社会服务行业·周观点：从“互联网+”到“AI+”，乌镇峰会见证产业变革趋势

Investment Rating - The industry investment rating is "Overweight" indicating that the growth level of the industry is expected to be higher than that of the CSI 300 index over the next six months [83]. Core Viewpoints - The 2024 World Internet Conference in Wuzhen showcased the transformation trend from "Internet+" to "AI+", with AI becoming a new theme at the summit. Various AI applications, including autonomous vehicles and drones, are increasingly integrated into daily life and business operations [47][48]. - According to Gamma Data's report, global AI application traffic increased by 13.64% month-on-month in October, with total visits exceeding 6 billion. The advertising investment in top AI applications surpassed 400 million yuan, reflecting a fivefold increase over the past six months [48]. - The establishment of the AI developer community "Magic" has led to over 20,000 models being created, attracting more than 8 million users and over 300,000 enterprises utilizing AI innovation platforms [48]. - The report emphasizes that the rapid iteration of AI technology and the emergence of new applications are expected to accelerate the performance of related companies, with potential for explosive applications in various industries [55]. Market Performance Review - The social services sector index experienced a weekly decline of 5.24%, ranking last among the 31 sectors in the Shenwan classification. The Shanghai Composite Index fell by 1.91%, while the CSI 300 and Shenzhen Component Indexes dropped by 2.60% and 2.89%, respectively [28][37]. - Within the sub-industries, education saw a decline of 5.91%, followed by hotel and catering at -4.44%, and tourism and scenic spots at -4.01% [39]. - The top five performing stocks in the social services sector included Guolai Detection (23.15%), Puni Testing (21.18%), and Guojian Group (15.68%), while the bottom five were Doushen Education (-22.99%) and Kevin Education (-15.04%) [41]. Investment Themes - Investment Theme 1: The expansion of visa-free countries is expected to boost the inbound tourism market. The recent policy changes are anticipated to significantly increase the number of foreign visitors to China, benefiting high-profile domestic tourist attractions [56]. - Investment Theme 2: The report highlights the potential for AI applications to enhance business efficiency and consumer experience, with a focus on sectors such as advertising, education, e-commerce, and media [55].