我国轻工制造业不断显现内生动力

Core Insights - The light industry in China has achieved notable structural adjustments in 2025, with growth driven more by internal upgrades than external stimuli [1] - The overall economic performance of the light industry remains stable, with revenue and profit growth of 1.9% and 1.6% respectively in the first ten months of 2025 [1] - The focus of competition in light industry products is shifting from quantity to consumer experience and value [1] Demand Side Changes - The changes in demand are reflected more in the consumption structure rather than total consumption [1] - Specific sectors such as baked goods, daily chemical products, and home goods have shown more stable performance, indicating a shift towards emotional and daily consumption [1] Export Dynamics - The export growth of light industry products has shown significant differentiation, with traditional markets like Europe and the US slowing down while emerging markets such as ASEAN, the Middle East, and Latin America maintain rapid growth [2] - The reliance on low-price orders is decreasing, with an increase in brand-oriented, customized, and small-batch export models [2] Digital Transformation - The digital transformation of the light manufacturing industry has entered a practical phase, with a focus on specific sectors such as home appliances and furniture [2] - Policies aim for a 75% CNC rate in key processes of major light industry enterprises by 2027 [2] Green Transition - The green transition is becoming a prerequisite rather than an added benefit, with environmental standards increasingly included in procurement and cooperation agreements [3] - Companies are experiencing short-term cost increases but are gaining competitiveness in mid-to-high-end markets [3] Regional Policies - New regional policies and institutional environments are providing support for the light manufacturing industry, with free trade zones and cross-border e-commerce platforms enhancing attractiveness [4] - The light manufacturing industry is focusing on structural optimization rather than high-speed expansion, emphasizing long-term returns and comprehensive capabilities [4] Industry Outlook - The light industry is gradually moving away from the "low added value" label towards a more resilient and sustainable direction [4] - The key takeaway for the light industry in 2025 is that stability, quality, and patience are becoming new industry consensus as speed is no longer the sole objective [4]