轻工制造行业周报（24年第49周）：北美黑五网一增长强劲，消费品补贴扩容至消费电子

Investment Rating - The report maintains an "Outperform" rating for the light industry manufacturing sector [2][4]. Core Insights - North America experienced strong online retail performance during CyberWeek, with online retail sales reaching $41.1 billion, a year-on-year increase of 8.2%. The demand during the promotional shopping season remains robust [2][24]. - The U.S. housing market showed signs of improvement in October, with existing home sales increasing by 3.4% month-on-month, contributing to a recovery in furniture retail [2][31]. - Recent government subsidies in regions like Jiangsu and Guizhou have expanded to include consumer electronics, indicating a potential rebound in the 3C packaging demand within the industry [2][36]. Summary by Sections 1. Core Insights and Investment Recommendations - The report highlights a recovery in the home furnishing sector due to improved consumer sentiment and government support, recommending key players like Oppein Home, Sophia, and Gujia Home for investment [20]. 2. Weekly Research Tracking and Investment Thoughts - North America's CyberWeek online retail sales reached $41.1 billion, with significant growth across major categories, indicating strong consumer demand [24][27]. - The U.S. housing market's recovery is expected to further boost demand for home furnishings [31]. 3. Market Review - The light industry sector saw a weekly increase of 1.23%, with notable performance in the paper and packaging segments [40]. 4. Key Data Tracking - October furniture retail sales in China increased by 7.4% year-on-year, reflecting a positive trend in consumer spending [44]. - The report notes a rise in furniture and paper product exports, with furniture exports showing a year-on-year increase of 3.1% [44]. 5. Key Company Earnings Forecast and Investment Ratings - Several companies, including Zhiou Technology and Lege Co., are rated as "Outperform," with projected earnings per share (EPS) growth for 2024 and 2025 [4].