轻工制造&纺织服饰行业周报：北京出台地产新政，持续关注服装出海

Investment Rating - The report maintains a "Neutral" rating for the light industry manufacturing and textile and apparel sectors, with "Overweight" ratings for specific companies including Oppein Home (603833), Sophia (002572), Taobao (300005), Good Wife (603848), and Semir Apparel (002563) [40][41]. Core Insights - The report highlights the recent policy adjustments in Beijing aimed at stabilizing the real estate market, which includes changes to the minimum down payment ratios and interest rates for commercial personal housing loans [39]. - The report notes a slight decline in wood imports in the first five months of 2024, with a total volume of 27.85 million cubic meters, down 1.2% year-on-year, and a trade value of $5.77 billion, down 2.64% [17]. - The report indicates that the textile and apparel export situation has improved since the second quarter, with major Taiwanese textile manufacturers reporting significant revenue growth in May 2024 [39]. Industry News - Camel has launched a new high-end outdoor brand, Himalaya, targeting the premium market with a focus on professional outdoor products [18]. - The report discusses the recent performance of the light industry manufacturing sector, which underperformed the CSI 300 index by 0.96 percentage points, with a decline of 1.93% [12][35]. High-Frequency Data - As of June 28, 2024, domestic TDI and MDI prices have decreased, with TDI averaging 13,900 CNY/ton and MDI at 18,400 CNY/ton [19]. - Domestic prices for needle and broadleaf pulp have also declined, with needle pulp at 6,267.78 CNY/ton and broadleaf pulp at 5,383.20 CNY/ton [22]. Company Announcements - Wangli Security plans to grant 21.31 million restricted shares to no more than 341 individuals as part of its incentive plan [33]. - Fuanna intends to grant 12 million restricted shares to 163 individuals under its revised incentive plan [34]. Market Review - From June 24 to June 28, the light industry manufacturing sector saw a decline of 1.93%, while the textile and apparel sector fell by 2.58%, both underperforming the CSI 300 index [35][37]. - The report lists the top gainers and losers in the light industry and textile sectors during this period, highlighting significant fluctuations in stock performance [35][37].