Investment Rating - The report provides a positive outlook for the home furnishing sector, new tobacco, and packaging industries, while indicating a stable recovery for the paper industry and a potential upward trend for trendy toys and light consumer goods [3][4][6]. Core Insights - The home furnishing sector is expected to benefit from the easing of real estate policies, with a focus on companies with high dividend support and growth certainty for 2025 [4][9]. - The new tobacco sector shows resilience, with significant growth in e-cigarette exports to the U.S. and a favorable regulatory environment for heated tobacco products [10][11]. - The paper packaging industry is experiencing stable demand, with price increases anticipated due to seasonal demand and inventory reductions [11][12]. - The light consumer goods and trendy toys sectors are witnessing innovation and brand development, with a focus on new product cycles and market expansion [13][14]. Summary by Sections Home Furnishing Sector - Domestic demand is expected to recover as financial policies are implemented, while export figures show a slight decline due to tariffs imposed by the U.S. [4][9]. - Key companies to watch include 欧派家居, 索菲亚, and 顾家家居, which are positioned for growth in the domestic market [4][9]. New Tobacco Sector - E-cigarette exports from China increased by 4.25% year-on-year, with exports to the U.S. rising by 32.62% [10][16]. - Companies like 思摩尔国际 are highlighted for their strategic positioning in the market [10][11]. Paper Packaging Sector - Prices for various paper products remain stable, with a notable increase in demand leading to anticipated price hikes post-holidays [11][12]. - Recommended companies include 裕同科技 and 太阳纸业, which are expected to benefit from market conditions [11][12]. Light Consumer Goods and Trendy Toys - The sector is focusing on new product launches and expanding offline channels, with companies like 泡泡玛特 and 名创优品 leading the way [13][14]. - The AI glasses market is also emerging, with significant growth potential as new technologies are introduced [13][14]. Key Data and Trends - The report tracks various industry metrics, including furniture export data, domestic retail sales, and the performance of key sectors [16][23][34].

据了解，集成该系统的AI眼镜能将实时导航信息"投"在用户眼前。无论是骑行穿梭于城市街道，还是步 行探索陌生街区，实时转向引导、剩余距离及时间、当前时速等关键导航信息直接呈现在眼前，全程告 别频繁低头查看手机，让用户的视线始终聚焦于前方，提升出行安全性。 本报讯 （记者袁传玺）9月24日—9月26日，2025年云栖大会期间，夸克与高德分别依托于自身的AI技 术与精准导航能力，联合发布了行业首个集成导航Agent的近眼显示导航系统，为用户在日常骑行、步 行等场景中，提供语音快捷导航，以及前所未有的智能化出行体验。目前，这一解决方案已开放给行业 共享。 此次合作标志着高德空间智能技术与智能硬件的深度融合。此外，将于年底发布的夸克AI眼镜在具备 前述功能的基础上，还独家支持高德投屏导航等功能。这意味着，用户除了语音导航外，仍可使用常用 的高德地图发起导航后，将实时导航信息，自动无缝"投"至眼镜，给用户带来更加自然流畅的交互体 验。 除了强大的导航功能，夸克AI眼镜还具备通话、音乐、翻译、会议纪要等主流功能，并支持支付宝"看 一下"支付、淘宝比价、飞猪出行以及阿里商旅提醒等功能，极大地拓展了AI眼镜的使用场景。 与此同 ...

相关资料显示，夸克AI眼镜在2025年世界人工智能大会上首次宣布，预计将于年内正式发布。 彼时，相关负责人曾公开表示，夸克AI眼镜将融合阿里及支付宝生态：具备通义千问大模型和夸克最 新AI能力，还支持高德导航、支付宝看一下支付、淘宝比价、飞猪商旅提醒等。 本文系观察者网独家稿件，未经授权，不得转载。 与此同时，用户通过语音交互，实现行前路线查询，快捷发起导航以及行中变更目的地，抵达目的地 后，可语音查询周边信息。 此外，将于年底发布的夸克AI眼镜在具备前述功能的基础上，还独家支持高德投屏导航等功能。这意 味着，用户除了语音导航外，仍可使用常用的高德地图发起导航后，将实时导航信息，自动无缝"投"至 眼镜。 据悉，除了导航功能，夸克AI眼镜还具备通话、音乐、翻译、会议纪要等主流功能，并支持支付宝"看 一下"支付、淘宝比价、飞猪出行以及阿里商旅提醒等功能。 9月26日，观察者网了解到，在2025年云栖大会期间，夸克与高德分别依托于自身的AI技术与精准导航 能力，联合发布了行业首个集成导航Agent的近眼显示导航系统，为用户在日常骑行、步行等场景中， 提供语音快捷导航，以及前所未有的智能化出行体验。 目前，这一解决方 ...