三夫户外：张恒累计质押股数约为905万股

Group 1 - The core point of the news is that Sanfu Outdoor has announced that Zhang Heng has pledged approximately 9.05 million shares, accounting for 27.7% of his total holdings [1] - As of the announcement date, Sanfu Outdoor's revenue composition for the first half of 2025 is 95.93% from outdoor products and 4.07% from outdoor services [1] Group 2 - Sanfu Outdoor's market capitalization is reported to be 2.3 billion yuan [2] - The Chinese innovative drug sector has seen overseas licensing sales reach 80 billion USD this year, indicating a hot secondary market for biomedicine [2]