纺织品和服装行业周报：美国关税预期有所缓和；滔搏牵手专业户外品牌Norrna

Investment Rating - The report suggests a positive outlook for the textile manufacturing sector due to the easing of US tariff expectations, which is expected to benefit textile manufacturers [1][10][11]. Core Insights - The easing of US tariffs is favorable for textile manufacturing companies, as recent statements from US officials indicate a potential reduction in tariffs on Chinese goods, which could lead to increased orders from overseas clients and improved domestic factory utilization rates [1][10][11]. - The partnership between Taobo and the professional outdoor brand Norrøna is expected to enhance Taobo's position in the outdoor segment, leveraging Norrøna's brand strength and Taobo's operational capabilities to drive growth in the Chinese market [2][13][15]. - The apparel retail sector showed a year-on-year growth of 3.6%, which is below the overall consumer market performance, primarily affected by unusual weather in March [3][16]. Industry Data Tracking - In April, the export value of clothing and accessories decreased by 1.17% year-on-year, with a significant decline in order visibility for manufacturers following the introduction of new US tariff policies [1][11]. - Raw material prices remained stable, with fluctuations in cotton and synthetic fiber prices, indicating a mixed outlook for input costs in the textile industry [3][19][20]. Investment Recommendations - For apparel brands, companies like Hailan Home are recommended due to their adaptability to consumer trends and strong profitability potential. Taobo is expected to benefit from the recovery of major brands like Adidas and Nike [4][22]. - In the upstream manufacturing sector, leading textile manufacturers are advised as they possess strong risk resilience and are likely to gain market share amid ongoing tariff adjustments [4][22]. Market Review and Company News - The textile and apparel sector saw a weekly increase of 3.47%, ranking sixth among 28 major industry sectors, with notable stock performances from companies like Huafang Co. and Yingfeng Co. [5][23][29]. - Recent announcements include Taizhou New Material's guarantee for its subsidiaries, indicating ongoing financial activities within the sector [6][32].