Core Insights - Pickleball has rapidly gained popularity, becoming a new favorite sport among celebrities and the general public alike, with notable figures like Zhang Manyu and Jolin Tsai endorsing it [1][4][6] - The sport's accessibility and social aspects contribute to its appeal, making it suitable for all ages and skill levels, leading to a surge in participation and venue usage [4][10][12] Industry Trends - The pickleball market is experiencing significant growth, with equipment sales increasing by 1075% over the past year, indicating a strong demand for related products [19] - Major brands like JOOLA are entering the Chinese market, establishing a presence through direct-to-consumer strategies and localized product offerings to cater to domestic preferences [14][15][16] Venue Operations - Venues like Vile Sports in Beijing are achieving high utilization rates, with 80% usage, attributed to effective community engagement and personalized customer interactions [7][9][10] - The operational model of pickleball venues emphasizes community building and social interaction, differentiating them from traditional sports facilities [9][12] Event and Community Engagement - The establishment of a structured event system is crucial for the sport's growth, with plans for increased competitions and a comprehensive ranking system by 2025 [23][24] - Sponsorships and partnerships with brands like Li Ning are enhancing the visibility and credibility of pickleball events, indicating a long-term commitment to the sport's development in China [20][21] Future Outlook - The sport is expected to continue its upward trajectory, with industry experts believing that pickleball will not experience a rapid decline like other trending sports, due to its robust commercial framework and community support [21][27][28] - The potential inclusion of pickleball in future Olympic events is seen as a significant milestone that could further elevate its status and participation rates [20][21]

◎记者 时娜 上市公司的回购增持热潮持续至2026年。2026年1月4日，东诚药业、世纪华通等上市公司发布回购股份 计划，宁德时代、美的集团、潍柴动力、蓝思科技等多家深市龙头公司也披露了回购进展情况，英派斯 等公司披露增持计划实施情况，以"真金白银"传递信心，夯实公司价值投资基础。此外，多家上市公司 近日宣布向投资者派发"大红包"。 股份回购是上市公司优化股权结构、提升股东回报的重要抓手。2026年伊始，便有深市上市公司发布股 份回购计划。 东诚药业1月4日公告，计划以集中竞价交易方式回购股份，金额不低于1亿元（含），不超过2亿元 （含），用于实施股权激励和/或员工持股计划。回购价格不超过18.00元/股。 2025年以来，深市上市公司积极回应号召、立足自身发展，持续掀起"真金白银"的回购、增持、分红热 潮，多措并举提升投资者回报，为资本市场健康发展注入强劲动力。 上市公司下"红包雨" 据上海证券报记者不完全统计，2025年12月31日至2026年1月4日晚，仅深市就有15家公司披露半年度或 三季度分红实施公告，相关分红将于2026年1月陆续到账。 其中，天赐材料公告，公司2025年前三季度利润分配预案已获2 ...

"最近每天都有几十名顾客来咨询滑雪装备，周末客流量更是翻倍，滑雪服和儿童滑雪套装卖得最好。 其中，滑雪服里的基础款更为畅销，特别是马卡龙色系受到顾客喜爱。"迪卡侬（湘江路店）的工作人 员表示。 "要滑得好、滑得帅，装备一定不能差。"2026年1月3日，正在选购单板滑雪板的长沙市民刘先生告诉记 者，他计划春节期间带家人去滑雪，提前来选购装备。 近日，湖南多个滑雪场正式开"板"迎客，冰雪运动迅速升温，也带动长沙滑雪装备市场迎来销售旺季。 滑雪服、滑雪板、专业护具等产品销量大幅攀升，成为冬日消费市场的一抹亮色。 不少雪具品牌推出马年限定款装备 1月3日，记者走访长沙多家体育用品店发现，滑雪装备被摆放在显眼位置，色彩鲜艳的滑雪服、款式多 样的滑雪板、防护性能优良的头盔和手套等产品琳琅满目，吸引了不少市民驻足选购。 其实，冰雪消费热度持续攀升和政策的助力息息相关。2025年11月，国务院办公厅印发的《关于以冰雪 运动高质量发展激发冰雪经济活力的若干意见》明确推进冰雪运动"南展西扩东进"战略，为南方城市发 展冰雪运动提供了方向指引。 长沙也早就开始布局冰雪经济，2022年，长沙市发布《关于持续推进全市青少年冰雪运动进校园 ...

Core Viewpoint - Anta Children's new Linglong store in Beijing Blue Harbor has launched the first Linglong Sports Laboratory, focusing on youth physical health assessment and personalized sports recommendations [1] Group 1: Company Initiatives - Anta Children's Linglong store features the "Linglong Eye" physical health assessment system, which provides a comprehensive growth health evaluation for youth [1] - The Linglong Sports Laboratory is established in collaboration with Shanghai Sixth Hospital National Orthopedic Medical Center and Beijing Sport University, targeting the physical health and sports potential assessment of Chinese youth [1] Group 2: Assessment System - The "Linglong Eye" system captures the development status of youth foot arches through three dimensions: foot shape scanning, posture detection, and gait analysis [1] - The testing space includes assessments for agility, coordination, balance, jumping ability, and speed, identifying strengths and areas for improvement in children's athletic capabilities [1]

海澜之家需要国际化， 阿迪达斯则需要扎根本土。 海澜之家与阿迪达斯的合作正变得"深刻"。 12月28日，在江苏省江阴市海澜飞马体育公园，海澜之家与阿迪达斯共同宣布，双方将超越传统的商业探索，正式构建"体育+"生态圈。 有趣的是，尽管海澜之家代理阿迪达斯已两年有余，但本次发布会仍可被视作对于合作的"首次线下公开"。 作为本土品牌，海澜之家需要国际化，阿迪达斯则需要扎根本土。 "现在的阿迪达斯与两三年前相比很不一样了。" 发布会现场，海澜集团董事长周立宸如此坦言。"两年以前，我们互相'试探'，而截止到今年，我们已经有数百家（adidas FCC）门店。" 在他的感知中，阿迪达斯真正做到了"爱中国，在中国，为中国"，海澜之家也已成为其重要的合作伙伴。双方在聚势联合下共同成长，积极拥抱来自中国 市场的变化与挑战，也将切实助力中国体育事业的发展。 以体育为"价值内核" 也正是基于对健康生活方式的追求，海澜之家与阿迪达斯共建的"体育+"生态圈，将秉持"开放、互补、可持续"的原则，始终以"体育"为价值内核，并拓 展至赛事运营、产品共创、公益行动、文化传播等多元维度。 海澜之家与阿迪达斯的"缘分"始于2023年。 据介绍，海 ...

敢为人先，爱拼会赢。2025年1月初，福建首次召开全省优化营商环境大会，强调要在推进一流营商环 境建设上奋勇争先。2025年，福建出台首部优化营商环境中长期规划，推进"高效办成一件事"等改革， 截至11月底，全省实有经营主体771.1万户，八闽大地营商环境持续优化升级。 海西晨报2026-01-03 21:05:12 "十五五"开局之年，2026年的"新年第一会"即将登场。正值《福建省民营经济促进条例》正式实施，一 切恰逢其时。从昔日的资源小省到如今的民营经济大省，福建多措并举优化营商环境、全力以赴拼经 济，为民营企业铺就了一条愈发宽广的发展之路。 · 2025胡润百富榜上 闽商大佬组团霸屏 数量稳坐全国前五 字节跳动张一鸣、宁德时代曾毓群 冲进TOP10 "三分天注定" 是依山傍海的地理特征 赋予福建人出门闯荡的秉性 福建人乐观豁达 常自我调侃:在家是条虫,外出是条龙。 "七分靠打拼" 是刻进福建人DNA的生存法则 一代又一代的福建人 接力跑出了一条全球瞩目的"福建赛道" 1979年 晋江市陈埭镇造出第一双"晋江鞋" 福建人穿着自己造的鞋 从闽南石板路冲向世界领奖台 视 难量量 TP 早在宋元时期 晋江人就 ...

12月31日， 贵金属全线回调。纽约期金跌超1%， 纽约期银更是大跌8.91%，伦敦白银现货 价格大跌6.08% ，铂、钯均大跌。 上天天基金APP搜索777注册即可领500元券包，优选基金10元起投！限量发放！先到先得！ 【导读】白银暴跌！美股指收跌为 2025 画句号；库克出手增持，耐克股价大涨；离岸人民 币盘中再创 15 个月新高 美东时间 12 月 31 日，美股 2025 年最后一个交易日交投清淡，三大指数在收跌中为 2025 年画上句号。 截至收盘，道指跌 0.63% ，报 48063.29 点；标普 500 指数跌 0.74% ，报 6845.5 点； 纳指跌 0.76% ，报 23241.99 点，均录得四连跌。拉长时间来看， 2025 年全年，道指涨 12.97% ，标普 500 指数涨 16.39% ，纳指涨 20.36% ，均录得年线三连涨。 花旗集团美国股票策略主管斯科特 · 克罗内特认为，当前市场正处于 " 繁荣期 " 而非 " 泡 沫期 " 。展望新的一年，他基于强劲的盈利预期和即将出现的行业板块扩散态势，对市场前 景保持乐观。 消息面上，当地时间 2025 年 12 月 31 日 ...

Summary of Conference Call Notes Industry Overview - The macroeconomic environment is favorable for the stock market in 2026, with global economic growth projected at 2.8%, higher than the market expectation of 2.5% [2][4] - The U.S. economy is expected to grow by 2.6%, benefiting from reduced tariff barriers, tax cuts, and a loose monetary environment [4] - The impact of artificial intelligence (AI) on GDP growth has not been included in these predictions [4] Key Financial Projections - S&P 500 earnings per share (EPS) are forecasted to grow by 12% in 2026, reaching $305, with revenue growth of 7% and a profit margin increase of 70 basis points [6][8] - In 2027, EPS is expected to grow by an additional 10%, reaching $336 [6][8] - The largest seven stocks in the S&P 500 are projected to contribute 46% of the index's EPS growth by 2026 [12] Sector Insights - Cyclical sectors are expected to see accelerated earnings growth, with consumer and non-residential construction stocks underperforming relative to economic growth expectations [17][21] - AI-driven productivity improvements are a focal point, with predictions that AI will contribute to a 0.4% increase in S&P 500 EPS by 2026 and 1.5% by 2027 [15][27] Investment Themes and Stock Recommendations - Focus on companies that have adopted AI to enhance productivity, with a specific index (GSXUPROD) tracking non-tech companies integrating AI into their operations [26] - Recommended stocks include: - **RBLX**: Target price of $180, with a potential upside of 122% [45] - **GEV**: Target price of $840, with a potential upside of 37% [46] - **HOOD**: Target price of $167, with a potential upside of 42% [46] - **AVGO**: Target price of $450, with a potential upside of 30% [46] - **SNPS**: Target price of $600, with a potential upside of 25% [46] - **Uber**: Target price of $126, with a potential upside of 58% [47] - **DKS**: Target price of $285, with a potential upside of 36% [47] - **DRI**: Target price of $225, with a potential upside of 20% [48] Economic Concerns - The "K-shaped economy" persists, with low-income groups facing significant inflationary pressures while high-income groups experience wealth growth [32][33] - The labor market is expected to remain stagnant, impacting consumer spending, particularly among low-income households [33] Conclusion - The overall outlook for 2026 is optimistic, with strong economic growth anticipated, particularly in the U.S. However, challenges remain for low-income consumers and certain sectors that have not fully capitalized on economic recovery [4][12][33]

Summary of Key Points from Conference Call Records Industry or Company Involved - **Moutai**: Focus on stable supply and market demand - **Angel Yeast**: Benefiting from cost reductions and market improvements - **Yili**: Anticipating price recovery in dairy products - **Li Ning**: Strategies for inventory and product innovation - **Electric Bicycle Industry**: Focus on leading companies like Yadea and Aima - **Home Appliances**: Impact of subsidy policies - **Pork Farming Industry**: Current market conditions and investment opportunities - **Smart Glasses Market**: Growth expectations and product developments Core Points and Arguments - **Moutai's Strategy**: In 2026, Moutai will maintain stable total supply while reducing high-value product investments and increasing supply of Feitian Moutai to tap into mass market demand, which is expected to stabilize prices in the long term [1][3] - **Angel Yeast's Performance**: Expected to outperform the sector in 2026 due to lower sugar molasses procurement costs and improvements in the domestic restaurant chain [1][4][5] - **Yili's Growth**: Anticipated turning point in milk prices in Q2 and Q3 of 2026, with a focus on product innovation and high-end branding to achieve quality growth [1][5] - **Li Ning's Strategy**: Effective inventory management and product innovation, including new running shoes, are expected to drive revenue recovery, with a projected profit of 2.7 billion yuan in 2026 [1][6][7] - **Electric Bicycle Industry Outlook**: Leading companies like Yadea and Aima are currently undervalued, with a focus on spring sales data to assess market recovery [1][8][9] - **Home Appliance Subsidy Policy**: The renewal of the subsidy policy, totaling 250 billion yuan, is expected to positively impact related sectors, including smart glasses, with projected sales growth of 78% in 2025 [1][11][12] - **Pork Farming Industry**: Continuous reduction in breeding sow capacity presents a window for investment in quality pork stocks, despite recent price recoveries not changing the fundamental supply-demand dynamics [2][31][32] Other Important but Possibly Overlooked Content - **Smart Glasses Market**: Expected domestic shipment of 4.5 million units in 2025, indicating significant growth potential [1][12] - **Investment Recommendations**: Companies like Jimi Technology, TCL Electronics, and Anke Innovation are highlighted for their low valuations and growth potential in the context of new product lines and market recovery [1][14] - **Pork Industry Valuation**: Current valuations in the pork sector are considered severely undervalued, making it a prime area for investment [2][32] - **Poultry Industry Insights**: The yellow feather chicken market shows promising investment opportunities, while the white feather chicken market faces challenges due to seasonal factors [2][33] This summary encapsulates the essential insights and projections from the conference call records, providing a comprehensive overview of the discussed industries and companies.

| | 分野 多日 19 5分 159 30分 60分 日 周 月 通停 | F9 盘前盘后 最加 九轮 阅读 工具 () ( > | | 小鹏汽车 | | XPEV | | --- | --- | --- | --- | --- | --- | --- | | 22,40 | XPEV/小壁汽車109/45 � 20.115 液肤 -1.165(-5.47%) 约价 20.244 域交量 2.4万 ×8交盒额 49万 | 2025/12/31 WindASh 第15名 | | 20.115 | | -1.165 -5.47% | | | | | | NYSE USD 9:45:44 | | ADR 26-22 14 | | 22,200 | | | 4.717 % | 20(9868) | 79350(-0.94%) H/U:- 1.35% | | | | | | | 盘前线 | 20 430 涨幅 ** | -3.99% | | 000722 | | | 1763 | 流时 | 0.850 盘前暨 | 19.03万 | | 21.800 | | | 2,000 | 177 | 20,120 | 625 | ...