纺织服装行业周报：长假消费平稳增长，板块活跃度有望逐步提升

Investment Rating - The industry investment rating is maintained as "Positive" [5] Core Viewpoints - The long holiday consumption showed stable growth, which is expected to gradually enhance the activity level of the sector. The overall performance of optional consumption remains average, with the textile and apparel industry index underperforming compared to the CSI 300 and ChiNext indices. However, some small and medium-sized stocks, as well as previously declining brand leaders, have shown good gains [3][13] - During the 2025 Spring Festival, key retail and catering enterprises saw a year-on-year sales increase of 4.1%, while online retail sales grew by 5.8%. The sales of monitored retail enterprises in home appliances and communication equipment benefited from the "old-for-new" policy, with a growth of over 10%. Domestic travel increased by 5.9% year-on-year, and total spending on domestic travel reached a historical high with a 7.0% increase [3][13] - The report emphasizes a mid-term positive outlook for leading companies in the export manufacturing sector, such as Weixing Co., Ltd. (002003, Buy), Shenzhou International (02313, Buy), and Huali Group (300979, Buy). It also highlights the resilience and attractive valuation of domestic demand brands, recommending Bosideng (03998, Buy) and Anta Sports (02020, Buy) [3][13] Summary by Sections Market Performance - The textile and apparel industry index increased by 0.3%, underperforming the CSI 300 and ChiNext indices, with the textile manufacturing sector up by 0.82% and the brand apparel sector down by 0.15% [9][3] - Notable individual stock performances included positive returns for brands like Anta Sports and Bosideng [9] Recommended Stocks - The report suggests a combination of stocks including Weixing Co., Ltd. (002003, Buy), Poraiya (603605, Buy), Shenzhou International (02313, Buy), and Hailan Home (600398, Buy) [12][3] - In a declining market risk preference, dividend stocks such as Semir Apparel (002563, Buy) and Hailan Home (600398, Buy) are considered worthy of attention [15][3]