相关上市企业：舒华体育（605299）、英派斯（002899）、创源股份（300703）、信隆健康 （002105）、金陵体育（300651）、康力源（301287）、三柏硕（001300）、KEEP（03650）、融捷健 康（300247）、中体产业（600158）等。 相关企业：北京卡路里信息技术有限公司、乐动天下（北京）体育科技有限公司、广州源动智慧体育科 技有限公司、浙江易跑健康科技有限公司、杭州乐刻网络技术有限公司、上海驿家健身服务有限公司、 杭州微柠科技有限公司、快快利华 (北京) 网络科技有限公司、深圳市古德菲力健康科技有限公司等。 关键词：智能健身、肥胖率、市场规模、健身人数 一、智能健身行业相关概述 智能健身，也被称之为智慧健身、AI健身，是基于最新科技产品结合传统运动健身所打造的智慧健身 综合解决方案。智能健身的基本原理是通过虚拟教练和智能运动设备的结合，为用户提供个性化的健身 指导和训练。虚拟教练通常是一个在屏幕上呈现的数字化形象，它可以根据用户个人信息和健身目标制 定适合的训练计划。用户可以通过智能运动设备进行实时监测和反馈，如智能手表、智能健身追踪器、 智能耳机、智能体重秤、智能健身 ...

央视网消息：日前，商务部、国家卫生健康委等12部门联合印发《促进健康消费专项行动方案》，重点任务包括丰富健身运动消费场景、 加快运动用品制造业转型升级，强化科技赋能和智能应用。目前，有哪些受消费者欢迎的智能健身器材？未来，科技将如何赋能全民健身？让 我们一起跟随记者去看看。 在北京海淀的一家以潮流运动为主题的街区里，记者看到一排排动感单车、划船机。它们与传统健身器材最大的区别，是一个小小的二维 码和一系列智能传感器。 将智能健身设备接入虚拟体育赛事系统，人们通过扫描二维码就可以随时随地接入比赛，商家为参与者提供代金券、优惠券等竞赛奖品， 成为这个街区新的消费场景。 虚拟赛事系统的研发方告诉记者，目前划船、骑车、射箭、登山、滑雪等许多虚拟健身场景都很受欢迎。目前，该虚拟赛事系统可以容纳 全国不同地区上万名运动员同时接入，参加比赛。 智能健身新产品 健康消费新热点 除了遍布公园、商业街区的大型智能健身器材，如今便携小巧的智能设备，比如智能哑铃、智能跳绳等，也是健康消费的新热点。如今健 身活动也变得越来越智能化、家庭化、趣味化。 将传统的哑铃搭载上高精度的传感器就能够非常精确地记录下每一组运动的细节，并且它还可以接 ...

Core Viewpoint - The article discusses the promotion of health consumption through a joint initiative by various government departments, focusing on the integration of technology in fitness and the rise of smart fitness equipment. Group 1: Government Initiatives - The Ministry of Commerce and the National Health Commission, along with 12 other departments, have issued a plan to promote health consumption, emphasizing the enhancement of fitness consumption scenarios and the transformation of the sports equipment manufacturing industry [1]. - The plan aims to leverage technology and smart applications to enrich consumer experiences in fitness [1]. Group 2: Smart Fitness Equipment - Popular smart fitness equipment includes dynamic bicycles and rowing machines equipped with QR codes and sensors, differentiating them from traditional equipment [1]. - Portable smart devices like smart dumbbells and smart jump ropes are emerging as new hotspots in health consumption, making fitness activities more intelligent, home-friendly, and engaging [12][18]. - Smart fitness devices can accurately record workout details and connect to applications offering a variety of fitness courses tailored to individual needs [13]. Group 3: Virtual Sports and Competitions - The integration of smart fitness devices with virtual sports systems allows users to participate in competitions by scanning QR codes, creating new consumer scenarios [5]. - The virtual sports system can accommodate thousands of athletes nationwide, with popular activities including rowing, cycling, archery, mountaineering, and skiing [9]. - The concept of "digital fitness" is evolving, with a focus on making fitness more interactive and enjoyable, encouraging longer usage [20]. Group 4: Industry Insights - Industry experts highlight the potential of sports competitions as a new form of consumer engagement, with discussions of amounts in the millions for related initiatives [7]. - The development of smart fitness products is seen as a significant trend, with an emphasis on data collection and analysis to enhance user experience [20].

Core Insights - Jiangsu Kangliyuan Sports Technology Co., Ltd. (Kangliyuan) reported a complex financial situation in its 2024 annual report, with a significant decrease in net cash flow from operating activities and a notable increase in net profit excluding non-recurring items [1] Financial Performance - Revenue for 2024 reached 686,808,736.18 yuan, a 12.74% increase from 609,207,485.64 yuan in the previous year, driven primarily by the fitness equipment segment, which accounted for 98.63% of total revenue [2] - International revenue was 552,569,444.63 yuan, representing 80.45% of total revenue and a 19.37% increase year-on-year, while domestic revenue decreased by 8.24% to 134,239,291.55 yuan, accounting for 19.55% of total revenue [2] Profitability Analysis - Net profit attributable to shareholders was 81,225,070.95 yuan, a 16.20% decline from 96,922,853.33 yuan in the previous year, primarily due to the recognition of substantial government subsidies in 2023 [3] - Net profit excluding non-recurring items increased by 20.77% to 81,249,252.80 yuan from 67,277,429.65 yuan, indicating improved core business profitability [3] Earnings Per Share - Basic earnings per share decreased by 26.51% to 1.22 yuan from 1.66 yuan, reflecting the decline in net profit, while the basic earnings per share excluding non-recurring items remained stable at 1.22 yuan [4] Expense Analysis - Sales expenses rose by 24.56% to 106,995,782.97 yuan, mainly due to increased e-commerce platform costs, indicating a strategic investment in expanding online sales channels [5] - Management expenses increased by 1.76% to 24,274,759.17 yuan, reflecting stable cost control, while financial expenses decreased by 58.13% to -38,110,343.37 yuan due to increased interest income [5] - R&D expenses grew by 6.21% to 21,000,440.55 yuan, representing 3.06% of total revenue, highlighting the company's commitment to product innovation [5] Cash Flow Situation - Net cash flow from operating activities decreased by 81.82% to 24,731,681.29 yuan, primarily due to increased cash outflows for purchasing goods and services, raising concerns about liquidity [6] - Net cash flow from investing activities was -405,707,632.67 yuan, a significant increase in outflows due to higher investments in financial products [6] - Net cash flow from financing activities decreased by 107.28% to -42,514,148.19 yuan, reflecting reduced inflows following the peak of initial public offering fundraising [6] R&D and Personnel - R&D investment continued to increase, with 21,000,440.55 yuan allocated in 2024, supporting multiple projects such as smart treadmills and fitness bikes, which have received positive market feedback [7] - The number of R&D personnel rose by 9.20% to 95, with a higher proportion of staff holding bachelor's degrees or above, indicating a focus on enhancing the R&D talent pool [8]

创业板风险提示 本次发行股票拟在创业板上市，创业板公司具有创新投入大、新旧产业融 合存在不确定性、尚处于成长期、经营风险高、业绩不稳定、退市风险高等特 点，投资者面临较大的市场风险。投资者应充分了解创业板的投资风险及本公 司所披露的风险因素，审慎作出投资决定。 江苏康力源体育科技股份有限公司 Jiangsu Junxia Gym Equipment Co., Ltd （住所：邳州市炮车街道办事处高新技术产业园滨湖大道北侧） 首次公开发行股票并在创业板上市 招股说明书 保荐人（主承销商） （江苏省常州市延陵西路 23 号投资广场 18 层） 江苏康力源体育科技股份有限公司 招股说明书 声 明 中国证监会、交易所对本次发行所作的任何决定或意见，均不表明其对发行 人注册申请文件及所披露信息的真实性、准确性、完整性作出保证，也不表明其 对发行人的盈利能力、投资价值或者对投资者的收益作出实质性判断或保证。任 何与之相反的声明均属虚假不实陈述。 根据《证券法》规定，股票依法发行后，发行人经营与收益的变化，由发行 人自行负责；投资者自主判断发行人的投资价值，自主作出投资决策，自行承担 股票依法发行后因发行人经营与收益变化或 ...