National Parental Subsidy Program Announced, Performance of Third Child Concept Stocks Expected to Rise

On July 28, the National Parenting Allowance System Implementation Plan was announced. Starting from January 1, 2025, regardless of whether it is the first child, second child, or third child, families can receive an annual allowance of 3600 yuan until the child reaches 3 years old. Huaxi Securities believes that in the future, local parenting allowance policies are expected to continue to be introduced under the guidance of national subsidies. In the short term, parenting allowances directly reduce family fertility costs, boost fertility willingness, and benefit the lower-tier markets more. This is good news for maternity and baby products, postpartum care centers; in the long term, supporting policies such as childcare and education will be needed, which bodes well for early childhood education and youth training institutions. Securities Times Data Treasure has sorted out a total of 11 third-child concept stocks that have released performance forecasts for the first half of the year by July 28. Among them, Langzi shares, Zhongshun Jierou, Children's King, Miaokelando, and Jia Biyou are expected to achieve profits in the first half of the year, with their respective net profit attributable to the mother ranging from 1.07 billion to 2.4 billion yuan.