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Hingtex Hldgs (01968.HK) held a board of directors meeting on August 30 to approve the publication of mid-term performance.
Hingtex Hldgs (01968.HK) announced that the board of directors meeting will be held on August 30, 2024 (Friday) to approve the publication of the unaudited comprehensive financial performance of the company and its subsidiary companies for the six months ending on June 30, 2024 and to consider the declaration of interim dividends (if any).
China Textile Import and Export Chamber of Commerce: China's textile industry foreign trade is expected to continue the steady recovery trend in the second half of the year.
From January to June, the trade volume of textile and outfits reached 153.57 billion US dollars, a year-on-year increase of 1.7%, of which the export amount was 143.24 billion US dollars, an increase of 1.6%, and the import amount was 10.33 billion US dollars, an increase of 3.8%. The cumulative trade surplus was 132.91 billion US dollars, an increase of 1.4%.
GTJA: Currently, the downstream inventory clearance of the footwear and apparel industry has basically ended, and the trend of order recovery is not a concern.
At present, the downstream destocking has basically come to an end. Judging from the order tracking situation of the top manufacturing companies, the trend of order recovery is secure. Especially the leading companies have the logic of seizing market share and expanding customer base, which is worth looking forward to.
Hingtex Holdings Replaces Auditor
Hingtex Holdings (01968) has appointed Ernst & Young as its new auditor.
Hingtex Holdings (01968) has announced that the auditor, Deloitte Touche Tohmatsu, Kwok Yiu Fung & Co., has resigned from the position of the company's auditor, effective from 20...
Changjiang Securities' Special Report on Textiles, Outfits, and Luxury Goods: Weak Demand in North America, and Elasticity of Replenishing Inventory Needs Observation.
Looking ahead, it is expected that inventory replenishment will continue, with the elasticity of replenishment depending on the strength of demand recovery at the end. The overseas apparel retail industry has gradually entered the tail end of destocking since 2022Q3, and the pace and continuity of export chain recovery depends on the pace of replenishment, while the elasticity of recovery depends on the strength of demand recovery at the end.
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