Investment Rating - The industry maintains a "Recommended" rating, focusing on new consumption sectors such as beauty care, IP derivatives, and gold jewelry [5][27]. Core Insights - The report highlights a significant increase in retail performance, with major sectors like retail, social services, and beauty care showing positive growth rates of +3.45%, +3.92%, and +0.50% respectively during the week of November 24-28, 2025 [14][22]. - The implementation plan by six departments aims to enhance the adaptability of supply and demand in consumer goods, targeting the formation of three trillion-level consumption fields and ten hundred-billion-level consumption hotspots by 2027 [3][22]. - Key companies such as Chow Tai Fook and Luk Fook have reported impressive same-store sales growth, with Chow Tai Fook's same-store sales in mainland China increasing by 38.8% from October 1 to November 18, 2025 [4][22]. Summary by Sections Market Performance - The report indicates that the retail, social services, and beauty care sectors ranked 9th, 6th, and 26th among 31 primary industries, with the Shanghai Composite Index rising by 1.40% and the Shenzhen Component Index by 3.56% during the same period [14][18]. Key Industry Events and Information - The report discusses various industry developments, including the registration of a new medical device by Jinbo Bio in the Philippines and the performance of travel company Tongcheng Travel, which reported a revenue of 5.509 billion yuan in Q3 2025, up 10.4% year-on-year [3][22]. - The release of "Zootopia 2" on November 26, 2025, achieved a record box office of 228 million yuan on its first day, indicating strong demand for related merchandise [3][22]. Investment Recommendations - The report recommends focusing on companies such as Shangmei Co., Ltd., Juzhi Bio, Marubi Biotechnology, Runben Co., Ltd., Proya, Chao Hong Ji, and Furuida, which are positioned well within the beauty care and new consumption sectors [5][27].