Market Overview - The entertainment products sector experienced a decline of 1.04% on January 15, with Sanbaisuo leading the drop [1] - The Shanghai Composite Index closed at 4112.6, down 0.33%, while the Shenzhen Component Index closed at 14306.73, up 0.41% [1] Stock Performance - Notable gainers in the entertainment products sector included: - Tongda Chuangzhi (001368) with a closing price of 26.19, up 2.46% [1] - Zhejiang Zhengte (001238) at 52.75, up 2.19% [1] - Chenguang Co. (6688809) at 27.96, up 1.30% [1] - Significant decliners included: - Sanbaisuo (001300) at 17.00, down 4.97% [2] - Chuangyuan Co. (300703) at 26.98, down 4.66% [2] - Qunxing Toys (002575) at 6.41, down 3.75% [2] Capital Flow - The entertainment products sector saw a net outflow of 208 million yuan from institutional investors, while retail investors had a net inflow of 161 million yuan [2] - The sector's capital flow details indicate: - Yingpais (002899) had a net inflow of 19.16 million yuan from institutional investors [3] - Shuhua Sports (605299) saw a net inflow of 18.11 million yuan from institutional investors [3] - Morning Light Co. (603899) had a net inflow of 5.89 million yuan from institutional investors [3]

Investment Rating - The report assigns an "Accumulate" rating for the smart glasses industry, indicating a positive outlook for investment in this sector [4]. Core Insights - The smart glasses industry is expected to enter a rapid growth phase, with companies in the supply chain poised to benefit from an upturn in market conditions. Recommended companies include Mingyue Lens, which is actively collaborating with leading brands, and Inpias, which is accelerating its entry into the smart sports equipment market [4][6]. - CES 2026 showcased a variety of innovative smart glasses, highlighting trends such as differentiated design, multi-core solutions for improved performance, and a focus on niche markets. Notable products include AI-integrated devices that enhance user experience through features like automatic life recording and real-time translation [2][6][7]. Summary by Sections Industry Overview - CES 2026 attracted over 4,000 companies, with more than 250 exhibitors focused on XR (extended reality) technologies. Major Chinese brands like Thunderbird Innovation, XREAL, and Rokid presented their latest smart glasses, emphasizing unique designs and advanced functionalities [6][7]. Product Highlights - Key products featured at CES 2026 include: - Thunderbird's X3 Pro, the first dual-eye AR glasses with eSIM support - XREAL's AR glasses with a 240Hz refresh rate - Rokid's lightweight AI glasses, designed for comfort and functionality [7][8]. Market Projections - Global smart glasses sales are projected to reach 1.52 million units in 2024, with a significant increase to 3.5 million units in 2025, representing a 230% year-on-year growth. By 2029, global sales are expected to hit 60 million units, with a CAGR of 109% from 2025 to 2029 [4][6].

Group 1 - The core point of the article highlights the recent performance of Yingpais, which saw a 5.03% increase in stock price, reaching 31.13 yuan per share, with a trading volume of 1.07 billion yuan and a turnover rate of 2.37%, resulting in a total market capitalization of 46.01 billion yuan [1] - Yingpais, established on June 23, 2004, and listed on September 15, 2017, is primarily engaged in the development, manufacturing, and sales of fitness equipment, with commercial products accounting for 80.92% of its revenue, followed by other products at 12.39%, outdoor products at 6.46%, and home products at 0.22% [1] Group 2 - From the perspective of major circulating shareholders, Huaxia Fund's Huaxia Stable Growth Mixed Fund (519029) increased its holdings by 116,000 shares in the third quarter, now holding 1.3316 million shares, which represents 0.9% of circulating shares, with an estimated floating profit of approximately 1.9841 million yuan [2] - The Huaxia Stable Growth Mixed Fund (519029) was established on August 9, 2006, with a current scale of 1.2 billion yuan, achieving a year-to-date return of 9.67% and a one-year return of 73.07%, ranking 671 out of 8157 in its category [2] Group 3 - The Huaxia Stable Growth Mixed Fund (519029) is managed by Peng Haiwei, who has a tenure of 11 years and 364 days, with total assets under management of 1.314 billion yuan, achieving the best fund return of 131.06% and the worst return of -4.6% during his tenure [3] - Another fund, Huaxia Prosperity Growth One-Year Holding Mixed Fund A (016252), also holds a significant position in Yingpais, with 162,000 shares, representing 3.25% of the fund's net value, and an estimated floating profit of about 241,400 yuan [4] Group 4 - The Huaxia Prosperity Growth One-Year Holding Mixed Fund A (016252) was established on February 14, 2023, with a current scale of 82.0638 million yuan, achieving a year-to-date return of 9.38% and a one-year return of 53.72%, ranking 1739 out of 8157 in its category [4] - The fund is also managed by Peng Haiwei, who has the same tenure and performance metrics as mentioned previously [5]

Market Overview - The entertainment products sector increased by 1.96% on January 9, with Zhejiang Zhengte leading the gains [1] - The Shanghai Composite Index closed at 4120.43, up 0.92%, while the Shenzhen Component Index closed at 14120.15, up 1.15% [1] Stock Performance - Zhejiang Zhengte (001238) closed at 54.66, up 6.30% with a trading volume of 16,700 lots and a transaction value of approximately 89.74 million yuan [1] - Shifeng Culture (002862) closed at 20.48, up 6.06% with a trading volume of 140,700 lots and a transaction value of approximately 282 million yuan [1] - Yingpais (002899) closed at 29.64, up 3.96% with a trading volume of 71,600 lots and a transaction value of approximately 208 million yuan [1] - Other notable stocks include Qunxing Toys (002575) up 3.03%, Guangbo Co. (002103) up 2.93%, and Mingyue Optical (301101) up 2.54% [1] Capital Flow - The entertainment products sector experienced a net outflow of 21.88 million yuan from institutional investors and 61.22 million yuan from retail investors, while there was a net inflow of 83.10 million yuan from individual investors [2] - The capital flow for individual stocks shows that Morning Light Co. (6688809) had a net inflow of 21.91 million yuan from institutional investors, while Yingpais (002899) had a net inflow of 17.11 million yuan [3] - Shifeng Culture (002862) saw a net inflow of 9.77 million yuan from institutional investors, but a net outflow of 24.80 million yuan from retail investors [3]

Core Viewpoint - The stock of Qingdao Inpace Health Technology Co., Ltd. has shown a positive trend with a 6.28% increase in price year-to-date, reflecting a strong performance in the fitness equipment sector despite a decline in revenue and net profit for the year [1][2]. Group 1: Stock Performance - As of January 9, Inpace's stock price increased by 2.03%, reaching 29.09 CNY per share, with a total market capitalization of 4.299 billion CNY [1]. - The stock has experienced a year-to-date increase of 6.28%, with a 10.44% rise over the past 20 days and a 19.96% increase over the past 60 days [1]. Group 2: Financial Performance - For the period from January to September 2025, Inpace reported a revenue of 856 million CNY, a year-on-year decrease of 4.53%, and a net profit attributable to shareholders of 50.75 million CNY, down 41.88% compared to the previous year [2]. - Cumulatively, Inpace has distributed 56.19 million CNY in dividends since its A-share listing, with 28.95 million CNY distributed over the last three years [3]. Group 3: Shareholder Information - As of September 30, 2025, the number of shareholders for Inpace decreased by 24.69% to 14,800, while the average number of circulating shares per person increased by 32.78% to 10,016 shares [2]. - Notable institutional shareholders include Minsheng Jia Yin Continuous Growth Mixed Fund, which is the sixth-largest shareholder with 1.3563 million shares, and Huaxia Stable Growth Mixed Fund, which increased its holdings by 116,000 shares [3].

Group 1 - The controlling shareholder, Hainan Jiangheng Industrial Investment Co., Ltd., plans to increase its stake in Qingdao Yingpais Health Technology Co., Ltd. by investing between RMB 60 million and RMB 120 million within six months from December 10, 2025, using bank loans and self-raised funds [1] - As of December 26, 2025, Hainan Jiangheng has accumulated a total of 1,712,200 shares, increasing its total holdings to 42,374,200 shares, which represents 28.67% of the company's total share capital [2] - By December 31, 2025, Hainan Jiangheng further increased its holdings by 851,900 shares, bringing its total to 43,226,100 shares, or 29.25% of the total share capital [2] Group 2 - The total shares accumulated by Hainan Jiangheng as of the announcement date is 2,564,100 shares, representing 1.73% of the total share capital, with a total investment of RMB 66,712,307 [3] - The shareholding increase plan complies with relevant laws and regulations, ensuring that it will not affect the company's share distribution or control [4] - The company will continue to monitor the shareholding increase plan and fulfill its information disclosure obligations as required [5]

◎记者 时娜 上市公司的回购增持热潮持续至2026年。2026年1月4日，东诚药业、世纪华通等上市公司发布回购股份 计划，宁德时代、美的集团、潍柴动力、蓝思科技等多家深市龙头公司也披露了回购进展情况，英派斯 等公司披露增持计划实施情况，以"真金白银"传递信心，夯实公司价值投资基础。此外，多家上市公司 近日宣布向投资者派发"大红包"。 股份回购是上市公司优化股权结构、提升股东回报的重要抓手。2026年伊始，便有深市上市公司发布股 份回购计划。 东诚药业1月4日公告，计划以集中竞价交易方式回购股份，金额不低于1亿元（含），不超过2亿元 （含），用于实施股权激励和/或员工持股计划。回购价格不超过18.00元/股。 2025年以来，深市上市公司积极回应号召、立足自身发展，持续掀起"真金白银"的回购、增持、分红热 潮，多措并举提升投资者回报，为资本市场健康发展注入强劲动力。 上市公司下"红包雨" 据上海证券报记者不完全统计，2025年12月31日至2026年1月4日晚，仅深市就有15家公司披露半年度或 三季度分红实施公告，相关分红将于2026年1月陆续到账。 其中，天赐材料公告，公司2025年前三季度利润分配预案已获2 ...

Group 1 - The core consumer group for the ice and snow season in 2024-2025 is predominantly young adults, accounting for 55.81% of the consumer base, while the younger demographic represents 14.65% but shows the highest growth rate of 31.80% year-on-year [1] - A significant portion of skiers, 65%, prefer to ski with friends, and 52% enjoy skiing with family or relatives, indicating a strong social aspect to the activity [3] Group 2 - The development of China's ice and snow equipment industry has evolved through three phases from 2016 to 2025: the foundational phase (2016-2018), the guiding upgrade phase (2019-2022), and the supportive encouragement phase (2023-2025) [6] - The policy document titled "Opinions on Stimulating the Vitality of the Ice and Snow Economy through High-Quality Development of Ice and Snow Sports" aims for the total scale of the ice and snow economy to reach 1.2 trillion yuan by 2027 and 1.5 trillion yuan by 2030, emphasizing the importance of ice and snow consumption in driving domestic demand [8]

格隆汇1月4日丨英派斯(002899.SZ)公布，公司收到海南江恒出具的《关于增持青岛英派斯健康科技股 份有限公司股份触及1%整数倍的告知函》，海南江恒于2025年12月29日至2025年12月31日期间通过集 中竞价的方式累计增持公司股份851,900股，占公司总股本的比例为0.58%，占剔除公司回购专用账户中 的股份数量后总股本的比例为0.58%，成交总金额为22,967,566元（不含交易费用等）。本次增持后， 海南江恒持有公司股份43,226,100股，占公司总股本的比例为29.25%，占剔除公司回购专用账户中的股 份数量后总股本的比例为29.50%，变动触及1%的整数倍。截至本公告日，海南江恒已累计增持 2,564,100股，占公司总股本的比例为1.73%，占剔除公司回购专用账户中的股份数量后总股本的比例为 1.75%，增持金额（不含交易费用）合计人民币66,712,307元。本次增持计划尚未实施完毕，海南江恒 将继续实施增持计划。 ...

证券代码：002899 证券简称：英派斯 公告编号：2025-051 青岛英派斯健康科技股份有限公司 关于控股股东增持公司股份触及 1%整数倍的公告 控股股东海南江恒实业投资有限公司保证向本公司提供的信息内容真实、 准确、完整，没有虚假记载、误导性陈述或重大遗漏。 本公司及董事会全体成员保证公告内容与信息披露义务人提供的信息一 致。 一、增持计划基本情况 四、其他相关说明 二、增持计划实施情况 公司于 2025 年 12 月 27 日披露了《关于控股股东增持公司股份触及 1%整数 倍的公告》（公告编号：2025-050），海南江恒于 2025 年 12 月 17 日至 2025 年 12 月 26 日通过深圳证券交易所交易系统集中竞价交易的方式累计增持公司股份 1,712,200 股。增持后海南江恒共计持有公司股份 42,374,200 股，占公司总股本 的比例为 28.67%，占剔除公司回购专用账户中的股份数量后总股本的比例为 28.92%，变动触及 1%的整数倍。 2025 年 12 月 31 日，公司收到海南江恒出具的《关于增持青岛英派斯健康 科技股份有限公司股份触及 1%整数倍的告知函》，海南江恒于 ...