The 2022 government work report shows the determination and confidence to promote the sustained recovery of consumption. According to the government work report, (1) “implement the new combined tax support policy, and it is estimated that the annual tax rebate and reduction will be about 2.5 trillion yuan”. This round of tax reduction and fee reduction policies will be further strengthened, increase the scope of reduction and exemption, expand the scope of application, and implement large-scale tax rebate for the retained tax, which will help alleviate the cost pressure of relevant enterprises (especially small and micro enterprises), Stimulate the vitality of enterprises; (2) “Promoting the increase of residents’ income through multiple channels, improving the income distribution system and improving consumption capacity”, “promoting the deep integration of Wuxi Online Offline Communication Information Technology Co.Ltd(300959) consumption, promoting the recovery of life service consumption and developing new consumption formats and new models”, which shows China’s determination to promote the sustainable recovery of consumption and also reflects the upgrading of consumption to service-oriented consumption in the future; (3) “Improve the supporting measures of the three child fertility policy, include the care expenses of infants under the age of 3 into the special additional deduction of personal income tax, develop inclusive childcare services and reduce the burden of family rearing”, strive to build a fertility friendly society and benefit the relevant business forms such as mother and child products (personal care, etc.) and services (confinement clubs, etc.).
Update of China’s foreign epidemic prevention and entry-exit policies: (1) Thailand: Thailand and India have established air bubbles to allow flights between the two countries to carry passengers from Thailand, India, Nepal and Bhutan, as well as passengers with Thai and Indian visas. (2) China: Recently, the epidemic situation in China has been relatively severe, with outbreaks in Hong Kong, Shenzhen, Shanghai, Wuhan, Chengdu, Qingdao and other places. Some provinces and cities have further strengthened epidemic prevention and control; From March 1, Shanghai suspended inter provincial team tourism and “air ticket + Hotel” business; Since March 2, Shandong travel agencies and online tourism enterprises have suspended the operation of inter provincial team tourism and “air ticket + Hotel” business.
This week (2021 / 2 / 28-3 / 6), investment and financing events occurred in coffee, culture and tourism, baby washing and care and other fields. The boutique coffee brand “seesaw coffee” has recently completed hundreds of millions of yuan of a + round of financing, which will be used for store expansion and digital construction across the country; “Changyue cultural tourism” is committed to providing the whole process service of strategy, planning and operation to the comprehensive development of cultural tourism projects, composite leisure industry, theme towns, Rural Revitalization and operation, as well as large tourism areas. Recently, it has won Shenzhen L&A Design Holding Limited(300949) strategic investment; “Turtle father” completed nearly 100 million yuan of PREA round financing, and the potential of baby washing and care track continues to be released.
Investment recommendations: recommendations: recommendations focus on the Btg Hotels (Group) Co.Ltd(600258) \\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\ China Tourism Group Duty Free Corporation Limited(601888) , Yunnan Botanee Bio-Technology Group Co.Ltd(300957) , Proya Cosmetics Co.Ltd(603605) Shanghai Jahwa United Co.Ltd(600315) , Chow Tai Seng Jewellery Company Limited(002867) , Henan Liliang Diamond Co.Ltd(301071) , Imeik Technology Development Co.Ltd(300896) , Bloomage Biotechnology Corporation Limited(688363) , Yonghe medical in the gold and jewelry sector, medical and beauty sector.
Risk tip: macroeconomic fluctuation risk, repeated epidemic situation and intensified industry competition.
