彪马是德国运动品牌，最早成立于1948年。皮诺家族于2007年开始收购彪马股份，随后增持成为控股股 东。 作为营收规模长期排在耐克、阿迪达斯之后的知名运动品牌，彪马近年来业绩承压。根据2024全年财 报，彪马营收增长4.4%至88.17亿欧元。虽然实现增长，但对比竞品，彪马出现了增速的落后，阿迪达 斯、昂跑、亚玛芬体育、Lululemon的营收2024年同比分别增长12%、33.2%、18%、10%。营收小幅增 长，彪马2024年净利润却同比下降7.6%至2.82亿欧元。 最新的2025财年第二季度财报显示，其本季度销售额经汇率调整后下降2.0%至19.42亿欧元，低于市场 预期；调整后息税前亏损1320万欧元，季度净亏损达2.47亿欧元。 8月26日消息，近期有市场传言称，法国皮诺家族正考虑出售手中持有29%的Puma彪马股份，并通过财 务顾问联系了安踏体育、李宁公司等潜在竞标者。皮诺家族还是法国奢侈品公司开云集团及其旗下古 驰、巴黎世家等品牌持有人。对此，安踏集团企业传播部门告诉智通财经："我们不评论市场传闻，感 谢关注。" 另据蓝鲸新闻，李宁回应称，李宁公司坚持"单品牌、多品类、多渠道"的核心发展战略， ...

财务业绩 2025年上半年，集团稳步夯实经营基础，积极蓄力业务发展，收入保持稳健增长。期内，集团收入达 148.17亿元人民币，较2024年同期上升3.3%(2024年上半年：143.45亿元人民币)。毛利为74.15亿元人民 币，较2024年同期上升2.5%(2024年上半年：72.36亿元人民币)，集团整体毛利率为50.0%，较去年同期 下降0.4个百分点(2024年上半年：50.4%)。 期内，集团权益持有人应占溢利为17.37亿元人民币(2024上半年：19.52亿元人民币)；权益持有人应占 溢利率为11.7%(2024年上半年：13.6%)；权益持有人应占权益回报率为6.5%(2024年上半年：7.8%)。每 股基本收益为67.43分人民币(2024年上半年：75.80分人民币)。董事会决议宣派截至2025年6月30日止六 个月的中期股息，每股已发行或于可换股证券转换后将予发行的本公司普通股33.59分人民币(2024年上 半年：37.75分人民币)，中期派息比率为50%。 现金流管理方面，期内经营活动产生的现金净额为24.11亿元人民币(2024年上半年：27.30亿元人民 币)。于2025年6月 ...

Group 1 - The article highlights the selection of Chinese player Yang Hansheng by the Portland Trail Blazers as the 16th pick in the 2025 NBA Draft, marking him as the 9th Chinese player to be selected by an NBA team and the 3rd to be picked in the first round after Yao Ming and Yi Jianlian [2][4]. - Yang's four-year salary is projected to be $21.39 million, with the first two years fully guaranteed and the last two being team options, which is considered an ideal outcome for the 20-year-old player [3]. - The Trail Blazers had been monitoring Yang for over two years, with their scouts being among the first to watch him play in the CBA, indicating a long-term interest in his development [6][8]. Group 2 - Yang's selection was influenced by his unique personal abilities and characteristics, which were recognized early by the Trail Blazers' scouting team [12][9]. - The article discusses the importance of Yang's adaptability and learning ability in a different cultural and competitive environment, which is crucial for success in the NBA [13][14]. - Yang's successful draft experience is attributed to a comprehensive training and evaluation process, including participation in various trials and showcases, which allowed him to present his strengths effectively to scouts [16][17]. Group 3 - The support from his former team, Qingdao, was significant, as they facilitated his journey to the NBA draft, showcasing a rare level of cooperation from a CBA club [18][21]. - The article emphasizes the need for a supportive environment for young players transitioning to international leagues, highlighting the challenges faced by clubs in balancing performance pressures with player development [19][21]. - Yang's commercial value is expected to rise significantly following his draft selection, with brands like Li Ning and Alien Electrolyte Water already recognizing his potential [22][23]. Group 4 - The Trail Blazers' management expressed strong confidence in Yang's abilities and future potential, urging patience as he adapts to the NBA's competitive environment [24][26]. - The article concludes with a reminder that while there is optimism surrounding Yang's future, the path to success will require time and adjustment to the new system [25][27].