运动·快乐·梦想 证券代码：002780 证券简称：三夫户外 公告编号：2025-059 北京三夫户外用品股份有限公司 第五届董事会第十八次会议决议公告 本公司及董事会全体成员保证信息披露的内容真实、准确、完整，没有虚假记载、 误导性陈述或重大遗漏。 本议案已经公司第五届董事会独立董事专门会议第十五次会议审议通过，并同意将该议 案提交本次董事会审议。 《关于控股股东、实际控制人为公司向银行申请授信额度提供担保暨关联交易的公告》 内容详见巨潮资讯网（www.cninfo.com.cn）。 （二） 以6票同意，0票反对，0票弃权，一致通过《关于公司、实际控制人为江苏三夫 户外产业发展有限公司向银行申请授信额度提供担保暨关联交易的议案》，关联董事张恒回避 表决 经审核，董事会认为：公司、实际控制人为江苏三夫户外产业发展有限公司向银行申请 授信额度提供担保暨关联交易事项，有利于降低资金使用成本，保持财务状况稳定，江苏三 夫户外产业发展有限公司经营状况良好，为其提供担保的风险处于公司可控范围之内，不会 影响公司持续经营能力。因此，同意公司、实际控制人为江苏三夫户外产业发展有限公司向 第 1 页 共 2 页 运动·快乐· ...

Industry Overview - The camping and outdoor activities are increasingly popular due to changing lifestyles and a pursuit of healthy living, leading to a significant rise in the demand for sleeping bags as essential outdoor gear [1][8] - The Chinese sleeping bag market is projected to reach a scale of 3 billion yuan in 2024, with a year-on-year increase of 7.4%, and is expected to grow to 3.207 billion yuan in 2025 [1][9] Market Dynamics - The rise of e-commerce has expanded online retail channels for sleeping bags, allowing consumers to easily browse and purchase various brands and styles without time and space constraints [1][8] - The sleeping bag industry has a complete supply chain in China, from raw material production to manufacturing and sales channels, with advantages in labor costs and material supply [9] Competitive Landscape - The sleeping bag market is competitive, with domestic brands like Muguangdi and Sanfu Outdoor holding significant market shares, while international brands like The North Face also have a presence [11] - The industry is seeing a trend towards increased concentration, with market shares shifting towards innovative and influential brands [14] Technological Trends - Future trends in the sleeping bag industry include material innovations with biodegradable materials and smart temperature control fibers, as well as the integration of AIoT technology for sleep quality analysis [12][13] - The market is expected to see a diversification of demand, leading to customized sleeping bags for specific outdoor scenarios and age groups [13] Export Performance - In 2024, China's sleeping bag exports are expected to reach 36.0575 million units and 370.2762 million USD, with a year-on-year increase of 4.3% in quantity but a decrease of 7.3% in value [9][10]

Group 1 - The "ticket root economy" is rapidly emerging across China, connecting various consumption scenarios and creating a new consumption model that benefits both businesses and consumers [1][2] - The model allows consumers to use tickets from transportation, sports, and cultural events to receive discounts, points, or vouchers for subsequent purchases, promoting a chain experience rather than a single purchase [2][3] - Various cities are actively promoting the "ticket root economy" in anticipation of the upcoming Golden Week, with initiatives that offer exclusive benefits to consumers based on their event tickets [2] Group 2 - A number of listed companies are seizing opportunities within the "ticket root economy," including those in the outdoor sports, retail, and technology sectors [3] - Beijing Sanfu Outdoor Products Co., Ltd. is leveraging its brand experience to offer discounts to consumers holding tickets from events, even without direct sponsorship [3] - Shanghai New World Co., Ltd. is exploring "thematic marketing" strategies and creating packages that integrate travel, consumption, and accommodation, aiming to build a diverse cultural and tourism consumption ecosystem [3]

Summary of the Ice and Snow Sports Industry Conference Call Industry Overview - The ice and snow economy in China has rapidly grown from 500 billion yuan in 2020 to 890 billion yuan in 2023, with a compound annual growth rate (CAGR) of 21.19%, indicating strong development momentum [1][4] - As of 2023, there are 2,847 ice and snow venues nationwide, a year-on-year increase of 16.1%. Skiing venues account for 32.84%, while skating venues dominate at 67.16%, suggesting significant growth potential for skiing facilities [1][4] Core Insights and Arguments - The post-Olympic era strategy for China's ice and snow industry focuses on intelligent and digital transformation, accelerating the development of smart R&D elements and the application of digital technologies in ice and snow venues, while also supporting virtual ice and snow sports [1][5] - The consumption scale related to ice and snow activities for the winter season of 2023-2024 is expected to exceed 150 billion yuan, with folk activities accounting for the highest share at approximately 37% and specific projects at 27% [1][6] - Since 2014, the number of participants in ice and snow sports has been steadily increasing, with over 180 million participants recorded in the 10th public review season, and a total of 57.35 million people participating in various sports nationwide [1][6] Popularity of Ice and Snow Sports - The most popular ice and snow sports in China are skiing and skating. Post-Beijing Winter Olympics surveys show that the participation rate for folk activities among adults is 17.73%, while the participation rate for viewing activities is 9.83%, specific project participation is 6.05%, and land project participation is 3.06% [1][8] Consumer Spending Characteristics - Following the Beijing Winter Olympics, 72.73% of respondents reported engaging in ice and snow-related consumption, with 40% spending below 500 yuan and only 2.43% spending over 2,000 yuan, indicating untapped consumer potential [3][9] - The North China region, particularly Hebei Province, shows outstanding performance in ice and snow consumption, with Shandong, Jiangsu, and Xinjiang also ranking in the second tier nationally [3][9] Future Development Trends and Goals - The State Council aims to achieve a total scale of 1.2 trillion yuan by 2030, promoting widespread participation in sports through strategies such as southward expansion, westward outreach, and eastward advancement [3][10][11] Investment Recommendations - Investment focus should be on high-quality core assets, particularly blue-chip stocks like Anta Sports, Bosideng, and Sanfo Outdoor, which are expected to recover from bottoming out. These companies have strong earnings certainty and relatively high dividend yields, with competitive advantages in ice and snow sports brands and high-end skiing equipment [3][14] - Anta is recognized as a pioneer in domestic ice and snow sports brands, enhancing operational efficiency through online and offline strategies, while Bosideng is expanding into the high-end skiing market through international collaborations [3][14][15] Risks Facing the Ice and Snow Sports Industry - The industry faces several risks, including changing consumer preferences that may lead to inventory buildup and performance declines, uncertain penetration rates due to low-temperature environments and seasonal limitations, and seasonal volatility risks that could affect market growth if consumer enthusiasm wanes [3][16]

Industry Overview - The mountaineering backpack is an essential piece of outdoor equipment, designed for carrying gear and items needed for climbing activities, featuring durable, waterproof materials and multiple storage pockets [3][4] - The market for mountaineering backpacks is projected to grow to 12.871 billion yuan in 2024, representing a year-on-year increase of 15.1% [1][8] - The rise in income levels and the popularity of outdoor sports culture have contributed to the significant growth potential in the mountaineering backpack market [1][8] Market Size and Growth - The overall outdoor sports goods market in China is expected to reach 257.41 billion yuan in 2024, with a year-on-year growth of 15.06% [7] - The mountaineering backpack market is a crucial segment of this growth, reflecting the increasing demand for outdoor activities among the general public [7][8] Industry Chain - The upstream materials for the mountaineering backpack industry include metals, plastics, and fabrics, with specific requirements for strength, durability, and lightweight properties [6] - The downstream sales channels consist of online platforms like Tmall and JD.com, as well as offline stores such as outdoor specialty shops and sports goods stores [6] Competitive Landscape - The mountaineering backpack market is highly competitive, with international brands like Osprey, Deuter, and The North Face holding significant market shares due to their technological advantages [8] - Domestic brands such as TOREAD, MobiGad, and Sanfu Outdoor are gaining traction by leveraging their understanding of local markets [8][9] Development Trends - Future trends in the mountaineering backpack industry include the use of lighter and stronger materials, such as high-strength nylon and carbon fiber, to enhance durability while reducing weight [10] - The integration of smart features, such as GPS tracking and health monitoring sensors, is expected to become more prevalent in high-end backpacks [10] - Personalization in design, including diverse colors, styles, and patterns, will cater to consumers' desire for individual expression [10]

Market Overview - The Shanghai Composite Index fell by 1.23% today, with a trading volume of 1,083.14 million shares and a transaction value of 17,135.39 billion yuan, an increase of 26.47% compared to the previous trading day [1]. Industry Performance - Among the industries, the banking sector had the highest increase, up by 2.15%, with Nanjing Bank leading at a rise of 4.30% [1]. - The computer, social services, and comprehensive sectors experienced the largest declines, down by 3.74%, 3.73%, and 3.57% respectively [1][2]. Detailed Industry Data - **Banking**: +2.15%, transaction value 315.69 billion yuan, up 126.85% from the previous day, led by Nanjing Bank (+4.30%) [1]. - **Coal**: -0.02%, transaction value 103.20 billion yuan, up 34.02%, led by Antai Group (-5.22%) [1]. - **Utilities**: -0.28%, transaction value 229.25 billion yuan, up 23.66%, led by Jingyuntong (-5.99%) [1]. - **Oil & Petrochemicals**: -0.50%, transaction value 60.02 billion yuan, up 20.24%, led by Yueyang Xingchang (-4.60%) [1]. - **Transportation**: -0.91%, transaction value 224.70 billion yuan, up 20.14%, led by Jushen Co. (-9.87%) [1]. - **Food & Beverage**: -1.10%, transaction value 205.01 billion yuan, up 31.81%, led by Ziyan Food (-5.40%) [1]. - **Construction & Decoration**: -1.12%, transaction value 252.99 billion yuan, up 18.05%, led by Yabo Co. (-6.56%) [1]. - **Household Appliances**: -1.30%, transaction value 315.39 billion yuan, up 10.99%, led by Greer (-8.21%) [1]. - **Power Equipment**: -1.48%, transaction value 1,861.78 billion yuan, up 44.25%, led by Daqian Energy (-7.29%) [1]. - **Automotive**: -1.52%, transaction value 1,037.23 billion yuan, up 20.58%, led by Shanghai Wumao (-9.93%) [1]. - **Textiles & Apparel**: -1.58%, transaction value 128.03 billion yuan, up 15.04%, led by Sanfu Outdoor (-5.97%) [1]. - **Agriculture, Forestry, Animal Husbandry, and Fishery**: -1.65%, transaction value 121.46 billion yuan, up 11.51%, led by Aonong Biological (-6.99%) [1]. - **Non-Bank Financials**: -1.72%, transaction value 431.67 billion yuan, up 55.06%, led by Yalian Development (-5.63%) [1]. - **Environmental Protection**: -1.75%, transaction value 151.27 billion yuan, up 35.24%, led by Henghe Co. (-10.64%) [1]. - **Construction Materials**: -2.28%, transaction value 116.54 billion yuan, up 18.34%, led by Gongyuan Co. (-6.75%) [1]. - **Nonferrous Metals**: -2.36%, transaction value 761.40 billion yuan, up 20.71%, led by Tengyuan Cobalt (-6.04%) [1]. - **Media**: -2.36%, transaction value 390.38 billion yuan, up 24.71%, led by Jinyi Film (-8.95%) [1]. - **Beauty & Personal Care**: -2.50%, transaction value 30.26 billion yuan, up 30.69%, led by Huaye Fragrance (-4.78%) [1]. - **Defense & Military**: -2.52%, transaction value 384.06 billion yuan, up 22.18%, led by ST Sicor (-11.43%) [1]. - **Telecommunications**: -2.54%, transaction value 1,124.99 billion yuan, up 29.44%, led by Dekeli (-14.18%) [1]. - **Electronics**: -2.56%, transaction value 3,735.81 billion yuan, up 19.69%, led by Zhixin Electronics (-10.74%) [1]. - **Machinery Equipment**: -2.65%, transaction value 1,391.63 billion yuan, up 24.55%, led by Huizhong Co. (-10.29%) [1]. - **Basic Chemicals**: -2.66%, transaction value 645.44 billion yuan, up 13.75%, led by Dingjide (-7.52%) [1]. - **Steel**: -2.78%, transaction value 68.00 billion yuan, down 2.07%, led by Shougang Co. (-5.26%) [1]. - **Light Industry Manufacturing**: -2.80%, transaction value 174.20 billion yuan, up 4.62%, led by Haotaitai (-10.01%) [1]. - **Pharmaceuticals & Biotechnology**: -3.02%, transaction value 805.28 billion yuan, up 33.02%, led by Kangle Weishi (-12.10%) [1]. - **Real Estate**: -3.17%, transaction value 252.56 billion yuan, up 13.91%, led by Electronic City (-9.86%) [1]. - **Commerce & Retail**: -3.57%, transaction value 38.87 billion yuan, up 81.17%, led by Nanjing Business Travel [2]. - **Social Services**: -3.73%, transaction value 151.27 billion yuan, up 0.36%, led by Yunnan Tourism (-10.01%) [2]. - **Computers**: -3.74%, transaction value 1,426.22 billion yuan, up 34.17%, led by ST Chuangyi (-19.97%) [2].

Group 1 - The tourism concept stocks in the A-share market experienced a collective decline, with notable drops in stocks such as Guilin Tourism down over 9% and Xi'an Tourism down over 8% [1] - Other companies also faced significant declines, including Caesar Travel down over 6%, Overseas Chinese Town A down over 6%, and several others down over 5% [1] - The overall market sentiment for tourism stocks appears negative, reflecting broader challenges in the sector [1] Group 2 - Specific stock performance data shows Guilin Tourism at a decline of 9.31% with a market capitalization of 3.193 billion, while Xi'an Tourism fell by 8.27% with a market cap of 3.206 billion [2] - Caesar Travel reported a decline of 6.75% with a market cap of 9.976 billion, and Overseas Chinese Town A decreased by 6.30% with a market cap of 20.3 billion [2] - Other notable declines include Nanjing Commercial Travel down 5.73% and Lingnan Holdings down 5.49%, indicating a widespread downturn across various tourism-related companies [2]

Core Insights - The outdoor sports market is growing due to increased health awareness and living standards, leading to a rising demand for functional apparel like jackets [1][8] - The jacket market in China is experiencing significant growth, with a 29.9% year-on-year increase in 2023 and a projected market size of 30 billion yuan in 2024, reflecting a 25.5% increase [1][8] - The jacket has evolved from a purely functional item to a fashionable product, appealing to younger consumers seeking style and individuality [1][8] Industry Overview - The jacket is designed for harsh weather and outdoor activities, combining windproof, waterproof, and breathable features, making it suitable for activities like hiking and camping [3][8] - The jacket market is primarily segmented into hard-shell, soft-shell, and three-in-one jackets, each serving different functional needs [4][8] - The industry supply chain includes raw materials like functional fabrics, manufacturers responsible for design and production, and various sales channels including e-commerce and physical stores [6][8] Market Trends - The jacket market is dominated by mid to low-end products, with over 70% of sales occurring in the price range below 1,000 yuan [9][8] - The competitive landscape features both established international brands and emerging domestic players, with foreign brands typically occupying the high-end market [9][10] - The industry is witnessing a shift towards e-commerce, with online sales expected to grow as digital platforms become more prevalent [7][8] Future Development - Technological advancements are driving the evolution of jacket functionality, with innovations in materials and the potential integration of smart features [11][8] - The market is diversifying to cater to various consumer needs, including urban commuting and specialized jackets for children and women [12][8] - Sustainability is becoming a key focus, with brands adopting eco-friendly materials and practices to meet consumer demand for sustainable products [13][8]

证券日报网讯 9月16日晚间，三夫户外发布公告称，公司于2025年9月16日召开职工代表大会，经与会 职工代表审议，会议选举李继娟女士为公司第五届董事会职工董事。 （文章来源：证券日报） ...

运动·快乐·梦想 证券代码：002780 证券简称：三夫户外 公告编号：2025-058 北京三夫户外用品股份有限公司 关于董事辞职暨选举职工董事的公告 本公司及董事会全体成员保证信息披露的内容真实、准确、完整，没有虚假记载、 误导性陈述或重大遗漏。 二、选举职工董事情况 根据《公司法》《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》等法律法规、规范性文件及《公司章程》等相关规定，公司于2025年9月16日召开职工代 表大会，经与会职工代表审议，会议选举李继娟女士（简历详见附件）为公司第五届董事会 职工董事，任期自本次职工代表大会选举通过之日起至第五届董事会任期届满之日止。李继 娟女士符合《公司法》《公司章程》等规定的有关职工董事任职资格和条件。 李继娟女士当选职工董事后，公司第五届董事会中兼任公司高级管理人员以及由职工代 表担任的董事人数未超过公司董事总数的二分之一，符合相关法律法规的要求。 三、备查文件 1、董事辞职报告 2、公司职工代表大会决议 一、 董事辞职情况 北京三夫户外用品股份有限公司（以下简称"公司"）董事会于近日收到公司董事何亚平 先生提交的书面辞职报告，何亚平先生因个 ...