纺织服装与轻工行业数据月报

Investment Rating - The industry rating for the textile and apparel sector is "Buy" [14]. Core Viewpoints - The textile and apparel industry is expected to show resilience in 2024, with companies like Semir Apparel, Weigao Medical, and Bosideng likely to lead the sector. Additionally, home textile leaders such as Mercury Home Textiles and Fuanna are anticipated to benefit from a stable real estate market and increasing wedding demand in 2025 [14]. - The report suggests focusing on companies that are actively exploring new product lines for growth, such as Nanshan Zhishang, and recommends accumulating shares of companies like Huali Group and Weixing Co. at lower prices in 2025, despite potential short-term disruptions from trade frictions [14]. - The report highlights that the industry has high entry barriers and strong competitiveness, with leading companies expected to maintain steady growth [14]. Summary by Sections Textile and Apparel Industry Review - The textile and apparel sector saw a decline of 3.45% from December 1 to December 27, ranking 23rd among 31 primary industries. The light industry manufacturing sector also declined by 4.10%, ranking 28th [14]. - Cotton spinning enterprises reported a cumulative yarn production increase of 0.3% year-on-year, while fabric production rose by 1.0% year-on-year from January to November 2024 [14]. Data Tracking - The report includes data on the import and export situation of wool and wool products, with a total import value of 14.95 billion yuan, showing a year-on-year decrease of 0.6% [14]. - The report also notes that the export value of Swiss watches to China decreased by 27.0% year-on-year in November 2024, with a cumulative export value decline of 26.3% from January to November 2024 [14]. Light Industry Manufacturing Review - The light industry manufacturing sector is experiencing a recovery, driven by improved real estate policies and consumer demand. The report suggests that the packaging industry is likely to benefit from domestic demand improvements [14].