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英派斯:太平洋证券股份有限公司关于青岛英派斯健康科技股份有限公司2022年向特定对象发行股票之发行保荐书(注册稿更新)2024-02-07  

2022




       926   31
2022




                   1
                       2022
       A




           3-1-2
                      2022




                                               2008




    300346                                     002479
                             600255                     600540
             002432                   300254   300168




1



2




                                 3-1-3
                           2022




       1



           Impulse    Qingdao     Health Tech Co., Ltd.
                                          369




           002899


           120,000,000
           2004   6   23
           266200
           0532-85793159
           0532-85793159
           www.impulsefitness.com
           information@impulsefitness.com




   2




                                                      2012
                                                          C24
2017                                            GB/T4754-2017          “C24
                                              “C2443
               2019                              26             “09

                                      3-1-4
                            2022


                        “0914




     3

         1       2023   9     30

                                                                          %
                                                  0                            0
                                                  0                            0
                                                  0                            0
             1                                    0                            0
             2                                    0                            0
                                           12,000.00                       100.00
                                           12,000.00                       100.00

         2       2023   9     30


                                                       %
1                                           4,066.20     33.89
2                                            232.40        1.94

3                                            124.31        1.04

4                                            120.78        1.01

5                                            106.27        0.89

6                                            100.02        0.83


7                                             77.52        0.65

8                                             74.03        0.62

9                                             70.73        0.59

10                                            64.71        0.54

                                            5,036.97     42.00        -

     4                                                 2023       9   30


                                   3-1-5
                       2022




             2017      9                                                         48,150.00
             2020                           10                0.39
             2021                           10                0.22
             2022                           10                0.63


             2020      12     31                                             108,435.65
             2021      12     31                                             109,710.84
             2022      12     31                                             116,013.29
             2023      9    30                                               122,522.65

5

    1



        2023 9    30          2022 12     31     2021 12    31         2020 12    31

            88,392.37               88,789.10        106,370.57             104,458.26
           136,922.59              114,205.41         71,364.84              31,724.68
           225,314.96              202,994.51        177,735.42             136,182.94
            37,856.40               32,932.07         24,853.98              27,389.17
            64,935.91               54,049.15         43,170.60                   358.12
           102,792.32               86,981.22         68,024.58              27,747.29
           122,522.65              116,013.29        109,710.84             108,435.65

    2


          2023 1-9                 2022              2021                  2020
                 65,856.05              82,469.67          86,439.47             86,798.40
                  8,277.70                4,858.74          3,995.48              4,166.94
                  8,256.64                4,542.58          1,749.09              4,071.39
                  7,265.36                6,566.46          1,743.19              3,956.19

                  7,265.36                6,566.46          1,743.19              3,956.19

    3


                                     3-1-6
                                 2022




                        2023 1-9                2022                     2021                  2020

                            18,050.69                10,440.35               6,220.44            11,348.18

                            -19,734.84               -55,878.94             -37,027.02           22,160.46

                                4,961.84             17,763.26              39,069.84                 -651.96

                                 179.75                    967.34               -223.89               -751.56

                                3,457.45             -26,708.00              8,039.36            32,105.13

    4

                                        2023 1-9             2022               2021            2020
                                                    2.33             2.70               4.28             3.81
                                                    1.92             2.21               3.50             3.18
                            %                   44.59               42.09              37.48            21.04
                        %                       45.62               42.85              38.27            20.38
                                                10.21                9.67               9.14             9.04
                    /                               3.94             5.68               6.63             4.64
            /                                       2.83             3.44               3.51             3.63
                /                                   0.31             0.43               0.55             0.66
                                                    1.50             0.87               0.52             0.95
                                                    0.29            -2.23               0.67             2.68

                                                    0.61             0.55               0.15             0.33


                                                    0.57             0.34               0.26             0.26


                                                    0.61             0.55               0.15             0.33


                                                    0.57             0.34               0.26             0.26


                                                    6.09             5.82               1.60             3.72


    %                                               5.78             3.65               2.86             2.91

        1                                   /
2                                       -       /
3                                                                    /
4                                                              /

                                                3-1-7
                                2022


     5                                 /
     6                                              /                          +
/2
     7                                      /                          +                /2
     8                                          /                          +                 /2
     9                                                                                              /

     10                 =                               /




     1

          2022     10       24                            2022                               2023       4   7
                                                        2023
          2022     11       9      2022
                                                                                        A
                 1.00




                                                              20                             80%
                        20                                         =               20
                   /                   20




                                                                                                  30%
          3,600.00                                                                                   =
                        /




                                                            1,200.00               100.00


                                                3-1-8
                        2022




                                      2023




               6




               2023




                               A

        2023   11   8                 2023

                               2024    5 25

    2

                                               38,610.00     38,610.00




1                                              124,580.98          38,610.00
                                               124,580.98          38,610.00




    3

                        2022    10      24                  2022



                                       3-1-9
                           2022


       2022   11       9          2022




2023     2    27                  2023     3   15



   2023       4    7                           2023



   2023       4    26



   2023       5    26




   1



   2



   3



   4



   5




                                  3-1-10
        2022




1
    1




    2




    3



               3-1-11
        2022


               5
4




2




3




4
    1




    2




    3




                   3-1-12
        2022




    4




    5




5




6

        10              10




               3-1-13
    2022




                        2020




1

2

3




           [2018]22




               3-1-14
2022




       3-1-15
                                2022


       2022   10       24                                2022



       2022   11       9               2022




2023     2    27                       2023     3   15



   2023       4    7                                2023




   1




        1




         2                                                      A
                            1



        3




                                       3-1-16
                         2022


 2

     2023      9    30



                           4,930.39
                                449.94

                                892.86

                                                                          25%
                                 47.18
                                                                39%
                           9,967.71
                          16,288.08                                   -

      2023     9    30




             2021   3




                                                                          1,000
                                    2023          9        30




                                                                                  0



                                         2022         10


836780.OC

                                         3-1-17
                       2022




                                   1


                                                                   2023     9   30
                                                               38.81

                2023      9   30                                   38.81
                                            0.03%




1,000.00                  390.00



            1,390.00
                                                       61   ——
                                                                   <
            >
                                   ——                                18



    3

        1



        2              2022
                                   2023       000686




        3



        4



                                   3-1-18
              2022


          5



          6




      4

                                           38,610.00
38,610.00




  1                           124,580.98               38,610.00
                              124,580.98               38,610.00




          1




          2




          3




                     3-1-19
                          2022




 5



     1                                                                =
         ÷
12,000.00          30%               3,600.00




                                                        18



                                                             <
                   >
                                       ——                      18



     2
              35



     3
                                                                  20
                    80%                       20                      =
         20                      /                 20



                                     3-1-20
    2022




4                         A          6




5



6




7



8
                      3
           2022-2024



9                             ——       7


             3-1-21
                                2022


                         2022      9      30
                                                              2022     9     30
                                       2023     2       27                        2023   000069



                                       2022     12       31          2022
                                                                                          2022
12    31                                                           2023      4     28
     2023         000257


                                                               2     ——
                            2022
     1     ——
                  2022                                                      ”




 1




 2



                                               3-1-22
           2022




3




4




5




6




    2019

                  3-1-23
                       2022




      7

      2020
                              2020
                                                      2020    6   2021   12
                          2021
101.63%
FOB




      8



                                      30%




      9

                                                             OEM/ODM


             2020      2021      2022         2023   1-9
                    74.10% 65.51% 74.39%         75.16%


                                     3-1-24
                               2022




    10



                                        90%                                 2023      12
            2026   12                                                      3,281.72
                               33.89%




    11

                                                                                1,424.90
         399.12         -1,331.98       -324.95




    12

                                                 13,347.33          12,738.77
16,286.37          17,135.00




    13

                                                   17,321.07         19,286.62
16,108.16          15,788.08                                   16.58% 18.13% 18.14%
  17.86%



                                        3-1-25
                       2022


            OEM/ODM




                        2020




    14



                                           2020
                                                               2020
     2022             15%
                                     15%                       25%




    15




                                                           -
7,769.63                                          106,226.93
                      6,162.99




                                 3-1-26
           2022




 16

                           46.2   /
23.5   /




 17




 18




 19

           35




                  3-1-27
                     2022




1

    1



              2016   2019                                          102.96
    114.96                             3.74%
3.95%                                        3.62%
2019          2018            3.92%                                     56.56%




                                         35.00%      30.00%    20.00%    10.00%
                     65.00%

2016          2019                                     36.35                38.93
                     2.31%     2016          2019
31.98                34.46
                             2020                         116               2028
        148




                                    3-1-28
                               2022


         Allied Market Research,      Global Fitness Equipment Market, 2020-2027

     2

                                                                                   2020
                                                           2020
  475.20                           8.00% 2021                                       546.50
                  15.00%   2020
       455.81                  Market and Research        Allied Market Research
                                                                     48.00%~56.00%
2020          2021                                         5.30%
     2021                                                   62.90%          2027
                           194.00




 2021         4




                   2021    8                                              2021—2025
              2025


         15                                                                 2.16
                               5



 2

     1

                                                                    OEM/ODM




                                           3-1-29
                           2022




     2

                                               IMPULSE




    ISO9001
         GB19272-2011
GB/T40086-2021
                             NSCC

         2023    9    30                            2




                                             2023       9   30
                 75




                                    3-1-30
                          2022


    2023        9    30                      170         NSCC        133
NSCC                 8


                          ”“
                                                        “AAA



3




    2023        9    30                                 71
                44                                 10
                                                         2023   9    30
                            308                    28                 202
           78                     2
                                                                            ”




4




                                      2023     9   30               242


                                      3-1-31
                           2022


               187                55




                                                           2022
                      “2021      CFC                      “2021
                          2020                                    “2019
             “2019                      “2017-2019
        “2017-2018                          “2017-2018
“WBPF
             “2015                                    “2015-2016


              2021~2024
                                                                    2020-2021
    2020-2021                           17
                 24


                                                                        IWF     FIBO
China                                                                 Tai SPO
  FIBO                IHRSA

         5




                                        3-1-32
            2022




3

                                38,610.00          38,610.00




           [2013]110




    2022                                    2022




                       3-1-33
       2022




2022




              3-1-34
           2022




       3



       3                              2022


                  3



       3



2020
                      2021
                               2021


       3



                                         2022

                      3-1-35
       2022




2022




              3-1-36
2022




       3-1-37
           2022




     207




3-1-38
         )




3-1-39