Zhongjin: Signs of stabilization and bottoming out are appearing in the social service industry.

A Zhongjin Research report pointed out that by 2025, after experiencing widespread price pressure and same-store sales decline for 24 years, the social service industry is showing signs of stabilization and bottoming out. Looking ahead to 2026, on one hand, it is optimistic about sub-sectors such as hotels and duty-free shops that show signs of stabilization and rebound, may usher in turning points and reversals. On the other hand, it continues to be optimistic about comprehensive leading companies with strong internal growth momentum and highly growth-oriented segmented leading companies.