Group 1 - The report emphasizes the importance of grasping the layout rhythm of new consumption sectors while paying attention to structural opportunities in traditional light industry, as the valuation of traditional light industry is at historical lows [2][8] - The new consumption sector is expected to lead the market in H1 2025, with a focus on new tobacco and trendy toys, while traditional light industry should be gradually increased in H2 2025 [2][12] - The report suggests that the new tobacco market is set for expansion due to the increasing global penetration rate and the easing impact of illegal products on the market [2][29] Group 2 - The paper highlights the structural opportunities in the paper and packaging sector, recommending a focus on companies with stable positions and high dividends, as well as those benefiting from industry consolidation [2][6] - The two-wheeler sector is expected to see improved market conditions due to new national standards and policies promoting trade-in programs, making it a favorable investment area [2][6] - The domestic home goods sector is projected to benefit from trade-in policies and resilient demand in the second-hand housing market, with a focus on companies with strong retail capabilities [2][6] Group 3 - The report indicates that the export sector is facing mixed risks and opportunities, with a recommendation to focus on companies with unique advantages or those showing marginal improvements [2][6] - The analysis of the new consumption sector identifies key areas such as light consumer goods, AI glasses, and pet food, with a focus on companies that can innovate and differentiate their products [2][12] - The report provides a detailed comparison of various segments within the new consumption sector, highlighting their market penetration rates and competitive dynamics [14][20]