纺织服饰行业2025中期策略:关注功能性服饰珠宝龙头 优选具备增量业务个股

国盛证券
07 Jul

2025 年H2 期待服饰珠宝需求稳健复苏,关注产品/渠道层面的新趋势。2025 年1~5 月服装鞋帽针纺织品类零售额同比增长3.3%,金银珠宝类零售额同比增长12.3%。展望2025H2,我们判断市场需求较为平稳,考虑基数效应预计居民服装珠宝需求复苏趋势有望延续。当前消费需求也在呈现新的特点:1)产品端:多样化需正在逐步显现,运动鞋服板块跑步和户外等功能性品类增长优异,面对金价高企的态势,具备...

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