大消费行业周报（9月第3周）：9部门发布促服务消费政策-20250922

Investment Rating - The report does not explicitly state an investment rating for the industry, but it suggests focusing on quality leading companies within the service consumption sector due to favorable policy changes [2]. Core Insights - The consumer sector showed mixed performance in the week of September 8-12, with notable gains in social services, home appliances, and textiles, while food and beverage sectors experienced declines [2]. - A new policy from nine government departments aims to boost service consumption, particularly benefiting the cultural tourism, education, and sports sectors, with comprehensive measures to enhance consumer experience and attract new customers [2][14]. - Retail sales in August grew by 3.4% year-on-year, with significant increases in home appliances and furniture, indicating a recovery in consumer spending [2][16]. - The report emphasizes the importance of focusing on sectors like liquor, hotels, and dining, which are currently undervalued and positioned for growth [2]. Summary by Sections Market Weekly Review - The consumer sector's performance varied, with specific sectors like social services and home appliances showing positive growth, while food and beverage sectors faced declines [2][12]. - Key stocks that led gains included Qianwei Yangchu (+17.59%) and Hongchang Technology (+33.96%), while stocks like Jiahe Food (-10.14%) and Guoguang Chain (-17.53%) faced significant losses [12][13]. Industry News and Key Company Announcements - The Ministry of Culture and Tourism announced plans to enhance cultural and tourism consumption, including a three-year action plan to stimulate demand [14][15]. - The report highlights the introduction of a new subsidy program for childcare, aiming to improve consumer spending in related sectors [15]. - The People's Bank of China has implemented various financial support measures to boost service consumption, including a significant loan program targeting key sectors [16][19].