社会服务行业周报（2024年第39周）

Investment Rating - The report maintains an "Outperform" rating for the social services industry [3][30]. Core Insights - The social services industry experienced a 2.02% increase from September 18 to September 20, outperforming the Shanghai Composite Index by approximately 0.69 percentage points, ranking 8th among major sectors [2][7]. - The education sector led the gains within the industry, with a rise of 4.75%, followed by the hotel and catering, tourism and scenic spots, and professional services sectors, which increased by 4.75%, 2.08%, 1.15%, and 1.03% respectively [2][9]. - Domestic travel during the Mid-Autumn Festival saw 107 million trips, a 6.3% increase compared to the same period in 2019, with total spending reaching 51.047 billion yuan, an 8.0% increase [3][24]. - The average daily number of domestic flights was 12,351, a decrease of 2.06% week-on-week and 1.80% year-on-year [17]. - Hainan's tourism consumption price index rose to 120.34, reflecting a 24.74% increase week-on-week and an 18.81% increase year-on-year [19]. - Duty-free sales in August 2024 reached 2.197 billion yuan, a 31.09% increase from July but a 33.12% decrease year-on-year [22]. Summary by Sections Industry Weekly Performance - The social services industry outperformed the Shanghai Composite Index with a 2.02% increase, ranking 8th among major sectors [2][7]. - The education sector had the highest weekly trading volume at 5.996 billion yuan and an average turnover rate of 85.91% [12]. Industry High-Frequency Data Tracking - The average daily domestic flight count was 12,351, down 2.06% from the previous week [17]. - Hainan's tourism consumption price index increased to 120.34, up 24.74% week-on-week [19]. - Duty-free sales for the first eight months of 2024 totaled 22.33 billion yuan, a 30.69% decrease year-on-year [22]. Industry News and Company Announcements - Domestic travel during the Mid-Autumn Festival reached 107 million trips, with total spending of 51.047 billion yuan [3][24]. - Shenzhen's border control recorded over 165 million entry and exit trips this year, surpassing the total for 2023 [25].