Guoxin Securities released a research report saying that since the third quarter, the textile and clothing index has outperformed the market, and textile manufacturing is better than branded apparel. In the first half of 2026, brands were better than manufacturing, and the industry continued a pattern of moderate recovery in domestic demand, pressure on external demand, and strong differentiation. Outdoor sports have a “boom in mass sports stock competition and professional segmentation”. Home textiles are expected to continue their growth trend as the fall and winter season enters the peak season and is accompanied by the iterative promotion of major single products in the second half of the year. A month-on-month improvement can be expected under clear tariffs, stabilization of raw materials, and downstream inventory restoration. The revenue side is expected to take the lead in recovering. Differences in customer structure are at the core of performance differentiation. Leading valuations are at the bottom of history, and are expected to usher in both fundamentals and valuations.

Guoxin Securities released a research report saying that since the third quarter, the textile and clothing index has outperformed the market, and textile manufacturing is better than branded apparel. In the first half of 2026, brands were better than manufacturing, and the industry continued a pattern of moderate recovery in domestic demand, pressure on external demand, and strong differentiation. Outdoor sports have a “boom in mass sports stock competition and professional segmentation”. Home textiles are expected to continue their growth trend as the fall and winter season enters the peak season and is accompanied by the iterative promotion of major single products in the second half of the year. A month-on-month improvement can be expected under clear tariffs, stabilization of raw materials, and downstream inventory restoration. The revenue side is expected to take the lead in recovering. Differences in customer structure are at the core of performance differentiation. Leading valuations are at the bottom of history, and are expected to usher in both fundamentals and valuations.