Home:
This week, the overall trend of the home sector has warmed up slightly. Since March, there have been four outbreaks all over the country, which have had a certain impact on the sales, installation and distribution services of home offline stores. However, the household demand is relatively rigid, and the demand will be gradually released in the later stage. Under the epidemic, more and more home building materials enterprises also began to accelerate the digitization process, which is conducive to slowing down the impact of the epidemic on enterprise sales. It is suggested to pay attention to: Zbom Home Collection Co.Ltd(603801) , Oppein Home Group Inc(603833) , Jason Furniture (Hangzhou) Co.Ltd(603816) .
Papermaking:
The paper sector continued to decline this week. In terms of pulp, the pulp price is stable, the energy price has a downward trend, and the profit space of pulp and paper products is expected to pick up. In terms of waste paper, in order to alleviate the problem of difficult supply of waste paper recycling during the epidemic, paper manufacturers will raise the price of waste paper recycling, and the price of waste paper products will also be raised next week. It is suggested to pay attention to: Shandong Chenming Paper Holdings Limited(000488) , Vida international, Shandong Sun Paper Co.Ltd(002078) .
Textile and clothing:
This week, the United States exempted 352 tariffs on imports from China, including a number of textile products. The global layout of textile manufacturing track and supply chain advantages are expected to give priority to benefits. It is suggested that global textile manufacturers Huali Industrial Group Company Limited(300979) , Shenzhou International, which pay attention to the production capacity layout at home and abroad, should be recommended; From the perspective of China’s retail end, the epidemic prevention work in some high-speed cities continues, and the recovery of consumption of optional categories is facing uncertainty. We continue to be optimistic about the assets with relatively high dividend yield in the sector. It is suggested to pay attention to Shenzhen Huijie Group Co.Ltd(002763) , Luolai Lifestyle Technology Co.Ltd(002293) , Zhejiang Semir Garment Co.Ltd(002563) .
Market performance this week:
This week, CITIC light industry manufacturing industry index rose by 0.33% compared with last week, and the overall sector underperformed the CSI 300 index by 2.11 percentage points; This week, the CITIC textile and garment industry index decreased by 0.53% compared with last week, and the overall sector underperformed the CSI 300 index by 2.96 percentage points. The CSI 300 rose 2.43%, the Shanghai Composite Index rose 2.19%, the Shenzhen Component Index rose 1.29%, and the gem index rose 1.10%. Among the 30 CITIC first-class industries, light industry manufacturing ranked 21st and textile and garment ranked 25th. Among the secondary industries of CITIC light industry manufacturing this week, papermaking fell 0.09%, packaging and printing fell 0.54%, household rose 1.89%, entertainment light industry fell 0.97%, and other light industries rose 0.92%; Among the secondary industries of textile and clothing this week, textile manufacturing decreased by 1.73% and brand clothing increased by 0.57%.
Investment advice
The paper sector suggests attention to Shandong Chenming Paper Holdings Limited(000488) Zhejiang Semir Garment Co.Ltd(002563) .
Risk tips
Policy risk, price fluctuation risk of raw materials, sluggish downstream demand risk, and failure of production capacity to meet expectations
