Industry core view:
Last week (from April 11 to April 17), the Shanghai Composite Index fell 1.25%, the Shenwan social service index fell 0.62%, and the social service index outperformed the Shanghai Composite Index by 0.63 percentage points. The main sub sectors of social services rose or fell: hotel catering 7.11%, tourism and scenic spots – 3.29%, education – 6.06%, professional services 3.48% and sports – 6.44% Xi Jinping recently visited Sanya International duty-free city to learn about the implementation of the tax-free policy on outlying islands, emphasize the economic role of consumption, and put forward guiding opinions on tax-free operation. In the first quarter, the amount of duty-free shopping on Hainan’s outlying islands increased by 8.4% year-on-year. With the improvement of the epidemic in Hainan, all duty-free cities in Sanya have resumed operation. In addition, with the continuous promotion of consumption activities, duty-free consumption on outlying islands is expected to rebound. In order to alleviate the severe impact of the epidemic on the travel agency industry, the Ministry of culture, culture and tourism has decided that travel agencies can withdraw or suspend the payment of the deposit in full. Previously, there have been a number of measures to promote the recovery of the tourism industry. According to the deployment of the State Council, the implementation of the tourism relief policy will continue to be implemented in the future. In terms of education, the five-year plan for family education recently issued emphasizes the school family social collaborative education mechanism, integrates family education guidance services into urban and rural community public services, and the needs of parent schools and other family education guidance institutions will be further expanded. The Ministry of human resources and social security requires all localities to guide social institutions to carry out market scarce vocational skills training for urgently needed occupations. As an important way to supply skilled talents, vocational education institutions will innovate the training mode to meet the market demand and inject new strength into vocational education training. The State Council proposed to promote the Wuxi Online Offline Communication Information Technology Co.Ltd(300959) integrated supervision of new business forms such as online education and training to protect the rights and interests of consumers, which will help to create a stable and transparent online education and training market environment and promote the standardized operation of online education and training.
1. Tourism: suggestions and concerns: 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: family education and vocational education companies that actively transform and develop and meet the policy requirements.
Key investment points:
Industry related news: 1) Tourism: Xi Jinping General Secretary visited Sanya international duty free city; Hainan: in the first quarter, the sales of duty-free goods on outlying islands exceeded 20 million; Sanya duty-free shops have all resumed business; Further adjust the quality of the deposit: the tourism service department; The State Council deployed a series of policies and measures to promote consumption. 2) Education: 11 departments: promote the establishment of parent schools for primary and secondary schools and children, and integrate family education guidance services into public services in urban and rural communities; Ministry of human resources and social security: guide social institutions to carry out vocational skills training in short supply in the market and innovate the mode of school enterprise cooperation; CPC Central Committee and State Council: promote Wuxi Online Offline Communication Information Technology Co.Ltd(300959) integrated supervision of online education and training.
Important announcements of the listed company’important announcements of the listed company’important announcements of the company’important announcements of the listed company of the company’important announcements of the company ” , Utour Group Co.Ltd(002707) , Huangshan Tourism Development Co.Ltd(600054) annual report disclosure.
Risk factors: 1. Natural disaster and safety accident risk. 2. Policy risk. 3. Investment, M & A and integration risk.
