两大原料巨头冲刺IPO，美越关税落地利好出口板块情绪修复

Investment Rating - The report indicates a positive sentiment towards the beauty and personal care sector, particularly driven by the upcoming IPOs of two major raw material companies, Weiqi Technology and Jiakai Biological [2][17]. Core Insights - The IPOs of Weiqi Technology and Jiakai Biological are expected to inject new momentum into the beauty raw materials market and enhance competitiveness within the sector [2][17]. - The recent U.S.-Vietnam tariff agreement is seen as beneficial for the export sector, particularly for textile manufacturing companies that have established production capacities in Vietnam [3][18]. - The retail performance in the apparel sector showed improvement in May, with a year-on-year growth of 4.0%, attributed to favorable weather and promotional events [4][20]. Summary by Sections Section 1: IPOs and Market Dynamics - Weiqi Technology and Jiakai Biological have submitted their IPO applications, with Weiqi holding a 6.6% market share in China's peptide raw materials industry, making it a leader in the sector [2][12][17]. - Jiakai focuses on plant-based and microbial fermentation raw materials, with a strong portfolio of products aimed at various cosmetic functions [11][14]. Section 2: Tariff Implications - The U.S. has agreed to impose a 20% tariff on goods imported from Vietnam, which is lower than previously anticipated, thus reducing the downside risk for companies in the textile sector [3][18]. - The textile manufacturing sector is expected to recover as the tariff situation stabilizes, with many companies already positioned in Vietnam [19]. Section 3: Industry Data Tracking - The apparel retail sector showed a month-on-month improvement in May, with a notable increase in consumer spending driven by seasonal factors and promotional activities [4][20]. - Raw material prices remained stable, with cotton prices showing slight fluctuations, indicating a relatively stable supply chain environment [21][22]. Section 4: Investment Recommendations - The report recommends investing in apparel brands like Hailan Home, which is adapting to consumer trends and has strong profitability potential [39]. - In the beauty sector, companies like Juzhi Biological and Jinbo Biological are highlighted for their resilience and upcoming product launches [5][39]. - The gold and jewelry sector remains attractive due to rising gold prices, with strong recommendations for brands like Laopu Gold [5][39]. Section 5: Market Performance Review - The textile and apparel sector saw a weekly increase of 1.36%, ranking 11th among 29 industry sectors, indicating a positive market sentiment [6][40]. - Key performers in the textile sector included Jihua International and Jiangnan Buyi, while the beauty sector faced mixed results with some companies experiencing declines [6][45]. Section 6: Industry News and Trends - The report notes significant growth in the beauty category on platforms like Douyin, with a total GMV exceeding 20 billion yuan in June, showcasing the strength of domestic brands [48].