过去一周，服装板块亮点集中在港股方面，两家各自领域的龙头企业均表现强势：业绩增速表现持续强势的安踏体育在 8.15 中报公布以来股价上涨 13%+，市值首次站上 800 亿港元持续领跑我国品牌服装公司；业绩触底回升明显的男装龙头中国利郎，在公布中报后开启回购，近两个交易日上涨 11%+。

本周大盘调整下行，全周沪深 300 指数下跌 0.38%，创业板指数下跌0.83%，纺织服装行业下跌 1.22%，表现逊于沪深 300 和创业板指数，其中纺织制造和品牌服饰板块分别下跌 0.93%和 1.51%。个股方面，转型股及部分具备稳健业绩增长的个股涨幅靠前。

中报披露的高峰期即将来临，虽然目前市场周期与价值类股票较为受追捧，但在报表披露的关键时间点，我们认为应该提高对高成长个股的关注。板块内像南极电商、跨境通结合增速与估值来看，均具备明显的配置价值。这两个标的也是我们基于提升产业效率的新模式投资主线下的代表个股，近期我们团队更是将南极电商列入东吴证券八月十大金股之列，提示投资者在半年报披露周期内予以重点关注。在供给侧改革（环保严控是源头）这条投资主线上，印染和棉纺的龙头具备值得长期看好的价值。

Individuals who are engaged in outdoor recreational activities like camping, hiking, and trekking are the major consumers of outdoor backpacks. Different types of outdoor backpacks are available in the market to cater to the varying demands of consumers. The design of outdoor backpacks varies in terms of the following: capacity, insulation, raw material, and temperature rating. Consumers choose outdoor backpacks based on the duration of their trips and types of activities. While purchasing outdoor backpacks, consumers give importance to the key technical parameters like bag frame structure, ventilation, pack access, removable top lid, padding, attachment points, rain cover, shoulder harness, hip belts, pockets, hydration packs, and straps. Outdoor backpacks are more expensive than casual bags as they are designed and manufactured using sturdy and durable raw materials to withstand the extreme weather conditions. A rise in participation in outdoor activities influences the demand for outdoor backpacks.

上周上证综指、深证成指、沪深 300 分别涨 0.27%、跌 0.73%和跌 0.38%。纺织服装板块跌 1.11%，其中纺织板块跌 0.46%、服装板块跌 1.48%。