Investment Rating - The report maintains a "Positive" outlook for the paper and light industry [4] Core Insights - The real estate post-cycle sectors, excluding white goods, outperformed the market, with the Shanghai Composite Index rising by 0.79%. Key sectors such as black appliances, furniture, small appliances, lighting, kitchen appliances, and service robots saw increases of 20.97%, 12.77%, 3.92%, 3.50%, 2.74%, and 1.96% respectively, while white goods declined by 0.17% [1][10] - In September 2024, the export performance of electric coffee machines was notably strong, with a year-on-year growth of 28% [1][9] Summary by Sections Market Review - In the week of October 21-27, 2024, all post-cycle sectors except white goods outperformed the market, with significant gains in black appliances and furniture [1][10] Domestic Sales Data Tracking - Retail sales in September 2024 showed growth in both furniture and home appliances, with furniture retail sales reaching 14.2 billion yuan, a 0.4% year-on-year increase, and home appliances reaching 84.1 billion yuan, a 20.5% increase [1][23] - The prices of upstream raw materials for furniture and appliances showed mixed trends, with TDI prices down by 0.7% and MDI prices up by 1.3% [1][15] Export Data Tracking - The export value of home appliances in September 2024 was 8.559 billion USD, reflecting a 4.5% year-on-year increase, while furniture exports were down by 12.3% [1][9] - The export performance of specific categories such as electric coffee machines, induction cookers, and blenders showed year-on-year growth rates of 28%, 19%, and 8% respectively [1][9]
造纸轻工行业地产后周期产业链数据每周速递：2024年9月电热咖啡机出口表现较好
Orient Securities·2024-10-27 06:38