Main points
Home:
The overall household sector declined slightly this week. Since March, banks in more than 100 cities across the country have independently lowered mortgage interest rates, with an average range of 20 to 60 basis points. The relaxation of mortgage interest rates is expected to warm the real estate market and further repair the current demand situation of the home industry Gongniu Group Co.Ltd(603195) released the annual report for 2021 and registered Ningbo Bull New Energy Technology Co., Ltd., a new wholly-owned subsidiary, focusing on new energy and intelligent transmission and distribution equipment. In the future, it will speed up the layout of charging guns and piles in the field of new energy electrical connection. It is suggested to pay attention to: Suofeiya Home Collection Co.Ltd(002572) , Oppein Home Group Inc(603833) , Gongniu Group Co.Ltd(603195) .
Papermaking:
The paper sector continued to decline this week. In terms of pulp, the price of broad-leaved pulp continued to pick up, and the price of coniferous pulp increased slightly. In terms of waste paper, the rising trend of waste paper recycling prices has slowed down. In other paper products, the price of double offset paper rose, and the price increase letters of nine dragons and Shanying took effect. It is suggested to pay attention to: Shandong Huatai Paper Industry Shareholding Co.Ltd(600308) , Shandong Sun Paper Co.Ltd(002078) , Winner Medical Co.Ltd(300888) .
Other light industries:
With the popular IP “labubu” wizard as the protagonist, the UT jointly signed with UNIQLO will be on sale this month, and the recognition of the company’s IP business value is expected to improve. Under the new normal of the epidemic, bubble Mart built a refined private domain operation around tide play, promoted Wuxi Online Offline Communication Information Technology Co.Ltd(300959) accelerated integration through two small programs: box extractor and member center, and helped enterprises break down store barriers and reach consumers through multiple channels. Suggestion: bubble Mart.
Textile and clothing:
This week, the epidemic disturbance in some provinces and cities in China continued, and the offline stores and online e-commerce logistics distribution of the textile and garment industry were under pressure, which still had an impact on the industry. We believe that there are structural configuration opportunities in the industry: first, as a high boom track in the industry, sportswear track is expected to recover first after the epidemic is controlled. We are optimistic about the long-term configuration value of high-quality targets. We suggest paying attention to Anta sports, Li Ning and Tebu International; 2、 As for the textile manufacturing track, we believe that it has the advantages of supply chain and the ability of global layout, and the leading global textile manufacturers are expected to usher in steady performance growth. It is recommended to pay attention to Huali Industrial Group Company Limited(300979) shenzhou international.
Market performance this week:
This week, CITIC light industry manufacturing industry index fell by 1.52% compared with last week, and the overall sector underperformed the CSI 300 index by 0.46 percentage points; This week, the CITIC textile and garment industry index decreased by 1.51% compared with last week, and the overall sector underperformed the CSI 300 index by 0.45 percentage points. The CSI 300 fell 1.06%, the Shanghai Composite Index fell 0.94%, the Shenzhen Component Index fell 2.20%, and the gem index fell 3.64%. Among the 30 CITIC first-class industries, light industry manufacturing ranked 16th and textile and garment ranked 15th. Among the secondary industries of CITIC light industry manufacturing this week, papermaking fell by 0.76%, packaging and printing fell by 3.18%, household rose by 0.07%, entertainment light industry fell by 0.97%, and other light industries fell by 2.04%; Among the secondary industries of textile and clothing this week, textile manufacturing decreased by 1.51% and brand clothing decreased by 1.52%.
Investment suggestion: the paper sector suggests to pay attention to Shandong Huatai Paper Industry Shareholding Co.Ltd(600308) , Shandong Sun Paper Co.Ltd(002078) , Winner Medical Co.Ltd(300888) , the home sector suggests to pay attention to Oppein Home Group Inc(603833) , Suofeiya Home Collection Co.Ltd(002572) , Gongniu Group Co.Ltd(603195) , other light industries suggest to pay attention to bubble mat, and textile and clothing suggest to pay attention to Huali Industrial Group Company Limited(300979) , Shenzhou International, Anta sports education, Li Ning and Tebu international.
Risk tips
Policy risk, price fluctuation risk of raw materials, sluggish downstream demand risk, failure of production capacity to meet expectations risk, public health event risk
