社会服务行业双周报：促服务消费政策持续加码，携程智能引擎3.0AI优化产品推荐-20260112

Investment Rating - The report maintains an "Outperform" rating for the social services sector, indicating expected performance above the market index by over 10% [4][31]. Core Insights - The report highlights the continuous enhancement of service consumption policies, which injects new vitality into the industry. Key measures include the emphasis on releasing service consumption potential and improving trade and investment facilitation in Hainan Free Trade Port [2][18][19]. - The consumer services sector saw a rise of 3.15% during the reporting period, outperforming the market by 0.96 percentage points [13][14]. - Companies such as Ctrip have leveraged AI technology to enhance product recommendation efficiency by over 8%, indicating a significant shift towards intelligent service delivery in the industry [23]. Summary by Sections Sector Review - The consumer services sector outperformed the market with a 3.15% increase from December 29, 2025, to January 11, 2026, ranking 16th among 30 industry indices [13][14]. - Notable stock performances included Tianli International Holdings (+19.92%) and Renrui Talent (+12.56%) [14]. Industry and Company Dynamics - Recent policies aimed at boosting service consumption include initiatives from the National Business Work Conference and Shanghai's 16 measures to stimulate consumption [2][18][19]. - The Sanya International Duty-Free City Phase III project has been capped, with a total investment of 7 billion CNY, expected to enhance the region's tourism and retail landscape [21]. - Ctrip's "Smart Engine 3.0" has significantly improved product recommendation efficiency, showcasing the impact of AI on operational effectiveness [23]. Stock Holdings Analysis - Core stocks in the Hong Kong market saw changes in holdings, with increases for companies like Mixue Group (+1.01%) and China Oriental Education (+0.81%) [30]. Investment Recommendations - The report suggests a focus on companies such as China Duty Free Group, Huatu Shanding, and Ctrip Group, among others, for potential investment opportunities [4][31].