轻工制造&纺织服饰行业周报：继续关注“以旧换新”和出口链

Investment Rating - The report maintains a "Neutral" rating for the light industry and textile and apparel sectors [3][33] - Key stocks recommended for "Increase" rating include: Oppein Home, Sophia, Haotaitai, Pathfinder, and Semir Apparel [3][33] Core Insights - The light industry sector has shown a weak overall performance, with related consumption experiencing a slow recovery. Continuous attention is advised, especially with government policies promoting demand through "old-for-new" initiatives [3][32] - The Federal Reserve's interest rate cut window is approaching, which is expected to maintain a favorable outlook for the export chain. In August, domestic clothing and accessory exports improved month-on-month, while Vietnam's textile and apparel exports saw significant growth [3][33] - Domestic textile manufacturers have been expanding production capacity in Southeast Asia, particularly in Vietnam, which is expected to benefit from the growth in textile exports [3][33] Industry News - Guangdong Lee & Man Paper's two packaging paper machines will be offline for maintenance for 5-8 days [7] - JD.com has become the "official online retail partner" for London Fashion Week, showcasing various brands [8] Company Announcements - Lutai A plans to invest an additional 500 million yuan in its wholly-owned subsidiary [25] - Jingxing Paper Industry has added an environmentally friendly recycled pulp production line to its household paper division [26]