Sports goods stocks opened broadly higher today. As of press time, LI NING (02331) rose 3.5% to HK$19.24; ANTA SPORTS (02020) gained 1.92% to HK$95.5; XTEP INT'L (01368) increased 1.59% to HK$6.4; and TOPSPORTS (06110) advanced 0.98% to HK$3.09.

On the news front, the State Council General Office issued a document proposing to accelerate the construction of a modern sports industry system, continuously boost sports consumption, and enhance the overall strength and competitiveness of the sports industry. By 2030, the plan aims to cultivate a number of sports enterprises and sporting events with global influence, significantly elevate the development level of the sports industry, achieve a total scale exceeding 7 trillion yuan, and play an important role in building a new development paradigm.

Shanghai Securities noted that against the backdrop of policies expanding domestic demand and boosting consumer confidence, the outdoor economy is driving high growth in sportswear sales, recommending attention to high-certainty opportunities and high-growth sub-sectors. The firm pointed out that the sports industry has become an important force in driving economic growth and promoting economic and social transformation and upgrading, making significant contributions to cultivating new drivers of economic development. The country is vigorously promoting reform and innovation to empower high-quality sports development, and the high prosperity of sportswear may continue.