新华社北京1月1日电 述评：体育之窗展现中国式现代化万千气象 新华社记者许仕豪、王恒志、王浩明 人形机器人亮出"功夫模式"，"城超""村超"热闹非凡，冰雪运动点燃冬日激情…… 2025年8月11日，在世界机器人大会展馆内，观众在宇树机器人展台观看机器人拳击展示。新华社记者 鞠焕宗 摄 新年前夕，国家主席习近平发表二〇二六年新年贺词，点赞了过去一年中国体育的多姿多彩、蓬勃生气。回望2025年，中国体育恰如一扇窗，生 动展现出中国式现代化的坚实步伐与万千气象。 这扇窗，折射出同心聚力、开放包容的大国气象。 2025年11月8日，第十五届全国运动会公路自行车男子个人赛决赛开赛，全程231.8公里，选手经过港珠澳大桥，跨越粤港澳三地。这是全运会历 史上首次举办跨境比赛。新华社记者毛思倩 摄 全民全运，同心同圆。这场首次由粤港澳三地联合承办的全运会，不仅是一场体育盛会，更是"一国两制"在体育领域的创新实践。两种制度、三 个关税区、十九个赛区，三地协同配合、无缝衔接。赛场上，粤港澳联队在南狮等项目中并肩作战，携手争光；赛场外，三地民心在"共襄盛举、 共享荣光"中贴得更紧。 志合越山海。过去一年，中国还出色举办了两项国际赛 ...

Core Viewpoint - The successful hosting of the 15th National Games in Huizhou has highlighted the capabilities of the Huizhou Huayang District's skateboard manufacturing industry, supported by stable power supply from the Southern Power Grid Guangdong Huizhou Huayang Power Supply Bureau, which aims to promote "green electricity" and enhance local manufacturing strength [1][2]. Group 1: Event and Industry Impact - The Huizhou Huayang District skateboard industry showcased high-quality products during the National Games, with Huizhou Jiecheng Sports Equipment Co., Ltd. recognized as a "hidden champion" in high-end skateboard manufacturing [1]. - The power supply bureau proactively engaged with local manufacturers to ensure stable electricity supply, which was crucial for the production lines during the event preparation [1][2]. Group 2: Power Supply Assurance - The power supply bureau established a special service team for key clients, implementing a tailored approach to meet the specific electricity needs of Huizhou Jiecheng Sports Equipment Co., Ltd. [2]. - Regular inspections and monitoring of critical equipment were conducted to ensure the reliability of the power supply, with over 20 specialized electricity inspections carried out this year [3]. Group 3: Cost Efficiency and Service Enhancement - The power supply bureau analyzed the electricity consumption patterns of the company and recommended a change in the pricing structure, resulting in monthly savings of approximately 12,000 yuan, totaling over 140,000 yuan annually [4]. - Additional services provided included energy consumption management and feasibility assessments for production line expansions, ensuring adequate power supply for future growth [4]. Group 4: Digital Transformation in Operations - The power supply bureau utilized advanced technologies such as drone inspections and smart terminals for remote monitoring and analysis of key power lines and distribution equipment, shifting from reactive to proactive service [5]. - The bureau aims to enhance the safety and efficiency of electricity supply for local industries, positioning itself as a reliable partner in the development of "Huizhou Intelligent Manufacturing" [5].

Core Insights - The 2025 Jing Shan Tennis Open is being held from September 20 to 28, marking Jing Shan as the first county-level city in China to host an international professional tennis event [1][9] - Jing Shan is recognized as the only "Chinese Tennis Characteristic City" in the country, with over 100,000 tennis enthusiasts among its 600,000 residents, predominantly youth [3][5] Summary by Sections Tennis Infrastructure and Community Engagement - Jing Shan has developed a robust tennis infrastructure with over 340 courts, allowing residents to find a court within a 15-minute walk [3][6] - The affordability of tennis facilities, with many public courts free during the day and only a nominal fee for lighting at night, has made the sport accessible to the general public [3][5] Economic Impact and Industry Development - The local government is fostering a "Tennis+" industry chain that includes events, training, equipment manufacturing, sports health, and tourism, aiming to enhance economic vitality [6][8] - The city has signed over 100 projects worth more than 1 billion yuan this year, leveraging tennis events to attract investment [6][9] Educational and Training Opportunities - The Hubei Tennis School has 555 students, with nearly 30% coming from outside the region, indicating a growing interest in tennis education [5][8] - The expected revenue from training programs for members and enthusiasts is projected to reach 45 million yuan this year [8] Internationalization and Tourism Promotion - The Jing Shan Tennis Open is seen as a crucial step towards internationalization and improving the quality of the local economy [9] - During the event, various promotions and activities are planned to attract visitors, including discounts at local attractions and travel packages [9]

Core Insights - Dezhou has been recognized as a leading manufacturing cluster for high-end sports equipment, with a total of 3,169 sports industry enterprises and an annual output value exceeding 45.8 billion yuan [1][2] - The city has developed into the largest production and research base for sports equipment in China, creating over a thousand industry standards and technical patents [1][2] - The local government has implemented strong policies to support the integration of sports manufacturing with events and consumer activities, aiming to build a "characteristic sports city" [2] Industry Growth - The sports equipment industry in Dezhou has seen significant growth, with a revenue growth rate of over 30% for large-scale enterprises in recent years [2] - Major companies such as Taishan Sports and Meilida have established themselves as leading brands in the industry, contributing to the city's reputation [2] - The city has outlined ten key tasks to promote the development of the sports equipment industry, ensuring a favorable policy environment [2][3] Event Hosting - Dezhou has hosted over 300 sports events this year, including international and national competitions, attracting more than 700,000 participants [4][6] - Upcoming events include the Dezhou Canal Marathon and the Provincial Mass Fitness Games, with over 200 additional events planned for the second half of the year [5][6] - The hosting of these events is seen as a critical step in the chain development of the sports industry, driving consumption and community engagement [4] Consumer Engagement - The sports manufacturing industry has enhanced the quality of sports products available to consumers, leading to a surge in sports participation and spending [6] - Dezhou ranks third in Shandong province for per capita sports consumption, with a total sports consumption scale of 10.894 billion yuan and an average expenditure of 1,967.83 yuan per person [6] - The shift in consumer behavior reflects a growing investment in health and wellness, with increased participation in various sports activities across demographics [6]

Core Insights - The article discusses the transformation of a snow sports equipment company, Snow Eagle, which has successfully pivoted to the emerging market of pickleball equipment amidst challenges in the snow sports export market [1][2]. Group 1: Company Overview - Snow Eagle started as an OEM for ski gloves in 2002 and established its own brand in 2016, gaining traction with innovative products like heated ski boot bags and multifunctional sterilization backpacks [2]. - The company faced export market challenges due to international instability and trade wars, prompting a strategic shift towards pickleball equipment production [2][5]. Group 2: Market Opportunity - Pickleball, a sport combining elements of tennis, badminton, and table tennis, has seen a 35% annual growth in North America, with lower venue costs compared to badminton, making it accessible to a wider audience [2][6]. - The company has developed a range of pickleball products, including various types of paddles and balls tailored for different environments and skill levels [2][4]. Group 3: Community Engagement and Promotion - Snow Eagle has initiated community engagement through the establishment of pickleball clubs and organized competitions to promote the sport, aiming to increase public awareness and participation [4][6]. - The company has collaborated with local government and educational institutions to integrate pickleball into school curriculums and community activities, enhancing its visibility and popularity [6][7]. Group 4: Industry Impact - The rise of pickleball reflects a broader trend in China's sports manufacturing sector, shifting from a focus on price competition to creating demand through innovative products and services [7]. - Local government support has been instrumental in promoting pickleball, with initiatives to build facilities and train coaches, further solidifying the sport's presence in the region [6][7].

Group 1 - The core viewpoint is that the surge in stock prices of sports-related companies, particularly Jinling Sports and Gongchuang Turf, is driven by the popularity of the Jiangsu City Football League, leading to significant stock price fluctuations and warnings of potential irrational trading behavior [1][6]. - Jinling Sports reported a cumulative stock price increase of 100.41% over five trading days, indicating severe abnormal trading fluctuations [1][2]. - The dynamic P/E ratio of Jinling Sports is -558.28, while the static P/E ratio is 141.35, and the P/B ratio is 4.94, reflecting the company's current market valuation amidst the stock price volatility [2]. Group 2 - Gongchuang Turf, another leading stock, also announced significant stock price increases and trading volume, highlighting the risk of irrational speculation [6]. - Gongchuang Turf's main business is artificial turf, with projected revenues of 2.052 billion yuan from leisure grass and 594 million yuan from sports grass in 2024, accounting for 69.93% and 20.25% of its main business revenue, respectively [6]. - The company holds the largest global market share in artificial turf, with its sports grass products widely used in social sports venues, although domestic football events do not significantly impact its operational performance [6]. Group 3 - The sports industry in China has seen growth from 2.9 trillion yuan in 2019 to 3.7 trillion yuan, with a CAGR of approximately 5.7%, driven by supportive policies and a youth consumer base [7]. - The total output value of sports competition and performance activities is projected to grow from 30.9 billion yuan in 2019 to 75.2 billion yuan by 2024, with a CAGR of around 23% [7][8]. - Recent government initiatives aim to streamline the approval process for sports events, enhancing the efficiency of event preparation and supporting the supply of quality sports projects [8].

Core Insights - Ningjin County in Shandong has become the largest commercial fitness equipment production base in China, holding over 70% of the domestic market share and exporting to more than 170 countries and regions [1][3] - The county has nearly 3,000 sports equipment companies, with an expected annual output value of 13.9 billion yuan in 2024 and over 40,000 employees, significantly boosting employment in the supply chain [3][4] - The local industry has developed a complete supply chain, allowing for efficient production processes where all components can be assembled within the county [4][6] Industry Development - The fitness equipment sector has shifted from being primarily export-driven to increasingly focusing on the domestic market, reflecting growing domestic demand [8] - Companies in Ningjin are expanding their product lines to include snowmobiles and simulated ice equipment, responding to market needs [6] - The production capacity of a local company is approximately 1,300 units per day, with a quarterly sales revenue exceeding 200 million yuan, showing a 90% increase in domestic sales and a 40% increase in international sales [9] Technological Innovation - The industry is investing heavily in research and development of smart sports equipment and participating in the formulation of international standards [12][14] - A sports industry park in Shandong is home to a national sports equipment engineering technology research center and has produced around 200,000 bicycles and 20 million square meters of artificial turf annually [12][14] - Chinese companies are increasingly providing integrated solutions for global sports users, enhancing their capabilities in both domestic and international markets [16] Market Recognition - Chinese sports equipment manufacturers are gaining recognition from international sports organizations, becoming designated suppliers for various events [18] - The sports industry in China has accelerated its development over the past decade, with companies focusing on upgrading production and diversifying product offerings [19]

Core Viewpoint - Jinling Sports reported a significant decline in revenue and net profit for the fiscal year 2024, attributing the downturn to a sluggish market economy and a decrease in event-related sales [1][2] Financial Performance - In 2024, the company achieved an operating income of 374 million yuan, a year-on-year decrease of 27.30% [1] - The net profit attributable to shareholders was 2.676 billion yuan, reflecting a year-on-year decline of 60.42% [1] - The net profit after deducting non-recurring items was 491.16 million yuan, with a decline rate of 88.97% [1] Business Strategy and Future Outlook - The company is focusing on stabilizing its existing business while gradually realizing the value of new business segments [2] - Jinling Sports is addressing underperforming projects and enhancing the synergy among its joint ventures [2] - The company aims to capitalize on the recovery of sports events and consumer spending, particularly in sports equipment manufacturing, sports information technology, and sports consumption services [2] - Jinling Sports plans to develop a brand matrix for sports consumption, targeting the establishment of a century-old national sports brand for China [2] - The company is exploring growth points in the 2C business model while maintaining its 2B operations, focusing on horizontal expansion of sports equipment products and vertical integration of the sports industry chain [2]