上海君澜律师事务所 关于江苏金陵体育器材股份有限公司 2024 年度股东大会的法律意见书 致：江苏金陵体育器材股份有限公司 根据《中华人民共和国公司法》（以下简称"《公司法》"）、《中华人民 共和国证券法》、《上市公司股东会规则》（以下简称"《股东会规则》"）等 法律、法规、规章、规范性文件及《江苏金陵体育器材股份有限公司章程》（以 下简称"《公司章程》"）的规定，上海君澜律师事务所（以下简称"本所"） 接受江苏金陵体育器材股份有限公司（以下简称"公司"）的委托，指派本所律 师对公司2024年度股东大会（以下简称"本次股东大会"）进行见证，并就本次 股东大会的召集、召开程序及表决程序、表决结果等事项出具本法律意见书。 本法律意见书仅供本次股东大会之目的使用。本所律师同意将本法律意见书 随公司本次股东大会其他信息披露资料一并公告。 本所律师按照律师行业公认的业务标准、道德规范和勤勉尽责的精神，对本 次股东大会所涉及的有关事项和相关文件进行了必要的核查和验证，现出具法律 意见如下： 一、 本次股东大会的召集、召开程序 1.1 本次股东大会由公司董事会召集。 公司董事会于 2025 年 4 月 21 日召开第七届董 ...

Core Viewpoint - The Chinese community sports industry has entered a new stage of high-quality development, characterized by accelerated facility network formation, innovative service model upgrades, and deep integration of the industrial ecosystem. The dual drivers of policy dividends and consumption upgrades have led to increased investment activity in the industry, with an expected investment amount of 19.596 billion yuan in 2024, representing a year-on-year growth of 14.73% [1][13]. Industry Overview - Community sports primarily serve community residents, utilizing community spaces and resources to organize sports activities that meet fitness needs, promote physical and mental health, and enhance community cohesion. It can be categorized into fitness-oriented, competition-oriented, and comprehensive service community sports [2]. Industry Development History - The development of the Chinese community sports industry has gone through four stages: 1. Spontaneous formation (1986-1995) 2. Government promotion (1995-1997) 3. Accelerated development (1997-2008) 4. Rapid development (2008-present) [4][5][6]. Industry Status - The community sports industry is experiencing high-quality development, with significant features such as accelerated facility network formation, innovative service model upgrades, and deep industrial ecosystem integration. The government has emphasized building a higher-level public service system for national fitness [13]. Industry Chain - The upstream of the community sports industry chain includes sports venue and facility construction, sports goods and equipment manufacturing, event IP and content production, and professional talent training. The midstream focuses on community sports service operations, while the downstream serves community residents and sports enthusiasts [8][9]. Key Enterprises - The competitive landscape of the community sports industry is characterized by the coexistence of diverse entities and gradually increasing market concentration. Leading companies like Zhongti Industry and Lisheng Sports leverage their financial and resource advantages to expand market share through brand chains and digital platforms [15][17]. Industry Development Trends 1. **Policy and Technology Dual Drive**: The community sports industry is accelerating towards smart and digital directions, with government policies promoting the construction of digital fitness service platforms and integrating advanced technologies like AI and IoT [21]. 2. **Diversified Service Scenarios**: Community sports services are evolving from single fitness functions to a composite ecosystem that includes health management, social interaction, and commerce, driven by rising health demands [22]. 3. **Market Penetration and Regional Balance**: Policies are increasingly favoring third- and fourth-tier cities and rural areas, becoming new growth points for the community sports industry, with a goal of achieving over 95% coverage of community sports facilities by 2025 [23].

Group 1: Company Overview and Strategy - Since its listing, the company has actively positioned itself in the sports industry, focusing on strengthening its brand and expanding both horizontally and vertically within the sports sector [2][3] - The company aims to enhance its sports consumption services and create a brand matrix for urban sports, targeting the development of a century-old national sports brand [2][3] Group 2: Industry Outlook - The Chinese sports industry is expected to grow significantly, with the government aiming for the sports sector to become a pillar of the national economy by 2035, increasing its GDP contribution from 1.0% in 2020 to 4% [3] - The total scale of the national sports industry is projected to reach 5 trillion yuan, indicating substantial market potential [3] Group 3: Recent Performance and Challenges - The company experienced a decline in sales due to a lack of major events, which significantly reduced event service revenue [5] - The number of events held in 2023 decreased compared to the previous year, impacting overall performance [6] Group 4: Future Growth Drivers - The company is exploring growth opportunities in the 2C business model, focusing on enhancing sports consumption services and event services [4][6] - Leveraging its reputation from past large-scale events, the company aims to expand its domestic and international event service projects to increase revenue [6]

Core Viewpoint - Jinling Sports reported a significant decline in revenue and net profit for the fiscal year 2024, attributing the downturn to a sluggish market economy and a decrease in event-related sales [1][2] Financial Performance - In 2024, the company achieved an operating income of 374 million yuan, a year-on-year decrease of 27.30% [1] - The net profit attributable to shareholders was 2.676 billion yuan, reflecting a year-on-year decline of 60.42% [1] - The net profit after deducting non-recurring items was 491.16 million yuan, with a decline rate of 88.97% [1] Business Strategy and Future Outlook - The company is focusing on stabilizing its existing business while gradually realizing the value of new business segments [2] - Jinling Sports is addressing underperforming projects and enhancing the synergy among its joint ventures [2] - The company aims to capitalize on the recovery of sports events and consumer spending, particularly in sports equipment manufacturing, sports information technology, and sports consumption services [2] - Jinling Sports plans to develop a brand matrix for sports consumption, targeting the establishment of a century-old national sports brand for China [2] - The company is exploring growth points in the 2C business model while maintaining its 2B operations, focusing on horizontal expansion of sports equipment products and vertical integration of the sports industry chain [2]

证券代码：300651 证券简称：金陵体育 债券代码：123093 债券简称：金陵转债 江苏金陵体育器材股份有限公司 投资者关系活动记录表 虽然目前我国体育产业市场规模发展迅速，但是相比主要发达 国家，行业增加值占 GDP 的比重仍处低位，2020 年我国体育产业占 GDP 比例为 1.0%，远低于美、日、法等国 3%-4%的水平。体育强国 建设纲提出我国力争到 2035 年将体育产业发展成为国民经济支柱性 产业，随着未来我国居民收入继续增加，我国体育产业占 GDP 比重 会达到 4%水平，全国体育产业总规模达到 5 万亿元。这让我们更加 坚定了向前发展的信心。体育器材行业的市场需求会继续保持稳定 增长，国内体育产业仍有明显的市场空间。 2025 年 4 月 11 日中国人民银行、体育总局、金融监管总局、中 国证监会等四部门联合印发《关于金融支持体育产业高质量发展的 指导意见》,《意见》明确指出纵深推进金融供给侧结构性改革，加 快构建适应体育产业发展、多层次、广覆盖的金融产品和服务体系， 持续丰富体育领域金融资源供给，切实提升金融支持体育产业发展 的能力和水平。 除了公司原有 2B 的业务也在积极研究 2C ...

江苏金陵体育器材股份有限公司 第七届监事会第二十四次会议决议公告 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。 一、监事会会议召开情况 2025 年 4 月 24 日，江苏金陵体育器材股份有限公司第七届监事会第二十四 次会议以现场表决的方式在公司会议室举行，会议通知于 2025 年 4 月 13 日以电 话方式发出。应出席会议的监事 3 人，实际出席会议的监事 3 人，会议由公司监 事会主席顾京先生主持。 本次监事会会议的召集、召开和表决程序符合《公司法》等法律、法规及《公 司章程》的有关规定，合法有效。 二、监事会会议审议情况 | 证券代码：300651 | 证券简称：金陵体育 公告编号：2025-033 | | --- | --- | | 债券代码：123093 | 债券简称：金陵转债 | 1.审议通过《关于审议<江苏金陵体育器材股份有限公司 2025 年第一季度 报告>的议案》 具体内容详见刊载在巨潮资讯网（www.cninfo.com.cn）的《江苏金陵体育 器材股份有限公司 2025 年第一季度报告》。 上述议案，同意 3 名，反对 0 名，弃权 ...

| 证券代码：300651 | 证券简称：金陵体育 公告编号：2025-032 | | --- | --- | | 债券代码：123093 | 债券简称：金陵转债 | 江苏金陵体育器材股份有限公司 1.审议通过《关于审议<江苏金陵体育器材股份有限公司 2025 年第一季度 报告>的议案》 具体内容详见刊载在巨潮资讯网（www.cninfo.com.cn）的《江苏金陵体育 器材股份有限公司 2025 年第一季度报告》。 上述议案，同意 7 名，反对 0 名，弃权 0 名。符合《公司法》的规定，议案 审议通过。 上述议案，不需提交股东大会审议。 三、备查文件 第七届董事会第二十九次会议决议公告 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、董事会会议召开情况 2025 年 4 月 24 日，江苏金陵体育器材股份有限公司第七届董事会第二十九 次会议以现场表决的方式在公司会议室举行，会议通知于 2025 年 4 月 13 日以电 话方式发出。应出席会议的董事 7 人，实际出席会议的董事 7 人，公司监事和高 管列席了本次董事会，会议由公司董事长李春荣先生主持。 ...

一、主要会计数据和财务指标 | 名称 | 持有数量(万股) | 占总股本比例 | 增减情况(万 | | --- | --- | --- | --- | | | | (%) | 股) | | 施美华 | 337.20 | 4.50 | 不变 | | 谢晓兵 | 149.01 | 1.99 | 不变 | | 刘辉 | 75.25 | 1.00 | 新进 | | 陈峰 | 60.52 | 0.81 | 12.52 | | MORGAN STANLEY & CO. INTERNATIONAL PLC. | 60.22 | 0.80 | 19.56 | | 周泳 | 49.39 | 0.66 | 不变 | | BARCLAYS BANK PLC | 47.09 | 0.63 | 新进 | | 高盛公司有限责任公司 | 41.47 | 0.55 | 新进 | | 朱伟 | 41.22 | 0.55 | 新进 | | 李飞 | 39.82 | 0.53 | 0.44 | | 较上个报告期退出前十大股东有 | | | | | 朱玲 | 37.45 | 0.50 | 退出 | | 赵海洋 | 37.05 | 0.49 | 退出 ...

Financial Performance - The company's operating revenue for Q1 2025 was ¥51,691,649.12, a decrease of 26.09% compared to ¥69,934,733.38 in the same period last year[6] - The net profit attributable to shareholders was a loss of ¥1,693,933.47, representing a decline of 159.82% from a profit of ¥2,831,513.40 in the previous year[6] - The net cash flow from operating activities was negative at ¥40,978,932.43, which is an increase in loss of 84.25% compared to a loss of ¥22,241,046.11 in the same period last year[6] - The basic earnings per share decreased to -¥0.01, down 150.00% from ¥0.02 in the previous year[6] - Net profit for Q1 2025 was a loss of ¥2,909,143.55, compared to a profit of ¥2,894,572.63 in the previous year, indicating a significant decline[22] - The company reported an operating profit of -¥2,458,195.33, compared to an operating profit of ¥2,716,513.72 in the previous year[22] Assets and Liabilities - Total assets at the end of the reporting period were ¥1,270,388,885.57, a decrease of 2.32% from ¥1,300,510,978.21 at the end of the previous year[6] - The company reported a total current assets of RMB 812,674,945.49 as of March 31, 2025, a slight decrease from RMB 817,558,858.89 at the beginning of the period[17] - Total liabilities decreased to ¥435,785,558.80 from ¥462,998,507.89, a decline of 5.9%[19] - The equity attributable to shareholders decreased to ¥820,951,399.51 from ¥822,645,332.98, a slight decrease of 0.2%[19] Cash Flow - The cash flow statement indicates a need for improved cash management strategies moving forward[23] - Operating cash inflow for the current period was $106,099,444.24, an increase of 9.4% from $97,190,029.48 in the previous period[24] - Operating cash outflow for the current period was $147,078,376.67, up from $119,431,075.59, resulting in a net cash flow from operating activities of -$40,978,932.43, compared to -$22,241,046.11 previously[24] - The ending cash and cash equivalents balance decreased to $123,748,833.70 from $272,198,779.64, reflecting a net decrease of $86,343,659.04[25] Shareholder Information - The number of ordinary shareholders at the end of the reporting period was 9,359[11] - The top three shareholders held a combined 55.28% of the company's shares, with the largest shareholder holding 19.93%[12] Research and Development - The company's research and development expenses decreased by 40.05% to ¥3,154,464.48 from ¥5,261,440.47 in the previous year[10] - Research and development expenses were ¥3,154,464.48, down from ¥5,261,440.47, a decrease of 40.0%[21] Investments and Acquisitions - The company approved the transfer of 65% equity in Zhangjiagang Jinling Education Industry Co., Ltd. for RMB 11.66855 million[14] - The company agreed to acquire 35% equity in Suzhou Jinling Gongchuang Sports Equipment Co., Ltd. for RMB 4 million[15] - The investment income increased by 34.27% to ¥3,065,377.34 from ¥2,282,918.10 in the previous year[10] Inventory and Current Assets - The company's inventory increased to RMB 191,095,250.79, up from RMB 177,361,231.55, reflecting a growth of about 7.7%[17] - Cash and cash equivalents decreased to RMB 123,748,833.70 from RMB 210,092,492.74, indicating a decline of approximately 41.0%[17] - The accounts receivable slightly decreased to RMB 66,924,323.68 from RMB 68,951,025.32, a reduction of about 2.9%[17] - Long-term equity investments decreased to RMB 65,843,184.41 from RMB 76,883,640.91, representing a decline of approximately 14.4%[17] - The total trading financial assets increased to RMB 368,108,659.96 from RMB 312,374,667.53, marking an increase of approximately 17.9%[17] Employee Compensation - Employee compensation payments decreased to $22,540,529.39 from $24,358,486.83, suggesting potential cost management strategies[24] Financial Reporting - The first quarter report was not audited, which may impact the perception of financial reliability[26] - The company’s total liabilities and equity structure will be detailed in the upcoming financial reports[16] - Total operating costs decreased to ¥59,996,965.24 from ¥71,409,229.72, reflecting a reduction of 16.0%[21]

2025年4月22日，金陵体育（300651）(300651.SZ)发布2024年年报。报告显示，公司营业总收入为3.74 亿元，同比下降27.30%；归属净利润为2676.11万元，同比下降60.42%；扣非净利润为491.16万元，同 比下降88.97%。这是金陵体育自2017年上市以来，首次出现如此大幅度的业绩下滑。公司主要业务包 括体育装备、场馆设施集成、运动健康、体育信息与赛事服务等，尽管在行业内拥有较高的品牌知名度 和技术优势，但2024年的经营状况显然不容乐观。 一、营收与利润大幅下滑，市场竞争加剧 运动健康和体育信息服务是金陵体育近年来重点发展的新兴业务，但2024年这两项业务的收入也未能达 到预期。运动健康收入同比下降18.45%，体育信息服务收入同比下降25.67%。这表明，尽管公司在这 些领域进行了大量投入，但市场接受度和盈利能力仍有待提升。 三、研发投入减少，未来增长动力不足 市场竞争的加剧是导致金陵体育业绩下滑的主要原因之一。随着体育产业的快速发展，越来越多的企业 进入这一领域，导致市场竞争日益激烈。金陵体育虽然在品牌和技术上具有一定优势，但在价格战和市 场份额争夺中，显然未能有效应 ...