Core Insights - A new individual business named Ganzhou Zhanggong District Lesu Sports Equipment Center has been established, with a registered capital of 10,000 RMB [1] - The legal representative of the business is Tang Jinnan [1] Business Scope - The business is authorized to engage in food sales, retail of tobacco products, and alcohol sales, subject to necessary approvals from relevant authorities [1] - General activities include billiards, wholesale and retail of sports goods and equipment, fitness and leisure activities, sports health services, and sales of pre-packaged health food [1] - The business also includes internet sales, excluding items that require special permits [1]

Core Viewpoint - The recent surge in the stock price of Jinling Sports is driven by speculative trading amidst a lack of solid fundamentals, raising questions about the sustainability of this trend [1][2]. Group 1: Market Activity - The Jiangsu Provincial Urban Football League (Su Super) has sparked interest in the sports industry, leading to a nearly 15% increase in the sports index since May [1]. - Jinling Sports has seen its stock price double in just five trading days, with three consecutive days of "20cm" limit up [1][2]. - Institutional investors have shown limited interest in Jinling Sports, with the last research report published over a year ago [1]. Group 2: Financial Performance - Jinling Sports reported its largest quarterly loss since its listing in Q1 2024, with a revenue of 51.68 million yuan, down 26.09% year-on-year [4]. - The company's net profit attributable to shareholders fell to a loss of 8.82 million yuan, marking a 2203.24% decline compared to the previous year [4]. - For the full year 2024, Jinling Sports expects a revenue decline of 27.3% to 373 million yuan and a net profit drop of 60% to 26.76 million yuan [4]. Group 3: Business Operations - Jinling Sports' main business includes sports equipment, venue facilities integration, and sports information, with the highest revenue coming from ball equipment [5]. - In 2024, revenue from ball equipment decreased to 162 million yuan, a 28% drop, while event services revenue plummeted 72% to 17.59 million yuan [5]. - The company is exploring new business models, focusing on both B2B and B2C strategies to enhance sports consumption experiences [6].

Market Overview - A total of 53 stocks hit the daily limit up in the A-share market, with a limit-up rate of 66.25% after excluding 11 ST stocks [1] Financial Technology Sector - Yuyin Co. had the highest limit-up order volume with 879,300 hands and a total order amount of approximately 5.57 billion yuan [2] - Other notable stocks include Nanwang Energy, ST United, and Hailian Jinhui, with limit-up order volumes of 385,700 hands, 373,300 hands, and 360,000 hands respectively [2] - Yuyin Co. has established itself as a provider of intelligent comprehensive service solutions in the financial technology field, gaining high recognition in the market [2] Pharmaceutical Sector - Several pharmaceutical stocks, including Huason Pharmaceutical and Ruizhi Pharmaceutical, also hit the limit-up [3] - Huason Pharmaceutical received approval from the Singapore Health Sciences Authority for its traditional Chinese medicine product, Pain-Diarrhea Ning Granules, allowing it to be sold in Singapore [3] - Ruizhi Pharmaceutical has developed an ADC one-stop R&D platform with over 15 years of experience, assisting partners in early-stage R&D projects [3] Livestock Sector - Juxing Agriculture reported a significant increase in pig sales, reaching 328,600 heads in April, a year-on-year growth of 115.46% [5] - Xiangjia Co. sold 4.4367 million live poultry in April, generating sales revenue of 80.7027 million yuan, with month-on-month changes of 17.46% and 12.62% respectively [6] Sports Industry - Gongchuang Turf and Jinling Sports are among the stocks that hit the limit-up in the sports industry [7] - Gongchuang Turf is recognized as a preferred supplier of artificial turf by FIFA and other international sports organizations [7] - Jinling Sports is actively exploring growth points in the sports consumption service sector, aiming to enhance the quality of sports consumption services [7] Institutional Investment - Sifang Jingchuang received over 1.5 billion yuan in net purchases from institutions [8] - The top three net purchases on the leaderboard included Sifang Jingchuang, Yunnai Power, and Xue Ren Co., with net purchases of 2.37 billion yuan, 1.68 billion yuan, and 1.57 billion yuan respectively [9] - Institutional net purchases for Sifang Jingchuang reached 1.52 billion yuan, while the deep stock connect saw a net purchase of 1.9 billion yuan for the same stock [9]