This year is not just a cold winter for the property market and shipping, because of the weak economy of major Western countries, and the main focus of Xiangjiang clothing companies is on OEM for well-known clothing brands in the United States and Western Europe, which has also led to the performance of Xiangjiang textile industry gradually moving towards
Lower.
At 9:00 a.m. on May 23, the Xiangjiang Textile Industry Association held a meeting of all members. In addition to the members of the association, Ksos, Li Jianhui, Huo Yingdong and Li Qungang attended the meeting as special guests.
With the support of Xinyang Clothing Group and backed by Xinyang Clothing Group with a market value of more than HK$2 billion, Li Jianyang was successfully elected as the president of the association at this conference.
Although Liu Qiulin, president of Hongyu Clothing Group, whose market value has exceeded 10 billion Hong Kong dollars, did not run for the president of the association, he was successfully elected as vice president of the association.
After Li Jianyang and other members of the association and Ksos spoke, Li Jianhui said: "Although Xiangjiang's textile industry has encountered some difficulties at present, I believe that with everyone's joint efforts, we will definitely be able to overcome difficulties, and the future development of Xiangjiang's textile industry will also be the same.
It will get better and better.
Because I don’t know much about the textile industry, as an outsider, I will tell you some of my views on the current situation.
Since the 1950s, our Xiangjiang garment companies have mainly used OEM and famous clothing brands in Europe and the United States. Our upstream textile companies also mainly provide raw materials for these garment companies in Xiangjiang, which also makes our Xiangjiang textile companies themselves not
Having pricing power can only make meager profits.
In my opinion, such a model cannot be developed for a long time, especially for the entire textile industry in Xiangjiang. Once the European and American markets suppress and restrict our textile industry in Xiangjiang, it will inevitably cause a heavy blow to our entire industry.
I hope that garment companies with certain strength can build their own clothing brands, rather than just building an OEM factory.
Only when you own a brand, you have the right to price and take the initiative, and our entire industry will not be controlled by others and can create greater value. Xinyang Clothing and Hongyu Clothing are examples."
The owners of these garment companies present are naturally jealous of the development of Xinyang Clothing and Hongyu Clothing. Although these garment companies have developed for decades, they are really not as good as Xinyang Clothing in terms of market value.
Looking at Hongyu Clothing, which ranks first in the clothing sector in the Hong Kong stock market and has a total market value of up to HK$12.7 billion, they simply cannot come up with such an idea.
Not to mention the European and American markets, relying on the influence of ABA and PFLA in East Asia and Southeast Asia, Hongyu Clothing has become the leader in sports clothing and sports and casual clothing in several major markets in Japan, South Korea, Baodao, Xiangjiang and ASEAN.
At present, what limits the market value of Hongyu Clothing Group is not the product market, but the production of Hongyu Clothing Group itself and the general environment of Xiangjiang stock market. As the production scale of its group continues to increase, with the improvement of the Xiangjiang stock market environment, its market value will inevitably be large
The amplitude soared.
But these bosses are jealous but not impulsive. The reason why Xinyang Clothing and Hongyu Clothing can succeed is because of the support and promotion of the entire Xinjian Group behind it, especially Jiayi Group, which can promote the two major clothing groups.
It is said that there is no effort left, and it is also supported by retail department store giant Lian Crawford.
These garment companies do not have these advantages. Even if the association behind them also has a film and television media group, its influence is far from comparable to Jiayi, and there is no support from retail department store giants on the sales side.
These garment business owners who are used to OEM production models no longer have the will to build their own brand.
Huo Yingdong may also know what these people think. When he spoke, he said: "The main problem for our textile companies is that the European and American economy is weak, and it is difficult for OEM prices to rise.
In recent years, our Xiangjiang economy has developed rapidly and labor costs have continued to soar, which has also made it increasingly difficult for our industry to maintain in Xiangjiang.
At this time, if we want the company to continue to develop, we need to compress production costs. In this regard, whether it is Hongyu, Xinyang, or Lixin Garment and other companies, we can provide everyone with experience.
With the economic development of Hong Kong, our Hong Kong industry is no longer suitable for the development of this low-value-added labor-intensive industry, especially in the planning of Sham Shui Po, which will become a new commercial shopping center in Hong Kong."
Those present also understand Huo Yingdong's meaning, but the current situation is unclear and those companies' production and factory areas have not yet been relocated. They are still thinking about continuing to drag it down and considering where to relocate when the time is right.
As for the experience of Hongyu, Xinyang, Lixin and other companies, this is not worth learning from. To put it bluntly, even if these industries are lost there, it will not have any impact on these companies.
Too big loss.
If their property is lost, basically all their wealth will be gone. Without need, they are not willing to take that risk.
Therefore, even though the real estate development in Sham Shui Po is booming, many textile companies still have not relocated.
Moreover, this part of the unrelocated part is also the most stubborn part. There is no plan to let the company enter Pengcheng, nor does it choose to follow the footsteps of Hongyu Clothing Group to enter Malay Johor Bahru, nor do you know if they are waiting for September.
Talks between leaders of the two countries.
As the current president of the world's retail department store giant, Lian Crawford, Li Qungang also made a speech at the meeting.
"We, Lane Crawford, have a clothing sales area. As a Xiangjiang enterprise, we have always hoped that Xiangjiang's economy will develop better and better, provide the best help for Xiangjiang's economic development, and are willing to reach cooperation with Xiangjiang clothing companies and share mutual benefit with Xiangjiang clothing companies.
win.
Since I cannot stay in Xiangjiang for a long time, if there is a Xiangjiang garment company that needs to cooperate with our Lane Crawford, I can contact Mr. Ren Jiayang, executive vice president of our group.
At the end of the meeting, Li Jianyang expressed his gratitude to the guests, and also hoped that all members of the association could strengthen cooperation and promote the common development of our industry.
As for whether these people are willing to establish their own brand, Li Jianyang doesn't care much about this. After all, he is just the president of the association, not the nanny of these people. The development of these member industries has nothing to do with him.
If it weren't for the president's election, he wouldn't have been to become the president because of the president's ability to expand his influence and Xinjian's Xinshi Group in the textile industry.
This time, the Xinjian Group has given these companies opportunities. If these companies cannot seize them, there will be no value to be won over.
After the meeting, Li Jianhui was going to go home directly, but after receiving the invitation from Huo Yingdong, he could only call his home and tell him that he would not go back at noon.
At the same time, Li Jianyang and Wang Shanbin also received the invitation from Huo Yingdong. The two came to Li Jianhui for a few words and communicated, and took Li Jianhui's car together and headed towards Xianghua Hotel.