造纸轻工行业周报：关注家居策略报告；AI眼镜高成长赛道，出口具备韧性

Investment Rating - The industry investment rating is "Overweight" indicating that the industry is expected to outperform the overall market performance [38]. Core Insights - The report highlights a positive outlook for the home furnishing sector, driven by government policies supporting consumption and real estate, which are expected to boost demand and enhance the market share of leading companies [51][60]. - The light industry sector shows signs of recovery, with consumer spending expected to improve marginally, benefiting quality enterprises [51]. - The packaging sector is anticipated to benefit from subsidies for consumer electronics, particularly for high-end packaging companies [51]. - The paper industry is experiencing supply-demand improvements due to production halts, leading to price stabilization and potential long-term optimization of the industry structure [51]. Summary by Sections Home Furnishing Sector - The home furnishing sector is expected to benefit from dual advantages of consumption and real estate policies, with ongoing optimization of the old-for-new subsidy policy likely to stimulate demand [51][60]. - The report emphasizes that leading companies in the sector are likely to see enhanced market share due to these favorable policies [60]. Light Industry Sector - The light industry is projected to experience a marginal recovery in consumer spending, with a focus on companies that can leverage supply chain advantages and diverse channel strategies [51]. Packaging Sector - The report notes that subsidies for consumer electronics packaging are being introduced, which will favor high-end packaging companies [51]. Paper Industry - The paper industry is witnessing improvements in supply-demand dynamics due to production halts, with prices stabilizing and a positive outlook for the long-term industry structure [51].