According to the research report from CITIC Securities, the sports OEM industry chain has the characteristics of meeting the needs of the global market, relatively high downstream track prosperity, relatively concentrated leading participants, high entry barriers and strong pricing power. In the context of fluctuations in terminal demand, it has become the preferred choice of many risk-averse funds. Since this year, the entire industry has shown a trend of inventory replenishment. Against this background, it is recommended to focus on long-term profitable and with strong performance repair elasticity OEM leaders.