2022 年618 期间纺服板块整体销售表现稳健，并主要依靠运动鞋服以及户外运动类别带动。据星图数据统计，618 期间（5 月31 日至6 月19 日）全网成交总额为人民币6,959 亿元，同比增长20.3%。

Establishments described in this report are primarily participating in the technical textile market. A technical textile is a textile product manufactured for non-aesthetic purposes, where function is the primary criterion. Technical textiles include textiles for automotive applications, medical textiles, geotextiles, agrotextiles, and protective clothing.

板块行情回顾：1）服饰板块整体和大盘走势趋同，上游制造强于下游品牌商。年初至今纺织制造仅下滑3.24%/品牌服饰下滑15.2%，同期沪深300 下滑12.39%。2）细分板块来看：运动鞋服/大众服饰/珠宝估值均现下行，当前PE（TTM）均位于过去3 年中枢以下，其中运动鞋服板块调整幅度最大。中高端服饰板块估值表现则相对平稳。

Establishments described in this report are primarily participating in the soundproof curtains market. Soundproof curtains work just like the clothes in the closet in the example. They don't actually quiet the volume of the sound source, but they make the sound die out much more quickly within the room. This makes the room more pleasing from a sound standpoint.

Establishments described in this report are primarily participating in the smart clothing market. Smart clothing is the kind of apparel that has implemented electronic parts, in particular, microcomputers and sensors. It's worn as ordinary clothing, providing additional value to the user by virtue of innovative technologies.

2022 年5 月17 日至6 月18 日，上证综指上涨7.91%，沪深300 上涨8.91%，纺织服饰（申万）指数上涨2.97%，在申万31个一级行业中位列第27 位。二级行业中纺织制造（申万）指数上涨2.86%，服装家纺（申万）指数上涨2.03%，饰品（申万）指数上涨6.42%。2022 年5 月社会消费品零售总额为3.35万亿元，同比减少6.70%，其中服装鞋帽类商品零售额为958.5 亿元，同比减少16.20%。

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