轻工制造、纺织服饰行业周报：继续关注出口链机会，包装纸价格延续走强（更正）-20251215

Core Insights - The report emphasizes the continued strength in packaging paper prices, with a general increase of 50 CNY/ton announced by major paper companies such as Nine Dragons and Shanying [7][44]. - The report maintains a "neutral" rating for the light industry and textile apparel sectors, while recommending "buy" ratings for specific companies including Oppein Home, Sophia, and Semir Apparel [2][44]. Industry News - A video call took place between He Lifeng, the Chinese Vice Premier, and U.S. Treasury Secretary Janet Yellen, discussing the importance of enhancing cooperation and addressing trade concerns [7]. - Major paper companies, including Nine Dragons and Liansheng Paper, have updated their price increase notices for packaging paper, reflecting a broader trend in the industry [7]. Important Company Announcements - Bohui Paper Industry announced an investment in a chemical pulp technology upgrade project, expanding its capacity from 95,000 tons to 320,000 tons with a total investment of 1.7 billion CNY [35]. - Explorer Holdings has acquired a 51% stake in Better Life Electronics for 321.3 million CNY [35]. Market Review - From December 1 to December 5, the light industry sector outperformed the CSI 300 index by 0.58 percentage points, with a weekly increase of 1.86% [35]. - The textile and apparel sector underperformed the CSI 300 index by 2.88 percentage points, with a decline of 1.60% [39]. Weekly Strategy - The report suggests that the easing of U.S.-China trade tensions and the anticipated interest rate cuts by the Federal Reserve could improve order expectations for export-oriented companies [43]. - Despite a 30.91% year-on-year decline in property transaction volumes in major cities, the report indicates that recent government subsidies may alleviate some pressure on the real estate sector [43]. - The report recommends focusing on low-positioning opportunities in home-related stocks, given the current market conditions [43].