Investment Rating - The investment rating for the company is "Buy-A" with a target price of 27.02 CNY, indicating a potential upside from the current price of 23.30 CNY [3][10][12]. Core Insights - The company is entering the AI glasses market through a strategic partnership with Li Weike, aiming to create a new growth curve by developing smart sports equipment tailored for vertical scenarios like cycling and fitness [1][2]. - The AI glasses market shows significant growth potential, with global shipments expected to reach 12.05 million units by 2025, representing an 18.3% year-on-year increase [2]. - The company has established a comprehensive sales network across 34 provincial-level administrative regions in China, focusing on both commercial and home fitness equipment [3][6]. - The company has successfully penetrated international markets with its IMPULSE brand and is also engaged in OEM/ODM production for well-known fitness brands [3][6]. Financial Performance - For the fiscal year ending December 31, 2024, the company reported revenues of 1.214 billion CNY, with a year-on-year growth of 35.58% [7][8]. - The company expects revenues to grow to 1.325 billion CNY in 2025, with a projected year-on-year increase of 9.16% [8][12]. - The net profit for 2025 is estimated to be 114 million CNY, reflecting a growth of 4.57% compared to the previous year [8][12]. Market Position and Strategy - The company is positioned as a leading player in the domestic fitness equipment industry, leveraging its strengths in product development and market reach to capitalize on emerging trends in smart fitness technology [2][10]. - The partnership with Li Weike is expected to enhance the company's capabilities in the consumer-grade AI hardware market, creating synergies through a "hardware + service" business model [2][10]. - The company aims to maintain a stable growth trajectory in its commercial product segment, with expected revenue growth rates of 7.16% to 15.09% from 2025 to 2027 [9][12].

Investment Rating - The report maintains a positive outlook on the smart glasses industry, indicating a robust growth trajectory and recommending attention to key players such as 康耐特光学, 明月镜片, 博士眼镜, and 英派斯 [5][31]. Core Insights - The smart glasses market is experiencing rapid growth, driven by the introduction of AI and AR glasses, with significant potential for long-term expansion [2][6]. - The industry is at a pivotal point where traditional eyewear is evolving, and midstream lens manufacturing and downstream eyewear channels remain crucial [3][7]. - The report highlights the increasing integration of advanced functionalities in smart glasses, which enhances user interaction and expands application scenarios [18][19]. Summary by Sections 1. Smart Glasses: AI and AR Glasses Flourishing - AI glasses, exemplified by Meta's RayBan Meta, have ignited market interest, with significant sales growth expected [24][29]. - AR glasses are evolving with continuous optical solution iterations, broadening their application scope [6][18]. - The market is witnessing a surge in domestic players, with companies like 雷鸟创新, Xreal, and Rokid rapidly developing their product lines [4][6]. 2. Transformation of Traditional Eyewear - The midstream lens manufacturing sector is seeing steady global demand growth, with a shift towards higher-value, functional products [4][7]. - Downstream channels, particularly offline retail, play a vital role in capturing consumer trends and facilitating product development [9][7]. - The report emphasizes the importance of collaboration between smart glasses manufacturers and established eyewear retailers to enhance market penetration [9][7]. 3. Key Companies to Watch - 康耐特光学 is positioned as a leading lens manufacturer, focusing on domestic market growth and XR business opportunities [5][31]. - 明月镜片 is enhancing its product structure and actively engaging in high-growth segments like AI glasses [5][31]. - 博士眼镜 is expanding its retail presence and integrating smart glasses into its service offerings [5][31]. - 英派斯 is diversifying into the AI glasses sector while maintaining steady growth in its core fitness equipment business [5][31].

Core Viewpoint - The AI glasses concept has seen a significant surge, with companies like Zhili Fang experiencing over a 10% increase in stock price following the announcement of Xiaomi's AI glasses launch [1] Group 1: Market Reaction - Zhili Fang's stock rose by more than 10% during the trading session [1] - Other companies in the sector, including Hao Shang Hao, Pinming Technology, and others, also saw their stock prices increase [1] Group 2: Product Launch - Xiaomi officially announced that it will unveil its "next-generation personal smart device," which is the Xiaomi AI glasses, on the evening of June 26 [1] - Rokid Glasses, the world's first mass-produced consumer-grade AI+AR glasses, officially began mass production on June 24, with 250,000 global pre-orders already secured [1] - The Rokid product has achieved a breakthrough in domestic production across the entire supply chain [1]

Group 1 - The A-share football concept stocks experienced a decline at the beginning of trading [1] - Kangliyuan hit the daily limit down [1] - Jinling Sports fell over 8% [1] - Xinghui Entertainment dropped over 5% [1] - Other companies such as Palm Holdings, Yingpais, and Tanuo also saw declines [1]

Core Viewpoint - Qingdao Inpace Health Technology Co., Ltd. has announced its 2024 annual profit distribution plan, which includes a cash dividend of 0.75 yuan per 10 shares for all shareholders, based on a total share capital of 146,540,276 shares after excluding repurchased shares [2][3][6]. Summary by Sections Dividend Distribution Plan - The company will distribute a cash dividend of 0.75 yuan per 10 shares (including tax), totaling 10,990,520.70 yuan (including tax) [2][6]. - The cash dividend per share is calculated as 0.0743622 yuan, derived from the total cash dividend divided by the total share capital [3][10]. Share Capital and Repurchase Impact - The total share capital before and after the dividend distribution remains unchanged, despite the repurchase of 1,256,700 shares, which do not participate in the dividend distribution [4][10]. - The dividend distribution will be based on the adjusted total share capital of 146,540,276 shares [2][6]. Key Dates - The record date for the dividend distribution is set for June 11, 2025, and the ex-dividend date is June 12, 2025 [6][7]. Dividend Payment Method - Cash dividends will be directly credited to the accounts of A-share shareholders through their respective securities companies on the ex-dividend date [8]. - The company will handle the distribution of cash dividends for certain A-share shareholders who may have insufficient dividends due to account share reductions during the application period [9]. Taxation Details - The company will not withhold individual income tax for certain shareholders, with tax obligations calculated based on the holding period of the shares [6][10].

证券代码：002899 证券简称：英派斯 公告编号：2025-026 一、股东大会审议通过权益分派方案情况 1、公司 2024 年年度股东大会审议通过的 2024 年度利润分配方案为：以公 司现有总股本 147,796,976 股剔除已回购股份 1,256,700 股之后的 146,540,276 股 为基数，向全体股东每 10 股派发现金红利 0.75 元（含税），不以公积金转增股 本，不送红股。 2、自分配方案披露至实施期间，公司股本总额未发生变化。 青岛英派斯健康科技股份有限公司 2024 年年度权益分派实施公告 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。 特别提示： 1、根据《深圳证券交易所上市公司自律监管指引第 9 号-回购股份》的相关 规定，青岛英派斯健康科技股份有限公司（以下简称"公司"）回购专用证券账 户持有的公司股份 1,256,700 股不享有参与权益分派的权利。公司根据"按照分 配总额不变的原则对现金分红比例进行调整"，以公司现有总股本 147,796,976 股剔除已回购股份 1,256,700 股后的 146,540,276 股为 ...

Group 1 - The "Su Super League" has gained significant popularity, with average attendance surpassing 10,000 during the Dragon Boat Festival, and over 180,000 fans attending matches across various cities [1][2] - The league has revitalized over 30 professional stadiums in Jiangsu province, enhancing their utilization and maximizing resource value [2] - The economic impact of the "Su Super League" extends beyond traditional sports events, driving ticket sales, dining, and accommodation demand [1] Group 2 - Jinling Sports produces products including goals and protective shelters for football fields [3] - Gongchuang Turf specializes in artificial turf products for sports and leisure, known for high durability and performance [3] - Xinghui Entertainment holds a 99.61% stake in the Espanyol football club, making it the first A-share listed company to control a top European league club [3] - Zhongti Industry is the only listed platform within the National Sports Administration and is involved in sports lottery terminal sales [3] - Lehman Optoelectronics has extensive experience in providing LED products and services for football matches, serving as the official supplier for the China League [3] - Inpai Sports has developed movable football field facilities to address the shortage of sports venues, emphasizing safety and ease of assembly [3] - Shuangxiang Co. is a leader in the ecological leather market, with over 70% market share in the mid-to-high-end football leather segment [3] - Aotuo Electronics provides LED display equipment and related services for the Chinese national football team [3]

Group 1 - The A-share ice and snow industry continues to rise, with companies like Ice Mountain Cold and Yuanlong Yatu both hitting the daily limit up [1] - Xue Ren Co. has seen an increase of over 7%, indicating strong market interest [1] - Other companies such as Shuhua Sports, Zhongti Industry, and Yingpais are also experiencing upward movement in their stock prices [1]

二、股东股份质押基本情况 ■ 本次质押股份不存在负担重大资产重组等业绩补偿义务。 三、股东股份累计质押情况 登录新浪财经APP 搜索【信披】查看更多考评等级 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。 青岛英派斯健康科技股份有限公司（以下简称"公司"）近日接到公司控股股东海南江恒实业投资有限公 司（以下简称"海南江恒"）通知，获悉海南江恒将所持有的本公司部分股份提前购回解除质押并再质 押，具体事项如下： 一、股东股份解除质押的基本情况 ■ 五、备查文件 1.中国证券登记结算有限责任公司证券质押及司法冻结明细表； 2.《联储证券股份质押式回购交易协议书（提前购回）》； 3.《股票质押式回购交易协议书（两方）》； 截至公告披露日，海南江恒所持质押股份情况如下： ■ 注：本公告中"持股比例"、"占公司总股本比例"均未剔除公司回购专用账户中的股份数。 四、其他情况说明 控股股东海南江恒质押的股份目前不存在平仓风险，不存在影响公司生产经营、公司治理的情形，也不 会导致其控制权发生变更。公司将持续关注控股股东的股份质押及质押风险情况，并按相关规定及时履 行信息披露义务 ...

证券代码：002899 证券简称：英派斯 公告编号：2025-025 青岛英派斯健康科技股份有限公司 关于控股股东部分股份提前购回解除质押及再质押的公告 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。 青岛英派斯健康科技股份有限公司（以下简称"公司"）近日接到公司控股 股东海南江恒实业投资有限公司（以下简称"海南江恒"）通知，获悉海南江恒 将所持有的本公司部分股份提前购回解除质押并再质押，具体事项如下： 二、股东股份质押基本情况 | | | | | | | 是 | | | | | | | | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | | | | | | | | 否 | | | | | | | | | 是否为控股 股东或第一 | 本次质 | 占其所 持股份 | 占公司总 | 是否 | 为 | 质押起 | | 质押 | | | | | 股东名称 | | 押数量 | | 股本比例 | 为限 | 补 | | | 到期 | | 质权人 | 质押用途 | | ...