纺服美妆行业周报：1-9月家用纺织品出口同比增长3.7%

Investment Rating - The report maintains an "Accumulate" rating for the textile and apparel industry [6]. Core Insights - From January to September, the export of household textiles in China increased by 3.7%, totaling $25.2 billion, which is 11.3$10.78 billion, up 4.6% [15]. - The report highlights a mixed market performance, with significant growth in exports to the US and EU, while exports to ASEAN and Japan have declined [16][17]. Summary by Sections 1. Export Growth - Household textile exports increased by 3.7% year-on-year, with a total of $25.2 billion from January to September [4]. - Major product exports showed positive growth, except for towels, which saw a significant decline of 14% [15]. 2. Market Performance - The textile and apparel industry index rose by 5.35% in the past week, ranking 21st among 31 sectors [18][20]. - The beauty and personal care sector also saw a 5.43% increase, ranking 20th [18]. 3. Regional Performance - Zhejiang and Jiangsu provinces showed strong export growth, with increases of 9.7% and 7.5% respectively [17]. - Xinjiang and Fujian provinces exhibited remarkable growth rates of 45.3% and 36% [17]. 4. Company Announcements - The report includes a notice from Hangmin Co. regarding the completion of a share repurchase, reducing its registered capital [37]. 5. Economic Outlook - The textile industry is expected to face challenges in the fourth quarter and 2025, with a complex external environment and domestic economic pressures [34][36]. - Despite these challenges, the industry is projected to maintain a stable growth trajectory supported by a large domestic market [36].