纺织服饰行业：港股纺织服装行业2024年二季度公募基金持仓分析

Investment Rating - The report provides a "Buy" rating for the textile and apparel industry, indicating an expectation of stock performance exceeding the market by more than 10% over the next 12 months [22]. Core Insights - The proportion of public funds holding positions in the Hong Kong textile and apparel industry remains at historically low levels, with a quarter-on-quarter decline in Q2 2024 [2][8]. - The number of funds heavily invested in Anta Sports leads the sector, followed by Bosideng and Li Ning [2][10]. - In terms of total shares held by funds, Bosideng ranks first, followed by Xtep International and Li Ning [2][12]. - By market value of holdings, Shenzhou International tops the list, with Anta and Li Ning following [2][14]. - The report highlights a slight decrease in fund holdings compared to Q1 2024, reflecting low interest in the sector [2][18]. Summary by Sections 1. Fund Holdings in the Hong Kong Textile and Apparel Industry - The proportion of public funds and QDII holdings in the textile and apparel sector has been on a downward trend since reaching a peak of 5.88% in Q3 2019, dropping to 0.86% in Q2 2024 [2][8]. 2. Number of Funds by Heavy Holdings - In Q2 2024, Anta Sports had 34 funds heavily invested, while Bosideng had 27 and Li Ning had 15 [2][10]. 3. Total Shares Held by Funds - Bosideng led with 98.86 million shares held, followed by Xtep International with 66.27 million shares and Li Ning with 35.37 million shares [2][12]. 4. Market Value of Fund Holdings - Shenzhou International had a market value of 870 million RMB in fund holdings, while Anta and Li Ning had 855 million RMB and 546 million RMB, respectively [2][14]. 5. Market Value as a Percentage of Total Company Value - Xtep International had the highest percentage of fund holdings relative to its total market value at 2.51%, followed by Li Ning at 1.37% and Bosideng at 0.90% [2][16]. 6. Summary of Fund Holdings Changes and Investment Recommendations - The report suggests focusing on Shenzhou International due to expected order recovery and improved gross margins, while also recommending Bosideng for its brand strength and stable growth prospects [2][18][19].