最新定期报告显示，港股消费ETF银华（159735）重仓股包括泡泡玛特、百胜中国、安踏体育、农夫山 泉、万洲国际、海尔智家、申洲国际、美的集团、李宁、蒙牛乳业，持仓占比如下。 股票代码股票名称持仓占比持仓股数（股）持仓市值（元）09992泡泡玛特10.42%44.64万7568.02万 09987百胜中国9.09%19.83万6601.94万02020安踏体育7.76%77.46万5635.55万09633农夫山泉6.50%111.58 万4720.60万00288万洲国际5.37%497.60万3896.66万06690海尔智家4.78%158.18万3468.92万02313申洲国 际3.80%49.97万2762.19万00300美的集团3.80%35.99万2761.46万02331李宁3.33%143.20万2414.80万 02319蒙牛乳业3.20%172.50万2323.06万 声明：市场有风险，投资需谨慎。本文基于第三方数据库自动发布，不代表新浪财经观点，任何在本文 出现的信息均只作为参考，不构成个人投资建议。如有出入请以实际公告为准。如有疑问，请联系 biz@staff.sina.com. ...

细数 2026 冬奥会多家运动品牌赞助亮点 [Table_Industry] 纺织服装业 | [姓名table_Authors] | 电话 | 邮箱 | 登记编号 | [Table_Invest] 评级： | 增持 | | --- | --- | --- | --- | --- | --- | | 盛开(分析师) | 021-23154510 | shengkai@gtht.com | S0880525040044 | | | | 钟启辉(研究助理) | 021-23185686 | zhongqihui@gtht.com | S0880125042254 | | | 本报告导读： 我们详细梳理了 2026 冬奥会各运动品牌赞助亮点，发现从 2022 年到 2026 年，冬奥 品牌在赞助范围、设计理念、技术展现等方面实现了全方位升级。 投资要点： [Table_Report] 相关报告 纺织服装业《优质消费布局正当时》2026.02.08 纺织服装业《Coach 品牌势能全面爆发，中国市 场强势领跑，上调全年指引》2026.02.07 纺织服装业《FY26Q3 HOKA 重回高双增速，上 调全年业绩指引》20 ...

公司借助奥运营销，在产品、渠道端不断出新，有望实现品牌势能和业绩持续向上 产品端，通过四大维度科技平台，不断加强专业科技属性，在核心品类打造IP爆品+完善产品矩阵。渠 道端，积极探索新业态，推出户外店、龙店，看好品类店未来成长空间。营销端，坚持单品牌、多品 类、多渠道策略，通过顶级赛事赞助+流量代言人+奥运营销，加大营销投入，有望持续提升品牌力。 坚持单品牌、多品类的头部国产运动品牌 李宁由体操王子李宁先生创立于1990年，2004年上市，是国内头部体育品牌。公司采取"单品牌、多品 类、多渠道"的发展策略，聚焦跑步、篮球、综训、羽毛球、乒乓球和运动休闲六大核心品类，围绕产 品体验、运动体验和购买体验创造"李宁式体验价值"。根据财报，2024年，公司实现营收/净利润分别 286.76/30.13亿元，核心品牌门店/儿童门店分别6117/1468家。分渠道，经销/直营/加盟/其他地区收入占 比分别为45.1%/24.0%/29.0%/1.9%；分品类，鞋类/服装/器材及配件收入占比分别为 49.9%/42.0%/8.1%。 智通财经APP获悉，广发证券发布研报称，预计李宁(02331) 2025-2027年归母净 ...

全球运动品牌，都在奔向中国。 随着材料技术壁垒逐渐削平，战场变成了开阔的平地。中国市场竞争比欧美更激烈，六百元以下的入门 级运动装备市场已经成为红海，现在战火正在燃烧到更高阶的市场。 近期，第一财经记者采访了数位业内人士。他们认为，中国全民运动方兴未艾，为全球运动品牌带来机 会，但不是所有人都能笑到最后。这些正在大展拳脚的品牌，注定会有人出局，而且前车之鉴不远。 奔向中国 耐克旗下ACG（全天候装备）将全球首家品牌门店开在了北京三里屯。 ACG是耐克的户外运动品类业务线。它所在的三里屯门店，是由一家耐克旗舰店改造而来。 2026.02.23 本文字数：3713，阅读时长大约6分钟 作者 |第一财经 彭海斌 最近两年，耐克在大中华区市场承压。根据耐克最新披露的财报，在2026财年第二季度(2025年9-11 月)，大中华区收入同比下挫17%至14.23亿美元。 今年1月份，耐克大中华区董事长兼CEO董炜卸任，Cathy Sparks成为耐克大中华区副总裁兼总经理。耐 克在中国经历变革，希望ACG能够搭上中国户外运动的热潮，借此恢复公司在中国市场的活力。 第一财经获悉，ACG三里屯门店由耐克直营。滔搏作为耐克在国 ...

一、背景 儿童皮肤娇嫩、抵抗力较弱，对衣物的安全性和舒适性要求远高于成人。儿童羽绒服作为冬季核心保暖衣物，其填充物品质、面料安全性、气味等直接关 系儿童身体健康与穿着体验。近年来，儿童羽绒服市场规模持续扩大，产品覆盖不同年龄段、设计风格及价格区间，但市场繁荣背后是否存在质量安全隐 患？消费者应该如何选择？为全面掌握当前儿童羽绒服质量状况，向消费者提供客观真实的产品信息，指导科学选购，中国消费者协会开展了30款儿童羽 绒服比较试验工作。 本次比较试验委托远东正大检验集团有限公司完成样品检测，检测结果仅对样品负责。 二、样品情况 1.样品来源：30款样品由中消协工作人员以普通消费者身份在线下实体店和线上电商平台上随机购买，分别购自北京西单大悦城、京东、天猫、小红书、 拼多多、唯品会和抖音商城直播间。 2.价格分布：30款样品的销售价格区间分布如下：300元以下的8款，300-500元的17款，500-800元的4款，5000元以上的1款。 3.品牌范围：包括NIKE、年衣、高梵、mette kids、英氏YeeHoO、波司登、齐齐熊®、balabala、李宁YOUNG、PAW IN PAW、CANADA GOOS ...

当地时间2月6日至2月22日，第二十五届冬季奥林匹克运动会(以下简称"冬奥会")在意大利米兰举行。 本届冬奥会是我国冬奥会境外参赛项目最多、运动员规模最大的一届。 赛场上是竞技的巅峰对决，赛场边是运动品牌"无声的商战"。从品牌赞助、装备支持到技术竞赛、代言 合作，冬奥会已成为运动品牌全球化竞逐的重要赛场。 其中，安踏集团旗下各品牌为中国国家队13支队伍提供装备支持。FILA支持中国自由式滑雪空中技巧 国家队，还为意大利、荷兰、挪威、加拿大、中国香港等12支代表队提供专业装备，覆盖速度滑冰、短 道速滑、花样滑冰、冰壶、冰球等多个冰上核心项目；迪桑特为中国国家单板滑雪U型场地队和高山滑 雪队提供装备支持；始祖鸟赞助菲律宾代表团开幕式制服；萨洛蒙则为米兰奥组委合作伙伴，为冬奥会 组委会工作人员及其志愿者、火炬手等提供鞋服及装备支持。 另外，安踏品牌为希腊体育代表团提供全套领奖装备与生活装备，产品覆盖室内外领奖服、软壳套装、 羽绒服、鞋履及配件等。同时，作为新加坡体育代表团官方冬季运动装备赞助商，安踏也为新加坡体育 代表团提供专业装备支持，助力其扩大在东南亚市场的知名度。 李宁作为中国奥委会官方合作伙伴，为中国体育代 ...

Core Viewpoint - The Hong Kong Consumption ETF (159735) has shown positive growth in both share count and fund size since the beginning of the year, indicating increased investor interest and market activity [1][2]. Group 1: Fund Performance - As of February 12, 2023, the Hong Kong Consumption ETF has a total share count of 1.09 billion and a total size of 941 million yuan [1]. - The fund's share count has increased by 18.49% and its size has grown by 29.67% since December 31, 2022, when the share count was 920 million and the size was 726 million yuan [1]. Group 2: Trading Activity - The cumulative trading amount for the Hong Kong Consumption ETF over the last 20 trading days is 1.973 billion yuan, with an average daily trading amount of 98.67 million yuan [1]. - In the year to date, the cumulative trading amount over 30 trading days is 2.655 billion yuan, with an average daily trading amount of 88.51 million yuan [1]. Group 3: Fund Management - The current fund manager of the Hong Kong Consumption ETF is Li Yixuan, who has managed the fund since its inception on May 25, 2021, with a return of -12.98% during the management period [2]. - The fund's top holdings include Pop Mart, Yum China, Anta Sports, Nongfu Spring, WH Group, Haier Smart Home, Shenzhou International, Midea Group, Li Ning, and Mengniu Dairy, with varying ownership percentages [2].

Market Overview - The textile and apparel sector in A-shares has outperformed the broader market since February, with the textile manufacturing segment rising by 3.6% compared to a 2.0% increase in brand apparel [11] - The Hong Kong textile and apparel index has increased by 4.4% since February, also outperforming the market [11] - Notable companies with significant stock price increases include Under Armour (14.9%), Amer Sports (9.7%), and Jiangnan Buyi (9.6%) [11] Brand Apparel Insights - In December, the year-on-year growth of clothing retail sales was 0.6%, with a slowdown in growth compared to previous months [5] - January saw a 32.5% decline in operating income for sports retailer BaoSheng International, indicating pressure on overall clothing retail [5] - E-commerce sales rebounded in January, driven by promotional activities and pre-Spring Festival purchasing [5] - Outdoor apparel categories showed strong growth, with year-on-year increases of 17% for outdoor clothing and 5% for sports apparel [5] - Leading brands in growth include Lululemon (47%), Descente (29%), and Adidas (16%) in the sports apparel segment [5] Textile Manufacturing Insights - Vietnam's textile exports increased by 8.3% year-on-year in January, while footwear exports rose by 7.8% [5] - The macroeconomic environment shows mixed signals, with PMI in Indonesia and India rising, while Vietnam's PMI decreased slightly but remains above 50 [5] - Wool prices have increased by 15.3% since the beginning of the year, with a year-on-year increase of 54.9% as of February 5 [5] - Taiwanese companies are experiencing short-term revenue pressure but show optimistic growth prospects, particularly with the upcoming 2026 World Cup driving demand for football-related products [5] Company Performance Forecasts - Several companies in the textile and apparel sector, including Bailong Dongfang and Tianhong International, are expected to see net profit growth of over 40% [2] - Key drivers for profit growth include increased order volumes, improved capacity utilization, and lower raw material costs [2] - Le Xin Outdoor, a leading global fishing gear manufacturer, is projected to maintain a 23.1% market share in 2024 [2] Investment Recommendations - The report suggests focusing on brands that are likely to benefit from the Spring Festival sales surge and the performance elasticity of upstream suppliers [5] - High-end consumer recovery is anticipated, particularly in the light luxury sports and outdoor segments [5] - Companies such as Anta Sports, Li Ning, and Xtep International are recommended for their strong positioning in the market [5] - The report highlights the importance of the upcoming 2026 World Cup in driving orders for sports apparel and footwear [5]

Market Overview - The textile and apparel sector in A-shares has outperformed the broader market since February, with the textile manufacturing index rising by 3.6% and the brand apparel index by 2.0% [11] - The Hong Kong textile and apparel index has increased by 4.4% since February, also outperforming the market [11] - Notable companies with significant stock price increases include Under Armour (14.9%), Amer Sports (9.7%), and Jiangnan Buyi (9.6%) [11] Brand Apparel Insights - In December, the year-on-year growth of clothing retail sales was 0.6%, with a slowdown in growth compared to previous months [5] - January saw a 32.5% decline in operating income for sports retailer BaoSheng International, attributed to the timing of the Spring Festival [5] - E-commerce sales in January rebounded, driven by promotional activities and pre-holiday purchases, with outdoor apparel leading growth at 17% year-on-year [5] - Key brands showing strong growth in the sports apparel category include Lululemon (47%), Descente (29%), and Adidas (16%) [5] Textile Manufacturing Insights - Vietnam's textile exports increased by 8.3% year-on-year in January, while footwear exports rose by 7.8% [5] - The macroeconomic environment shows mixed signals, with PMI in Indonesia and India rising, while Vietnam's PMI slightly decreased but remains above 50 [5] - Wool prices have increased by 15.3% year-to-date, with a year-on-year increase of 54.9% as of February 5 [5] - Companies like RuHong and GuangYue are experiencing revenue growth due to order continuity and optimized production structures [5] Annual Performance Forecasts - Several companies in the textile and apparel sector, including Bailong Dongfang and Tianhong International, have issued profit forecasts indicating over 40% growth in net profit [2] - Factors contributing to this growth include full order books, improved capacity utilization, and declining raw material costs [2] Investment Recommendations - The report suggests focusing on brands that are likely to benefit from the Spring Festival sales surge and the performance elasticity of upstream suppliers [5] - High-end consumer recovery is anticipated, particularly in the light luxury sports and outdoor segments [5] - Key recommendations include Anta Sports, Li Ning, and Xtep International, which are well-positioned to capture market growth [5] Key Company Earnings Forecasts - Anta Sports is rated "Outperform" with an expected EPS of 4.72 for 2025 and 4.98 for 2026 [6] - Li Ning is also rated "Outperform" with an expected EPS of 1.01 for 2025 and 1.08 for 2026 [6] - Other companies such as Xtep International and 361 Degrees are similarly rated "Outperform" with positive earnings forecasts [6]

Core Insights - The article highlights the significant presence of Chinese brands at the Milan Winter Olympics, showcasing their commitment to sports culture and international exchange [1][2]. Group 1: Event Highlights - The "China Night" event, hosted by Mengniu and guided by the Chinese Olympic Committee, aimed to promote Chinese sports culture and the Olympic spirit [1]. - The "Li Ning Night" event featured a special exhibition showcasing advancements in sports technology, aesthetics, and environmental practices [1]. Group 2: Brand Participation - Chinese companies like Mengniu and TCL are competing in the commercial arena of the Olympics, leveraging their product quality and technology to gain international recognition [2]. - Mengniu, as the first global Olympic partner in the dairy industry, emphasizes the synergy between sports and nutrition, aligning its brand spirit with Olympic values [4]. Group 3: Sponsorship Dynamics - The "TOP sponsors" represent the pinnacle of Olympic sponsorship, with fierce competition among brands to secure these positions [3]. - TCL's involvement as a new "TOP sponsor" at the Milan Winter Olympics includes providing advanced display technology for broadcasting [3]. Group 4: Apparel and Innovation - Li Ning has become the official sportswear partner for the Chinese Olympic Committee, introducing innovative designs and materials for the athletes' outfits [6]. - The outdoor award outfits feature advanced sports technology, emphasizing performance and sustainability through the use of recycled materials [7]. Group 5: Future Outlook - The upcoming 2026 sports events, including the World Cup, are expected to intensify competition among sports brands for marketing opportunities [7]. - Long-term planning and consistent brand influence are essential for companies aiming to leverage sports sponsorship effectively [7].