家用电器行业24W40周观点：促消费政策密集落地，国庆出行数据亮眼

Investment Rating - The report maintains a "Strong Buy" rating for the home appliance sector, indicating a positive outlook for the industry [5]. Core Insights - The report emphasizes the effectiveness of the "old-for-new" policy in the home appliance sector, predicting a recovery in domestic demand in the second half of the year. Key companies to watch include Haier Smart Home, Midea Group, Gree Electric Appliances, Hisense Home Appliances, and others [2][14]. - In the textile and apparel sector, the report highlights the recovery of manufacturing exports and suggests focusing on leading companies like Shenzhou International and Huali Group due to improved order visibility and capacity utilization [14]. - The pet industry is noted for its strong domestic brands and the growth potential of companies like Maifudi and Petty Holdings, driven by increasing consumer awareness and demand [14]. Summary by Sections Home Appliances - The "old-for-new" policy is expected to boost domestic demand, with a focus on companies such as Haier Smart Home, Midea Group, and Gree Electric Appliances [2][14]. - The global market for robotic vacuum cleaners is in its early penetration stage, with companies like Roborock and Ecovacs showing strong growth potential [2]. - The report suggests monitoring high-end lifestyle brands like Supor and Joyoung, targeting the affluent 60s demographic entering retirement [2][14]. Textile and Apparel - The report identifies three main lines of investment: recovery in manufacturing exports, growth in sports brands due to event marketing, and the trend of overseas expansion for apparel brands [14]. - Companies like Shenzhou International and Huali Group are highlighted for their strong order recovery and capacity utilization [14]. - The report also notes the positive impact of the upcoming Olympics on domestic apparel consumption [14]. Pet Industry - The report emphasizes the strong growth of domestic pet food brands and the potential for companies like Maifudi and Petty Holdings to capitalize on increasing consumer demand [14]. - The report highlights the importance of brand strength and marketing capabilities in driving growth within the pet sector [14].