轻工制造&纺织服饰行业周报：政策驱动加力，短期调整不改估值修复持续

Investment Rating - The investment rating for the light industry and textile apparel sector is maintained at "Neutral" [3][29]. - Specific companies recommended for "Increase" rating include: Oppein Home, Sophia, Haotaitai, Pathfinder, and Semir Apparel [3][29]. Core Insights - The report highlights a policy-driven boost, indicating that short-term adjustments do not alter the ongoing valuation recovery [2]. - Recent price increases in cardboard by 3%-5% across multiple regions are noted, which may provide some support to the industry [7]. - The report emphasizes that the fundamentals of leading companies in home furnishings and apparel are expected to gradually improve due to ongoing policy support aimed at enhancing domestic demand [29]. Industry News - Multiple regions have raised cardboard prices by 3%-5%, which is a response to operational cost pressures faced by downstream cardboard manufacturers [7]. - TikTok Shop has relaxed entry requirements for cross-border merchants in the U.S. market, supporting nine e-commerce platforms to enhance merchant engagement [8]. Company Announcements - Shanying International plans to acquire Nordic Paper for approximately 3.345 billion Swedish Krona, equivalent to about 2.277 billion RMB [24]. - Qifeng New Materials reported a 32.38% year-on-year decline in net profit for the first three quarters of 2024 [24]. Market Review - From October 8 to October 11, the light industry sector underperformed the CSI 300 index by 3.75 percentage points, with a decline of 7.01% [25]. - The textile and apparel sector also lagged behind the CSI 300 index by 3.18 percentage points, with a drop of 6.44% [27]. Weekly Strategy - The report suggests that ongoing fiscal policy adjustments will support domestic demand improvement, which is expected to benefit the fundamentals of leading companies in the home and apparel sectors [29].