Core Insights - Shuhua Sports, established in 1996 and listed on the Shanghai Stock Exchange in December 2020, is a leading fitness equipment brand in China with a full industry chain advantage [1] Financial Performance - For Q3 2025, Shuhua Sports reported revenue of 1.008 billion yuan, ranking 4th in the industry, surpassing the industry average of 684 million yuan and the median of 388 million yuan [2] - The company's net profit for the same period was 35.55 million yuan, ranking 9th in the industry, above the average net profit of 23.49 million yuan and in line with the median [2] Financial Ratios - As of Q3 2025, Shuhua Sports had a debt-to-asset ratio of 38.12%, higher than the industry average of 30.49% [3] - The gross profit margin for Q3 2025 was 30.16%, exceeding the industry average of 23.75% [3] Executive Compensation - The chairman, Zhang Weijian, received a salary of 1.1742 million yuan in 2024, an increase of 324,700 yuan from 2023 [4] Shareholder Information - As of September 30, 2025, the number of A-share shareholders increased by 0.79% to 19,100 [5]

Group 1 - The sponsorship market for the "Su Super" league has seen significant changes, with the number of sponsors increasing from 6 to 20 within a month, indicating a substantial rise in the commercial value of this regional sports event [1][2] - The current sponsorship landscape includes a diverse range of sponsors from various sectors, including finance, fast-moving consumer goods, and healthcare, reflecting a five-tier sponsorship system [3][4] - Major companies such as JD.com and Yili have joined as sponsors, indicating a shift from local to national brands participating in the sponsorship landscape [2][4] Group 2 - The "Su Super" league has become highly popular, with inquiries from 70 to 80 companies, and the price for official sponsorship seats has surged to 3 million yuan, highlighting the demand for sponsorship opportunities [7] - The league is not only focused on sports but aims to create a community of interests among fans, clubs, sponsors, and cities, promoting a "football+" model that stimulates cultural and tourism consumption [8] - The overall football industry in China is showing signs of recovery, with other major football events also beginning to transform and regain commercial value after years of decline [9]