轻工行业周度跟踪：促消费政策持续推进，积极配置业绩确定性+景气赛道+低位优质龙头

Investment Rating - The report maintains a "Recommended" rating for the light industry sector [1] Core Viewpoints - The report emphasizes the ongoing promotion of consumption policies, suggesting a focus on companies with performance certainty, favorable economic conditions, and high-quality leading firms [1][7] - The light industry is expected to benefit from the "old-for-new" policy, which is anticipated to stimulate demand in the home appliance and home improvement sectors [40][52] Summary by Relevant Sections Performance Overview - The light industry sector has shown a 22.3% increase over the past month, while the broader CSI 300 index has increased by 25.4% [3] Key Companies and Earnings Forecast - Musi Co. (001323.SZ): Current price 31.42, 2024E EPS 2.34, rated as "Add" - Sun Paper (002078.SZ): Current price 14.17, 2024E EPS 1.33, rated as "Buy" - Yutong Technology (002831.SZ): Current price 24.34, 2024E EPS 1.75, rated as "Buy" - Zhibang Home (603801.SH): Current price 12.24, 2024E EPS 1.65, rated as "Buy" [5] Suggested Investment Focus - Essential Consumer Goods: The sector shows stable revenue growth, with a 5% year-on-year increase in Q2 2024 for essential personal care products. The upcoming Double Eleven shopping festival is expected to drive online sales growth [7] - Export Chain: Companies in the export chain are expected to maintain strong revenue and performance certainty, with a focus on cross-border e-commerce and high-demand categories [7] - Paper and Packaging: The report highlights the potential for price increases in cultural paper and stable demand for leading companies in the packaging sector [7] - Home Goods: The report notes a potential rebound in demand due to the "old-for-new" policy and seasonal factors, suggesting a focus on companies like Oppein Home and Kuka Home [7]