Group 1 - The ice and snow industry in China is projected to grow from 381.1 billion yuan in 2020 to 970 billion yuan by 2024, with an average annual growth rate of 26.3% [3] - The number of ice and snow sports venues in China has increased by 417 during the "14th Five-Year Plan" period, resulting in a total of 2,678 venues by the end of 2024, including 1,764 ice rinks (65.87%) and 914 ski resorts (34.13%) [5] - The number of enterprises related to the ice and snow sports industry has reached 18,492 during the 2024-2025 ice and snow season [13] Group 2 - The participation in ice and snow sports among the national population has reached 313 million since the successful hosting of the Beijing Winter Olympics, with a participation rate of 20.61% during the 2024-2025 season [11] - China has developed a comprehensive product system for ice and snow equipment, consisting of 15 major categories, covering the entire industry chain from individual to venue and from competitive sports to mass participation [9]

Core Insights - The "14th Five-Year Plan" marks a significant transformation in China's industrial landscape, with a focus on upgrading traditional industries and promoting emerging sectors [1] Group 1: Ice and Snow Industry Growth - The ice and snow industry scale has increased from 381.1 billion yuan in 2020 to 970 billion yuan by 2024, reflecting an average annual growth rate of 26.3% [3] - By the end of 2024, the total number of ice and snow sports venues in China will reach 2,678, with 1,764 ice skating venues (65.87%) and 914 skiing venues (34.13%) [5] - The number of enterprises related to the ice and snow sports industry has expanded to 18,492 by the 2024-2025 ice and snow season [11] Group 2: Participation and Engagement - Following the successful hosting of the Beijing Winter Olympics, the number of residents participating in ice and snow sports has reached 313 million, with a participation rate of 20.61% for the 2024-2025 season [9] - The variety of ice and snow sports venues has increased, with 417 new venues added during the "14th Five-Year Plan" period [5] Group 3: Equipment and Infrastructure - China has developed a comprehensive product system for ice and snow equipment, encompassing 15 major categories, covering everything from individual gear to venue infrastructure [8] - The utilization rate of permanent venues from the Beijing Winter Olympics has achieved 100%, ensuring smooth transitions from event time to long-term operations [13]

Group 1 - The tourism industry in northern China, particularly in regions like the Arctic Village and Mohe, is experiencing a surge in visitors due to recent snowfall and the onset of winter activities [1][2][3] - Local businesses, including accommodations and restaurants, are adapting their offerings to cater to the winter tourism market, emphasizing unique ice and snow experiences and seasonal cuisine [3][5] - In Xinjiang Altay, ski resorts are preparing for the upcoming snow season by maintaining equipment and enhancing facilities, indicating a proactive approach to attract winter sports enthusiasts [5][6] Group 2 - The Altay region is noted for its favorable snow conditions, with an average annual snowfall exceeding 2 meters, making it an attractive destination for skiing [6] - Ski resorts are implementing comprehensive preparations, including equipment maintenance and facility upgrades, to ensure a smooth experience for visitors in the new snow season [6]

Core Insights - The report indicates that by 2025, China's ice and snow industry scale will exceed 1 trillion yuan, reaching 1005.3 billion yuan [1] - The hosting of the Winter Olympics and Asian Winter Games has significantly driven the development of China's ice and snow tourism policies, venue construction, talent systems, and product operations, leading to rapid growth in the ice and snow industry [1] - The ice and snow economy is expected to become a crucial growth point for domestic consumption in China, presenting development opportunities across the entire industry chain [1] Industry Analysis - According to Jianghai Securities, the upstream segment has seen a gradual replacement of foreign brands by domestic brands in ice and snow equipment, indicating a shift in market dynamics [1] - The midstream segment, particularly in northern scenic areas with abundant ice and snow resources, is anticipated to experience an increase in visitor traffic [1] - Debon Securities highlights that the ice and snow industry, driven by events and policy support, represents a strong growth segment within the tourism industry, with ample growth potential [1] Economic Impact - The development of the ice and snow industry is expected to alleviate the seasonal downturn in winter tourism, thereby smoothing out the cyclical nature of the tourism sector and contributing to winter growth [1]

Core Insights - The 2025 International Winter Sports Expo, celebrating its 10th anniversary, has become the largest and most authoritative ice and snow exhibition globally, showcasing over 500 renowned brands and attracting more than 200 top global guests [1][2] Industry Overview - The global ice and snow economy is experiencing significant growth, with many countries focusing on developing ice and snow tourism resources and promoting a full industry chain [2] - The Chinese government has issued policies to stimulate the ice and snow economy, emphasizing the importance of international cooperation and high-level exchanges [2] Event Highlights - The expo features a total area of nearly 20,000 square meters, with various exhibition zones covering winter technology, national group exhibits, and ice and snow cultural displays [10] - Notable international participation includes representatives from Austria, Italy, Canada, and Finland, highlighting the global nature of the event [1][10] Economic Impact - In the 2023-2024 winter season, China's ice and snow tourism is projected to reach 430 million visitors and generate 524.7 billion yuan in revenue, with expectations of 520 million visitors and over 630 billion yuan in revenue for the current season [4] - The event aims to foster collaboration among enterprises, breaking down industry barriers and promoting resource integration within the ice and snow sector [4][12] Future Prospects - The expo's theme, "Towards the World, Again," signifies a commitment to global cooperation in the ice and snow industry, aiming for advancements in intelligence, sustainability, and internationalization [2][13] - The upcoming 2026 Milan-Cortina Winter Olympics is anticipated to further enhance global interest and investment in winter sports, with China positioned as a leading nation in the sports sector [5]

Core Insights - The winter tourism season in northern China has officially begun, with significant snowfall reported in regions like Xinjiang, Qinghai, and Tibet, attracting tourists and generating excitement for winter activities [1][2] Group 1: Winter Tourism Promotion - The "Hot Snow Xinjiang: Ignite the Silk Road" winter tourism promotion event was held in Beijing, showcasing Xinjiang's winter tourism resources through immersive presentations and various activities [1] - The event aims to enhance cooperation between Xinjiang and Beijing's cultural tourism industries, transforming "cold resources" into a "hot economy" [1][2] Group 2: Regional Highlights - Different regions in Xinjiang presented their unique winter tourism offerings, such as ecological landscapes in Ili, snow sports in Altay, and cultural heritage in Hotan [2] - The promotion included a forecast for winter tourism in Xinjiang, with significant events planned, including the 19th Xinjiang Winter Tourism Industry Expo and the Hot Snow Festival [2] Group 3: Collaborative Efforts - Representatives from Xinjiang's scenic spots and enterprises engaged in discussions with Beijing travel agencies and investment institutions to develop differentiated winter tourism products and improve service quality [3] - Beijing has invested over 30 billion yuan in support of Xinjiang, fostering a collaborative relationship that enhances tourism and cultural exchange between the two regions [3]

Group 1 - The core viewpoint of the article highlights the significant growth potential of China's ice and snow industry, with projections indicating that the market size will exceed 1 trillion yuan, reaching 1,005.3 billion yuan by 2025 [1] - The report from Jianghai Securities emphasizes that hosting major international events, such as the Winter Olympics, serves as a catalyst for the rapid development of ice and snow sports in China, similar to trends observed in the US and Japan [1] - Following the acquisition of the Winter Olympics hosting rights in 2015, various supportive policies have been implemented, leading to a rapid development phase for the domestic ice and snow economy [1] Group 2 - Ice and snow consumption is becoming a crucial growth point for expanding domestic demand, transforming "cold resources" into a "hot engine" for economic development [2] - Data from online shopping and tourism platforms indicate a significant increase in orders for ice and snow equipment and a surge in searches and bookings for ice and snow tourism during the previous "Double Eleven" shopping festival [2] Group 3 - The Chinese government is intensifying efforts to leverage abundant ice and snow resources to drive economic growth across various sectors, including sports, culture, equipment, and tourism [3] - The State Council aims to elevate the ice and snow economy to 1.2 trillion yuan (approximately 169 billion USD) by 2027 and to 1.5 trillion yuan by 2030 [3] - Cities are integrating winter sports and tourism into their development plans, with initiatives such as the establishment of a winter sports demonstration zone in Heilongjiang Province and specific action plans in Beijing to enhance ice and snow consumption and infrastructure [3]

Core Insights - The 2025 International Winter Sports Expo, marking its tenth anniversary, has become the largest and most authoritative ice and snow exhibition globally, serving as a significant platform for the international ice and snow industry [1][2] Group 1: Event Overview - The expo features participation from ice and snow powerhouses such as Austria, Italy, Canada, Finland, and Slovenia, along with over 500 well-known international and domestic brands and more than 200 global guests [1] - The total area of the expo is nearly 20,000 square meters, showcasing various sectors including winter and alpine technology, national group exhibition areas, domestic ice and snow economic clusters, winter tourism destinations, personal ice and snow equipment, and cultural exhibitions [2] Group 2: Industry Development - The ice and snow economy is recognized as a vital force in promoting consumption upgrades, regional development, and supporting China's dual circulation strategy, as highlighted by the Vice Chairman of the Chinese Olympic Committee [1] - The Shijingshan district has implemented special policies for the ice and snow industry and has introduced measures to promote high-quality development of the event economy, creating a complete industrial chain encompassing equipment research and development, venue construction, education and training, and event operation [2] Group 3: Future Prospects - The upcoming 2026 Milan-Cortina Winter Olympics is already in countdown mode, with the Italian Olympic Committee President emphasizing the expo's role as a significant legacy of the Beijing 2022 Winter Olympics [2] - The expo will also host various activities, including the selection of leading ice and snow brands for 2025, the release of the "2025 China Ice and Snow Industry Development Research Report," and multiple networking events aimed at promoting the ice and snow industry [3]

Core Points - The 2025 International Winter Sports Expo has opened at Shougang Park in Shijingshan District, showcasing a significant event in the winter sports industry [1] - The expo covers a total area of nearly 20,000 square meters and features over 500 renowned brands from around the world [1] - Various exhibition areas are set up, including winter and alpine technology, national group exhibition zones, domestic ice and snow economy clusters, and winter tourism destinations, highlighting the latest achievements in the ice and snow industry [1] - The series of events will continue until October 19 [1]

Core Insights - The 2025 International Winter Sports Expo opened in Shijingshan District, covering nearly 20,000 square meters and attracting over 500 global brands [1][6] - The recent WTT China Grand Slam significantly boosted local economic activity, generating direct revenue of approximately 154 million yuan and selling over 88,000 tickets, marking a 54.3% year-on-year increase in ticket sales [3][6] - Shijingshan has established an ice and snow economic ecosystem characterized by "event-driven, industry aggregation, and shared benefits" [1][6] Event Impact - The WTT China Grand Slam created a substantial economic impact, with total consumption in the district reaching nearly 320 million yuan during the first five days of the National Day and Mid-Autumn Festival holiday [3] - The event showcased the integration of natural landscapes and industrial heritage, enhancing the visitor experience and promoting local tourism [4] Industry Development - Shijingshan District has introduced specialized policies for the ice and snow industry and released measures to promote high-quality development in the event economy, aiming to create a complete industrial chain [6][8] - The district has been promoting public participation in ice and snow sports for 11 consecutive years, establishing various consumption venues to support the initiative of engaging 300 million people in ice and snow activities [6] Future Events - Upcoming events include the International Ski Federation's Snowboard and Freestyle Skiing Big Air World Cup, which will continue to leverage the "Ping-Snow Conversion" model for sustainable use of Olympic legacies [8]