Group 1 - Company Inpaiss (002899) announced a partnership with Shenzhen Guarantee Group, Shenzhen Guangming Science City Industrial Development Group, and Shenzhen Sports Industry Group to establish a technology sports industry investment fund with a scale of 100 million RMB [2] - The fund will primarily invest in areas such as artificial intelligence and data analysis applications, high-end sports equipment and smart fitness devices, the metaverse and virtual events, and digital culture and entertainment [2] - Inpaiss will participate as a limited partner in this equity investment fund, with specific investment amounts and details to be determined in a subsequent formal agreement [2] Group 2 - Inpaiss was established on June 23, 2004, with a registered capital of 1,477.97 million RMB, and is headquartered in Jimo City, Shandong Province [2] - The company has 1,669 employees and is controlled by Ding Lirong, with Liu Hongtao serving as the chairman [3] - Inpaiss has 17 subsidiaries, including Beijing Inpaiss Sports Technology Co., Ltd. and Qingdao Inpaiss Health Development Co., Ltd. [3] Group 3 - For the fiscal years 2024 to Q2 2025, Inpaiss reported revenues of 1.214 billion RMB, 291 million RMB, and 574 million RMB, representing year-on-year growth of 35.58%, 21.91%, and 0.47% respectively [3] - The net profit attributable to the parent company for the same periods was 109 million RMB, 14.19 million RMB, and 31.67 million RMB, with year-on-year growth rates of 23.77%, 2.19%, and a decline of 38.09% [3] - The company's asset-liability ratios for the same periods were 42.37%, 40.68%, and 39.86% [3]

Group 1 - The core point of the article is that Yingpais (002899.SZ) announced a collaboration with Shenzhen Guarantee Group, Shenzhen Guangming Science City Industrial Development Group, and Shenzhen Sports Industry Group to establish a technology sports industry investment fund with a scale of 100 million yuan [1] - The investment cooperation aims to enhance the company's industry influence and market competitiveness, supporting its strategic development through deep integration of industry and finance [1] - The funding for the investment will come from the company's own funds, and the company will participate as a limited partner in the investment fund [1] Group 2 - The signed cooperation agreement is a preliminary framework document, and there is uncertainty regarding whether a formal agreement will be signed and if the final transaction can be completed [1] - The investment will follow the practices of private equity fund operations, selecting investment targets with core technologies and commercial monetization capabilities based on market-oriented and commercial principles [1] - The potential impact on the company's operations and financial status remains uncertain at this stage [1]

Core Viewpoint - The company aims to enhance its industry influence and market competitiveness by establishing a technology sports industry investment fund in collaboration with Shenzhen Guarantee Group, Guangming Science City Industrial Development Group, and Shenzhen Sports Industry Group, with a total scale of 100 million yuan [1] Group 1 - The investment fund will focus on selecting investment targets with core technologies and commercial monetization capabilities, adhering to market-oriented and commercial principles [1] - The funding for this investment will come from the company's own funds, and the company will participate as a limited partner in the investment fund [1] - The signed cooperation agreement is a preliminary framework document, and there is uncertainty regarding the signing of a formal agreement and the completion of the transaction [1]

Group 1 - The company Yingpais plans to establish a technology sports industry investment fund in collaboration with Shendan Group, Guangming Kefa, and Tichan Group, with a total scale of 100 million yuan [1] - The company Meiliyun's major shareholder, Zhongye Paper Industry, will have 1% of its shares subjected to judicial enforcement, which will take place from September 11, 2025, to October 9, 2025 [1]

Group 1 - The company announced a collaboration with Shenzhen Guarantee Group Co., Ltd., Shenzhen Guangming Science City Industrial Development Group Co., Ltd., and Shenzhen Sports Industry Group Co., Ltd. to establish a technology sports industry investment fund with a scale of 100 million yuan [1] - The investment focus of the fund will primarily revolve around artificial intelligence and data analysis applications, high-end sports equipment and smart fitness devices, the metaverse and virtual events, as well as digital culture and entertainment [1]

Core Viewpoint - The company has signed a fund cooperation agreement with Shenzhen Guarantee Group Co., Ltd., Shenzhen Guangming Science City Industrial Development Group Co., Ltd., and Shenzhen Sports Industry Group Co., Ltd. to establish a technology sports industry investment fund with a scale of 100 million yuan [1] Group 1 - The company will participate as a limited partner in the fund, with specific investment amounts and timing to be determined in a formal agreement [1] - The collaboration aims to enhance the company's industry influence and market competitiveness, supporting strategic development and strengthening the integration of industry and finance [1]

证券代码：002899 证券简称：英派斯 公告编号：2025-036 青岛英派斯健康科技股份有限公司 关于签署基金合作协议的公告 1．本次签署的合作协议仅为拟投资各方初步达成的框架性协议，该框架性 协议签署后是否签署正式协议以及最终交易能否达成尚存在不确定性，亦暂时无 法预计对公司业绩可能造成的影响。敬请投资者理性投资，审慎决策，注意投资 风险。 2．本次公司拟仅作为有限合伙人参与投资基金，上述合作协议签署后涉及 的后续事宜，公司将按照《中华人民共和国公司法》《深圳证券交易所股票上市 规则》等有关法律法规、规范性文件及《青岛英派斯健康科技股份有限公司章程》 （以下简称《公司章程》）的相关规定，及时履行相应决策程序和信息披露义务。 3．基于本次签署的合作协议，预计涉及的交易事项不构成关联交易或《上 市公司重大资产重组管理办法》规定的重大资产重组。 一、合作协议概述 为进一步提升青岛英派斯健康科技股份有限公司（以下简称"公司"）的行 业影响力和市场竞争力，助力公司战略发展，加强产融资本深度融合，公司与深 圳担保集团有限公司（以下简称"深担集团"）、深圳市光明科学城产业发展集 团有限公司（以下简称"光明科发"）以及 ...

Group 1 - The Shenzhen Technology Sports Industry Fund has been officially established to integrate high-quality enterprises in the sports industry chain [1] - The fund will focus on investments in cutting-edge fields such as artificial intelligence and data analysis, high-end smart sports equipment, metaverse and virtual events, and digital cultural entertainment [1] - The establishment of the fund involves collaboration between Qingdao Inspur Health Technology Co., Ltd., Shenzhen Guarantee Group Co., Ltd., Shenzhen Sports Industry Group Co., Ltd., and Shenzhen Guangming Science City Industrial Development Group Co., Ltd. [1] Group 2 - The Vice Chairman and Secretary-General of the China Sporting Goods Industry Federation, Roger, stated that the sports industry has become a "new blue ocean" for the national economy [1] - The development of the industry relies on three driving forces: technological breakthroughs, policy guidance, and consumption upgrades [1]

Investment Rating - The investment rating for the company is "Buy" with a target price not specified [5] Core Views - The company is focusing on deepening its presence in domestic niche markets while exploring emerging consumer demands, alongside optimizing its overseas market strategies [1][2] - The company has reported a revenue of 300 million with a year-on-year decrease of 15% for Q2 2025, and a total revenue of 600 million for the first half of 2025, reflecting a slight increase of 0.5% year-on-year [1] - The overseas sales revenue for the first half of 2025 was 420 million, down 5.68%, accounting for 73.5% of total revenue, while domestic sales increased by 22.65% to 150 million, making up 26.48% of total revenue [1] Financial Performance - The company has adjusted its revenue forecast for 2025-2027 to 1.3 billion, 1.4 billion, and 1.5 billion respectively, with net profits expected to be 90 million, 110 million, and 140 million [4] - The earnings per share (EPS) are projected to be 0.6, 0.8, and 0.9 yuan for the years 2025, 2026, and 2027 respectively, with corresponding price-to-earnings (P/E) ratios of 33, 26, and 21 [4] Market Strategy - The company is actively upgrading its OEM/ODM business strategy to align with the global manufacturing industry's shift towards intelligent transformation, focusing on personalized customer needs [2] - The company is leveraging technological advancements in smart fitness equipment, transforming from a "single exercise tool" to a "health management solution" to meet consumer demands for effective fitness solutions [3] Sales Channels - The company is expanding its online and offline sales channels, focusing on penetrating various market segments including commercial, home, outdoor, and winter sports [3]

Market Overview - The entertainment products sector experienced a decline of 1.14% on September 12, with Jinling Sports leading the drop [1] - The Shanghai Composite Index closed at 3883.69, up 0.22%, while the Shenzhen Component Index closed at 12996.38, up 0.13% [1] Individual Stock Performance - High乐股份 (Code: 002348) closed at 4.00, up 2.83% with a trading volume of 474,700 shares and a transaction value of 188 million [1] - 海伦钢琴 (Code: 300329) closed at 13.11, up 1.00% with a trading volume of 78,100 shares and a transaction value of 103 million [1] - 金陵体育 (Code: 300651) closed at 24.68, down 4.16% with a trading volume of 133,100 shares and a transaction value of 331 million [2] Capital Flow Analysis - The entertainment products sector saw a net outflow of 100 million from institutional investors, while retail investors had a net inflow of 90.34 million [2] - The main capital inflow and outflow for individual stocks showed that 高乐股份 had a net inflow of 31.96 million from institutional investors [3] - In contrast, 金陵体育 experienced a significant net outflow of 33.1 million from institutional investors [3]