舒华体育公告，公司于2025年3月12日首次披露回购方案，预计回购金额在2000万元至4000万元之间。 截至2025年9月底，公司已累计回购股份68.52万股，占总股本的0.17%，购买最高价为9.2元/股，最低价 为7.4元/股，已支付总金额约为548.96万元。实际回购价格在7.4元/股至9.2元/股之间。 ...

21世纪经济报道记者贺泓源、实习生李音桦 上任FILA大中华区总裁不久的江艳，正把网球市场放到了战略高度。 "主要是因为线上折扣同比略有变化，同时线上占比提高。线下正价店还是维持了同期的折扣水平。另 外我们主动FILA提升鞋类产品的占比。"安踏集团CFO毕明伟如此解释。 由此，在当下大力投资网球市场，是需要勇气的。 而网球受众的快速增长，或许给了江艳勇气。《中国网球事业发展基础数据》显示，2024年，中国网球 市场规模预计达到367.5亿元，参与人数达到2518万人，比2021年增长了551万人。 还需看到，FILA销售也在起伏。在2024年三季度，FILA销售额同比下降低单位数，主要是潮牌和儿童 表现偏弱。当年，FILA营收同比增长6.1%至266亿元。 近日，FILA宣布，正式续约中国网球公开赛并升级为中网独家官方运动鞋服赞助商，并签约中国男子 网球单打排名榜首的布云朝克特为FILA中国首位网球代言人。 需要注意的是，眼下，运动市场充满着种种挑战。 在2025财年下半年（2024年12月-2025年5月），耐克大中华区营收同比下滑18.7%至32.09亿美元（约合 人民币230亿元）。 在上半年，李宁营收 ...

（原标题：李宁户外发布「行天地 探河山」主题系列） 李宁户外近日正式发布以「行天地 探河山」为主题的2025年度系列产品，通过融合东方美学与现代户 外功能设计，持续深化品牌在户外运动领域的战略布局。 在品牌传播层面，李宁集结中国乒乓球运动员、品牌代言人孙颖莎，纪录片导演周轶君，青年演员胡先 煦共同担任「李宁河山行者」，通过他们的个人影响力传递「追本溯源，逆流而上」的东方探索精神。 为进一步强化品牌叙事，李宁户外于9月20日至29日在重庆解放碑打造沉浸式户外主题展览。这一线下 体验空间延续「行天地 探河山」的核心概念，为消费者构建起连接产品功能与文化内涵的实体场域。 业内观察指出，李宁户外此次通过产品研发、文化叙事与体验空间的三维联动，不仅丰富了品牌在户外 领域的产品矩阵，更展现出其以东方视角重塑户外生活美学的战略意图。这一系列举措将有助于品牌在 快速增长的中国户外运动市场中建立差异化竞争优势。 该系列产品涵盖城市休闲、近郊出行与山野纵行等多重场景，展现出李宁户外对中国人户外生活方式的 全新解读。作为系列的重要组成部分，李宁户外联合中国地图出版社集团共同推出「李宁户外河山路 书」，将产品体验与文化探索有机结合。 ...

研究早观点 2025 年 9 月 30 日 星期二 市场走势 资料来源：最闻 | 指数 | | 收盘 | 涨跌幅% | | --- | --- | --- | --- | | 上证指数 | | 3,862.53 | 0.90 | | 深证成指 | | 13,479.43 | 2.05 | | 沪深 | 300 | 4,620.05 | 1.54 | | 中小板指 | | 8,328.93 | 1.85 | | 创业板指 | | 3,238.01 | 2.74 | | 科创 | 50 | 1,470.41 | 1.35 | | 资料来源：最闻 | | | | 分析师： 彭皓辰 执业登记编码：S0760525060001 【行业评论】通信：周跟踪（20250922-20250928）-昇腾 950 引领国产 超节点新时代，英伟达入股英特尔有望扩大 NVLINK 版图 【山证纺服】行业周报-特步开设海外首家跑步俱乐部，FILA 成为中 网独家运动鞋服赞助商 国内市场主要指数 【公司评论】美格智能(002881.SZ)：美格智能 2025 半年度报告点评- 模组+解决方案双轮驱动，多行业深耕保持领先 2019 年 2 ...

华润啤酒-R(80291)、安踏体育-R(82020)、联想集团-R(80992)上一交易日沽空比率位于前三位，分别为 100.00%、100.00%、72.39%。阿里巴巴-SW(09988)、小米集团-W(01810)、腾讯控股(00700)的沽空金额 位居前三，分别为55.00 亿元、33.05 亿元、24.14 亿元。中远海运国际(00517)、华润啤酒-R(80291)、融 创服务(01516)的偏离值位居前三，分别为36.57%、32.83%、28.66%。 前十大沽空比率排行 | 股票名称 | 沽空金额 | 沽空比率↓ | 偏离值 | | --- | --- | --- | --- | | 华润啤酒-R(80291) | 19.28 万元 | 100.00% | 32.83% | | 安踏体育-R(82020) | 1.69 万元 | 100.00% | 16.96% | | 联想集团-R(80992) | 44.47 万元 | 72.39% | 13.99% | | 李宁-R(82331) | 25.06 万元 | 69.54% | -1.28% | | 中银香港-R(82388) | 157 ...

证券时报·数据宝统计，安踏体育在港交所公告显示，9月29日以每股91.650港元至93.350港元的价格回 购108.38万股，回购金额达9987.41万港元。该股当日收盘价91.650港元，上涨0.83%，全天成交额11.58 亿港元。 | 日期 | 回购股数（万股） | 回购最高价（港元） | 回购最低价（港元） | 回购金额（万港元） | | --- | --- | --- | --- | --- | | 2025.09.29 | 108.38 | 93.350 | 91.650 | 9987.41 | | 2025.09.26 | 109.38 | 92.550 | 90.200 | 9986.57 | | 2025.09.25 | 106.50 | 95.800 | 92.550 | 9981.93 | | 2025.09.24 | 200.30 | 94.800 | 93.100 | 18842.80 | | 2025.09.23 | 212.00 | 95.900 | 93.250 | 19963.98 | | 2025.09.22 | 212.00 | 95.150 | 92.700 | 19 ...

智通财经APP讯，安踏体育(02020)发布公告，于2025年9月29日，该公司斥资9987.41万港元回购108.38 万股股份，每股回购价格为91.65-93.35港元。 ...

Group 1: OPPO and Under Armour - OPPO has initiated a new imaging product series, leveraging over 17 years of mobile imaging technology, with plans to launch by 2026 [1] - Under Armour has opened its first flagship outdoor store in Shanghai, expanding its presence in 22 provinces and municipalities across China [1] Group 2: Strategic Partnerships and Projects - Xiamen Tungsten New Energy signed a strategic cooperation framework agreement with Zhongwei New Materials, projecting annual supply and demand of 40,000 tons for cobalt tetroxide and 50,000 tons for ternary precursors from 2025 to 2028 [2] - Donghua Technology's lithium carbonate project in Tibet has completed a 120-hour functional assessment, marking its readiness for official production [3] Group 3: Media and Entertainment - Light Chaser Animation is exploring the micro-short drama market and is planning to establish a related company [4] Group 4: Technology and Financing - DeepSeek V3.2 and GLM-4.6 models are set to be released soon, with the former already uploaded to HuggingFace [5] - "Linghou Robotics" completed over 100 million yuan in Series A financing, aimed at R&D and capacity expansion in industrial automation [7] - "Maike Technology" also secured Series A financing in the range of hundreds of millions, focusing on TGV process development [9] Group 5: Investment Trends - Fidelity International reports a significant increase in global investor interest in Chinese assets, with hedge funds actively participating in the Chinese stock market [10] - The National Development and Reform Commission supports private enterprises' deep involvement in the "Artificial Intelligence+" initiative, highlighting the growth of AI-related private companies [11] Group 6: Industry Growth Plans - The Ministry of Industry and Information Technology and other departments issued a plan for the mechanical industry, targeting an average annual revenue growth rate of around 3.5% and aiming to exceed 10 trillion yuan in revenue by 2026 [12]

Investment Rating - The report maintains an investment rating of "Synchronize with the market - A" for the textile and apparel industry [1]. Core Views - The textile and apparel industry has shown mixed performance, with notable developments such as Miniso's proposal to spin off TOP TOY for independent listing in Hong Kong, which is expected to enhance operational and financial transparency [2][3][19]. - TOP TOY, a leading brand in the trendy toy sector, has demonstrated significant growth, with revenue increasing from RMB 679 million in 2022 to RMB 1.909 billion in 2024, reflecting a compound annual growth rate (CAGR) of 67.7% [4][20]. - The report highlights the performance of various companies within the industry, with a focus on the growth of sports and entertainment products, which saw a year-on-year increase of 20.6% in the first eight months of 2025 [11]. Summary by Sections Market Performance - The SW textile and apparel sector declined by 2.59% in the week of September 22-26, 2025, underperforming the Shanghai Composite Index, which rose by 1.07% [8][21]. - The textile manufacturing sub-sector fell by 1.75%, while the apparel and home textile sub-sector dropped by 2.89% [21]. Company Developments - TOP TOY's gross margin improved from 19.9% in 2022 to 32.7% in 2024, with self-developed products contributing approximately 50% of revenue by 2025 [5][20]. - The number of TOP TOY stores increased from 117 in 2022 to 293 by mid-2025, indicating strong expansion [5][20]. Industry Data Tracking - In the first eight months of 2025, China's textile and apparel exports amounted to USD 94.513 billion and USD 102.761 billion, respectively, showing a slight increase and a decrease of 1.7% year-on-year [48]. - The retail sales of sports and entertainment products grew by 16.9% in August 2025, indicating robust consumer demand [55]. Industry News - Goyard, a luxury leather brand, reported a 64% increase in revenue to EUR 810 million for the fiscal year ending December 30, 2024, showcasing strong performance in both domestic and international markets [6][65][66]. - Xtep International opened its first overseas running club in Singapore, integrating high-performance running gear with community space, aimed at enhancing the running community [10][67]. - FILA renewed its partnership with the China Open, becoming the exclusive sports shoe and apparel sponsor, and announced initiatives to support youth tennis development [10][69].

Core Insights - The article highlights the industrial development in Shandong's Leiling, showcasing various projects that integrate technology and traditional industries to drive economic growth [1][2][4][6]. Group 1: Industrial Development - The NFC juice production workshop of the Huayuan Smart Cold Storage and Juice Industry Chain project has completed trial production with four fully automated production lines [1]. - The Meino Biotech corn protein deep processing project is set to achieve an annual output value of 1 billion yuan, with production expected to commence in October [1]. - Leiling's strategy focuses on optimizing existing resources and expanding new ones to achieve high-quality industrial development [1]. Group 2: Technological Innovation - The introduction of the Pangu system at Mand Company has led to a 70% year-on-year increase in revenue, exemplifying the impact of technological innovation on traditional industries [2]. - Eight local enterprises have been recognized as specialized and innovative small and medium-sized enterprises in Shandong, indicating a strong push for technological advancement [2]. - The establishment of research centers and innovation platforms is facilitating the transition of traditional industries towards higher value chains [3]. Group 3: Industry Chain Expansion - The Huayuan Smart Cold Storage project aims for an annual production capacity of 59 million boxes, reflecting the deepening of industry chains in Leiling [4]. - The Meino Biotech project utilizes international leading biological enzyme technology, expected to generate an annual output value of 1 billion yuan, enhancing the agricultural processing sector [4]. - Leiling is diversifying its industrial ecosystem, focusing on high-value products such as solid-state batteries and precision automotive parts [4][5]. Group 4: Business Environment Optimization - Leiling has implemented a "full-chain escort" mechanism to optimize the business environment, facilitating faster project execution and reducing bureaucratic hurdles [6]. - The "pre-approval + commitment system" reform has allowed projects like the Huayuan cold chain to commence two months earlier than usual [6]. - A comprehensive policy support network has been established to assist enterprises throughout their lifecycle, enhancing innovation and project development [7].