Financial Performance - Company reported a revenue increase of 3.3% to 14.82 billion yuan, with a gross profit rise of 2.5% to 7.41 billion yuan, resulting in a gross margin of 50% [1] - Net profit attributable to equity holders reached 1.74 billion yuan, with a net profit margin of 11.7% [1] - As of June 30, total cash and cash equivalents amounted to 11.8 billion yuan, an increase of 4.3 billion yuan compared to the end of 2024 [1] Market Competition and Strategy - Company acknowledges intense market competition but views it as an opportunity to enhance brand and product competitiveness for sustainable growth [3] - Emphasis on deepening core categories such as running, basketball, and cross-training while exploring new sports categories like outdoor and pickleball [9] Product Performance - Footwear remains the main revenue pillar, with a 5% increase in shoe product revenue, accounting for 56% of total revenue [7] - Retail sales in running and cross-training categories grew by 15%, contributing to 67% of total retail sales [4] R&D and Technological Investment - Company has invested over 3.8 billion yuan in R&D over the past decade, with an 8.7% increase in R&D spending in the first half of 2025 [8] - The introduction of "super" technology in products like the "Yueying 5PRO" running shoes has been well-received in the market [8] Brand Development and Partnerships - Strategic partnership with the Chinese Olympic Committee aims for long-term brand development and exposure in major international events from 2025 to 2028 [12][13] - Company plans to enhance marketing activities and product launches in alignment with its partnership with the Chinese Olympic Committee [13]

Group 1 - The company Sanbaisuo (SZ 001300) announced on August 20 that Mr. Fang Ruizheng has resigned from his position as the Secretary of the Board for personal reasons. After his resignation, he will not hold any position within the company [2] - For the first half of 2025, Sanbaisuo's revenue composition is entirely from sports goods, accounting for 100.0% [2]