Group 1 - The core point of the news is the strong performance of Hainan Free Trade Port concept stocks, particularly Lisheng Sports, which saw its stock price increase by over 5% as of the report date [1] - The specific date for the official launch of Hainan Free Trade Port's closure is set for December 18, 2025, as approved by the Central Committee [1] - The closure will establish a customs supervision special area across Hainan Island, implementing a policy characterized by "freeing up the first line, controlling the second line, and allowing freedom within the island" [1] Group 2 - The proportion of "zero tariff" goods for "first line" imports will increase from 21% to 74%, allowing for tax-free circulation among beneficiaries within the island [1] - The project of Hainan International Circuit is progressing smoothly and has entered a substantial construction phase, with the track trial section expected to be completed in 2024 [2] - Lisheng Sports has invested 147 million yuan in the Hainan International Circuit project, which is anticipated to enhance the company's profits due to favorable climate conditions allowing for approximately 340 days of operation per year [2]

Investment Rating - The industry investment rating is "Positive" (maintained) [2] Core Views - The return of everyday dining and the rise of home-cooked meals are significant trends, with the market for casual dining exceeding 1.2 trillion RMB, emphasizing high cost-performance [5][58] - The creator economy, particularly in the music streaming sector, is experiencing stable growth, with platforms enhancing their bargaining power through non-music content [22][24] - The casual dining market is projected to grow at a compound annual growth rate (CAGR) of 9.1% from 2023 to 2028, reaching 55.87 billion RMB by 2028 [56][58] Summary by Sections 1. Trend in Casual Dining - The average spending on Chinese dining has decreased from 87.6 RMB in 2023 to 79.2 RMB in 2024, a decline of 9.6% [53][55] - The casual dining market is characterized by a shift towards high cost-performance and practicality, with a significant increase in home cooking frequency [53][56] - The market for affordable casual dining (under 100 RMB per meal) is the largest segment, accounting for 88.7% of the total dining market, with a current size of 36.18 billion RMB [56][58] 2. Creator Economy and Music Streaming - The global music streaming market is projected to reach over 20.4 billion USD in 2024, with a year-on-year growth of 7.3% [27][30] - Subscription users in the music streaming sector are expected to grow to 263 million in 2024, reflecting an increase of 11% year-on-year [30] - Spotify's market penetration in emerging markets is driving user growth, with a CAGR of 35% from 2021 to 2025 [26][30] 3. Trends in Toy and Creator Economy - The online sales of trendy toys in June 2025 reached 1.348 billion RMB, with a year-on-year growth of 16% [12][14] - The sales of blind boxes and plush toys showed strong performance, with blind boxes growing by 109% year-on-year [12][13] - The creator economy is bolstered by the growth of non-music content, enhancing platforms' bargaining power [22][24] 4. Beauty and Personal Care Market - The skincare market on Tmall has seen a concentration increase, with the top 20 brands accounting for 46.2% of the total GMV [66] - Domestic brands have seen a decline in both quantity and market share, while international brands have experienced double-digit growth [66][67]

Meeting Overview - The fifth supervisory board's tenth meeting of Lisheng Yundong (Shanghai) Sports Technology Co., Ltd. was held on July 8, 2025, combining on-site and remote voting methods [1] - All three supervisors attended the meeting, with two participating via remote voting [1] Meeting Resolutions - The supervisory board approved the provision of guarantees for a wholly-owned subsidiary, deeming it beneficial for daily operations and long-term business development, with financial risks considered controllable [1] - The decision-making process complied with relevant laws and regulations, ensuring no harm to the company or shareholders, particularly minority shareholders [1] Voting Results - The voting results for the guarantee provision were unanimous, with 3 votes in favor, 0 against, and 0 abstentions [2] - The supervisory board also approved the use of up to 150 million yuan of temporarily idle self-owned funds for cash management, aimed at purchasing low-risk, high-liquidity financial products to enhance fund efficiency and returns [2] - The voting results for the cash management decision were also unanimous, with 3 votes in favor, 0 against, and 0 abstentions [2]

证券代码：002858 证券简称：力盛体育 公告编号：2025-056 力盛云动（上海）体育科技股份有限公司 关于为全资子公司提供担保的公告 本公司及董事会全体成员保证信息披露内容的真实、准确和完整，没有虚假记载、误导性 陈述或重大遗漏。 力盛云动（上海）体育科技股份有限公司（以下简称"公司"）于 2025 年 7 月 8 日召开第五届董事会第十三次会议和第五届监事会第十次会议审议通过了 《关于为全资子公司提供担保的议案》，具体情况公告如下： 一、 担保情况概述 为满足日常经营和业务发展资金需要，公司全资子公司上海赛赛赛车俱乐部 有限公司（以下简称"三赛俱乐部"）拟向厦门国际银行股份有限公司上海分行 （以下简称"厦门国际银行上海分行"）申请额度不超过人民币 600 万元的综合 授信。根据《综合授信额度合同》（以下简称"主合同"）的要求，公司拟为三 赛俱乐部在主合同中履行义务时承担连带担保责任，担保范围包括贷款本金及利 息等，担保总额预计不超过人民币 700 万元，担保期限自担保协议签署生效之日 起至主合同项下的债务履行期限届满之日起三年止。 4、法定代表人：夏南 5、注册资本：1,000 万元人民币 6、主营 ...

证券代码：002858 证券简称：力盛体育 公告编号：2025-055 力盛云动（上海）体育科技股份有限公司 关于使用部分闲置自有资金进行现金管理的公告 本公司及董事会全体成员保证信息披露内容的真实、准确和完整，没有虚假记载、误导性 陈述或重大遗漏。 重要内容提示： 委托理财金额：预计单日最高自有资金现金管理余额不超过 15,000 万元（含 本数） 委托理财产品类型：安全性高、流动性好、风险较低的理财产品 委托理财期限：授权期限自公司第五届董事会第十三次会议审议通过之日起 12 个月内有效 公司将按照相关规定严格控制风险，使用暂时闲置的自有资金进行现金管理， 适时购买安全性高、流动性好、风险较低的理财产品。 （四）额度及期限 在确保公司正常生产经营的情况下，公司拟使用不超过 15,000 万元（含本 数）暂时闲置的自有资金进行现金管理，使用期限为自公司第五届董事会第十三 次会议审议通过之日起 12 个月内有效，上述额度资金可滚动使用，期限内任一 时点的交易金额（含前述投资的收益进行再投资的相关金额）不应超过投资额度。 本次额度生效后，公司第四届董事会第三十一次会议审议通过的闲置自有资金现 金管理额度将自动失 ...

证券代码：002858 证券简称：力盛体育 公告编号：2025-057 力盛云动（上海）体育科技股份有限公司 关于向银行申请综合授信额度的公告 本公司及董事会全体成员保证信息披露内容的真实、准确和完整，没有虚假 记载、误导性陈述或重大遗漏。 为满足经营生产需要，稳妥周转授信、融资，提高效率，力盛云动（上海） 体育科技股份有限公司（以下简称"公司"）拟向招商银行股份有限公司上海长 阳支行等 15 家银行开展授信、融资相关事项，具体如下： 1、向招商银行股份有限公司上海长阳支行申请综合授信额度 0.4 亿元，有 效期限为壹年。 2、向交通银行股份有限公司上海虹口支行申请综合授信额度 0.5 亿元，有 效期限为壹年。 5、向中国建设银行股份有限公司上海长宁支行申请综合授信额度 0.3 亿元， 有效期限为壹年。 3、向中信银行股份有限公司上海分行申请综合授信额度 0.4 亿元，有效期 限为壹年。 4、向中国银行股份有限公司上海市闵行支行申请综合授信额度 0.5 亿元， 有效期限为壹年。 6、向宁波银行股份有限公司上海普陀支行申请综合授信额度 0.3 亿元，有 效期限为壹年。 14、向上海浦东发展银行股份有限公司长宁支 ...

证券代码：002858 证券简称：力盛体育 公告编号：2025-054 力盛云动（上海）体育科技股份有限公司 第五届监事会第十次会议决议公告 本公司及监事会全体成员保证信息披露内容的真实、准确和完整，没有虚假 记载、误导性陈述或重大遗漏。 经审议，监事会认为在确保公司正常生产经营的情况下，使用不超过 15,000 万元（含本数）的暂时闲置的自有资金进行现金管理，用于购买安全性高、流动 性好、风险较低的理财产品。能够合理提高资金使用效率，增加资金收益，不会 影响公司主营业务的正常发展，符合公司及全体股东的利益。 本次会议应出席监事 3 名，实际出席监事 3 名（其中监事王文朝、马怡然以 通讯表决方式参会）。本次会议由监事会主席王文朝先生主持，公司董事会秘书 马笑、证券事务代表盘羽洁列席。会议的召集和召开程序、出席会议人员资格均 符合《公司法》及《公司章程》的有关规定。 二、会议审议情况 1、审议通过《关于为全资子公司提供担保的议案》 经审核，监事会认为公司本次为全资子公司提供担保，有利于其日常经营及 长远业务发展，提供担保的财务风险处于公司可控的范围之内。决策程序符合有 关法律法规及《公司章程》的规定，不存在损 ...

本次会议应出席董事 9 名，实际出席董事 9 名（其中董事余星宇、曹杉，独 立董事张桂森、陈其以通讯方式参会），公司部分监事及高级管理人员列席。本 次会议的召集和召开程序、出席和列席会议人员资格均符合有关法律、行政法规 及《公司章程》的有关规定。 证券代码：002858 证券简称：力盛体育 公告编号：2025-053 力盛云动（上海）体育科技股份有限公司 第五届董事会第十三次会议决议公告 本公司及董事会全体成员保证信息披露内容的真实、准确和完整，没有虚假 记载、误导性陈述或重大遗漏。 一、会议召开情况 力盛云动（上海）体育科技股份有限公司（以下简称"公司"）第五届董事 会第十三次会议于 2025 年 7 月 8 日在上海市长宁区福泉北路 518 号 8 座 2 楼公 司会议室以现场结合通讯的方式召开。本次会议由公司董事长夏青先生召集和主 持，会议通知及相关资料已于 2025 年 7 月 2 日以微信等形式送达全体董事。 二、会议审议情况 1、审议通过《关于为全资子公司提供担保的议案》 公司董事会认为，本次被担保对象是公司全资子公司，公司为其提供不超过 700 万元的担保金额，有助于其向金融机构申请授信并进行贷 ...

内容概要：体育服务行业是指以体育为核心，通过专业化、市场化手段为个人、机构或社会提供与体育 相关的非物质性产品的经济活动集合，是体育产业的重要组成部分。当今时代，在政策引导支持下，随 着居民消费能力的提升，体育产业正以前所未有的速度蓬勃发展，体育服务业在体育产业中重要性越来 越高。2023年，我国体育产业总规模增长至3.67万亿元，体育服务业产业规模达2.11万亿元，占体育产 业的57.30%；2024年体育产业总规模约3.89万亿元，体育服务产业规模达2.61万亿元，占体育产业的 67.02%；预计2025年我国体育产业总规模有望突破4万亿元，体育服务产业规模达2.78万亿元，占体育 产业的68%。在国家政策引领和市场推动下，体育服务行业不仅在推动经济高质量发展、创造高品质生 活、发挥体育多元功能中有更大的作为。 上市企业：中体产业(600158.SH)、疯狂体育(00082.HK)、非凡领越(00933.HK)、北京体育文化 (01803.HK)、中国动向(03818.HK)、力盛体育(002858.SZ)、亚玛芬体育(AS.N)、和嘉天健（834274）、 相关企业：海南体育赛事有限公司、北京體育文化產 ...

Group 1: Company Overview - Lisheng Yundong (Shanghai) Sports Technology Co., Ltd. is a leading automotive sports service provider in China, focusing on sports event management, venue operation, marketing services, and digital sports business [2] - In 2025, the company plans to expand into golf events and continue operating the FE China series, with increased efficiency in racetrack operations driven by performance vehicles [2] Group 2: Business Development and Strategy - The company aims to achieve revenue levels in golf similar to its current motorsport business, with a comprehensive industry chain layout planned for golf, including various event IPs and venue operations [2][3] - The company has acquired authorization from the China Golf Association to fully operate the China Men's Professional Golf Tour, indicating a positive outlook for future growth in this sector [2] Group 3: Market Opportunities and Comparisons - Golf events can be benchmarked against overseas tours such as the European Tour and PGA Tour, while motorsport has significant growth potential compared to F1 [3] - The company is exploring expansion into other sports like tennis, cycling, and marathons, while keeping an eye on high-value sports like basketball and football [3] Group 4: Financial and Operational Updates - The company is actively progressing on its Hainan financing project and has repurchased over 1% of its shares, reaching the buyback range of 20 million to 40 million [3] - Future growth will focus on enhancing event value, attracting star athletes, and increasing commercial impact through both internal development and external investments [3]