- Impulse intends to invest in and construct the Hainan Impulse Smart Sports Industrial Park project through a wholly-owned subsidiary established in Hainan. The total investment in the project is approximately 659 million yuan, to be carried out in two phases.
- The key focus of the Hainan project is not merely expanding production capacity for traditional fitness equipment, but rather advancing upgrades centered on intelligentization, digitalization, specialization, and systematization.
- The company plans to issue A-shares to specific investors through a simplified procedure, raising total funds of no more than 299.5 million yuan, with the net proceeds to be fully used for the construction project of an intelligent fitness and health equipment R&D and manufacturing base and to supplement working capital.
June 1, 2026, Impulse (QingDao) Health Tech CO., LTD (hereinafter referred to as “Impulse”) announced that it plans to invest in the construction of the Hainan Impulse Smart Sports Industrial Park through a wholly-owned subsidiary in Hainan. The total investment of the project is approximately CNY 659 million, to be implemented in two phases. The first phase focuses on the Intelligent Fitness and Wellness Equipment R&D and Manufacturing Base, with an investment of approximately CNY 299 million.
On the same day, Impulse also disclosed a plan to issue A-shares to specific investors through a simplified procedure in 2026, aiming to raise up to CNY 299.5 million. Notably, CNY 280 million of the funds raised is intended for the first phase of the Hainan Smart Sports Industrial Park, i.e., the R&D and manufacturing base for intelligent fitness and wellness equipment.
Hainan Industrial Park Phased Development Laying the Foundation for Smart Sports
The Hainan Impulse Smart Sports Industrial Park will be located in the Meian Technology New City, Haikou National High-Tech Industrial Development Zone. The construction plan includes an R&D and office complex, production workshops, warehouses, and other auxiliary facilities. The total investment of CNY 659 million covers land acquisition, construction and renovation, equipment purchase and installation, R&D investment, contingency funds, and working capital. The construction period is expected to last four years.
The project will adopt a phased construction approach rather than being launched all at once. Phase one—the Intelligent Fitness and Wellness Equipment R&D and Manufacturing Base—requires CNY 299 million, including land acquisition, all construction and renovation, initial equipment investment, and part of the working capital. Subsequent investments will be aligned with market demand, production capacity, and operational requirements, and will be implemented in a structured, staged manner.
Industry Focus on Smart, Digital, and Professional Equipment
The Hainan project emphasizes smart, digital, specialized, and systematized upgrades, rather than merely expanding traditional fitness equipment production capacity. According to Impulse, the project will help the company achieve mass production capabilities for a diversified range of intelligent fitness and wellness equipment, optimize the product matrix, enhance global brand recognition and competitiveness, and meet the needs of elderly wellness and children’s health markets, transitioning the company from a single-track focus to multi-track development.
Expanding Fitness Consumption Scenarios
In recent years, the scope of sports consumption has evolved. Fitness equipment previously served gyms, stadiums, schools, and community centers. Now, with growing demand for nationwide fitness, health management, aging population solutions, and youth physical development, fitness equipment is extending to sports rehabilitation, physical monitoring, elderly-friendly fitness, and youth fitness intervention. Impulse’s new project in intelligent fitness and wellness equipment aligns with this industry trend of upgrading from “equipment manufacturing” to “comprehensive sports and health solutions.”
Strategic Advantages of Hainan Free Trade Port
Impulse also highlights the advantages of establishing the project in the Hainan Free Trade Port, including logistics efficiency and industry collaboration, which facilitate raw material importation and product export. For fitness equipment companies with foreign trade experience and international clients, a Hainan base enhances supply chain responsiveness and helps tap into emerging markets in Southeast Asia and the Middle East.
Capital Raising Supports Core Business Upgrade, Fundraising Allocated to Phase One
To support the first phase of the Hainan Smart Sports Industrial Park, Impulse has launched a refinancing plan. The company plans to issue A-shares to specific investors, aiming to raise up to CNY 299.5 million, with net proceeds after issuance costs allocated entirely to the R&D and manufacturing base and supplemental working capital. Of the total CNY 299 million for the base, CNY 280 million comes from the fundraising, with an additional CNY 20 million for working capital.
The project will leverage Impulse’s product system, technical expertise, and market presence across commercial, home, and outdoor fitness equipment. The plan includes land acquisition, self-built factories, and the introduction of advanced assembly and testing equipment, enabling large-scale mass production of high-end intelligent fitness products. Once completed, the project will enhance Impulse’s product portfolio, improve production capacity for high-end fitness equipment, and create differentiated competitive advantages.
Industry Context Supports Project Growth
The sports industry is currently experiencing dual drivers of policy support and consumer demand. In its feasibility report, Impulse notes that relevant policies encourage increased financial support for sports goods manufacturing and services, promote intelligent, customized, and experiential sports consumption models, and drive the transformation of fitness equipment toward smart, age-adapted, and age-appropriate designs. The intelligent fitness and wellness equipment project aligns with these trends and helps Impulse convert policy incentives, market demand, and manufacturing capabilities into new growth momentum.
Working Capital Enhances Operational Flexibility
The fundraising also includes CNY 20 million for supplemental working capital. As the new project progresses and business scales, Impulse’s needs for R&D, production, procurement, distribution, and operational funds will rise. Adequate working capital ensures smooth project implementation and daily operations, strengthening the company’s financial capacity and risk resilience.
Analyst View: Growth Potential in Smart Fitness
Xing Xing, Chief Economist at Jindonghui Enterprise Management Development (Beijing) Co., Ltd., told Securities Daily:
“Impulse is upgrading from traditional fitness equipment manufacturing to smart sports and integrated health solutions. With the continuous expansion of sports consumption scenarios, submarkets like intelligent fitness, wellness equipment, youth health, and sports rehabilitation are expected to grow steadily. If the Hainan project is successfully implemented and integrated with the company’s existing R&D, manufacturing, and sales systems, Impulse is likely to achieve greater growth potential in the next wave of sports industry upgrades.”
About Impulse
Impulse Health Tech Co., Ltd. (stock code: 002899.SZ) is a leading Chinese manufacturer and service provider of fitness equipment. Founded in 1991 and headquartered in the beautiful coastal city of Qingdao, Shandong Province, Impulse has grown into a pioneer of the Chinese fitness industry and was the first domestic fitness equipment manufacturer to be listed on the main board of the Shenzhen Stock Exchange (in 2017).
Key Highlights & Business Scope
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Comprehensive Product Portfolio: Impulse develops, manufactures, and markets a wide range of fitness equipment tailored for commercial, home, and outdoor use. Their product line includes treadmills, elliptical trainers, stationary bikes, strength training machines, and outdoor community fitness paths.
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Global Reach: While it is a dominant player in the Chinese market, Impulse is also highly internationalized. Its products are exported to dozens of countries and regions across North America, Europe, and Asia-Pacific, serving gyms, hotels, universities, and corporate wellness centers worldwide.
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R&D and Innovation: The company is known for its strong focus on research and development, continuously integrating smart technology, ergonomics, and safety into its equipment to meet the changing demands of the global fitness market.
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Beyond Equipment: In addition to manufacturing, Impulse also operates fitness clubs and provides health management and scientific fitness services, making it a comprehensive health industry group.
For more infomation about Impulse, Visit hwww.impulsehealthtech.com
