Industry core view:
last week (from December 20 to December 26) the Shanghai Composite Index fell by 0.39%, the Shenwan social service index fell by 0.03%, and the social service index outperformed the Shanghai Composite Index by 0.36 percentage points; last week, the main sub sectors of social services were mixed: hotel catering 3.82%, tourism and scenic spots 0.49%, education – 2.14%, professional services – 0.25% and sports 0.14%. Short distance peripheral tourism, ice and snow tourism and red tourism have recovered As the general trend, the hotel catering, tourism and scenic spots performed prominently this week thanks to the expansion of consumption during the double day festival and the hot reservation for postgraduate entrance examination at the weekend. Although the advent of specific drugs has given a shot in the arm to overcome the epidemic situation, the epidemic situation in Xi’an has not been controlled yet, which has a great impact on cultural and tourism companies. The popularity of postgraduate entrance examination in the education industry remains unabated, and the vocational education sector is still the focus of policy attention: the revised draft of the vocational education law is again submitted for deliberation, requiring vocational school students to enjoy equal opportunities with ordinary school students at the same level in terms of enrollment, employment and career development. It is suggested to pay attention to the education companies that benefit from policy support and deeply cultivate the subdivided track of vocational training.
1. Tourism: it is suggested to pay attention to: 1) head travel agencies and tourist destinations that benefit from the integration of peripheral tourism and sports tourism; 2) Hotel leaders benefiting from the recovery of consumption and diversified product layout. 2. Education: the revised draft of the vocational education law is again submitted for deliberation, requiring vocational school students to enjoy equal opportunities with ordinary school students at the same level in terms of enrollment, employment and career development. It is suggested to pay attention to the education companies that benefit from policy support and deeply cultivate the subdivided track of vocational training.
Key investment points:
last week (from December 20 to December 26) the Shanghai Composite Index fell by 0.39%, the Shenwan social service index fell by 0.03%, and the social service index outperformed the Shanghai Composite Index by 0.36 percentage points, ranking 13th in the rise and fall of Shenwan’s 31 primary industry indexes. Since the beginning of the year, the Shanghai Composite Index has risen by 4.17%, the Shenwan social service index has fallen by 14.44%, and the Shenwan social service index has lost 18.61 percentage points to the Shanghai Composite Index, at Shenwan’s 31 one Ranking the 29th in terms of growth among the first tier sub industries.
Industry related news: 1) Tourism: Xi’an epidemic has a great impact on cultural and tourism companies; China’s first anti covid-19 specific drug was approved on the market; With the opening soon, China has entered the “Winter Olympic time”; The big data report on China’s red tourism consumption (2021) was released. 2) education: the Ministry of Education: Discipline after-school training institutions have been reduced by more than 80%; the revised draft of vocational education law is again submitted for deliberation: colleges and universities should determine the corresponding proportion to recruit vocational school graduates; in 2022, the number of candidates for postgraduate entrance examination in China will be 4.57 million.
Important announcements of listed companies: Zhang Jia Jie Tourism Group Co.Ltd(000430) related party transactions, Cloud Live Technology Group Co.Ltd(002306) , Utour Group Co.Ltd(002707) equity sales, China Building Material Test & Certification Group Co.Ltd(603060) , Emtek (Shenzhen) Co.Ltd(300938) equity incentive, Xi’An Catering Co.Ltd(000721) suspension of business; China Hi-Tech Group Co.Ltd(600730) delisting of related parties, Jiangsu Chuanzhiboke Education Technology Co.Ltd(003032) , Dongguan Kingsun Optoelectronic Co.Ltd(002638) personnel changes, Offcn Education Technology Co.Ltd(002607) equity pledge.
Risk factors: 1. Risk of natural disasters and safety accidents. 2. Policy risk. 3. Investment, M & A and integration risk.
