国盛证券：重点关注家电内需供给优化外需新品类新市场_老虎社区_美港股上老虎

国盛证券：重点关注家电内需供给优化外需新品类新市场

智通财经网01-08

智通财经APP获悉，国盛证券发布研报称，2026年年家电轻工行业应重点把握四条投资主线：内需端1)需求侧有以旧换新政策托底的白电行业有望依托股息率具有较好的配置价值，供给侧充电宝行业有望迎来新规带动格局改善、国产五金市占率提升正当时;2)服务消费正当其时，人、货、场重构对应消费降级中的利基消费品——潮玩、折叠自行车、3D打印。外需端1)传统品类走出关税干扰恢复趋势明确，关注具有海外生产能力+强渠道...

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