Group 1 - The entertainment products sector saw a slight increase of 0.04% on December 30, with Yingpais leading the gains [1] - The Shanghai Composite Index closed at 3965.12, showing no change, while the Shenzhen Component Index rose by 0.49% to 13604.07 [1] - Notable gainers in the entertainment products sector included Meipais, which rose by 7.74% to a closing price of 28.13, and Hailun Piano, which increased by 5.47% to 16.20 [1] Group 2 - The entertainment products sector experienced a net inflow of 18.26 million yuan from main funds, while retail investors saw a net outflow of 7.48 million yuan [2] - The top stocks by main fund inflow included Yingpais with 40.83 million yuan and Hailun Piano with 10.02 million yuan [3] - Conversely, stocks like Shifeng Culture and Tongda Chuangzhi experienced declines of 2.51% and 2.20%, respectively [2]

Core Viewpoint - The company, Inspur (002899.SZ), successfully launched its core muscle training device aboard the Tianzhou-9 cargo spacecraft on July 15, 2025, and it has been well-received by astronauts for its scientific design and ease of use [1] Group 1 - The core muscle training device was assembled and debugged at the space station on July 24, 2025, and has since been utilized in astronauts' daily exercise routines [1] - The device is currently operating in a stable condition, receiving positive feedback from astronauts regarding its design and usability [1] - The company aims to leverage its strong R&D capabilities and precision manufacturing to enhance its entire product line, thereby creating long-term stable value returns for investors [1]

格隆汇12月26日丨英派斯(002899.SZ)公布，公司于近日收到海南江恒出具的《关于增持青岛英派斯健 康科技股份有限公司股份触及1%整数倍的告知函》，海南江恒于2025年12月17日至2025年12月26日期 间通过集中竞价的方式累计增持公司股份1,712,200股，占公司总股本的比例为1.16%，占剔除公司回购 专用账户中的股份数量后总股本的比例为1.17%，成交总金额为43,744,741元（不含交易费用等）。本 次增持后，海南江恒持有公司股份42,374,200股，占公司总股本的比例为28.67%，占剔除公司回购专用 账户中的股份数量后总股本的比例为28.92%，变动触及1%的整数倍。本次增持计划尚未实施完毕，海 南江恒将继续实施增持计划。 ...

证券代码：002899 证券简称：英派斯 公告编号：2025-050 青岛英派斯健康科技股份有限公司 关于控股股东增持公司股份触及 1%整数倍的公告 控股股东海南江恒实业投资有限公司保证向本公司提供的信息内容真实、 准确、完整，没有虚假记载、误导性陈述或重大遗漏。 本公司及董事会全体成员保证公告内容与信息披露义务人提供的信息一 致。 一、增持计划基本情况 公司于近日收到海南江恒出具的《关于增持青岛英派斯健康科技股份有限公 司股份触及 1%整数倍的告知函》，海南江恒于 2025 年 12 月 17 日至 2025 年 12 月 26 日期间通过集中竞价的方式累计增持公司股份 1,712,200 股，占公司总股本 的比例为 1.16%，占剔除公司回购专用账户中的股份数量后总股本的比例为 1.17%，成交总金额为 43,744,741 元（不含交易费用等）。本次增持后，海南江 恒持有公司股份 42,374,200 股，占公司总股本的比例为 28.67%，占剔除公司回 购专用账户中的股份数量后总股本的比例为 28.92%，变动触及 1%的整数倍。本 次增持计划尚未实施完毕，海南江恒将继续实施增持计划。 三、股东权益变 ...

Group 1 - The controlling shareholder, Hainan Jiangheng, announced a shareholding increase plan to acquire between 600 million to 1.2 billion yuan worth of company shares from December 10, 2025, to June 9, 2026 [1] - From December 17 to 26, Hainan Jiangheng cumulatively increased its holdings by 1.7122 million shares, representing 1.16% of the total share capital, with a transaction amount of 43.7447 million yuan [1] - Following this increase, Hainan Jiangheng's shareholding rose to 28.67%, with the change reaching a 1% integer multiple, while the increase plan remains incomplete [1]

Core Viewpoint - The stock of Qingdao Inpace Health Technology Co., Ltd. has shown a significant increase in price and trading activity, indicating positive market sentiment despite a decline in revenue and net profit for the year [1][2]. Group 1: Stock Performance - On December 24, Inpace's stock rose by 2.04%, reaching 25.98 CNY per share, with a trading volume of 45.87 million CNY and a turnover rate of 1.22%, resulting in a total market capitalization of 3.84 billion CNY [1]. - Year-to-date, Inpace's stock price has increased by 16.26%, with a 7.58% rise over the last five trading days, 9.62% over the last 20 days, and 27.29% over the last 60 days [1]. - The company has appeared on the "Dragon and Tiger List" once this year, with the most recent occurrence on April 14 [1]. Group 2: Financial Performance - For the period from January to September 2025, Inpace reported a revenue of 856 million CNY, a year-on-year decrease of 4.53%, and a net profit attributable to shareholders of 50.75 million CNY, down 41.88% year-on-year [2]. - Cumulative cash dividends since the A-share listing amount to 56.19 million CNY, with 28.95 million CNY distributed over the past three years [3]. Group 3: Shareholder Information - As of September 30, 2025, the number of shareholders for Inpace is 14,800, a decrease of 24.69% from the previous period, while the average number of circulating shares per person has increased by 32.78% to 10,016 shares [2]. - Among the top ten circulating shareholders, new entrants include Minsheng Jia Yin Continuous Growth Mixed A and Yin Hua Quality Consumption Stock A, with respective holdings of 1.36 million shares and 803,400 shares [3].

Group 1 - The stock price of Inspur (002899) closed at 25.46 yuan on December 23, 2025, down by 2.08%, with a turnover rate of 2.94%, a trading volume of 43,400 shares, and a transaction amount of 112 million yuan [1] - On December 23, 2025, the net inflow of main funds was 2.506 million yuan, indicating a positive short-term attitude from major investors [3] - Retail investors saw a net inflow of 512,400 yuan, while speculative funds experienced a net outflow of 3.0184 million yuan [1][3] Group 2 - Pacific Securities conducted a training session on December 11, 2025, for key personnel of Inspur, focusing on the revised rules for listed companies and changes in shareholder and executive reduction regulations [1][3] - A regular on-site inspection by Pacific Securities from December 10 to December 12, 2025, confirmed that the company's governance system is compliant, information disclosure is complete, and no major issues were found [1][3] - The inspection also verified that the company’s cash dividend policy is being executed properly and that shareholders and executives have fulfilled their commitments [1]

英派斯所属申万行业为：轻工制造-文娱用品-娱乐用品。所属概念板块包括：基金重仓、增持回购、智 能眼镜、体育产业、小盘等。 截至9月30日，英派斯股东户数1.48万，较上期减少24.69%；人均流通股10016股，较上期增加32.78%。 2025年1月-9月，英派斯实现营业收入8.56亿元，同比减少4.53%；归母净利润5075.05万元，同比减少 41.88%。 12月23日，英派斯盘中下跌2.08%，截至14:28，报25.46元/股，成交1.00亿元，换手率2.64%，总市值 37.63亿元。 资金流向方面，主力资金净流入406.36万元，特大单买入357.50万元，占比3.56%，卖出899.72万元，占 比8.96%；大单买入3160.81万元，占比31.49%，卖出2212.23万元，占比22.04%。 英派斯今年以来股价涨13.94%，近5个交易日涨8.16%，近20日涨8.66%，近60日涨21.47%。 今年以来英派斯已经1次登上龙虎榜，最近一次登上龙虎榜为4月14日。 资料显示，青岛英派斯健康科技股份有限公司位于山东省青岛市崂山区秦岭路18号国展财富中心3号楼7 层，成立日期2004年6月 ...

Investment Rating - The report maintains a "Recommendation" rating for the consumer services industry, anticipating that the industry index will outperform the benchmark index by more than 5% in the next 3-6 months [42]. Core Insights - The official launch of the Hainan Free Trade Port's full island closure policy is expected to significantly boost the tourism and hotel sectors, leading to a surge in market expectations for Hainan tourism. There has been a substantial year-on-year increase in flight and hotel bookings for the New Year and Spring Festival holidays, particularly in Sanya, where the demand for cross-year travel is notably high. The hotel and tourism sectors have shown strong performance, leading the consumer services industry, reflecting positive market expectations for the long-term benefits of the closure policy [4][34]. - The report identifies several key investment opportunities, including hotels with balanced supply and demand, human resource services with clear industry trends, the duty-free sector benefiting from new policies, and internet platforms integrating online and offline operations [4]. Industry Basic Data - The consumer services industry consists of 55 listed companies with a total market capitalization of 498.804 billion yuan and a circulating market capitalization of 457.081 billion yuan [1]. Market Performance - The consumer services industry experienced a weekly increase of 2.66%, outperforming the overall A-share market, which saw a decline of 0.15%. The CSI 300 index also fell by 0.28%, while the consumer services index rose by 3.76% [7][24]. - The report highlights that the hotel sector saw a weekly increase of 2.70%, while the tourism and scenic areas sector increased by 3.42% [18]. Notable Announcements - Key announcements include a report from Beijing Human Resources showing a shareholding reduction by a major shareholder and a significant increase in revenue and net profit for China Education Holdings [30][32].

| 保荐机构名称：太平洋证券股份有限公司 被保荐公司简称：英派斯 | | | --- | --- | | 保荐代表人姓名：欧阳凌 联系电话：010-88321821 | | | 保荐代表人姓名：张兴林 联系电话：010-88321821 | | | 现场检查人员姓名：欧阳凌、张兴林 | | | 年度 现场检查对应期间：2025 | | | 年 月 年 日 现场检查时间：2025 12 10 日-2025 12 12 | 月 | | 一、现场检查事项 现场检查意见 | | | （一）公司治理 是 否 不适用 | | | 现场检查手段：查阅公司章程、公司治理的相关规章制度、"三会"会议资料及信息披露 | | | 文件，访谈管理层等。 | | | 1.公司章程和公司治理制度是否完备、合规 √ | | | 2.公司章程和三会规则是否得到有效执行 √ | | | 3.三会会议记录是否完整，时间、地点、出席人员及会议内容等要件是 √ | | | 否齐备，会议资料是否保存完整 | | | 4.三会会议决议是否由出席会议的相关人员签名确认 √ | | | 5.公司董监高是否按照有关法律法规和本所相关业务规则履行职责 √ | ...