纺织制造行业：纺织服装与轻工行业数据周报1.13-1.17

Investment Rating - The industry investment rating is "Buy" [2] Core Viewpoints - The textile and apparel industry is expected to perform well during the upcoming Spring Festival, with historical data showing that the textile index has outperformed the CSI 300 index in five out of the last ten years before the festival and has consistently outperformed after the festival [6] - Companies such as Nanshan Zhishang and Zhejiang Ziran are recommended for their proactive exploration of new product lines to create a second growth curve in the upstream textile manufacturing sector [6] - In the downstream apparel and home textile sector, companies like Semir Apparel, Weigao Medical, and Anta Sports are expected to show resilience in 2024 and lead the sector [6] - The home textile leaders, benefiting from a stabilized real estate market and an anticipated increase in wedding demand in 2025, include Mercury Home Textiles and Fuanna [6] - The discount retail sector is thriving, with attention on the developments of HLA and JD's strategic cooperation with JD Outlet [6] Summary by Sections Textile and Apparel Industry Market Review - During the period from January 13 to January 17, the Shanghai Composite Index fell by 2.31%, while the ChiNext Index rose by 5.39%. The textile and apparel sector (SW) increased by 4.30%, ranking 22nd among 31 primary industries [14] - The light industry manufacturing sector (SW) rose by 4.71%, ranking 17th [14] Textile and Apparel Industry Data Tracking - In December 2024, China's textile exports increased by 8.0% year-on-year, while clothing exports rose by 14.7% [6] - The retail sales of clothing, shoes, and hats showed a year-on-year change of -0.3% for enterprises above designated size, while online retail sales of clothing-related products grew by 1.5% cumulatively from January to December [6] Light Industry Manufacturing Data Tracking - The real estate market is showing signs of recovery, with sales improving due to policy catalysts [6] - The paper industry is expected to benefit from production cuts by leading companies, leading to a rebound in paper prices [6] - The packaging sector is anticipated to benefit from national subsidy policies and improved domestic demand [6]