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国盛证券-轻工制造行业2022年报及2023Q1综述:穿越低谷,拥抱复苏-230509

轻工制造 2022 年报及 2023Q1 综述:穿越低谷,拥抱复苏 家居:业绩筑底,经营延续复苏。1)定制家居:2022 年零售收入增长具韧性,其中欧派、索菲亚同店增长 10.4%和 29.5%,志邦、金牌延续渠道扩张;大宗渠道严控工程风险,江山欧派收入增长领先。2023Q1 经营环境仍存压力,龙头前端订单增长稳健,然而费用投放规模效应未充分显现。2)软体家居:2022 年内销品类融合提速,客单值

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