p > Wang Zhuo pointed out that clothing is a fast moving product with strong seasonality and fast change, and the demand for inventory is relatively high. Therefore, it is normal for an enterprise to keep a certain amount of stock.

In the inventory, unsold stocks, defective products and surplus raw materials are the unreasonable stocks.

However, the "inventory" contained in the financial reports of clothing listed companies has a broader scope, not merely referring to the "backlog" and "direct selling products" of the general concept.

He said: "there is indeed the growth of enterprise inventories, but with the advance of the enterprise's de stocking in 2002, the first three quarters of the year-on-year growth rate of inventories has dropped by quarter, which is obviously lower than the growth of sales revenue."

< /p >

< p > although in November of this year, domestic clothing sales showed some good signs, but Wang Zhuo thought the situation was still grim, mainly manifested in three aspects: low export prices, weak domestic sales, and declining corporate profits.

< a href= "//www.sjfzxm.com/news/index_z.asp > > China Apparel Association < /a > analysis of the three quarterly reports of 33 listed companies found that the total inventory of these companies was 49 billion 473 million yuan, and the growth rate basically kept pace with the growth of sales revenue, and the lowest level since 2008.

< /p >

< p > National Bureau of statistics data show that China's clothing industry above Designated Size Enterprises in the first three quarters of 2012 finished product inventory of 256 billion 966 million yuan.

According to the China Apparel Association, in 2011, China's clothing < a href= "//www.sjfzxm.com/news/index_cj.asp" > domestic sales amount < /a > 140 million yuan, and it is expected to reach 1 trillion and 700 billion yuan in 2012.

Wang Zhuo believes that the current Chinese garment industry is in a growth period, and enterprises and markets should adapt to the shift from high speed growth to low speed growth.

< /p >