Core view
Investment strategy of light textile in 2022: “seeking” progress “in” change “, and taking the lead in subdividing leaders. Furniture: focus on domestic market channel reform opportunities. Among them, it is recommended to pay attention to Oppein Home Group Inc(603833) , Suofeiya Home Collection Co.Ltd(002572) , Zbom Home Collection Co.Ltd(603801) , Goldenhome Living Co.Ltd(603180) for customized furniture; For finished furniture, it is recommended to pay attention to Jason Furniture (Hangzhou) Co.Ltd(603816) , Qumei Home Furnishings Group Co.Ltd(603818) , etc. Papermaking, packaging and printing: subdivide and optimize the track pattern, and the strong will always be strong. It is recommended to pay attention to Shandong Sun Paper Co.Ltd(002078) , Shanying International Holdings Co.Ltd(600567) , Xianhe Co.Ltd(603733) , Quzhou Wuzhou Special Paper Co.Ltd(605007) , Chongqing Baiya Sanitary Products Co.Ltd(003006) , Hangzhou Haoyue Personal Care Co.Ltd(605009) , etc. Entertainment and jewelry sector: consumption upgrading continues and prosperity rises. It is recommended to pay attention to Shanghai M&G Stationery Inc(603899) and Chow Tai Seng Jewellery Company Limited(002867) . Retail of home building materials: professional home building materials stores are still dominant, and digital and high-frequency consumption empowerment have become the mainstream. It is recommended to pay attention to Easyhome New Retail Group Corporation Limited(000785) , Red Star Macalline Group Corporation Ltd(601828) leading in digital transformation. Textile and clothing: the national trend continues, and there are good opportunities for sports shoes and children’s wear. It is suggested to pay attention to Anta sports, Huali Industrial Group Company Limited(300979) , Zhejiang Semir Garment Co.Ltd(002563) , Winner Medical Co.Ltd(300888) , Bosideng, etc.
Market review this week: this week, the Shanghai Composite Index fell 0.39%, the light industry manufacturing industry rose 0.48%, slightly outperforming the market, and the textile and garment industry fell 0.73%, slightly underperforming the market. Among them, the paper sector fell 1.81%, the packaging and printing sector fell 0.09%, the home sector rose 2.9%, the entertainment light industry sector rose 2.01%, and other light industry sectors fell 4%; The textile manufacturing sector fell 0.03%, and the clothing and home textile sector fell 0.69%. The top three gainers in the light industry manufacturing industry this week were Chuangyuan culture (16.15%), Shanghai Shunho New Materials Technology Co.Ltd(002565) (15.98%), Quzhou Wuzhou Special Paper Co.Ltd(605007) (14.47%); the top three gainers were Cultural Great Wall (- 16.04%), panda Financial Holdings (- 13.67%) and Weihua shares (- 11.93%). The top three gainers in the textile and garment industry were Leshan Giantstar Farming&Husbandry Corporation Limited(603477) (13.13%), Shangying Global Co.Ltd(600146) (10.18%), Zhejiang Kanglongda Special Protection Technology Co.Ltd(603665) (8.46%); and the top three gainers were starting shares （-11.11%）、 Qing Dao Kutesmart Co.Ltd(300840) （-10.73%）、 Xinjiang La Chapelle Fashion Co.Ltd(603157) （-9.27%）。
Key data tracking in one week: the price of dissolved pulp in this week was 6700 yuan / ton, unchanged from last week; Bleached coniferous pulp Silver Star (Chile) this week’s quotation is 770 US dollars / ton, up 8% from last week, while the prices of other pulp varieties are flat compared with last week; the price of packaging paper is lower than last week, and the prices of whiteboard / white cardboard / box board / corrugated paper are – 50 / – 83 / – 113 yuan / ton to 4960 / 6120 / 5035 / 4062 yuan / ton respectively, while the price of cultural paper remains stable. The number of commercial housing transactions in large and medium-sized cities this week is 31660, up + 20% from last week; this week is 30 The transaction area of commercial housing in large and medium-sized cities was 3.26 million square meters, up + 19% from last week. Spot cotton: this week, China’s cotton price index: 328 was 21947 yuan / ton, up 57 yuan / ton from last week; Cotlook: a index: 1% tariff was 19069 yuan / ton, an increase of 458 yuan / ton over last week; The price difference between Chinese and foreign cotton was 2878 yuan / ton, down 401 yuan / ton compared with last week; Cotton futures: the closing price of cotton futures on Zheng stock exchange this week was 21480 yuan / ton, up 315 yuan / ton compared with last week; The closing price of cotton futures on the New York Stock Exchange was 109.15 cents / pound, down 0.56 cents / pound from last week.
Risk warning: the price of raw materials fluctuates greatly; Risk of terminal demand slump; Exchange rate fluctuation risk; The introduction of e-cigarette policy was less than expected.
