近日，国际权威指数机构摩根士丹利资本国际公司（MSCI）公布最新2025年度环境、社会及管治 （ESG）评级结果。特步跃升MSCI ESG AA级，成为首家荣获AA级的中国体育用品企业。据悉，在本 次评级中，特步在碳足迹管理、供应链劳工管理、化学品安全、劳工管理及公司治理五大评级议题的分 数大幅提升，充分体现了国际市场对特步在ESG管理方面的认可，也顺应了功能性产品与消费者价值观 深度融合的消费趋势。 碳足迹管理方面，在特步发布的2024年度ESG报告中，首次披露范围3碳排放数据。这也是特步第9年发 布ESG报告。这一关键数据的公布，展现出特步对供应链碳排放的深度洞察与积极应对，凸显其全价值 链绿色转型的坚定决心。特步通过对范围三排放的梳理，能更精准定位减排重点环节，制定针对性策 略，引领上下游合作伙伴协同减碳，加速实现 "2030年自营排放减碳42%、2050年实现碳中和" 的双碳 目标。同时，新增两家工厂投入使用光伏，2024年光伏使用量较2023年增加95%。 Run to Green环保展。 MSCI是全球领先的投资决策支持工具和服务提供商，也是全球最权威的ESG指数评级机构之一。公开 资料显示，特步 ...

01 冷门项目崛起：观众与参与者的新热度 成都世运会的最大意外，是让人看见大型赛事可以如此"接地气"，如此鲜活。 这份鲜活，来自于运动员本身。世运会的赛场上，有不少人并非职业选手，而是把体育与日常工作并行的"兼职运动员"。他们白天可能是教师、工程师、 公司职员，到了赛场上则换上运动服，与世界各地的对手同场竞技。这样的身份切换，让比赛氛围少了几分紧绷，多了几分生活气息。 也来自接地气的赛道环境——比如定向越野项目，被称为苞谷地里的"国际赛事"。赛场地设在龙泉山高塔村的乡村田野，选手需穿梭于玉米地之间。这 种"赛事进村"的原生态场景，被网友戏称为"世运会真正开到了家门口"。更有趣的是，颁奖台直接搭建在村民家旁的空地上，背景是川西民居与农田，相 映成趣。 时光匆匆，火炬余温尚存，成都世运会已来到尾声。 世运会不像奥运会那样庄严宏大，却意外收获了别样的"烟火气"：玉米地里搭赛道，村口的空地上支起颁奖台；没有传统的夺金期待，每一个项目都像是 第一次与公众见面。世运会让人们发现，体育原来可以以这样的方式存在，带着一种久违的新鲜感。 成都世运会没有金牌榜的焦灼，却让冷门运动成为品牌的新赛道。10天里，飞盘高尔夫、荷球、壁球 ...

Core Viewpoint - Xtep International Holdings Limited has launched its new generation of championship running shoes, the Xtep 160X 7, emphasizing technological advancements and responding to runners' expectations, aiming to lead industry innovation [1][4]. Product Innovation - The Xtep 160X 7 series showcases significant upgrades in product performance and technology, with a total research investment exceeding 2 billion yuan and over 2,600 patents acquired by 2025 [2]. - Four major champion technology platforms were introduced: XTEP FIT, XTEP DURA, XTEP ACE+, and XTEP POWER, designed to enhance runners' performance [2]. - XTEP FIT technology utilizes a database of over 300,000 foot shapes to provide a comfortable experience tailored to Chinese runners [2]. - XTEP DURA technology employs marathon-grade CPU materials and AI for precise outsole design, achieving a balance of durability, slip resistance, and lightweight [2]. - The XTEP POWER technology matrix incorporates innovative materials like PI fiber and basalt fiber to enhance speed [2]. Product Features - The Xtep 160X 7.0 PRO features a one-piece lightweight upper design, improving elasticity, fit, breathability, and quick-drying capabilities [3]. - The outsole's slip resistance has improved by 38.5% due to XTEP DURA technology, while the propulsion of the new "golden carbon plate" GT700 has increased by 8% compared to the previous generation [3]. - The midsole utilizes upgraded XTEP ACE+ technology with a dual-density design for optimal comfort and support over long distances [3]. - The new "Qingyun Matrix" cushioning running shoes cater to various runner demographics, including casual and heavier runners [3]. Market Positioning - Xtep aims to connect professional racing with mass running, creating a comprehensive running ecosystem that benefits all runners [4]. - The brand has achieved a leading position in the wearing rates of running shoes among top marathon competitors in China, reflecting its strength in the professional sports sector [6]. - Over the past five years, Xtep has invested 15 million yuan in cash and equipment to support athletes, resulting in 507 championships for 107 athletes [6]. - Xtep's dual-track model of "professional leadership + mass promotion" aligns with national sports strategies, fostering a culture of running among the public [6].

Core Viewpoint - The 2025 iFlytek AI Developer Competition, in collaboration with the national sports brand Xtep, introduces the "Brain Power Sports Competition" to enhance both mental and physical capabilities through daily challenges from August 13 to August 31 [1][3][19]. Group 1: Competition Details - Participants can unlock a daily challenge by logging into the iFlytek AI Developer Competition website during the competition period [3]. - The competition features five randomly selected questions covering seven major AI application scenarios, including AI in agriculture, healthcare, entertainment, education, smart hardware, enterprise services, and special image recognition [4]. - Correctly answering three questions allows participants to enter a prize draw, with additional exclusive questions provided by Xtep as the equipment sponsor [4][9]. Group 2: Prizes and Incentives - The top 100 active developers have the chance to win a grand prize, the "Holographic Projection Smart Speaker," enhancing both technological appeal and practicality [9]. - Participants who register for specific competition topics can gain an extra chance to win in the prize draw, increasing their winning odds [9]. Group 3: Broader Competition Context - The 2025 iFlytek AI Developer Competition also includes a main competition that emphasizes "technology at the top, application on the ground," providing a platform for developers to showcase their skills [11]. - The competition has attracted 2,054 student teams from 540 universities across 17 countries, showcasing innovative projects that bridge imagination and reality [13]. - The algorithm competition focuses on cutting-edge topics in six areas, including large model technology, computer vision, natural language processing, speech technology, data mining, and multimodal technology [14]. Group 4: Industry Collaboration - The collaboration between iFlytek and Xtep aims to not only stimulate mental activity but also promote physical health, emphasizing the importance of a healthy body and an active mind for innovation [19][20]. - Since 2018, iFlytek has hosted eight AI developer competitions, supporting over 170,000 developer teams from concept to implementation [18].

港股体育用品股普遍上涨，其中，安踏、李宁均上涨超3%，特步国际涨近2%，裕元集团、361度、滔 搏皆有涨幅。 | 代码 | 名称 | 最新价 | 涨跌幅 √ | | --- | --- | --- | --- | | 02020 | 安踏体育 | 93.050 | 3.39% | | 02331 | 李宁 | 17.560 | 3.29% | | 01368 | 特步国际 | 5.730 | 1.78% | | 02368 | 鹰美 | 4.050 | 1.25% | | 00551 | 裕元集团 | 13.360 | 0.60% | | 01361 | 361度 | 5.800 | 0.69% | | 06110 | 溜搏 | 3.140 | 0.32% | 消息上，里昂发表研究报告指，留意到内地运动服饰品牌持续扩大市占率，上半年销售按年增长 4.2%，优于服装及配饰行业的3.1%增幅。该行首选安踏，将2025至27年销售额预测轻微上调2%，净利 润预测上调1%，目标价由114港元上调至116港元，予"跑赢大市"评级。至于李宁，该行维持"持有"评 级，目标价16港元。同时，该行将特步目标价由5.9港元上调至 ...

中信里昂发布研报称，预期中国运动服饰市场占有率将持续增长，上半年销售额年增4.2%，而运动休 闲服饰(AT&A)年增3.1%。但这仍低于整体消费品销售额年增5%的水平，这亦解释了市场对该行业的温 和情绪。 报告表示，安踏体育(02020)是主要的市场份额获得者，该行预计，国内品牌的销售额和盈利能力将超 国际运动零售商。同时，第三季基数应该会更加稳健，故该行预计品牌零售额在第二季放缓后将季比改 善。然而，折扣压力依然存在。 该行小幅调高了首选股安踏体育的盈测，并将目标价上调至116港元。同时维持李宁(02331)"持有"评 级，等待更多基本面因素的推动。该行另下调特步国际(01368)的盈测，但基于展期和外汇因素，将目 标价上调至6.3港元，并维持"跑赢大市"评级，因风险回报完整无缺。 ...

该行小幅调高了首选股安踏体育的盈测，并将目标价上调至116港元。同时维持李宁(02331)"持有"评 级，等待更多基本面因素的推动。该行另下调特步国际(01368)的盈测，但基于展期和外汇因素，将目 标价上调至6.3港元，并维持"跑赢大市"评级，因风险回报完整无缺。 报告表示，安踏体育(02020)是主要的市场份额获得者，该行预计，国内品牌的销售额和盈利能力将超 国际运动零售商。同时，第三季基数应该会更加稳健，故该行预计品牌零售额在第二季放缓后将季比改 善。然而，折扣压力依然存在。 智通财经APP获悉，中信里昂发布研报称，预期中国运动服饰市场占有率将持续增长，上半年销售额年 增4.2%，而运动休闲服饰(AT&A)年增3.1%。但这仍低于整体消费品销售额年增5%的水平，这亦解释了 市场对该行业的温和情绪。 ...

公募基金二季报本周进入密集披露期，部分头部基金及知名基金经理的调仓动向也备受市场关注。 综合来看，各家基金在二季度保持了高仓位运作，新能源产业链、医药消费等成为关注重点。 此外，睿远基金傅鹏博管理的基金则对光伏行业板块个股更为关注。综合季报，通威股份、迈为股 份等新晋十大重仓股，大族激光、先导智能等退出前十大重仓股序列；由傅鹏博、朱璘管理的睿远成长 价值混合基金前十大重仓股为三安光电、中国移动、立讯精密、东方雨虹、万华化学、通威股份、吉利 汽车、沃森生物、迈为股份、国瓷材料。相比一季度，该基金新进持仓了通威股份、吉利汽车、迈为股 份，而先导智能、大族激光、卫宁健康则被调出十大重仓股序列；广发基金刘格菘持仓结构没有出现大 幅调整。其前十大重仓股当中，亿纬锂能、龙佰集团的持仓量不变，国联股份、福莱特分别新晋成为第 七大重仓股和第九大重仓股。另外，晶澳科技、隆基绿能、锦浪科技等多只个股持股数量均较一季度末 有所增长。 Wind数据显示，截至7月20日记者发稿时，已经有多家基金公司旗下1338只股票型开放式基金（未 合并A/C）发布了二季度报告，其中不乏头部基金公司和张坤、刘格菘、傅鹏博、李晓星等知名基金经 理。易方 ...

《中国青少年运动长高蓝皮书》发布仪式《蓝皮书》填补了国内青少年运动长高领域的理论空白 在"健康中国2030"纲要的指引下，青少年健康成长已成为国家及社会关注的焦点。《蓝皮书》汇聚国家卫健委妇幼健康中心、北京大学第三医院运动医学研 究所、中国儿童中心儿童营养与健康研究中心、中国解放军陆军总医院附属八一儿童医院、北京大学体教融合研究院、全国职工健康促进工程、上海体育大 学运动健康学院、清华大学体育与健康科学研究中心等八大机构智库专家力量，通过梳理国内外文献和调研全国2000组3到15岁青少年家庭，深入剖析家 长"身高焦虑"根源以及运动与运动装备的核心需求，创新性构建"运动助力长高"理论体系，涵盖运动强度、装备适配、营养睡眠协同等维度，填补了国内青 少年运动长高领域的理论空白。 04:20 8月10日，《中国青少年运动长高蓝皮书》在北京发布。作为响应"健康中国2030"规划，学术界、产业界与公共服务平台协同推进的典范成果，《蓝皮书》 由中国商业股份制企业经济联合会、中社社会工作发展基金会携手八大机构提供智库支持共同发起，央视市场研究（CTR）担任主笔单位，中央党校出版集 团国家行政学院出版社同步出版。 该成果汇聚医 ...

Core Viewpoint - The report from Credit Lyonnais highlights Anta Sports (02020) as the top pick in the sportswear sector, with slight upward adjustments to sales and net profit forecasts for 2025-2027, and an increase in target price from HKD 114 to HKD 116, maintaining an "outperform" rating [1] Company Summary - Anta Sports is identified as the largest market share winner in the domestic sportswear market, with expectations that domestic brands will surpass international sports retailers in revenue and profitability [1] - The sales forecast for Anta Sports has been slightly increased by 2%, while net profit forecasts have been raised by 1% for the years 2025-2027 [1] Industry Summary - The report notes that domestic sportswear brands are continuing to expand their market share, with a year-on-year sales growth of 4.2% in the first half of the year, outperforming the apparel and accessories sector's growth of 3.1%, but still lagging behind the overall consumer goods growth of 5% [1] - The third quarter is expected to show improved retail sales on a quarterly basis due to a lower base, although discount pressures remain a concern [1] - Xtep International (01368) has seen a downward adjustment in sales forecasts by 1% to 2% and profit forecasts reduced by 3% to 5% for 2025-2027, but its target price has been raised from HKD 5.9 to HKD 6.3, maintaining an "outperform" rating based on risk-reward ratio [1]