传媒互联网产业行业研究：逐步回归平静

国金证券

2025/11/30

（以下内容从国金证券《传媒互联网产业行业研究：逐步回归平静》研报附件原文摘录）本周观点逐步回归平静：教育：景气略有承压，国内中小机构供给增加，竞争边际加剧，龙头阿尔法能力逐渐趋稳。据教育部，2026届全国普通高校毕业生规模预计同比增加48万人至1270万人，2026年全国硕士研究生考试报名人数同比下降45万至343万。奢侈品与博彩：受益于财富效应，内地高端消费景气有所回暖。据太阳报，全球最大眼镜...

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