基金轻工配置比例下滑。截至23Q1末，基金对轻工板块的配置比例为 0.71%，环比减少0.12pcts，同比减少 0.34pcts。轻工板块基金持仓占比小幅下滑，持仓仍位于低配区间。造纸/包装印刷/家用轻工配置比例分别为 0.19%/0.06%/0.45%，环比分别+0.01pcts/-0.013pcts/-0.122pcts，包装印刷与家用轻工呈下降趋势。

Hair wigs and toupées are used to conceal hair thinning, pattern baldness, bald spots, and hair loss along the hairline. They are used to cover either the entire head or partial portions. On the contrary, hair extensions are used to increase the volume and/or length of the hair. Hair wigs and extensions can be made by using human hair or synthetic fibers that resemble human hair. Currently, the demand for multi-colored and themed wigs for events such as Halloween and cosplays is high.

Cosplay is mainly considered an act of dressing up related to a specific character or concept. Individuals who conduct or enact these characters regularly are known as cosplayers. These cosplayers get highly involved in the character, go above and beyond the role, and conduct a roleplay as per the desired character and its respective gestures and mannerisms.

A carpeted floor is a textile floor covering consisting of an upper layer of the pile that is attached to a backing. The word carpet is often interchangeably used with rugs. However, these two differ significantly. A carpet is a soft floor covering that is typically used in heavy and low-traffic areas. It refers to wall-to-wall coverage of the area and lasts for 10-15 years. However, rugs are not bigger than the size of a room. Carpets are used for various purposes, including insulating a cold tile or concrete flooring, making the floor a comfortable place to sit in, reducing the noise while walking, particularly in high-traffic areas, or decorating a place. Carpet flooring provides safety as they are slip-resistant, sound-absorbent and acts as a thermal insulator.

地产向好&需求复苏，家居龙头有望取得亮眼表现。政策支持&预期改善&需求回暖，地产端有望持续向好：竣工方面，前期开发商囤积大量未完工项目，保交楼将促进完工，竣工好转将支撑家居需求；销售方面，春节后地产销售持续改善，截至3 月30 日，30 大中城市商品房成交套数及面积累计分别同比增长35.2%、38.19%。疫后客流显著复苏，延期需求持续释放，家居龙头信心十足，均对23 年设定乐观目标，且积极推动营销策划，全年有望实现亮眼表现。315 反馈来看，定制龙头前端普遍增长约20%，有望带动Q2 报表端实现改善。2023 年1~2 月，社零总额同比增长3.5%，家具类零售额同比增长5.2%。

终端持续去库存，23 年纺织服装与服饰业有望迎来向上复苏拐点。当前纺织服装与服饰业利润总额处于低位，行业库存已经连续下降6 个月，属于典型的主动去库阶段。22 年行业固定资产投资完成额同比上升30.8%，下游服装业出口中枢上升，预计23 年即将迎来纺织服装与服饰业的向上复苏拐点。终端服装消费复苏，预计二季度有望传导至数码印花设备端。根据央视网报道，23 年春节以来杭州服装批发市场订单进入供不应求状态。终端需求上升将最先传导至墨水端，我们预计一季度数码印花使用的墨水出货量有望出现改善，墨水端复苏先行，随后印花厂商产生新增设备需求，预计二季度数码印花设备的需求将逐步释放。

1-2 月社零表现优于市场预期，2 月社零总额环比1 月基本持平。23 年1-2 月，国内实现社零总额7.70 万亿元，同比增长3.5%，增速由负转正，表现优于市场一致预期（根据Wind，23 年1-2 月社零当月同比增速预测平均值为+2.9%）。其中，除汽车以外的消费品零售总额同比增长5.0%。根据国家统计局，从环比看，2 月份社会消费品零售总额比上月下降0.02%。按消费类型分，餐饮收入在上年同期高基数情况下同比增长9.2%，商品零售同比增长2.9%。按经营单位所在地分，城镇消费品零售额同比增长3.4%，乡村消费品零售额同比增长4.5%。今年以来，国内消费市场如期复苏，线下客流显著恢复，接触型餐饮消费表现显著优于商品零售，根据汇客云，2023 年农历春节期间（1.21-1.27日）全国购物中心场均日客流1.95 万人次，同比2022 年春节增长6.9%。“3.8 女神节”全国购物中心场均日客流2.06 万次，同比去年同期增长15%。