n response to the epidemic situation, some textile and apparel companies have been ¡°professional¡± in producing protective gear and have been well received

Since the spread of the new coronavirus, Zhejiang Province has been greatly affected. As of press time, only two provinces, except Hubei Province, had more than 1,000 confirmed diagnoses. One of them was Zhejiang Province. The situation of listed companies in Zhejiang Province is not optimistic. The textile and apparel industry has attracted much attention.

"Apparel companies have a distinct seasonality. The decline in consumption during the Spring Festival holiday has mainly affected the consumption of spring clothing." Pang Chaoran, an associate researcher at the Institute of International Trade and Economic Cooperation of the Ministry of Commerce, told Chinanet Finance. "If the epidemic unfortunately spreads to After March-April, after the epidemic, the focus of consumption is on summer clothing, and companies may suffer some losses. "

It is understood that affected by the epidemic, Zhejiang Province initiated a first-level response to public health incidents on January 23, and the bustling commercial streets, shopping malls, large shopping malls, and brand clothing stores have closed and closed. This is important for the clothing industry. No doubt a major blow.

It is worth noting that, in response to the epidemic, some textile and apparel companies have begun to "do their jobs." Some investors asked George White, who is located in Zhejiang, on the interactive platform. Does the company participate in the production of protective clothing? Secretary George White replied: The company's business scope does not include the manufacture and sale of protective clothing. In the face of the lack of protective materials in the epidemic, the company fully leveraged the advantages of clothing companies and actively engaged in the manufacture of non-medical protective clothing (production qualification Limited by resources), it plans to produce 100,000 sets; the company proactively assumes the social responsibility of an enterprise, and this batch of non-medical protective clothing is donated free of charge.

In addition, Secretary Baojun Bird also stated on the interactive platform: "In order to meet the government's requirements and obey the unified deployment of the government, the company through the subsidiary Shanghai Baoniao Clothing Co., Ltd. timely deployment of raw materials and personnel, and go all out to do a good job in production of materials , To carry out the production of general protective clothing. At the same time to carry out production transformation and plan to apply for a class of medical device production qualifications, do our best to participate in epidemic prevention and control. The company's Wenzhou headquarters also basically has the production capacity of general protective clothing, which will be unified according to local government needs arrangement."

Regarding the progress of the production of protective gear, and the impact of the production of such gears on the company, China Net Finance has sent a letter to the above companies, but no reply has been received as of press time.

In this regard, Pang Chaoran said in an interview with China Finance and Economics that during the epidemic, some textile and apparel companies increased the production of non-woven fabrics and other related products to make up for the supply of intermediate materials such as masks and protection. The production capacity expanded rapidly and achieved a good economy. And social effects, has been recognized by the capital market. In addition, some apparel companies carry out diversified operations, and their holding subsidiaries are involved in the production and operation of pharmaceutical products and equipment. Other companies have a high degree of internationalization and vigorously coordinate the return of relevant international medical supplies during the epidemic. Most of these practices have been obtained from the capital market. Recognition.

On the platform, many investors praised the companies that changed the production of protective clothing: "is a company with social responsibility" and "dedicate your company's unnamed dedication". The company's "doing nothing serious" to produce protective gear has won praise from the market. However, companies still need to face sales pressure, labor costs, storage and rental costs. Therefore, some investors asked how much impact the outbreak had on companies in the apparel industry.

Pang Chaoran told China Finance and Economics: "The epidemic will end as soon as possible, and the economic and commercial order can be restored to normal levels as soon as possible. From the experience of the SARS period, the market's judgment on the end of the epidemic is mainly based on the number of newly diagnosed patients. Consumer products are likely to usher in a restorative and compensatory rapid growth. However, taking into account the obvious seasonality of clothing companies, the decline in consumption during the Spring Festival holiday will mainly affect the consumption of spring clothing. The month is effectively controlled, spring clothing inventory can be released to a certain degree, and major companies will be compensated by revenue. If the epidemic unfortunately spreads to March-April, after the epidemic, the consumption focus is on summer clothing, and the company may suffer certain losses. . "