（编辑 任世碧） 证券日报网讯 8月14日晚间，舒华体育发布2025年半年度报告摘要称，公司2025年半年度实现营业收入 为614，388，427.54元，同比增长7.52%；实现归属于上市公司股东的净利润为20，179，490.40元，同 比下降47.44%。 ...

Core Viewpoint - Adidas faces significant backlash in Mexico for its new shoe "Oaxaca Slip-On," which is accused of plagiarizing traditional Mexican huarache sandals, leading to allegations of cultural appropriation [1][3] Group 1: Product Details - The "Oaxaca Slip-On" was developed in collaboration with designer Chavarria, featuring woven leather and a thick rubber sole, closely resembling traditional sandals made by Zapotec artisans in Oaxaca [3] - The shoe's design has sparked controversy, with Mexican President Sinbloom and other officials accusing Adidas of stealing the creativity of indigenous communities [3] Group 2: Legal and Cultural Implications - The Oaxaca state government has initiated negotiations, and Mexico is considering legal action against Adidas for the alleged cultural appropriation [3] - Adidas issued an apology, expressing respect for the cultural heritage of Mexican indigenous communities and a willingness to engage in dialogue with local groups [3] - Designer Chavarria also apologized for the unauthorized use of cultural elements [3] - Mexico has enacted laws imposing heavy fines and imprisonment for unauthorized use of indigenous cultural expressions [3]

Group 1 - The Chengdu Universiade has achieved a record high in market development revenue for the event [1][3] - The market development and sponsorship recruitment for the Chengdu Universiade officially started in December 2023, with 26 sponsoring companies and 33 donating companies involved [3][4] - The event emphasizes collaboration between sponsors and the city to ensure smooth operations, with examples including China Telecom's AI command system and Sichuan Airlines' special baggage policies for athletes [3] Group 2 - The Universiade's licensed merchandise is market-oriented, featuring popular trends such as limited editions and blind box models, with 48 quality enterprises involved and over 500 licensed products launched [4] - Popular licensed products include medal fridge magnets and mascot figurines, which have sold out quickly, prompting a third round of restocking [4] - The event has also collaborated with top domestic and local cultural enterprises to develop and sell cultural products, including two themed lottery tickets and co-branded items with various IPs [4]

Group 1 - Anta (China) Co., Ltd. successfully registered two graphic trademarks related to Fan Zhendong on August 13 [1] - The registered trademarks are categorized under fitness equipment, leather goods, and clothing and footwear [1] - Fan Zhendong serves as a spokesperson for Anta [1]

舒华体育（SH 605299，收盘价：9.89元）8月14日晚间发布半年度业绩报告称，2025年上半年营业收入 约6.14亿元，同比增加7.52%；归属于上市公司股东的净利润约2018万元，同比减少47.44%；基本每股 收益0.05元，同比减少44.44%。 （文章来源：每日经济新闻） ...

人民财讯8月14日电，舒华体育（605299）8月14日晚间发布2025年半年报，上半年营业收入6.14亿元， 同比增长7.52%；归母净利润2017.95万元，同比下降47.44%。受销售人员增加、投入业务宣传费用及展 览费用增加等因素影响，报告期销售费用同比增加1224.15万元；受收到的政府补贴同比减少影响，报 告其他收益同比减少1125.86万元。 ...

格隆汇8月14日丨舒华体育(605299.SH)公布半年度报告，报告期内，公司营业收入61,438.84万元，比上 年同期增长7.52%；营业成本42,104.52万元，比上年同期增长8.81%；营业利润2,692.67万元，比上年同 期下降44.78%；归属于母公司股东的净利润2,017.95万元，比上年同期下降47.44%；归属于上市公司股 东的扣除非经常性损益的净利润1,754.71万元，比上年同期下降29.32%。 ...

舒华体育公告，2025年上半年营业收入6.14亿元，同比增长7.52%。净利润2017.95万元，同比下降 47.44%。 ...

Core Viewpoint - Pickleball is gaining popularity among young people in China, blending elements of tennis, badminton, and table tennis, and is seen as a potential next national sport [1][4][14] Group 1: Market Growth and Popularity - PadelOne is one of the first professional pickleball clubs in Beijing, offering various services including court rentals, member activities, and training sessions [4][6] - The club has seen a significant increase in participation, with membership groups nearing 1,000 and growing [6][9] - Data from Meituan indicates a surge in interest, with comments about pickleball increasing by over 147% and related orders rising by 836% in July [7][9] Group 2: Demographics and Accessibility - Initially popular among retirees due to its low physical demands, pickleball is now attracting a younger demographic, particularly those in their twenties and thirties [2][4] - The sport is characterized by its ease of entry, lower costs compared to badminton and tennis, and reduced risk of injury [5][6] Group 3: Industry Involvement and Product Offerings - Major sports brands like Adidas, Li Ning, and Skechers are entering the pickleball market, launching related products [8][9] - The global pickleball equipment market is projected to grow from $1.61 billion in 2024 to $3.1 billion by 2032, with a CAGR of 10.3% [9] Group 4: Infrastructure and Events - Cities are beginning to convert existing sports facilities into pickleball courts, with plans for significant expansions in places like Shanghai and Guangxi [12][14] - The sport will be featured in the 2024 Paris Olympics as a demonstration event, and a national pickleball tour is being established in China [12][14] Group 5: Future Potential - Experts suggest that while pickleball has the potential to become a national sport, it requires a comprehensive development system, including a competitive framework and youth training [14]

Group 1: Tencent Holdings - Company reported a 14.5% year-on-year revenue growth to 184.5 billion yuan in Q2 2025, with Non-IFRS net profit increasing by 10% to 63.05 billion yuan [1] - AI applications are accelerating in advertising, gaming, and cloud services, with video account advertising revenue growing by 50% and overseas gaming revenue increasing by 35% [1] - Capital expenditure is primarily focused on AI infrastructure, indicating significant potential for efficiency improvements in the future [1] Group 2: Huahong Semiconductor - Company is expected to benefit from short-term price recovery and full capacity utilization, with a strong competitive position in specialty foundry services [1] - Projected net profits for 2025-2027 are 90 million, 152 million, and 202 million USD respectively, with current stock price corresponding to PB ratios of 1.56, 1.52, and 1.48 [1] Group 3: Hong Kong Exchanges and Clearing - As of July 2023, the company's PE ratio is 38.24x, positioned at the 58th percentile historically since 2016, suggesting attractive valuation [1] - Anticipated increase in market liquidity due to ongoing connectivity policies, which may enhance overall market activity and valuation [1] Group 4: 361 Degrees - Company reported an 11% year-on-year revenue growth to 5.7 billion yuan in H1 2025, with a slight increase in gross margin to 41.5% [2] - Significant improvement in operating cash flow to 520 million yuan, attributed to better inventory management and aging structure [2] - Strong performance in footwear and children's clothing segments, with steady growth in e-commerce channels [2] Group 5: Hongteng Precision - Company experienced a 9% year-on-year revenue growth in Q2 2025, with net profit increasing by 13%, driven by rapid growth in cloud computing/AI server business (+28% YoY) [3] - Despite challenges in the smartphone sector, the company is strategically expanding into AI servers, automotive cables, and new consumer electronics projects [3] - Current valuation is considered attractive, with a target price raised to 4.96 HKD [3] Group 6: Kingdee International - Company reported a 22.1% year-on-year growth in cloud subscription revenue, accounting for 52.8% of total revenue in H1 2025 [5] - Significant improvement in cash flow and reduction in operating losses, with AI contract amounts exceeding 150 million yuan [5] - Positive outlook on AI commercialization and global expansion efforts [5] Group 7: Reading Group - Company reported a 23.9% year-on-year decline in total revenue to 3.191 billion yuan in H1 2025, with Non-IFRS net profit of 508 million yuan [6] - Rapid growth in IP derivative business, with GMV reaching 480 million yuan, nearing the total for the entire year of 2024 [6] - AI technology is enhancing creative, visualization, and translation processes, improving efficiency and reducing costs [6] Group 8: Galaxy Entertainment - Company reported a 10% year-on-year increase in total revenue to 11.2 billion HKD in Q2 2025, with adjusted EBITDA growing by 12% to 3.6 billion HKD [7] - Strong recovery in gaming business with a market share of 20.5%, supported by the opening of high-end hotel Capella [7] - Anticipated growth driven by a rich project pipeline, with Galaxy Phase IV expected to be completed by 2027 [7] Group 9: Galaxy Entertainment (Alternative Report) - Company reported a 10.3% year-on-year increase in net revenue to 12.04 billion HKD in Q2 2025, with adjusted EBITDA rising by 12.4% to 3.57 billion HKD [7] - VIP business saw a significant increase of 73.5%, with market share reaching 20.2%, up 0.7 percentage points from Q1 2025 [7] - Continued success in high-end projects, with Capella hotel performing exceptionally well [7]