轻工周报：“谷子经济”利好商品与玩具制造龙头，岳阳林纸拟以12.78亿元收购骏泰科技100%股权

Investment Rating - The industry is rated as "Positive" with expectations of overall returns exceeding the CSI 300 index by more than 5% in the next six months [41]. Core Insights - The rise of "Guzi Economy" is benefiting leading companies in the goods and toy manufacturing sectors, with a notable acquisition by Yueyang Lin Paper to purchase 100% of JunTai Technology for 1.278 billion yuan [11][34]. - The two-dimensional culture is gaining traction, with the market for related products experiencing significant growth. The Chinese two-dimensional content market is projected to reach approximately 119.5 billion yuan in 2023, reflecting a year-on-year increase of 20.1% [11]. - The peripheral market for two-dimensional products is expected to grow to around 102.4 billion yuan, with a remarkable year-on-year growth of 37.6% [11]. Market Overview - The light industry sector saw a 5.35% increase in the week of November 25 to November 29, 2024, outperforming major indices such as the Shanghai Composite Index and the Shenzhen Component Index [11][12]. - The cumulative increase for the light industry sector since the beginning of 2024 is a decline of 0.95% [11]. Industry Data Tracking Furniture Industry Data - Retail sales of furniture-related products increased by 7.40% year-on-year in October 2024, with cumulative revenue for the furniture manufacturing industry reaching 535.52 billion yuan, a year-on-year increase of 1.60% [25][26]. - The export value of furniture and its parts in October 2024 was 5.388 billion USD, reflecting a year-on-year increase of 2.51% [25]. Paper Industry Data - In October 2024, the export volume of pulp and paper products increased by 17.70% year-on-year, while import volume decreased by 15.00% [28][29]. - The prices of whiteboard paper and corrugated paper showed slight increases, with whiteboard paper priced at 4,100 yuan per ton, down 10.48% year-on-year [28]. Packaging Industry Data - The prices of polyethylene and polypropylene increased by 4.28% and decreased by 1.40% year-on-year, respectively [31]. - The WTI and Brent crude oil prices decreased by 10.06% and 10.67% year-on-year, respectively, while LME aluminum prices increased by 18.09% [31][33]. Company Announcements - Yibin Paper announced plans to invest 210 million yuan in a bamboo pulp molding project with an annual production capacity of 6,600 tons [34]. - Yueyang Lin Paper plans to acquire JunTai Technology for 1.278 billion yuan, indicating strategic growth in the sector [34]. Investment Recommendations - The "Guzi Economy" sector is expected to perform strongly in the short term, with an expanding user base and increasing consumer spending power providing long-term support. Attention is recommended for leading companies in goods and toy manufacturing [38]. - The home furnishing industry is anticipated to benefit from a recovery in real estate and government policies promoting upgrades, suggesting a focus on resilient and undervalued leaders in the sector [38]. - The paper industry is entering a traditional demand peak in Q4, with price increases likely to lead to profit recovery, recommending attention to integrated leaders in the pulp and paper sector [38].