Among the 49 listed textile and apparel companies that the Linkshop Retail Research Center is concerned about, 33 of them have disclosed first-quarter 2021 reports. Among them, more than 60 percent of apparel companies’ performance in the first quarter of 2021 increased significantly year-on-year, achieving double growth.

 

According to the 2021 quarterly report of 33 listed companies in the textile and apparel industry, 22 companies have achieved an increase in operating income and net profit, while the operating income and net profit of 4 companies have both decreased.

 

Judging from the data alone, most of the apparel companies have achieved gratifying growth in a single quarter. However, it is worth noting that the first quarter of 2020 is a period of severe pandemic. Therefore, there have been “double increases” this year. In fact, it is because the sales of most apparel companies fell sharply due to the impact of the pandemic in the same period last year.

 

Through the financial reports of companies for the first quarter of 2019, Linkshop found that the good performance of most companies is actually returning to the 2019 data benchmark.