Light Industry Weekly: Furniture trade-in policy or introduction within the month

Maintain the “Cautiously Recommended” rating for the light industry , in which the two sub-sectors of packaging, printing, culture and education are rated as “cautiously recommended” and the two sub-sectors of household and paper are “neutral”. Our recommended investment portfolio this week is: Qixin Stationery: The direct sales business has grown rapidly in the past two quarters. IPO The project is put into production during the year, and the performance is expected to increase by nearly 40%. Qifeng shares: raw material prices fall, production capacity increases, industry oligarchs have potential pricing power, and small non-pressures weaken; Hengfeng Paper: pulp prices fall and product prices are relatively rigid, expected hair The increase in interest rates and the high gross profit margin of high-permeability molded paper are in short supply. The current valuation is relatively low. Dongfeng shares: The fall in the price of pulp may lower the price of white card and coated paper products, and the current valuation is lower.

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