社会服务行业周报（2025年第2周）

Investment Rating - The industry rating is "Outperform the Market" [4][32]. Core Insights - The social service industry experienced a decline of 3.38% from January 6 to January 10, 2025, underperforming the Shanghai Composite Index by approximately 2.25% [7][8]. - All sub-sectors within the social service industry saw declines, with the hotel and catering sector experiencing the largest drop of 7.10% [2][12]. - The report highlights ongoing government policies aimed at boosting domestic demand, including an initial allocation of 81 billion yuan for the "old for new" consumption policy [2][21]. Summary by Sections Industry Weekly Performance - The Shanghai Composite Index fell by 1.13%, while the social service industry ranked 28th among the Shenwan first-level industries [7]. - Sub-sector performance included education at -0.75%, professional services at -2.93%, tourism and scenic spots at -4.06%, and hotel catering at -7.10% [8][12]. Industry High-Frequency Data Tracking - The average daily number of domestic flights from January 6 to January 12, 2025, was 12,806, reflecting a week-on-week increase of 3.92% and a year-on-year increase of 3.14% [15]. - The total tourism consumption price index in Hainan was 101.6, with a week-on-week increase of 0.22% and a year-on-year increase of 7.71% [16]. Industry News and Company Announcements - The central government has allocated 81 billion yuan for the "old for new" consumption policy to stimulate economic activity [21]. - The 2025 National Education Work Conference emphasized the importance of enhancing educational quality and implementing digital strategies [22][23]. - Various regions, including Hubei and Guangdong, are distributing consumer vouchers to promote spending during the Spring Festival [24].