Core Viewpoint - The Jiangsu Super League ("Su Chao" League) has gained significant popularity, leading to a surge in the A-share sports industry, particularly benefiting Jiangsu Gongchuang Artificial Turf Co., Ltd., which has seen its stock price reach a three-year high [1][4]. Company Overview - Jiangsu Gongchuang Artificial Turf Co., Ltd. is the largest manufacturer and seller of artificial turf globally, with a market share of 14 years at the top position [4]. - The company is a key player in the artificial turf industry and is the only A-share listed company in this sector [4]. - It is one of the six global preferred suppliers of artificial turf for FIFA [4]. Financial Performance - The company has shown continuous revenue growth, with a notable recovery in revenue growth expected in 2024 [8]. - In 2023, the revenue from sports artificial turf approached 600 million yuan, accounting for over 20% of total revenue [8]. Innovation and Competitive Advantage - The number of patents filed by the company has increased significantly, nearing 100 by the end of 2024, which is three times the number in 2016 [11]. - The company is expected to leverage its competitive advantages as a global industry leader and focus on refined operations in key regions [11]. Market Dynamics and Risks - The company faces uncertainties due to its high reliance on overseas revenue, which accounts for nearly 90% of its income [12]. - The impact of U.S. tariff policies on its business is a concern, although the company has managed to maintain a competitive pricing advantage over local U.S. manufacturers [13]. - The company has indicated that the U.S. market will continue to be primarily supplied by Chinese manufacturers despite tariff challenges [13]. Industry Outlook - The domestic sports industry is projected to grow significantly, with the total scale reaching 36,741 billion yuan in 2023, a 68.3% increase since 2018 [15]. - The sports industry is expected to become a new engine for high-quality economic development, with a market size projected to reach 70 trillion yuan by 2035 [15]. - The rise of new consumer trends is likely to enhance the attractiveness of sports stocks [14].