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The sports concept is surging strongly, Jinling Sports hits the 20% daily limit, and Longhua New Materials rises over 10%.
Sports concept 7-day intraday strength surged. As of the time of this report, Jining Sports hit the 20% daily limit; Longhua New Materials rose more than 10%; China Sports, Chuangchuang Lawn, Yue Media and others hit the daily limit; Shu Hua Sports rose more than 9%.
On the news front, on the afternoon of April 6, the 2026 Zhejiang City Football League (the “Wu Yue Cup”) kicked off. In addition, city football leagues in multiple provinces are set to launch soon. The first-week matches of the 2026 Jiangsu City Football League (the “Su Chao”) will begin on April 11. The opening match of the 2026 Hubei City Football League (the “Chu Chao”) will officially be played on April 12.
CITIC Securities recently noted that the country’s “15th Five-Year Plan” (during the 15th Five-Year period) places key emphasis on building a sports powerhouse and a tourism powerhouse (for the first time) at the strategic level. Culture and tourism and sports naturally have a high degree of relatedness. With the advancement of sports-related policies and the diversification of residents’ sports and entertainment, the groundwork for the development of the sports events economy has been gradually taking shape. It is expected to become an important lever for boosting domestic demand consumption and enriching residents’ spiritual and cultural life. Drawing on the experience of the F1 event, which has achieved enormous commercial success, participants in the sports industry are expected to gradually move into stages characterized by professionalized operations, industry-chain coordination, and the steady realization of commercial value.