Qiu Ru, head of the mass sports department of the State Sports Administration, said that in the next step, the State Sports Administration will promote the construction of a higher-level public service system for national fitness serving community residents. During the 14th Five Year Plan period, more than 1000 sports parks will be built, reconstructed and expanded, and at the same time, the construction and management of national fitness equipment will be strengthened.
Cinda Securities believes that from the demand side, the characteristics of China’s fourth consumer society are beginning to show. Compared with physical consumption, consumers will pay more attention to spiritual needs, and consumer spending on sporting goods and sports facilities will maintain growth. From the perspective of policy: driven by the 14th five year plan policy, the public service system of national fitness will be accelerated and improved to promote the good development of China’s sports industry. The scale of China’s sports industry is expected to maintain growth in the future. By 2025, the industrial scale will reach 5 trillion yuan, and the average annual compound growth rate in 20-25 years will reach 12.8%. Among them, industries such as sports equipment manufacturing and sports content service will usher in a period of rapid growth.
According to the theme database of financial Associated Press, among the relevant listed companies:
Cocreation Grass Co Ltd(605099) is the largest manufacturer of artificial turf in the world. Since 2011, the sales volume of artificial turf of the company has ranked first in the world for 10 consecutive years.
Qingdao Gon Technology Co.Ltd(002768) subsidiary sports lawn focuses on the R & D, production and sales of sports lawn and plastic runway. The company has reached cooperation with Latin American partners to make Guoen sports lawn products jump from zero to market benchmark in Latin American market.
