轻工制造行业周报：出口链，2024M12漂白纸及纸板高增，弹簧床垫、保温杯双位数增长

Investment Rating - The industry is rated as "Positive," with expectations of overall returns exceeding the CSI 300 Index by more than 5% in the next six months [10]. Core Insights - The report highlights significant growth in the export chain for December 2024, particularly in the categories of bleached paper and cardboard, spring mattresses, and thermos cups, with the latter two experiencing double-digit growth [2][6]. - Specific growth rates include a 41% increase in bleached paper and cardboard, a 16% increase in spring mattresses, and a 17% increase in thermos cups [2][6]. Summary by Category Paper Industry - Bleached paper and cardboard saw a high growth rate of +41% - Carton products experienced a modest growth of +7% - Pulp and paper products remained stable with a growth rate of 0% [2][6]. Home Furnishings - Spring mattresses continued their double-digit growth trend at +16% - Other categories such as mattresses, office chairs, and PVC flooring saw single-digit increases of +3%, +8%, and +1% respectively - Demand for sofas and bathroom products weakened, with declines of -4% and -7% respectively [2][6]. Other Light Industry Products - Thermos cups maintained a double-digit growth rate of +17% - Plastic tableware showed stable growth at +2% - E-cigarettes experienced a slight decline of -4% [2][6].