本周新疆棉事件成为市场关注焦点以及板块最大的催化剂，短期国际品牌 出于政治因素对原材料采购的切割，将对他们在中国市场的发展（特别是销 售渠道、营销媒介、客户认知）带来长期的负面印象。短期政治事件会压制板块估 值，实际对订单与业绩的影响可能会好于市场预期，长期也会加快出口产能 外迁的步伐。总体来看，在突发事件与市场风险偏好有所下降的背景下，业 绩确定性改善、估值处于低位的纺织服装板块近阶段表现强势，当前市场氛 围下行业将继续受益资金配置的分散化。

丰泰企业：NIKE 主要供应商之一，以运动鞋制造为主的跨国集团。丰泰企业发展史。从中国台湾本土鞋类制造小工厂到 NIKE 主力代工厂的跨国企业：丰泰企业扩张过程中的成功经验。公司的 ESG 理念不仅有助于降低员工流动率，同时深度契合 NIKE 可持续发展 理念，随着 NIKE 对代工厂可持续发展要求提升，丰泰与 NIKE 长期合作的护城河进一步增强。

Nike 最新季报：该季度，大中华 区收入增长 51%；北美地区因供应链面临挑战，集装箱短缺加上港口堵塞， 影响了库存流动和发货时间，营收下滑 10%；欧洲，中东和非洲地区大约 65%的商店都缩短了营业时间，营收下降 4%；亚太和拉美营收下降 7%。SW 纺织服装行业上升 2.67%，SW 纺织服装行业跑赢大盘 4.07pct。

1）FY21Q3：收入较为平稳，利润率提升，库存周转保持健康；2）分地区：大中华区收入增长 42%，其他 地区受到不同因素暂时影响，线上驱动全球业务增长；3）战略展望：DTC 强调线上线下协同，看好女性业务潜力，继 续推动可持续业务发展；4） 业绩指引：Q4 收入大幅反弹，毛利率提升，SG&A 恢复疫情前投入水平

Automotive fabric in the vehicle’s interior increases the interior feels as well as vehicle safety. It has properties such as cold cracking resistance, high durability, UV rays stable, easy to clean, and helps in minimizing fatigue. Automotive fabrics, such as headlining, truck lining, and spray adhesive, are used to repair or replace the spoiled interior surfaces. Automotive fabric includes interior components of vehicles such as headliners, cockpit modules, door panels, automotive seats, flooring, vehicle acoustics, and others. Furthermore, the market is segmented into fabric type, application, vehicle type, and region.

The global textile market is growing and creating huge scope for sewing threads. Due to the growing disposable incomes, people are willing to spend more on apparel and other textiles. In addition to rapid urbanization, the rising number of supermarkets and retail stores is also driving sales for apparel. Therefore, the demand for apparel and other textiles used to manufacture upholstery, transportation, bedding, personal protective equipment, footwear, and clothing accessories will grow, leading to a greater need for sewing threads as the most essential components in the final textile product. In recent times, manufacturers are focusing on environmentally friendly apparel comprising natural fibers and sewed with natural threads.

The outdoor recreational industry is growing rapidly with the increasing inclination to relax, enjoy, explore new places, and undertake new outdoor activities. Outdoor activities are also witnessing a high surge in the US. It was estimated that outdoor recreational activities contributed around $730 billion to the US economy in 2017. Further, with the changing pattern of customer expectations, the outdoor recreational industry has not only confined to hiking and camping but also has expanded to water sports activities. Water sports is considered as the most potential activity in the industry and is anticipated to grow exponentially with the increasing willingness toward water-based activities.