Changjiang Securities·2025-07-28 14:46Investment Rating - The report recommends a "Buy" rating for the highlighted stocks in the consumer sector, indicating a positive outlook for their performance in the coming years [11][15][17]. Core Insights - The report identifies nine key advantageous sectors within the consumer industry, including agriculture, retail, social services, automotive, textile and apparel, light industry, food, home appliances, and pharmaceuticals, with specific stock recommendations for each sector [3][7]. - The report emphasizes the long-term growth potential of these sectors, driven by market dynamics and company-specific strategies, suggesting that investors should actively consider these opportunities [10][12][14][15][17]. Summary by Sector Agriculture - Recommended Stock: Muyuan Foods (牧原股份) - The company is expected to benefit from an optimized competitive landscape and improved profitability, with a target average cost of 12 RMB/kg for 2025 [10]. Retail - Recommended Stock: Maogeping (毛戈平) - The company is expanding its product lines and has shown strong performance during recent sales events, with projected adjusted net profits of 11.9, 15.4, and 19.1 million RMB for 2025-2027 [11]. Social Services - Recommended Stock: Core International (科锐国际) - The company is leveraging AI to enhance efficiency and is expected to see significant profit growth, with projected net profits of 2.87, 3.99, and 5.23 million RMB for 2025-2027 [12]. Automotive - Recommended Stock: Minth Group (敏实集团) - The company is well-positioned to benefit from the growing penetration of new energy vehicles in Europe, with significant revenue growth anticipated [13]. Textile and Apparel - Recommended Stock: HLA (海澜之家) - The company is expected to maintain strong growth through its direct sales model and e-commerce expansion, with projected net profits of 23.9, 26.3, and 30.1 million RMB for 2025-2027 [14][15]. Light Industry - Recommended Stock: Baiya (百亚股份) - The company is focusing on e-commerce growth and is expected to see substantial profit improvements, with projected net profits of 3.8 and 5.1 million RMB for 2025-2026 [15]. Food - Recommended Stock: Guoquan (锅圈) - The company is enhancing operational efficiency and aims to open 10,000 new stores in the next five years, with projected net profits of 4.50, 5.89, and 7.31 million RMB for 2025-2027 [16]. Home Appliances - Recommended Stock: Gree Electric Appliances (格力电器) - The company is expected to benefit from strong market demand and has projected net profits of 355.19, 384.52, and 420.86 million RMB for 2025-2027 [17]. Pharmaceuticals - Recommended Stock: China National Pharmaceutical Group (中国生物制药) - The company is advancing its innovative product pipeline and is expected to see significant revenue growth from its new products, with projected revenues of 120.6 billion RMB in 2024 [19].