--- title: "WanLian Security: The profit growth in several sub-sectors of consumer goods manufacturing has expanded, focusing on four major sectors including food and beverage companies" type: "News" locale: "en" url: "https://longbridge.com/en/news/243221306.md" description: "WanLian Securities released a research report indicating that from January to April 2025, the profits of industrial enterprises above designated size nationwide increased by 1.4% year-on-year. In the sub-sectors of the consumer goods manufacturing industry, the profit growth of industries such as agricultural and sideline food processing, food manufacturing, and beverages has expanded. It is recommended to pay attention to leading enterprises in four major sectors: food and beverages, cosmetics, gold and jewelry, and home appliances, especially those gold and jewelry companies that focus on product design and stable cash flow" datetime: "2025-06-05T07:33:08.000Z" locales: - [zh-CN](https://longbridge.com/zh-CN/news/243221306.md) - [en](https://longbridge.com/en/news/243221306.md) - [zh-HK](https://longbridge.com/zh-HK/news/243221306.md) --- # WanLian Security: The profit growth in several sub-sectors of consumer goods manufacturing has expanded, focusing on four major sectors including food and beverage companies According to the Zhitong Finance APP, WanLian Securities released a research report stating that, overall, the profits of industrial enterprises above designated size nationwide continue to recover. From January to April, the total profit of industrial enterprises above designated size increased by 1.4% year-on-year, an improvement of 0.6 percentage points compared to January to March. In terms of the consumer goods manufacturing sub-sectors, from January to April, the year-on-year growth rate of profits in the processing of agricultural and sideline products, food manufacturing, beverage and tea, and printing has expanded. Recommendations for attention: 1) Food and Beverage: As essential consumer goods, food and beverages are highly resilient with stable performance. It is recommended to focus on leading companies in sectors such as snacks, liquor, beer, dairy products, and condiments. 2) Cosmetics: Recently, the performance of cosmetic brands has shown increasing differentiation, with domestic brands rising. It is recommended to pay attention to leading cosmetic companies with strong brand power, excellent product quality, and flexible marketing strategies. 3) Gold and Jewelry: The rapid rise in gold prices in the short term has suppressed some consumer demand for gold and jewelry. In the medium to long term, it is recommended to focus on leading gold and jewelry companies that emphasize product design, stable cash flow, and high dividend yields. 4) Home and Appliances: With the implementation of old-for-new subsidies in multiple regions, there will be a certain stimulus to the demand for home appliances and home goods. It is recommended to focus on leading companies in the home and appliance sectors. ## The main points of WanLian Securities are as follows: **Profits of industrial enterprises above designated size continued to improve in April** From the profit perspective, from January to April 2025, the total profit of industrial enterprises above designated size nationwide reached 2,117.02 billion yuan, an increase of 1.4% year-on-year, an improvement of 0.6 percentage points compared to January to March. The profits of industrial enterprises continue to show a recovery trend. In April, the profits of industrial enterprises above designated size increased by 3.0% year-on-year, accelerating by 0.4 percentage points compared to March, with profits improving continuously that month. From the revenue perspective, from January to April 2025, the operating revenue of industrial enterprises above designated size nationwide reached 4,344.193 billion yuan, an increase of 3.2% year-on-year, a decrease of 0.2 percentage points compared to January to March. **The year-on-year profit growth rate of multiple consumer goods manufacturing sub-sectors has expanded** In terms of consumer goods manufacturing sub-sectors, among the 13 major categories of consumer goods manufacturing, six industries, including processing of agricultural and sideline products, food manufacturing, beverage and tea, tobacco products, textiles, and printing, showed positive year-on-year profit growth. Among them, the profit of agricultural and sideline product processing increased by 45.6% year-on-year, while the profits of the other seven industries showed negative growth year-on-year, with five industries declining by more than 10%. Specifically, the furniture manufacturing industry saw a year-on-year decline of 32.2%, paper-making declined by 23.6%, cultural and educational articles declined by 13.3%, and the clothing industry declined by 12.7%. Compared to the growth rates from January to March, the year-on-year profit growth rates of agricultural and sideline product processing, food manufacturing, beverage and tea, and printing further expanded, increasing by 5.3/1.2/1.2/10.7 percentage points respectively. The year-on-year declines in leather and fur products, wood processing, and furniture narrowed, while the declines in the clothing industry, paper-making, and cultural and educational articles expanded. From January to April, supported by the old-for-new policy for consumer goods, the profits of industries such as manufacturing of special accessories for household electrical appliances, manufacturing of household kitchen appliances, and manufacturing of non-electric household appliances grew by 17.2%, 17.1%, and 15.1% respectively. **Risk factors:** Risks of policy strength falling short of expectations, risks of macroeconomic and consumption recovery falling short of expectations, risks of fluctuations in overseas markets, etc ### Related Stocks - [603043.CN](https://longbridge.com/en/quote/603043.CN.md) ## Related News & Research - [Flow Pharma U.S. Patent Application Allowed for Issuance Covering Broad-Spectrum Ebola Therapy](https://longbridge.com/en/news/287076761.md) - [Intel CEO says foundry business is gaining momentum as customer interest grows](https://longbridge.com/en/news/286826548.md) - [12:11 ETOysterLink Reveals the Most In-Demand Hospitality Jobs in April 2026](https://longbridge.com/en/news/286943400.md) - [HOMETOWN FOOD COMPANY ISSUES ALLERGY ALERT ON UNDECLARED EGG IN BIRCH BENDERS 12OZ SWEET POTATO PANCAKE MIX](https://longbridge.com/en/news/287113056.md) - [URBANICA Furniture Makes Better Workdays Easier to Design](https://longbridge.com/en/news/287003627.md)