Financial Data and Key Metrics Changes - In the first half of 2023, the company's revenue was RMB 652 million, representing a 14.8% increase compared to the previous year [4][12] - Net profit increased by 12.7% to RMB 670 million, with a net profit margin of 10.2% [5][14] - The interim dividend was set at RMB 0.137 per share, with a payout ratio of 50% [5][12] Business Line Data and Key Metrics Changes - Revenue from core brands increased by 10.9% to RMB 543 million, accounting for 83.2% of total revenue [12][15] - The mass market segment saw a 15% growth, while the leisure and professional sports segments also reported significant increases [15][16] - K Swiss and Palladium brands experienced an 18.9% increase in sales, primarily driven by the Chinese market [16] Market Data and Key Metrics Changes - Retail sell-through for core brands increased by 20% in Q1 2023, with high double-digit growth continuing into Q2 [4][10] - The company reported a significant slowdown in growth starting in May, but maintained double-digit growth in July and August [10][11] - The company has 8,031 core XTEP branded stores, primarily located in Mainland China [13] Company Strategy and Development Direction - The company aims to strengthen its core brand strategy and enhance its R&D capabilities, particularly in the running segment [7][25] - There is a focus on nurturing new brands and expanding the ecosystem for running, aligning with national health and exercise policies [7][8] - The company plans to enhance its store experience and increase market share among younger consumers [34][36] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in leading the sector despite potential challenges from consumption and the economy [8][43] - The company maintains a sales growth guidance of 15% to 20% for the year [44] - Management noted that while there are uncertainties in the global economy, the demand for value-for-money products in the mass market remains strong [43] Other Important Information - The company received an upgrade in its MSCI ESG rating from BB to BBB, the highest in the industry [12] - The company is committed to sustainability, with plans to donate RMB 100 million to support youth development in rural areas [31] Q&A Session Summary Question: What is the outlook for the company's sales growth? - The company remains confident in achieving a sales growth of 15% to 20% for the year despite market fluctuations [44] Question: How is the company addressing the challenges in the retail environment? - Management highlighted the focus on enhancing brand awareness through direct-to-consumer (DTC) channels and improving store experiences [37][38] Question: What are the company's plans for new product launches? - The company plans to continue launching innovative products, particularly in the running segment, to attract both professional and mass market consumers [25][26]

江苏康力源体育科技股份有限公司 首次公开发行股票并在创业板上市 发行结果公告 保荐人（主承销商）：东海证券股份有限公司 江苏康力源体育科技股份有限公司（以下简称"发行人"或"康力源"）首次公 开发行股票并在创业板上市的申请已经深圳证券交易所（以下简称"深交所"）创业 板上市委员会审议通过，并已经中国证券监督管理委员会证监许可〔2023〕1023 号 文同意注册。本次发行的保荐人（主承销商）为东海证券股份有限公司（以下简称 "保荐人（主承销商）"）。发行人的股票简称为"康力源"，股票代码为"301287"。 本次发行采用网上向持有深圳市场非限售 A 股股份和非限售存托凭证市值的社 会公众投资者直接定价发行（以下简称"网上发行"）的方式进行，不进行网下询价 和配售。本次发行股份全部为新股，不转让老股。本次发行数量为 1,667 万股，其 中，网上发行 1,667 万股，占本次发行数量的 100.00%。本次发行价格为 40.11 元/ 股。本次发行的股票无流通限制及锁定安排。 本次发行的网上认购缴款工作已于 2023 年 6 月 7 日（T+2 日）结束。具体情况 如下： 一、新股认购情况统计 保荐人（主承销商） ...