Core Insights - Adidas reported strong performance in the Greater China region with Q1 revenue of €1.029 billion, a 13% year-over-year increase, continuing a double-digit growth trend for eight consecutive quarters [1] - Global revenue reached €6.153 billion, also up 13% year-over-year, with operating profit soaring to €610 million, an 82% increase, marking a historical high [1] - The gross margin for the quarter was 52.1%, up 0.9 percentage points year-over-year, while operating margin increased by 3.7 percentage points to 9.9% [1] Revenue and Product Performance - The revenue growth did not include sales from the previously popular Yeezy products, indicating that the actual growth rate could be even higher without this factor [1] - All markets and channels achieved double-digit growth, showcasing the company's significant potential [1] - New product launches in Q1 included the ADIZERO ADIOS PRO 4 and various other running and training shoes, which received market attention [2] Strategic Outlook - Adidas did not mention annual targets in the financial report, reflecting a cautious approach due to geopolitical uncertainties and changing consumer sentiments [2] - The company plans to continue its localized strategy in the Greater China region to enhance the sports consumption experience [2]

Group 1: Didi's Safety Measures - Didi has implemented safety reminders for the upcoming "May Day" holiday travel peak, focusing on risk assessment, emergency drills, and driver training [1] - The company is enhancing safety protocols and increasing technical and human resources to ensure efficient responses to emergencies [1] - Didi is utilizing big data and smart technology to monitor orders in real-time and provide risk alerts during the holiday [1] Group 2: Adidas Financial Performance - Adidas reported a first-quarter net profit of €428 million, exceeding market expectations of €376.4 million [2] - The company's gross profit for the quarter was €3.21 billion, also above the market forecast of €3.16 billion [2] - Adidas maintains its full-year operating profit forecast between €1.7 billion and €1.8 billion, lower than the market estimate of €2.04 billion [2] Group 3: NXP Semiconductors Earnings - NXP Semiconductors announced first-quarter revenue of $2.84 billion, slightly above market expectations of $2.83 billion [2] - The company experienced a year-over-year revenue decline of 9% [2] - Adjusted EPS for the quarter was $2.64, surpassing the market forecast of $2.60 [2] Group 4: Sabre's Business Sale - Sabre has agreed to sell its Hospitality Solutions business to TPG for $1.1 billion in cash [2] - The transaction will allow Hospitality Solutions to operate as an independent entity while benefiting from TPG's resources for growth [2] - TPG manages assets totaling $246 billion and will conduct the investment through its private equity platform [2] Group 5: Domino's Sales Decline - Domino's Pizza reported a 0.5% year-over-year decline in same-store sales in the U.S., falling short of analyst expectations for a 0.5% increase [3] - The decline is attributed to high inflation and economic uncertainty affecting consumer demand [3] - The company's gross margin for U.S. stores decreased from 17.5% to 16% due to rising food ingredient costs [3] Group 6: Sony's Semiconductor Business Split - Sony is considering a spin-off of its semiconductor division, potentially completing the process within the year [3] - The move aims to streamline operations and refocus on the entertainment sector [3] - Discussions are ongoing, and plans may change due to market volatility influenced by U.S. tariffs [3] Group 7: Investment Activities - "Yinshi Robot" has completed nearly 100 million RMB in B3 round financing, focusing on advanced technology development and global market expansion [4] - Anhui Wanzhi Construction Engineering Co., Ltd. secured 26 million RMB in Pre-A round financing to advance smart construction technology and low-carbon materials [5] - "Zhijing Jinchian" has received angel round financing, specializing in artificial intelligence computing power through blockchain technology [6] Group 8: New Product Launches - Midea Air Conditioning held its first "2025 Midea AI Technology Day," launching several AI-driven air conditioning products [7] - iQOO introduced the new iQOO Z10 Turbo series smartphones, starting at a price of 1,099 RMB, highlighting performance and battery life [8] Group 9: Economic Insights - Hungary's economy minister stated that Hungary will not weaken its economic ties with China, citing a lack of comparable investment potential from the U.S. [9] - The Hong Kong Stock Exchange and Securities and Futures Commission are preparing to assist Chinese companies wishing to return to the Hong Kong market [9] - South Korea's retail sales increased by 9.2% year-over-year in March, driven by strong online demand for food and daily necessities [10]

Core Viewpoint - Li Ning Company has made significant strides in sustainable development, integrating ESG principles into its corporate strategy and achieving notable recognition in the industry for its efforts in environmental, social, and governance practices [1][20]. Group 1: ESG Report and Recognition - In April 2025, Li Ning Company released its 2024 ESG report, outlining its sustainable development strategies and practices across various domains, including environmental products, green operations, and social responsibility [1]. - The company achieved a MSCI ESG rating upgrade to BBB and was ranked 15th in the "Kantar BrandZ Sustainable Brands Top 50," leading its industry peers [1]. Group 2: Environmental Product Innovations - In 2024, Li Ning launched China's first fully biodegradable professional sports shoes and established a product standard for biodegradable performance in footwear [3]. - The company reported a carbon reduction of over 30,000 tons through the application of eco-friendly technologies in its shoe production [3]. Group 3: Sustainable Practices in Apparel - Li Ning utilized 2,024 tons of recycled polyester yarn in 2024, resulting in a carbon reduction of 2,283 tons, and repurposed over 150 million plastic bottles in its sportswear [5]. - Approximately 80% of shoe boxes were FSC certified, leading to significant savings in ink, water, and electricity, while reducing carbon emissions by about 118 tons [5]. Group 4: Green Operations and Energy Efficiency - The company implemented smart technology upgrades in its operations, achieving energy savings of over 430,000 kWh in its Shenzhen center alone [6][8]. - Li Ning's headquarters and stores have adopted renewable energy solutions, with self-generated electricity accounting for about 25% of total consumption in its Beijing center [6]. Group 5: Responsible Supply Chain Management - Li Ning completed social responsibility audits for 140 suppliers and environmental audits for 60 suppliers, achieving a 100% pass rate for "excellent" or "good" ratings [9]. - The company established a chemical management framework to ensure zero harmful chemical emissions across its supply chain [9][10]. Group 6: Talent Development and Employer Branding - Li Ning has enhanced its talent development system, focusing on creating a fair and diverse workplace, and received recognition in multiple employer branding awards in 2024 [11][15]. - The company promotes employee well-being through various initiatives, including sports clubs and community events, fostering a strong corporate culture [11]. Group 7: Social Responsibility and Community Engagement - In 2024, Li Ning launched the "2024 Bring Love Home" initiative, donating 2 million yuan worth of supplies to regions in need [16]. - The company supports youth sports development through partnerships and events, such as the "TOP24 Basketball Elite Competition," nurturing new talent in the industry [18].

证券代码：605299 证券简称：舒华体育 公告编号：2025- 027 舒华体育股份有限公司 2024年年度权益分派实施公告 本公司董事会及全体董事保证本公告内容不存在任何虚假记载、误导性陈述或者重大遗漏，并对其内容 的真实性、准确性和完整性承担法律责任。 重要内容提示： ● 每股分配比例 A股每股现金红利0.2元 一、通过分配方案的股东大会届次和日期 本次利润分配方案经舒华体育股份有限公司（以下简称"公司"）2025年4月2日的2024年年度股东大会审 议通过。 二、分配方案 1.发放年度：2024年年度 2.分派对象： 截至股权登记日下午上海证券交易所收市后，在中国证券登记结算有限责任公司上海分公司（以下简 称"中国结算上海分公司"）登记在册的本公司全体股东。但公司存放于回购专用证券账户的股份不参与 本次利润分配。 3.差异化分红送转方案： ● 相关日期 ■ ● 差异化分红送转： 是 每股的现金红利=参与分配的股本总数×实际分派的每股现金红利÷总股本 =410,714,390*0.20÷411,629,449≈0.1996元/股。 综上，公司除权除息参考价格=（前收盘价格-0.1996）÷（1+0）元/ ...

Core Insights - The "ZOKE" brand is entering a new phase of competition characterized by a three-dimensional strategy focusing on price, user engagement, and brand development [3] - The company emphasizes the importance of enhancing supply chains and achieving optimal cost-performance ratios to remain competitive [3] - The launch of new product lines has received positive feedback from partners, showcasing the integration of popular IPs and cultural elements into their offerings [7] Group 1: Strategic Focus - The current consumer market is described as entering a "three-dimensional competition" phase, which includes price competition, user engagement, and brand differentiation [3] - The company aims to build emotional connections with users through precise targeting and cultural value, enhancing its brand strength [3] Group 2: Sustainable Development Strategy - The sustainable development strategy encompasses four key areas: marketing, products, channels, and supply chains, with a focus on the brand's swimming culture and professionalism [5] - The marketing approach includes a "multi-scenario marketing + all-channel communication" matrix to enhance brand visibility [5] Group 3: Product Innovation - The new product series features collaborations with popular IPs such as Ultraman and Kuromi, infusing products with cultural and fashionable elements [7] - The "Binhai" series integrates natural aesthetics into fabric design, while the new Chinese-style swimwear combines Eastern aesthetics with modern design [9] Group 4: Cultural Integration - The "Swimming Valley" initiative promotes swimming as a vibrant lifestyle, merging sports, trends, culture, and collectibles [11] - The introduction of various swimming-related derivative products aims to enhance participant engagement and cultural connection [11] Group 5: Channel Optimization - The company is advancing its store upgrade strategy centered around the ninth-generation store image to enhance brand display and customer experience [13] - Operational empowerment is being utilized to improve single-store efficiency and strengthen market share [13] Group 6: Market Engagement - The event atmosphere was lively, with partners actively discussing new products, indicating a thriving business opportunity [15] - The company is committed to navigating the dynamic market landscape alongside its partners [15]

日前，安踏（02020.HK）发布《2024年度ESG（环境、社会及管治）报告》，系统披露其在绿色产品 创新、绿色低碳转型、绿色供应链共建等可持续发展领域的实践和成绩，这也是中国体育用品公司中首 个获得独立鉴证报告的ESG报告。 报告显示，在绿色产品方面，2024年安踏可持续产品占比突破30%，创新推出将库存成衣重新设计和再 造为新品的"安踏循环再造"系列。值得一提的是，2024年集团经过全生命周期碳足迹评估的产品达34 款，其中26款为碳中和认证产品。 在产品原材料方面，安踏集团优先采用对环境友好、健康安全的可持续原材料，并持续推进原材料溯源 工作。2024年集团100%鞋类产品皮革供应商获得LWG金级认证，超过99%的皮革可追溯。在产品包装 方面，安踏通过包装减量化、可持续包装使用和物料回收再利用，全面降低包装材料对环境的影响。 2024年安踏可持续包装占比提升至36%，服装产品使用超过90%可持续PE塑料袋。 安踏在报告中首次披露范围三间接温室气体排放数据，成为首批披露范围三的中国体育用品公司之一。 此外，集团总耗水密度下降2.5%，集团投资建设的自有营运工厂及物流中心光伏项目自发自用电力总 共超过88 ...

Core Viewpoint - The company 361 Degrees (01361) has announced a significant equity change involving its executive directors, aimed at establishing family trusts for succession and wealth management purposes [1][2]. Group 1: Equity Change Details - The equity change involves the establishment of family trusts by Mr. Ding Wuhao, Mr. Ding Huihuang, Mr. Ding Huirong, and Mr. Wang Jiabi, with the trusts named The DWH Trust, The DHH Trust, The DHR Trust, The WJB Trust, The DJT Trust, and The WJC Trust [1]. - Prior to the equity change, the aforementioned directors held approximately 65.60% of the shares in 361 Degrees through various investment companies [1][2]. - The trusts were established in the British Virgin Islands, with the trustees holding 100% ownership of the respective companies [1]. Group 2: Implications of the Equity Change - Following the equity change, the trustee's indirect equity interest in the companies increased from zero to approximately 65.60%, although the trustee does not have voting rights in the company [2]. - The directors remain as board members of their respective investment companies and can exercise voting rights through these companies [2]. - The company has sought a ruling from the executive officers regarding the equity change, confirming that it does not trigger a mandatory general offer under Rule 26.1 of the Takeovers Code [2].

本期导读： 并购市场持续升温。今年并购基金井喷，产业巨头也火力全开。 作者丨FOFWEEKLY 本期推荐阅读5分钟 安踏、同城旅行、分众传媒…… 2025年掀起了一波并购热潮，一众巨头开启大手笔收购动作。 "现在不是买不买的问题，而是买什么、怎么买。"在北京一个饭局上，某 产投集团投资负责人向 我们感叹。 据她介绍，从去年年底开始，就一直在忙着寻找并购标的。 无独有偶，日前，某文旅集团负责人也向我们透露出并购需求：1亿以下，二级公司可直接决策。 从头部企业的" 战略级收购 "，到大型产业集团 的"产业链整合" ，今年，巨头们开始买买买了。 巨头们买买买 并购市场热闹起来了。 "安踏收购德国狼爪"、"SKP 要被卖了"、"江南春买了竞对"、"同程旅行收购万达"…… 近期，市场上关于并购的新闻层出不穷，而A股上市公司发布的并购重组案例也持续增加。有数据 显示，今年以来A股发布的并购重组数量比去年同期出现翻倍式增长。 随着"并购六条"政策效应不断释放，A股并购重组热度持续攀升。据媒体报道，Wind数据显示：今 年以来，有超300家上市公司首次披露并购计划。 从并购规模看，超十亿元甚至百亿元的并购案例逐渐增多； 从行 ...

一、主要会计数据和财务指标 | 名称 | 持有数量(万股) | 占总股本比例 | 增减情况(万 | | --- | --- | --- | --- | | | | (%) | 股) | | 施美华 | 337.20 | 4.50 | 不变 | | 谢晓兵 | 149.01 | 1.99 | 不变 | | 刘辉 | 75.25 | 1.00 | 新进 | | 陈峰 | 60.52 | 0.81 | 12.52 | | MORGAN STANLEY & CO. INTERNATIONAL PLC. | 60.22 | 0.80 | 19.56 | | 周泳 | 49.39 | 0.66 | 不变 | | BARCLAYS BANK PLC | 47.09 | 0.63 | 新进 | | 高盛公司有限责任公司 | 41.47 | 0.55 | 新进 | | 朱伟 | 41.22 | 0.55 | 新进 | | 李飞 | 39.82 | 0.53 | 0.44 | | 较上个报告期退出前十大股东有 | | | | | 朱玲 | 37.45 | 0.50 | 退出 | | 赵海洋 | 37.05 | 0.49 | 退出 ...

记者近日从中国体育用品业联合会获悉，2025中国国际体育用品博览会(简称"2025中国体博会")筹备工 作全面进入冲刺阶段。4月23日，2025中国体博会新闻通气会在北京举办。中国体育用品业联合会副秘 书长温嘉介绍2025中国体博会的整体筹备情况，中国体育用品业联合会副主席兼秘书长罗杰接受媒体采 访。 据悉，展览总面积16.37万㎡，展位总数2616个，参展企业共计1798家。结合体育用品行业及市场变 化，本届展览继续完善展区划分，设三大展区(健身展区、体育消费及服务展区、体育场馆及器材展区) 共10大品类，38个细分产品(服务)专区。 2025中国体博会将立足江西南昌区位优势，汇聚全球体育产业资源，为体育强国和健康中国建设注入新 动能，通过产业链、创新链、服务链的"三链融合"，实现从产品展示到产业协同的质变突破。 当前，体育产业进入"稳中求进"的战略机遇期。如何把握这一机遇，推动体育产业的持续健康发展，成 为筹备2025中国体博会的重要课题。为此，中国体博会组委会深入调研市场，广泛听取各方意见，力求 在展会内容、形式、服务等方面实现创新与突破，为参展商和观众带来更加丰富、多元、高效的交流与 合作平台。另外， ...