Bungee jumping is a sport where one jumps from high above the ground at great speed with an elastic cord attached to it. The different equipment used for the protection of human body parts, such as helmets to protect heads in the activity of bungee jumping, is known as bungee jumping equipment.

Science, technology, engineering, and mathematics (STEM) toys for in-home applications refer to educational toys and play materials designed to enhance children learning and engagement in STEM subjects. STEM toys for in-home application provide several benefits, such as encouraging children to become actively involved in the learning process and fostering curiosity, problem-solving skills, and creativity. These toys support the development of cognitive skills, spatial awareness, logical thinking, and perseverance. Moreover, STEM toys can come in various forms, catering to different age groups and skill levels. Some examples of STEM toys for in-home applications include building blocks and construction sets, robotics kits, coding games, circuitry sets, science experiment kits, three-dimensional (3D) puzzles, and math manipulatives.

出版行业业绩表现稳健，地方国企出版集团主要产品教材教辅具备刚需属性，为公司经营提供深厚安全垫。同时，地方国企出版集团账上现金充沛，且股息率处于较高水平。虽然市场对于出生人口下滑影响教材教辅收入增长可持续性的担忧是压制出版行业估值的主要因素之一。但是，我们认为，出生人口下滑对教材教辅中短期内影响有限，K12学生结构优化亦能部分对冲出生人口长期下滑影响，这给予了出版公司充足时间以利用在手教育资源优势拓展创新业务方向。另外，一般图书各品类增速分化明显，部分细分赛道上升空间较大，伴随疫后线上线下渠道的边际改善逐渐明显，图书零售市场后续有望焕发活力。