Industry core view:
Last week (April 4-april 10), the Shanghai Composite Index fell 0.94%, the Shenwan social service index fell 1.48%, and the social service index underperformed the Shanghai Composite Index by 0.54 percentage points; The main sub sectors of social services rose or fell: Hotel Catering – 4.26%, tourism and scenic spots 0.32%, education 1.95%, professional services – 4.63%, sports – 3.92%. The sales amount of Haikong global boutique duty-free city in the first quarter increased by 252% year-on-year. The addition of new retail methods such as live broadcast and online mall is not only conducive to expanding new customer groups, but also alleviated the impact of the epidemic on passenger flow to a certain extent. According to the statistics of the Ministry of culture and tourism, during the Qingming Festival, the number of Chinese tourists decreased by 26.2% year-on-year, but the tourism heat in the western region, which is less affected by the current round of epidemic, has increased greatly. The epidemic situation is still severe this week. The daily number of infections in Shanghai is still high, and confirmed cases have also occurred in Guangzhou and other places one after another. The State Council recently decided to postpone the payment of pension insurance in stages for the tourism industry. The successive implementation of relief policies shows the government’s determination to restore the service industry and is expected to help the tourism industry return to normal as soon as possible. The opinions on enabling Rural Revitalization by cultural industry have been issued recently. Research, study and experience tours of folk culture and art have become the focus of support. The industrial model of combining tourism and education will further promote the development and utilization of rural culture and art resources. In terms of education, when investigating the revision of the vocational education law in Anhui, Li Zhanshu stressed that vocational education should be “fragrant” and “hot”, and expressed his great attention to vocational education. The inclination of future policies and the change of social cognition will lay a solid foundation for the development of Vocational Education. The transformation of education companies has gradually become clear. Internet technology companies are once again involved in home education. The launch of Netease intelligent learning lamp shows their determination to further cultivate educational intelligent hardware, and education companies still have the opportunity to open up more development space in the future.
1. Tourism: suggestions: 1) tax exemption leader with excellent and stable business performance and benefiting from policy support and channel advantages; 2) The performance leader benefiting from the recovery of passenger flow and consumption under the normalization of the epidemic; 3) Head travel agencies benefiting from the popularity of suburban travel, peripheral travel and more relaxed support policies; 4) A hotel leader with strong anti risk ability. 2. Education: non discipline education and training and vocational education companies that actively transform and develop and meet the policy requirements.
Key investment points:
Industry related news: 1) Tourism: Ministry of culture and Tourism: during the Qingming Festival, the number of Chinese tourists decreased by 26.2% year-on-year; Haikong global boutique duty-free city made a good start in the first quarter, with sales increasing by 252% year-on-year; Nucleic acid was measured by all staff in 11 districts of Guangzhou, and 1015 + 22609 was added in Shanghai; The State Council: postpone the payment of pension insurance premiums for tourism and other industries in extreme poverty; Six departments including the Ministry of culture and Tourism: strengthen the construction of talents in rural cultural industry and cultivate a new team of professional farmers. 2) Education: the Ministry of Education issued a document: strive to realize the provincial unified proposition of the high school entrance examination in 2022, and ban the contents of high school and after-school training; Li Zhanshu: let vocational education “smell” and “heat up”; Netease Youdao announced that it has officially entered the intelligent learning table lamp market.
Important announcements of the listed company of the listing company of the listed company of the listed company of the company ”important Announcements: 30096 personnel change, Dalian My Gym Education Technology Co.Ltd(002621) financial management change.
Risk factors: 1. Risk of natural disasters and safety accidents. 2. Policy risk. 3. Investment, M & A and integration risk.
