Group 1: Tourism and Visitor Experience - The "May Day" holiday has attracted numerous tourists to Yibin, Sichuan, allowing them to experience the charm of the city, particularly in the Cuiping District and Hejiangmen area [1] - Tourists are engaging in hands-on experiences such as tie-dyeing, where they can create unique items to gift to family members, enhancing their cultural understanding [3] - The Yibin Noodle Research Institute offers interactive noodle-making courses, allowing visitors to participate in the entire process from preparation to tasting, which has received positive feedback [4][5] Group 2: Cultural Activities and Local Features - Traditional Sichuan opera performances are being held during the holiday, providing a unique cultural experience for visitors who enjoy local snacks while watching the shows [7] - The Guanying Ancient Street features a variety of businesses, including restaurants, cafes, and cultural shops, contributing to a vibrant atmosphere during the holiday [11] - Special events such as a trendy market and performances are being organized in the historical cultural tourism area, enhancing the overall visitor experience [11]

Investment Rating - The report rates the textile and apparel industry as "Overweight" for 2025, indicating a positive outlook compared to the overall market performance [3][6]. Core Insights - Domestic consumption is steadily improving, with sports goods leading the growth. In Q1 2025, retail sales of clothing, shoes, hats, and textiles reached 369.4 billion, a year-on-year increase of 2.5%. Sports and entertainment goods saw a remarkable growth of 14.2% [3]. - Export performance shows a "grab export" effect due to tariff disturbances, with textile and apparel exports totaling 66.28 billion USD in Q1 2025, a 1% increase year-on-year [3]. - The acquisition of the German outdoor brand Jack Wolfskin by Anta for 290 million USD enhances its outdoor segment and strategic positioning in the European market [3]. - The report highlights the recovery in children's clothing driven by a rise in newborns and supportive national policies, predicting growth for leading children's brands [3]. Summary by Sections Domestic Demand - Retail sales in Q1 2025 for clothing, shoes, hats, and textiles were 369.4 billion, up 2.5% year-on-year. Sports goods retail sales reached 30.7 billion, growing 14.2% [3]. Export Demand - Textile and apparel exports in Q1 2025 were 66.28 billion USD, with textile exports at 33.27 billion (up 4%) and apparel exports at 33.01 billion (down 1.9%) [3]. Company Performance - Anta's revenue grew by 13% in Q1 2025, with a strong performance from its brands. Li Ning is expected to see low single-digit growth, while 361 Degrees reported a revenue increase of 18% [4][6]. - The report anticipates a 3% revenue growth for children's clothing brands like Semir and Jiaman in 2024 [3]. Investment Recommendations - Recommended stocks include Anta Sports, 361 Degrees, and Li Ning in the sports sector, and companies like Luolai and Semir in the home textile and children's clothing sectors [3][6].