轻工制造&纺织服饰行业周报：关注“谷子经济”投资机会与造纸板块盈利修复

Investment Rating - The report maintains a "Neutral" rating for the light industry manufacturing and textile apparel sectors, while recommending an "Overweight" rating for specific companies including Oppein Home, Sophia, Haotaitai, Explorer, and Semir Apparel [45]. Core Insights - The report highlights investment opportunities in the "Guzi Economy," which revolves around the economic activities related to secondary cultural products such as comics, animations, and games, with a compound annual growth rate of 42.2% from 2016 to 2023, reaching a market size of 221.9 billion yuan [11][12]. - The report notes a significant increase in consumer interest in discounted down jackets due to a major cold wave, indicating a shift in consumer behavior towards practicality and quality over price [11]. - The report indicates that the light industry manufacturing sector outperformed the CSI 300 index by 3.36 percentage points, with a weekly increase of 5.94% compared to the index's 2.59% [36]. Summary by Sections Industry News - The first domestic standard for anti-counterfeiting technology in liquor packaging has been released [11]. - The cold wave has led to a surge in demand for discounted down jackets [11]. High-Frequency Data - TDI prices increased by 60.00 yuan/ton to 12,600 yuan/ton, while MDI prices decreased by 40.00 yuan/ton to 19,200 yuan/ton as of November 29 [12]. - Domestic prices for various paper products, including corrugated paper and boxboard, have seen price increases [18][20]. Company Announcements - PIANO's actual controller has terminated the second agreement to transfer 13.524 million shares [32]. - Filinger's wholly-owned subsidiary has ended a strategic cooperation agreement with Shanghai Nanhongqiao Investment Development Group [33]. Market Review - The light industry manufacturing sector outperformed the CSI 300 index, with notable gains in the entertainment products sector, which saw a significant rise due to the "Guzi Economy" [36]. - The textile and apparel sector also outperformed the CSI 300 index, with specific companies showing substantial weekly gains [38].