纺织服装行业周报：本周板块涨幅全行业第一，关注消费反弹

Investment Rating - The report gives a "Buy" rating for Yuanyuan Group, the world's largest sports shoe manufacturer, highlighting its low valuation and high dividend yield [5][24]. Core Views - The textile and apparel sector has shown strong performance, with the SW textile and apparel index rising by 7.7% from November 25 to 29, outperforming the SW All A index by 5.5 percentage points [1][10]. - The report emphasizes the recovery of domestic consumption and the potential for brand consumption to rebound, driven by policy support and upcoming events like the Harbin Winter Games [3][16]. Summary by Sections Industry Performance - The textile and apparel sector outperformed the market, with significant increases in both the apparel home textile index (up 8.5%) and the textile manufacturing index (up 8.1%) [1][10]. - Retail sales of clothing, shoes, and textiles reached 134.7 billion yuan in October, a year-on-year increase of 8.0% [2][46]. Key Companies - Yuanyuan Group is noted for its strong market position and expected profit recovery, with projected net profits of 4.4 billion, 5.4 billion, and 6.0 billion USD for 2024-2026 [5][24]. - Bosideng reported a 17.8% increase in revenue to 8.8 billion yuan for the first half of FY25, with a net profit increase of 23.0% to 1.13 billion yuan [5][48]. Investment Recommendations - Recommended stocks include Baoshiniao, Biyinlefen, Luolai Life, and Senma Clothing for A-shares, and Bosideng and Anta Sports for Hong Kong stocks [3][16]. - The report highlights the potential of the outdoor sports segment and the rise of domestic brands, suggesting a focus on companies with strong brand power [6][18]. Market Trends - The report notes a robust demand for sports manufacturing, with companies like Huali Group showing a 9% increase in stock price, indicating strong growth potential [4][18]. - The cross-border e-commerce sector is expected to benefit from new policies and seasonal demand, with recommendations for companies like Anke Innovation [3][17].