转自：新华社 半月谈记者 毛振华 最近，瓜子二手车交易平台基于2025年真实成交数据，发布了线上部分车型的保值率榜单。榜单显示，燃油车市场中，汉兰达、雅阁等经典车系的3年保值 率维持在65%以上，显示出成熟产品在二手市场中的长期稳定价值。与之形成对比的是，部分海外高端品牌的保值能力正在走弱，有的3年保值率已降至 40%左右。 中汽信息科技(天津)有限公司与懂车帝联合发布的《年轻用户二手车消费洞察报告》亦显示，二手车正在成为越来越多年轻人的第一辆车。报告指出，年轻 用户之所以选择购买二手车，首要动机是降低购车成本、减轻经济压力，占比达61%，显著高于其他因素；另外有47%的用户旨在规避新车贬值风险。这两 大动机共同表明，年轻用户购买二手车的决策整体呈现出审慎、务实的特点。 年轻用户在购买二手车时，最看重的价值点是车况可靠性和价格优势，占比分别为69%、63%。懂车帝二手车业务负责人赵志峰认为，价格竞争力是购车决 策的基础门槛，而车况可靠性则关系到长期的使用成本、安全保障及资产的最终残值，是规避潜在财务与体验风险的核心防线。在二手车交易信息高度不对 称的背景下，不可靠的车况往往意味着高昂且不可预见的维修费用、频繁 ...

提问1 吴若欣 迟倩楠 近年来，二手市场蓬勃发展，有人能在其中幸运"淘到宝"，收获物美价廉的好物；也有人不幸"踩坑"，遭遇货不对板的商 品。实际上，二手商品本身的非全新特质、使用损耗程度的不可预判性，加之交易双方存在信息壁垒，极易滋生买卖纠纷。 那么，在二手商品买卖中存在哪些套路？消费者该怎样保护自身权益呢？ 在二手平台上购物可否要求"退一赔三"？ 法官支招 在二手交易中，买方往往处于信息不对称的弱势地位，通常只能通过商品图片、视频展示的外观信息，以及与卖家的沟通内 容辨别商品真伪。为避免买到假冒伪劣商品，消费者应重点关注卖家的信用等级、实名认证信息、历史售后评价，以及销售 记录中商品的种类、交易频次、货源渠道等关键信息，综合评判卖家的可信度，减少"踩雷"的风险。同时，可通过第三方验 货平台对商品进行查验，以此强化对卖家履约行为的约束，维护自身合法权益。 案例： 付某花了4000多元钱通过二手购物平台从高某处购得一双运动鞋，高某自称是该品牌专职代购，并承诺所售商品为正品。付 某收货后发现，案涉运动鞋制作工艺粗糙、用料劣质，随即委托第三方鉴定机构进行鉴定，结果显示该鞋为假冒产品。付某 认为高某的行为已构成欺诈， ...

社会服务 2026 年 02 月 22 日 投资评级：看好（维持） 行业走势图 数据来源：聚源 -12% 0% 12% 24% 2025-02 2025-06 2025-10 社会服务 沪深300 相关研究报告 | 《Spotify2026Q1 指引乐观，海南高端 | | --- | | 酒 旅 消 费 势 头 强 劲 — 行 业 周 报 》 | | -2026.2.15 | | 《国产 AI 应用访问量攀升，关注卡位 | | 瘦 身 需 求 产 品 潜 力 — 行 业 周 报 》 | | -2026.2.1 | | 《锅圈开启"四店齐发"布局，茶饮 | | 龙头强者恒强 — 行业周报》 | | -2026.1.25 | 春节海南高端消费保持快增，iphone 17 Pro Max、黄 金等品类二手交易持续升温 ——行业周报 | 初敏（分析师） | 李睿娴（分析师） | 程婧雅（分析师） | | --- | --- | --- | | chumin@kysec.cn | liruixian@kysec.cn | chengjingya@kysec.cn | | 证书编号：S0790522080008 | 证书 ...

Core Viewpoint - The article emphasizes that despite the prevailing narrative of economic hardship, certain industries are thriving and generating significant profits, particularly in the context of Japan's "lost 30 years" and the evolving consumer behavior in China [3][4]. Group 1: Emerging Business Opportunities - The article identifies eight key industries that are experiencing growth, highlighting that a low-desire society does not equate to a lack of opportunities [4]. - The concept of consumption upgrading and demand migration is presented as the largest business opportunity [5]. Group 2: Second-Hand Economy - In the context of reduced spending on luxury goods, the second-hand economy is flourishing, with companies like "大黑屋" in Japan and "红布林" and "胖虎" in China seeing substantial revenue increases [6][7]. - The article notes that platforms like "闲鱼" and "转转" are experiencing significant user engagement and transaction volume growth [9][10]. Group 3: Pet Economy - The pet economy is highlighted as a growing sector, with young consumers spending on premium pet products despite having fewer children [12]. - Companies like "中宠" and various pet brands are witnessing strong sales growth, indicating a shift in consumer spending towards pet care [13][14][15]. Group 4: Adult Care Products - The adult diaper market in Japan has surpassed $10 billion, showcasing the potential of the aging population as a significant economic driver [18][19]. - The article suggests that aging should be viewed as an opportunity rather than a burden, contributing to a multi-trillion dollar "sunset economy" [19]. Group 5: Health Food and Beverages - The rise in health consciousness and demographic changes are driving demand for sugar-free beverages and functional foods, with brands like "东方树叶" and "简醇" gaining traction in China [21][22]. Group 6: Beauty and Aesthetics - The beauty industry continues to thrive, with products like collagen supplements and home beauty devices achieving significant sales, indicating a persistent consumer desire for beauty enhancements [23][24][26]. Group 7: Outdoor and Leisure Activities - The outdoor equipment market is growing, with brands like "凯乐石" and "骆驼" benefiting from increased consumer interest in outdoor activities [29][31]. - The article notes that even in economic downturns, consumers are willing to invest in experiences and leisure [32]. Group 8: Convenience and Time-Saving Products - The "lazy economy" is emerging, with increased demand for frozen foods and smart home appliances that save time, reflecting a shift in consumer priorities towards convenience [39][40]. - The article posits that in a low-desire economy, time-saving solutions may hold greater commercial value than cost-saving measures [42].

Core Insights - The article discusses how certain industries are thriving despite a general perception of economic downturn, highlighting eight key sectors that present significant business opportunities in a low-desire society [3][4]. Group 1: Key Industries - **Second-Hand Economy**: The second-hand luxury market in Japan, represented by companies like Daikokuya, has seen a surge in revenue. In China, platforms like Hongbulin and Panghu are experiencing similar growth, indicating a shift in consumer spending towards second-hand goods [6][7][8][9]. - **Pet Economy**: With declining birth rates, young people are spending more on pets, leading to significant growth in pet food and healthcare products. Companies like Inaba in Japan and Guobao in China are capitalizing on this trend [11][12][14][15]. - **Adult Care Products**: The adult diaper market in Japan has surpassed $10 billion, indicating a growing demand for adult care products in China, with companies like Kexin poised for growth [16][17][18]. - **Health Food and Beverages**: The rise in health consciousness has led to increased demand for sugar-free beverages and functional drinks, with brands like Dongfang Shuye and Jianchun gaining traction in China [21][22]. - **Beauty Economy**: The demand for beauty products, including collagen supplements and at-home beauty devices, is on the rise, with companies like Jinbo Bio and U like seeing significant sales growth [23][25]. - **Outdoor Recreation**: The outdoor equipment market is booming, with brands like Kailas and Camel experiencing rapid sales growth as consumers seek leisure activities [25][26][27]. - **Emotional Economy**: Products that provide emotional comfort, such as low-alcohol beverages and lifestyle brands, are gaining popularity, reflecting a dual consumer behavior of frugality and indulgence [28][29][30]. - **Convenience Economy**: The demand for convenience foods and smart home appliances is increasing as younger generations spend less time cooking. Brands like Anjijia and Kewotai are seeing steady growth [33][35][36]. Group 2: Market Trends - The article emphasizes that the current economic climate, often viewed as a "winter," presents opportunities for those willing to invest in counter-cyclical sectors [39]. - It suggests that the key to success in a low-desire society is to identify and capitalize on emerging trends and consumer needs, rather than retreating from the market [39].

Core Viewpoint - The article discusses the rising gold prices and the complexities involved in gold recycling, highlighting the importance of transparency and trust in the process of selling gold jewelry. Group 1: Gold Price and Market Sentiment - Gold prices have reached new highs, prompting individuals to consider selling old gold jewelry for cash [1] - There is a surge in advertisements for gold recycling, emphasizing high prices and quick cash transactions [4] Group 2: Consumer Experience in Gold Recycling - The initial experience at a branded gold store revealed a lack of clarity in the recycling process, with various deductions and fees that were not fully transparent [7][10] - A visit to a street-side recycling shop provided a quick quote but relied heavily on verbal assurances, raising concerns about trust and reliability [14][15] Group 3: Company Background and Trustworthiness - The company "Ai Huishou" (爱回收) is introduced as a reputable player in the recycling market, affiliated with a publicly listed company and recognized for its ESG performance [20] - Ai Huishou has a significant presence with over 2000 offline locations across 298 cities, indicating a robust operational framework [20] Group 4: Ai Huishou's Recycling Process - Ai Huishou employs a transparent process for gold recycling, including on-site weighing, spectral analysis for purity, and a clear breakdown of costs [24][26][28] - The company emphasizes a fair pricing model based on real-time market data from the Shanghai Gold Exchange, ensuring clarity in the pricing structure [32] Group 5: Recommendations for Consumers - Consumers are advised to conduct preliminary research on gold weight and market prices before selling [35] - It is recommended to choose face-to-face transactions for better transparency and understanding of the pricing process [36] - Consumers should prioritize receiving a detailed invoice and transaction record over merely seeking the highest price [37]

Core Insights - The article discusses how certain industries are thriving despite a general perception of economic downturn, highlighting eight key sectors that present significant business opportunities in a low-desire society [3][4]. Group 1: Key Industries - **Second-Hand Economy**: The second-hand luxury market in Japan, represented by companies like Daikokuya, has seen a surge in revenue. In China, platforms like Hongbulin and Panghu are experiencing similar growth, indicating a shift in consumer spending towards second-hand goods [6][7][8][9]. - **Pet Economy**: With a decline in birth rates, young consumers are increasingly spending on pets, leading to significant growth in pet food and healthcare products. Companies like Inaba in Japan and Guobao in China are capitalizing on this trend [12][13][15][16]. - **Adult Care Products**: The adult diaper market in Japan has surpassed $10 billion, showcasing the potential of the aging population as a lucrative market segment [17][18][19]. - **Health Food and Beverages**: Changing demographics and rising health awareness have led to the growth of sugar-free beverages and functional foods in both Japan and China, with brands like Suntory and Dongpeng gaining traction [21][22]. - **Beauty and Aesthetic Products**: The demand for beauty products, including collagen supplements and at-home beauty devices, remains strong, indicating that consumers prioritize personal care even in economic downturns [23][24][26]. - **Outdoor Recreation**: Companies in the outdoor equipment sector, such as Snow Peak in Japan and various Chinese brands, are benefiting from increased interest in outdoor activities as a form of stress relief [29][31][32]. - **Convenience Economy**: The rise of frozen foods and smart home appliances reflects a shift towards convenience, with brands like Anjijia and Kewell seeing steady growth as consumers seek time-saving solutions [39][40][42]. - **Lazy Economy**: The trend of reduced cooking time among younger generations has led to a preference for ready-to-eat meals and smart appliances that automate household tasks, indicating a shift in consumer priorities [39][40][42]. Group 2: Market Dynamics - The article emphasizes that even in a low-desire economy, there are significant opportunities for those willing to invest in counter-cyclical sectors. Companies that can identify and act on these opportunities are likely to emerge as winners [44].

Core Insights - The article emphasizes that despite the prevailing narrative of economic hardship, certain industries are thriving and generating substantial profits, particularly in the context of Japan's "lost 30 years" and its implications for various sectors [3]. Group 1: Economic Trends and Opportunities - The concept of a "low-desire society" does not equate to a lack of opportunities, as there are still significant business prospects available [4]. - The article identifies "consumption stratification" and "demand migration" as the largest commercial opportunities in the current market [5]. - As consumers shift away from purchasing homes and luxury goods, money is flowing into the second-hand economy, with notable growth in Japan's second-hand luxury market represented by companies like Daikokuya [6]. - In China, platforms like Hongbulin and Panghu are experiencing significant business growth in the second-hand market [7]. Group 2: Emerging Consumer Trends - The article highlights the rise of the pet economy, noting that while young people may not be having children, they are willing to spend on premium pet products [11]. - Companies like Inaba in Japan and Guobao (Zhongchong) in China are seeing strong stock performance due to the growing demand for pet food and related services [12]. - The adult care market is also expanding, with Japan's adult diaper market surpassing $10 billion, indicating a significant growth potential for similar products in China [16][18]. - Health-conscious food and beverage products are gaining traction, with brands like Suntory and Meiji seeing substantial growth due to changing population demographics and rising health awareness [21]. Group 3: Lifestyle and Emotional Spending - The "beauty economy" is thriving, with products like collagen supplements and home beauty devices achieving significant sales, indicating that consumers prioritize beauty even in challenging economic times [23]. - Outdoor leisure activities are becoming popular, with brands like Snow Peak in Japan and various Chinese outdoor brands experiencing rapid sales growth [25][26]. - The emotional economy is also on the rise, with brands like Labubu and Rio catering to consumers' desires for emotional fulfillment and experiences [28][29]. - The "lazy economy" reflects a trend where younger generations prefer convenience, leading to increased demand for frozen foods and smart home appliances that save time [33][35]. Group 4: Market Resilience and Strategic Insights - The article argues that the current economic climate, often perceived as a "winter," presents opportunities for those willing to invest in counter-cyclical sectors [39]. - Companies that can identify and capitalize on these emerging trends are likely to emerge as winners in the low-desire era, as time-saving solutions may hold more commercial value than cost-saving measures [36].

Core Viewpoint - The article emphasizes that despite the prevailing narrative of economic hardship, certain industries are thriving and generating substantial profits, particularly in the context of Japan's "lost 30 years" and the evolving consumer behavior in China [3][4]. Group 1: Economic Shifts and Opportunities - The concept of a "low-desire society" does not equate to a lack of opportunities, as consumer demand is shifting towards different sectors [4]. - The article identifies eight key industries that are capitalizing on changing consumer preferences, highlighting that demand migration presents significant business opportunities [5]. Group 2: Key Industries - **Second-Hand Economy**: The second-hand luxury market in Japan, exemplified by companies like Daikokuya, has seen a dramatic revenue increase. In China, platforms like Hongbulin and Panghu are experiencing similar growth [6][7][8]. - **Pet Economy**: With declining birth rates, spending on pets is rising. Companies like Inaba in Japan and Guobao in China are benefiting from this trend, with various pet brands seeing continuous sales growth [12][13][14][15][16]. - **Adult Care**: The adult diaper market in Japan has surpassed $10 billion, indicating that aging populations can create substantial economic opportunities rather than being a burden [17][18][19]. - **Health Food and Beverages**: Changes in population structure and rising health awareness have led to the growth of sugar-free beverages and functional foods in both Japan and China [21][22]. - **Beauty Economy**: The demand for beauty products, such as collagen supplements and at-home beauty devices, remains strong, indicating that consumers prioritize personal care even in economic downturns [23][24][25][26]. - **Outdoor Recreation**: Companies in the outdoor equipment sector, like Snow Peak in Japan, are thriving as consumers seek leisure activities despite economic constraints [29][30][31]. - **Convenience Economy**: The rise of frozen foods and smart home appliances reflects a shift towards convenience, with brands like Anjijia and Kewotai seeing steady growth [39][40][42]. - **Lazy Economy**: The trend of reduced cooking time among younger generations has led to increased demand for time-saving products, suggesting that time-saving solutions may hold more commercial value than cost-saving ones in a low-desire economy [39][42]. Group 3: Market Sentiment - The article argues against the notion that the current market is in a "cold winter," suggesting that the true winners in a low-desire era are those who can identify and invest in counter-cyclical opportunities [44].

Core Insights - The article discusses how certain industries are thriving despite a general perception of economic downturn, highlighting eight key sectors that present significant business opportunities in a low-desire society [3][4]. Group 1: Key Industries - **Second-Hand Economy**: The second-hand luxury market in Japan, represented by companies like Daikokuya, has seen a surge in revenue. In China, platforms like Hongbulin and Panghu are experiencing similar growth, indicating a shift in consumer spending towards second-hand goods [6][7][8][9]. - **Pet Economy**: With declining birth rates, young people are spending more on pets, leading to significant growth in pet food and healthcare products. Companies like Inaba in Japan and Guobao in China are capitalizing on this trend [11][12][14][15]. - **Adult Care Products**: The adult diaper market in Japan has surpassed $10 billion, indicating a growing demand for adult care products in China, with companies like Kexin showing potential for growth [16][17][18]. - **Health Food and Beverages**: The rise in health consciousness has led to increased demand for sugar-free beverages and functional drinks. Brands like Dongfang Shuye and Jianchun are gaining traction in this sector [21][22]. - **Beauty Economy**: The demand for beauty products, including collagen supplements and at-home beauty devices, is on the rise. Companies like Jinbo Biological are seeing significant market value growth [23][25]. - **Outdoor and Leisure Products**: The outdoor equipment market is thriving, with brands like Kailas and Camel experiencing rapid sales growth, as consumers seek leisure activities despite economic constraints [25][26][27]. - **Emotional Economy**: Brands like Labubu and Rio are tapping into the emotional needs of consumers, providing products that offer comfort and joy, even in a tight economic climate [28][29][30]. - **Convenience Economy**: The demand for convenience products, such as frozen foods and smart home appliances, is increasing as younger generations spend less time cooking. Companies like Anjijia and Kewot are benefiting from this trend [33][35][36]. Group 2: Market Trends - The article emphasizes that the current economic climate, often viewed as a "winter," presents opportunities for those willing to invest in counter-cyclical sectors. The key to success lies in recognizing and seizing these opportunities [39].