Core Points - The article emphasizes the importance of preparation and skills for mountain climbing, highlighting that proper planning can significantly reduce risks associated with the activity [2][3]. Preparation Before Climbing - Planning the route is essential, especially for beginners, who should choose accessible mountains with lower difficulty and a well-defined path [3]. - Learning technical skills, such as using navigation devices and trekking poles, is crucial [4]. - Downloading offline maps for navigation is recommended [5]. - Understanding elevation changes is important, with a suggestion to limit total ascent and descent to less than 1000 meters in a single day [6]. - Checking weather forecasts to avoid adverse conditions like thunderstorms or extreme heat is advised [7]. - Engaging in adaptive training, such as stair climbing and weight training, can enhance physical readiness [8]. Key Points During Climbing - Listening to one's body and knowing when to turn back is vital for safety [9]. - Maintaining a steady pace and allowing for breaks is important, especially on inclines [9]. - Monitoring heart rate is crucial, with a maximum heart rate formula provided (180 minus age) [9]. - Mastering terrain navigation techniques can prevent accidents, such as falling or twisting an ankle [9]. - Regular hydration and energy replenishment are necessary, with recommendations to consume electrolyte-rich fluids [9]. Responding to Weather Changes - In case of thunderstorms, it is advised to move to lower ground and avoid trees [10]. - During fog, maintaining close proximity to others is recommended [10]. - Wearing appropriate rain gear during rain can prevent slips and falls [10]. Preventing Knee Injuries - Choosing "knee-friendly" trails with gentle slopes can reduce knee strain [11]. - Using trekking poles can alleviate pressure on the knees by up to 30% [12]. - Applying kinesiology tape around the knees can provide support and reduce pain [12]. - Selecting suitable footwear with adequate cushioning is essential [12]. - Controlling stride length and avoiding jumping down slopes can minimize knee impact [13]. Equipment Selection for Climbing - Various climbing gear is necessary, focusing on functionality, lightweight, and safety [16]. - Trail shoes should be lightweight and have good grip [17]. - Trekking poles assist in both ascent and descent [18]. - A backpack with a capacity of 15-30 liters is recommended for carrying essentials [19]. - Waterproof covers for backpacks and quick-drying clothing are essential for adverse weather [21][22]. - Communication and navigation devices, such as smartphones and GPS watches, should be included [24].

Core Insights - Tianhuo has been awarded the title of "No. 1 in high-end flashlight sales nationwide for 2023-2024" by iiMedia Research, confirming its leading market position for two consecutive years [1][5]. Industry Trends - The outdoor sports market in China is characterized by "diversified scenarios and refined demands," with consumers shifting from basic lighting needs to products that are adaptable to specific scenarios and enhanced by technology [3]. - The domestic flashlight industry is transitioning from "price competition" to "brand upgrading," reflecting a significant change in consumer expectations regarding quality and design [3]. Company Strategy - Tianhuo has identified the core demand for differentiated lighting products across various scenarios, leading to the development of a comprehensive product matrix that enhances professional functionality while considering aesthetic design [3][6]. - The company focuses on "new Chinese-style flashlights," integrating traditional cultural elements with modern aesthetics to meet the emotional and cultural needs of younger consumers [6][8]. Product Development - Tianhuo has launched over a hundred products tailored for various scenarios, including household, professional, and outdoor uses, emphasizing a "scenario-based development" approach that merges technology with consumer needs [8][9]. - The company has developed innovative technologies and specialized products to meet unique outdoor demands, supported by a professional team with diverse skills and outdoor experience [9]. Operational Excellence - Tianhuo employs a collaborative supply chain management approach, ensuring real-time data sharing across all production stages, which enhances quality control and production efficiency [9]. - The company has established a data-driven e-commerce team that operates across multiple platforms, utilizing detailed market analysis to boost sales and brand presence [10]. Intellectual Property and Recognition - Tianhuo holds over a hundred domestic and international patents, underscoring its commitment to innovation and technological advancement [11]. - The company has received various accolades, including becoming a partner of the Land Rover Alliance and being recognized as a high-tech enterprise, which reinforces its strong industry reputation [11]. Future Outlook - With the rise of the camping economy and light outdoor activities, Tianhuo aims to continue driving high-quality development in outdoor lighting by focusing on user needs and technological innovation [13]. - The growing appeal of traditional Chinese culture presents opportunities for Tianhuo to leverage cultural elements in its products, particularly in the "new Chinese-style" segment, which aligns with consumer demand for culturally rich and practical products [13].

Core Viewpoint - The Beijing Stock Exchange has decided to terminate the review of Xiamen Dongang Technology Co., Ltd.'s application for public stock issuance and listing due to the company's withdrawal of its application [1][3]. Company Overview - Xiamen Dongang Technology specializes in the research, production, and sales of professional mobile lighting tools, including various series such as folding lamps, floodlights, pocket lights, pen lights, long lights, and headlamps [3]. Application Details - The application for public issuance was initially accepted by the Beijing Stock Exchange on January 8, 2024, and the company submitted a withdrawal request on May 20, 2025 [3]. - The company intended to issue no more than 51,111,113 shares, with an option for an additional 15% (up to 7,666,666 shares) through an over-allotment option [4]. Fundraising Plans - Dongang Technology aimed to raise 26 million yuan, allocated for the construction of a high-end professional mobile lighting tool production base, a research and development center, and to supplement working capital [4][5]. - The total investment for the production base project is approximately 185.64 million yuan, with 184 million yuan expected to be funded from the raised capital [5]. Shareholding Structure - As of the signing date of the prospectus, the controlling shareholder and actual controller of Dongang Technology is Zhuang Junhui, who directly holds 83.14 million shares (54.22%) and indirectly controls an additional 22.5 million shares (14.67%), totaling 68.89% of the company's shares [3]. Underwriting Information - The lead underwriter for this issuance was China Merchants Securities Co., Ltd., with representatives Zhang Qian and Zhang Yang signing as the sponsoring representatives [6].