轻工制造&纺织服饰行业周报：上半年出口保持平稳，关注出海企业中报业绩

Investment Rating - The report maintains a "Neutral" rating for the light industry manufacturing and textile apparel sectors [4][32]. - Recommended stocks include: Oppein Home (增持), Sophia (增持), Good Wife (增持), Pathfinder (增持), and Semir Apparel (增持) [4][32]. Core Insights - The light industry manufacturing sector's export value for furniture and parts increased by 14.80% year-on-year, while the export value for clothing and accessories remained flat [4][32]. - The average net profit growth forecast for 97 companies in the light industry manufacturing and textile apparel sectors ranges from 48.64% to 103.81% [4][32]. - Companies with over 50% overseas revenue are expected to see net profit growth between 340.41% and 434.01% [4][32]. - The expectation of interest rate cuts in the U.S. is anticipated to improve overseas demand, positively impacting domestic exports of light industry and textile products [4][32]. Summary by Sections Industry News - In June 2024, the prices of pulp and raw paper in major markets showed a general decline, with specific price changes noted for various types of wood pulp [8]. - Uniqlo's parent company, Fast Retailing, reported a 10.4% year-on-year increase in total revenue for the first three fiscal quarters ending May 2024, indicating a strategic focus on opening flagship stores in China [9]. Company Announcements - Mona Lisa expects a net profit decline of 41.63% to 59.38% year-on-year for the first half of 2024 [25]. - Ru Yi Group anticipates a net profit increase of 177.48% to 193.29% year-on-year for the same period, driven by improved operational performance and sales [25][26]. Market Review - From July 8 to July 12, the light industry manufacturing sector underperformed the CSI 300 index by 1.64 percentage points, while the textile apparel sector underperformed by 2.70 percentage points [3][27][30]. - The top five gainers in the light industry manufacturing sector included Hars (17.19%) and Aili Home (12.72%), while the top five losers included PIANO (-17.41%) and ST Jinshi (-16.70%) [27]. - In the textile apparel sector, the top gainers were Fuchun Dyeing and Weaving (11.15%) and Kanglongda (10.13%), with the top losers being Fuanna (-10.99%) and Hailan Home (-8.73%) [30]. Weekly Strategy - The report emphasizes the stable development of light textile product exports in the first half of the year and maintains a "Neutral" rating for the sectors, with specific stock recommendations [4][32].