Core Viewpoint - The intelligent fitness industry in China is rapidly growing, driven by increasing health awareness and the demand for personalized and efficient fitness solutions. The market size is projected to reach 52.3 billion yuan in 2024, reflecting a year-on-year increase of 50.29% [1][13]. Industry Overview - Intelligent fitness, also known as smart fitness or AI fitness, combines the latest technology with traditional exercise to provide personalized fitness guidance through virtual coaches and smart devices [3][8]. - The user base for fitness activities in China has expanded significantly, with the number of fitness participants growing from 249 million in 2017 to an estimated 407 million by 2024, increasing the penetration rate from 17.8% to 28.8% [11][13]. Market Dynamics - The intelligent fitness market is characterized by a diverse range of hardware and software suppliers, including components like chips, sensors, and smart devices, as well as software solutions for data management and user interaction [8][20]. - The industry is supported by government policies aimed at promoting health and fitness, including initiatives to enhance smart sports equipment and facilities [5][20]. Competitive Landscape - The market is dominated by several key players, including Beijing Calorie Information Technology Co., Ltd., Le Dong Tian Xia (Beijing) Sports Technology Co., Ltd., and Qingdao Inpace Health Technology Co., Ltd., among others [15][17]. - Companies are leveraging technology innovation and brand development to capture market share, while new entrants are continuously emerging, altering the competitive dynamics [15][21]. Future Trends - The government is expected to continue increasing support for the intelligent fitness sector, with more policies to encourage healthy lifestyles and the integration of new technologies like 5G into fitness solutions [20][21]. - Cross-industry collaborations are anticipated to emerge, particularly with healthcare and rehabilitation sectors, creating new opportunities for growth and innovation within the intelligent fitness industry [21][22].

Core Viewpoint - The recent reduction of bilateral tariffs between China and the U.S. is expected to boost trade volumes and prompt companies to expedite orders and shipments, reflecting a shift in the export landscape [1][3]. Group 1: Impact on Trade and Orders - U.S. customers are urgently requesting shipments, with some even opting for air freight, which was uncommon previously [2]. - The Shanghai Export Container Freight Index indicates a 10.2% increase in the shipping rates for the U.S. West Coast route, reflecting rising demand [2]. - Companies like Huayi Group and Xian Da Co. anticipate increased sales due to tariff adjustments, with Huayi projecting sales of 223 million pairs of shoes in 2024 [1][3]. Group 2: Resilience of Chinese Manufacturing - Chinese manufacturers maintain a strong demand, with many reporting no loss of customers despite previous tariff increases [3]. - Companies are experiencing an influx of orders, with some U.S. clients increasing their order volumes in response to tariff changes [3]. - The expectation of a "rush to export" is prevalent in the industry, driven by the recovery of previously delayed shipments [3]. Group 3: Strategic Adjustments and Global Expansion - Companies are focusing on diversifying their production capacities overseas to mitigate supply chain risks, with plans for new factories in Vietnam and Indonesia [5]. - The strategy includes balancing production across global markets, not limited to the U.S., to enhance supply chain integration and customer service [5]. - Alibaba International Station is actively working to expand the U.S. buyer base and facilitate increased order conversion for Chinese sellers [4].

中信建投证券股份有限公司 关于青岛三柏硕健康科技股份有限公司 首次公开发行股票并上市之保荐总结报告书 中信建投证券股份有限公司（以下简称"保荐人"）为青岛三柏硕健康科技 股份有限公司（以下简称"三柏硕""发行人""公司"）首次公开发行股票并 上市的保荐人。截至 2024 年 12 月 31 日，三柏硕首次公开发行股票并上市持续 督导期已届满。保荐人根据《证券发行上市保荐业务管理办法》《深圳证券交易 所上市公司自律监管指引第 13 号——保荐业务》等相关法规规定，出具本保荐 总结报告书。 一、保荐人及保荐代表人承诺 1、保荐总结报告书和证明文件及其相关资料的内容不存在虚假记载、误导 性陈述或重大遗漏，保荐人及保荐代表人对其真实性、准确性、完整性承担法律 责任。 2、本机构及本人自愿接受中国证监会对保荐总结报告书相关事项进行的任 何质询和调查。 3、本机构及本人自愿接受中国证监会按照《证券发行上市保荐业务管理办 法》的有关规定采取的监管措施。 二、保荐人基本情况 1、保荐人名称：中信建投证券股份有限公司 2、注册地址：北京市朝阳区安立路 66 号 4 号楼 3、主要办公地址：北京市朝阳区景辉街 16 号院 1 号 ...

中信建投证券股份有限公司关于 青岛三柏硕健康科技股份有限公司 2024 年度保荐工作报告 | 保荐人名称：中信建投证券股份有限公司 | 上市公司简称：三柏硕 | | --- | --- | | 保荐代表人姓名：赵凤滨 | 联系电话：010-56051432 | | 保荐代表人姓名：于宏刚 | 联系电话：010-56051820 | 一、保荐工作概述 | 项 目 | 工作内容 | | --- | --- | | 1.公司信息披露审阅情况 | | | （1）是否及时审阅公司信息披露文件 | 是 | | （2）未及时审阅公司信息披露文件的次数 | 0 次 | | 2．督导公司建立健全并有效执行规章制度的情 | | | 况 | | | （1）是否督导公司建立健全规章制度（包括但 不限于防止关联方占用公司资源的制度、募集 | | | | 是 | | 资金管理制度、内控制度、内部审计制度、关 | | | 联交易制度） | | | （2）公司是否有效执行相关规章制度 | 是 | | 3.募集资金监督情况 | | | （1）查询公司募集资金专户次数 | 次 2 | | （2）公司募集资金项目进展是否与信息披露文 | 是 | ...

Core Viewpoint - The company is actively expanding its international market presence while maintaining growth in domestic business through various strategies, including product innovation and supply chain optimization [1][2][3][4] Group 1: International Market Expansion - The company is focusing on maintaining and expanding relationships with international key clients through OEM/ODM models, cross-border e-commerce, and proprietary brands like SKYWLKER and SPORTSOUL [1] - The establishment of a factory in Vietnam is progressing steadily, which will enhance the company's global supply chain and support its "globalization + digitalization" strategy [2] Group 2: Domestic Business Growth - The company aims to increase its domestic market share by developing new products and entering new fields, particularly in leisure sports and fitness equipment [1] - The company is integrating into the domestic economic cycle by focusing on health and wellness sectors, especially targeting the aging population [1] Group 3: Response to Tariff Changes - The company is monitoring changes in U.S.-China tariffs and plans to maintain close communication with U.S. clients to adjust orders accordingly [3] - Strategies to reduce reliance on the North American market include enhancing customer development in non-U.S. markets and accelerating domestic market share through innovative products [3] Group 4: Financial Performance - In Q1 2025, the company reported a main revenue of 138 million yuan, a year-on-year decrease of 12.34%, and a net profit attributable to shareholders of 6.526 million yuan, down 46.61% [4] - The company's gross profit margin stands at 21.21%, with a debt ratio of 17.11% [4]

Group 1: Market Expansion Strategies - The company is actively maintaining and expanding international major clients through OEM/ODM models, cross-border e-commerce, and proprietary brands like SKYWALKER and SPORTSOUL, targeting high-potential markets in the Americas, Europe, Southeast Asia, and Australia/New Zealand [2] - In parallel, the company is developing new products and expanding into new fields to adapt to domestic market demands, gradually increasing the domestic market share [2] - The company focuses on main products such as trampolines and basketball hoops to expand the domestic market while integrating into the domestic economic cycle through health and aging economy initiatives [2] Group 2: Global Supply Chain and Production - The company has established Sanboshuo Health Technology (Vietnam) Co., Ltd. to deepen its global supply chain layout, with the construction of the Vietnam factory progressing steadily, becoming a key support for overseas operations [4] - This factory will enhance cross-regional collaboration efficiency and support the resilience and agility of the domestic and international supply chain "dual circulation" strategy [4] Group 3: Response to Tariff Changes - The company is monitoring the recent U.S.-China tariff adjustments, which include a 24% tariff on Chinese goods being suspended for the first 90 days, while retaining a 10% tariff [4] - Future strategies include maintaining close communication with U.S. clients for order adjustments, developing non-U.S. markets (Europe, Asia), and increasing domestic market share through innovative products and services [4] - The company plans to accelerate the establishment of overseas production bases to reduce trade barriers and logistics costs, as well as pursue domestic mergers and acquisitions to achieve industry chain synergy [4] Group 4: Technological Integration - The company is focusing on integrating new technologies such as AI and robotics with sports health technology to enhance product intelligence and user experience [3]

中信建投证券股份有限公司 关于青岛三柏硕健康科技股份有限公司 2024 年度定期现场检查报告 | 保荐人名称：中信建投证券股份有限公 上市公司简称：三柏硕 | | | | --- | --- | --- | | | 司 | | | 联系电话：010-56051432 | 保荐代表人姓名：赵凤滨 | | | 联系电话：010-56051820 | 保荐代表人姓名：于宏刚 | | | 现场检查人员姓名：赵凤滨、黎江 | | | | 日 | | | | 现场检查意见 | 一、现场检查事项 | | | 是 否 | （一）公司治理 | 不适用 | | | | 号 | | ——保荐业务》第三十三条所列）：查阅公司章程、公司治理的相关规章制度， | | | | 1.公司章程和公司治理制度是否完备、合规 √ | | | | | 执行 | | | 资料是否保存完整 | | | | 4.股东会、董事会会议决议是否由出席会议的相 √ | | | | | 关人员签名确认 | | | 5.公司董事、高级管理人员是否按照有关法律法 √ | | | | 规和本所相关业务规则履行职责 | | | | 6.公司董事、高级管理人员如发生重大变化 ...

Core Points - The company, Qingdao Sanbai Shuo Health Technology Co., Ltd., will participate in the 2025 Qingdao Listed Companies Investor Online Collective Reception Day and the 2024 Annual Performance Briefing [1][3] - The event aims to enhance interaction with investors and will be held online on May 12, 2025, from 15:00 to 17:00 [1][3] - Key company representatives, including the General Manager and Financial Director, will engage in discussions regarding corporate governance, development strategy, operational status, and sustainable development [1][3] Event Details - The event will be conducted remotely, allowing investors to participate via the "Panjing Roadshow" website, WeChat public account, or the Panjing Roadshow APP [1] - The company encourages widespread participation from investors during this interactive session [1]

为进一步加强与投资者的互动交流，青岛三柏硕健康科技股份有限公司（以 下简称"公司"）将参加由青岛证监局指导，青岛市上市公司协会与深圳市全景 网络有限公司联合举办的"2025年青岛辖区上市公司投资者网上集体接待日暨 2024年度业绩说明会活动"，现将相关事项公告如下： 本次活动将采用网络远程的方式举行，投资者可登录"全景路演"网站 （http://rs.p5w.net）；或关注微信公众号（名称：全景财经）；或下载全景路演 APP,参与本次互动交流。活动时间为2025年5月12日（周一）15:00-17:00。届时 公司总经理文珂先生、独立董事鲍在山先生、董事会秘书方瑞征先生、财务总监 吴志强先生（如有特殊情况，参与人员相应调整）将以在线交流形式就公司治理、 发展战略、经营状况和可持续发展等投资者关注的问题与投资者进行沟通与交流， 欢迎广大投资者踊跃参与。 特此公告。 证券代码：001300 证券简称：三柏硕 公告编号：2025-028 青岛三柏硕健康科技股份有限公司 关于参加 2025 年青岛辖区上市公司投资者 网上集体接待日暨 2024 年度业绩说明会活动的公告 本公司及董事会全体成员保证信息披露内容的真实、 ...

青岛三柏硕健康科技股份有限公司 募集资金存放与实际使用 情况鉴证报告 和信专字（2025）第 000289 号 | 目 录 | 页 码 | | --- | --- | | 一、募集资金存放与实际使用情况鉴证报告 | 1-3 | | 二、募集资金存放与使用情况的专项报告 | 4-9 | 和信会计师事务所（特殊普通合伙） 二〇二五年四月二十五日 青岛三柏硕健康科技股份有限公司 报告正文 青岛三柏硕健康科技股份有限公司 募集资金存放与实际使用 情况鉴证报告 和信专字（2025）第 000289 号 青岛三柏硕健康科技股份有限公司全体股东： 我们接受委托，对后附的青岛三柏硕健康科技股份有限公司（以下简称"三 柏硕"）董事会编制的《青岛三柏硕健康科技股份有限公司 2024 年度募集资金存 放与使用情况的专项报告》（以下简称"募集资金专项报告"）执行了鉴证工作。 一、董事会的责任 三柏硕董事会的责任是按照中国证券监督管理委员会《上市公司监管指引第 2 号——上市公司募集资金管理和使用的监管要求》、深圳证券交易所《深圳证 券交易所上市公司自律监管指引第 1 号——主板上市公司规范运作》以及《深圳 证券交易所上市公司自律监管 ...