Beijing Sports and Entertainment Industry Group

What Beijing Sports and Entertainment Industry Group does

Beijing Sports and Entertainment Industry Group Limited (HKEX: 01803.HK) is a Cayman Islands-incorporated, Hong Kong-listed investment holding company operating as an indirect non-wholly owned subsidiary of Beijing Enterprises Holdings Limited (北控集团/BG Group), a state-backed conglomerate. The company focuses on investment, construction, and operation of sports and entertainment venues across China, organized around five business segments: innovative sports parks (air dome stadiums), ice-and-snow themed parks, sports training investment and operations, sports club operations (including Beijing BG Phoenix Women's Football Club and Beijing BG Bengal Tigers Baseball Club), and a sports venue media platform. The core technology is proprietary air dome (气膜) membrane-structure construction acquired through its 50%+ stake in Yuedun Air Dome (NEEQ: 831527), which holds approximately 44% market share of China's 300+ air dome venues, combined with European-licensed ice-making and snow-making technology held via Shenzhen Haizhou.

The company's revenue model is a mix of government Build-Operate-Transfer (BOT) and Public-Private Partnership (PPP) contracts for venue construction, long-term venue operational rights, sports training fees, advertising via venue facade media, and ticketing for ice-and-snow themed parks primarily aimed at middle-class urban consumers. It pursues a centralized 'Thousand Venues Plan' (千馆计划) targeting 1,000 air dome sports venues nationwide within 3-5 years, executed through provincial government MOUs (Hainan, Guangdong, Henan, Jiangxi, Jiangsu) and joint ventures with regional partners such as Zhimei Sports Group. The company is included in the MSCI Index and listed on the Hong Kong Stock Exchange Main Board since 2012.

Financially, BJSE has been consistently loss-making for five consecutive years (cumulative losses exceeding HKD 260M), with revenue volatility from HKD 218.7M (2021) to HKD 62.4M (2023) recovering to HKD 169.7M (2024) and approximately USD 190.6M (FY2025). Net assets have eroded from HKD 409.2M (2020) to HKD 151.8M (2024), reflecting continued operating losses. The market capitalization stands at approximately HKD 125M as of August 2026, with the stock trading at HKD 0.074 (52-week range HKD 0.065-0.187), and a proposed share consolidation was announced in July 2026, indicating ongoing capital structure concerns.

Name

Beijing Sports and Entertainment Industry Group

Legal name

Beijing Sports and Entertainment Industry Group Limited

Website

http://www.bsehk.com/

Company type

Public

Founded year

1991

Operating status

Operating

Headcount range

101–250 employees

Short description

Beijing Sports and Entertainment Industry Group (HKEX: 01803.HK) is a Hong Kong-listed subsidiary of Beijing Enterprises Holdings that invests in, constructs, and operates air dome sports venues and ice-and-snow themed parks across China, primarily serving provincial and municipal governments through PPP contracts and middle-class urban consumers through sports training and entertainment services.

Ownership category

akta.pro rank

Product category

Sports Venue Construction and Operations

NAICS

Spectator Sports (7112), Skiing Facilities (713920), Promoters of Performing Arts, Sports, and Similar Events with Facilities (71131), Fitness and Recreational Sports Centers (713940)

SIC

Services-Amusement & Recreation Services (7900), Services-Membership Sports & Recreation Clubs (7997), Services-Miscellaneous Amusement & Recreation (7990)

akta.pro primary industry

Arenas & Indoor Sports Centers (MPAKAEAB)

akta.pro secondary industries

Outdoor Adventure & Action Sports Parks (Ski Resorts, Bike Parks, Skateparks) (MPAKAEAL), Sports & Arena Event Venues (Stadiums, Arenas) (THAHAAAF), Sports Event Promotion & Tournament Operations (MPAKAKAC)

Keywords

• Air dome stadiums
• Ice and snow parks
• Sports venue construction
• Sports club operations
• Sports training services

Headquarters

HQ city

Wan Chai

HQ country

Hong Kong SAR China

HQ region

Asia

Offices3 records

Markets served

GTM type

B2B and B2C

Offering type

Services

Cost components

Operations, Supply Chain, Personnel, Technology or R&D, Marketing or Sales, Infrastructure

Revenue model

1. Venue Construction and Operation (Build-Operate-Transfer): Investment, construction, and operation of air dome sports parks and ice-and-snow themed parks under government partnerships. Revenue derived from government contracts, construction fees, and long-term operational rights. Part of the 'Thousand Venues Plan' (千馆计划) targeting 1,000 venues across China.
2. Sports Training and Education: Revenue from professional sports training institutes and clubs covering football, basketball, tennis, badminton, and other sports. Includes youth training, coach training, vocational training, and parent-child entertainment services. Sports training services are provided through owned and contracted venues.
3. Sports Club Operations and Commercial Management: Business promotion for professional sports clubs including Beijing BG Phoenix Women's Football Club and Beijing BG Baseball Club — involving event management, commercial activities, and public welfare projects for clubs.
4. Sports Media and Advertising: Revenue from facade-based media advertising, new media platform services, and intelligent hardware at sports venues. Outdoor and indoor advertising targeting vertical sports consumer demographics, plus online advertising through member data platforms.
5. Ice and Snow Themed Park Operations: Operation of ice-and-snow themed amusement parks using air dome structures. Revenue from ticketing, leisure entertainment,冰雪 sports experiences, and related commercial operations. Targeted at middle-to-high-end consumers and families.

Go-to-market motion3 records

Distribution channels4 records

Marketing channels5 records

Core offering

Beijing Sports and Entertainment Industry Group invests in, builds, and operates innovative air dome sports parks, ice-and-snow themed amusement parks, sports training programmes across 30+ disciplines, professional sports clubs, and a venue-based advertising/media platform. The company's core delivery is end-to-end sports venue investment, design, construction, and long-term operation, executed through public-private partnerships with Chinese municipal and provincial sports bureaus under the Thousand Venues Plan (千馆计划) targeting 1,000 air dome venues nationwide.

Product overview

Beijing Sports and Entertainment Industry Group operates as a diversified sports and entertainment platform with five core business segments: Innovative Sports Parks (air dome stadiums), Ice-and-Snow Themed Parks, Sports Training Operations, Sports Club Operations (football and baseball clubs), and Media Platform services. The company has acquired key subsidiaries including Yuodun Air Dome (44% market share leader in air membrane construction), Zhonghu Haizhou (ice/snow equipment manufacturing), and operates sports clubs such as Beijing BG Phoenix Football Club and BG Menghu Baseball Club. The strategic Thousand Venues Plan drives expansion of air dome venues nationwide, while subsidiaries like Zhonghu Zhilv manage ice/snow tourism platforms and Zhonghu Yuedong handles venue intangible asset development.

Differentiator

Problem solved

Functional benefit

Brands

• 约顿气膜 (Yaodun Air Dome): Air dome building solutions subsidiary; China's leading air dome building company with approximately 44% market share; listed on NEEQ (Stock Code: 831527).
• 中互智旅 (Zhonghuzhilu)
• 中互海州 (Zhonghuhaisu)
• 北体集团中互悦动 (BJSE Zhonghudongyue)
• 百悦长峰 (Baiyue Changfeng)

Products and services

• Innovative Sports Park (Air Dome Stadium) All-weather, innovative and multifunctional air-structured stadiums that are environmentally controllable, energy saving, and temperature-and-humidity modifiable. Built and operated by BJSE under government partnerships and BOT/PPP contracts; equipped with footpaths, cycle paths, and modern systemic management for sporting events, training courses, and athletic rehabilitation. Delivered primarily to municipal and provincial sports bureaus.
• Ice-and-Snow Themed Park Ice and snow-themed amusement parks built using air dome architecture as core structure, incorporating indoor ice rinks, ski slopes, ice performance centres, and VR technology for all-weather, multi-experience ice-and-snow leisure resorts. Targeted at middle-class families and urban consumers.
• Sports Training Investment and Operations Investment and operation of various sports training institutes and sports-related clubs providing professional venue management for football, basketball, tennis, badminton and other sports. Includes youth training, coach training, vocational training, parent-child activities, and 30+ sports training programmes across owned and contracted venues.
• Sports Club Commercial Management Business promotion, event management, commercial activities and public welfare programmes for professional sports clubs including Beijing BG Phoenix Women's Football Club and Beijing BG Bengal Tigers Baseball Club. Involves national championships, league operations and fan engagement.
• Sports Venue Media Platform (Beiti Media) Media platform leveraging sports venue facades for advertisement clients, building new media platforms through intelligent hardware and internet applications. Provides outdoor and indoor advertising targeting sports consumers, combined with member data-driven online advertising for precise vertical marketing.
• Yuedun Air Dome Stadium Construction Services Air dome membrane-structure building solutions delivered by subsidiary Beijing Yuedun Air Dome Building Technology Corporation (831527.NEEQ), which holds full proprietary intellectual property for three membrane building systems (air dome, frame membrane, membrane roof) and 44% market share of China's 300+ air dome venues. Construction services for the Thousand Venues Plan delivered to government and enterprise clients.
• Zhonghu Haizhou Ice and Snow Equipment and Venue Services Ice-making and snow-making equipment, plus construction services for large-scale real ice skating rinks and indoor ski resort facilities, delivered by subsidiary Zhonghu Haizhou using European snow-making technology. Leading indoor ski (37% share), indoor ice theme parks (60% share), and mobile ice rinks (30% share) provider in China.

Quantifiable outcome

• Air dome venues can achieve approximately 30% gross margin in ice-and-snow themed parks
• +3 more outcomes

Named customers5 records

Segments4 records

Ideal customer profiles4 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature5 records

Partnerships

20 partnerships are on record, tiered major, core and minor.

• National Olympic Sports Center (国家奥林匹克体育中心)majorStrategic or Co-development Partner · 23 July 2018BJSE's subsidiary Zhonghu Yuedong signed a cooperation agreement with the National Olympic Sports Center in July 2018 to comprehensively develop and plan the intangible assets of the National Olympic Sports Center park's venues. Services include resource assessment, development planning, naming rights, and commercial sponsorship strategies.
• Hainan YunSu Tourism Development Co. (海南云宿乡土旅游发展有限公司)coreStrategic or Co-development Partner · 20 July 2018BJSE signed a strategic cooperation agreement with Hainan YunSu Group and Hainan Provincial Department of Culture, Radio, Press and Sports in July 2018. The partnership plans to build approximately 30 air dome sports venues across Hainan province from 2018–2023, develop sports parks and sports cultural towns, and cultivate brand sports events. Goal: 100% coverage of public sports fitness facilities in Hainan.
• Lin Shuj-Li Qun Basketball Alliance (林书豪-李群篮球联盟)majorStrategic or Co-development Partner · 17 July 2018BJSE partnered with the Lin Shuj-Li Qun Basketball Alliance and Guangdong Provincial Sports Bureau to launch the Guangdong 'Hundred Venues Plan' in July 2018. The plan targets 100 air dome basketball venues across Guangdong province within 3–5 years, combining venue construction with youth basketball training programmes.
• Shenzhen Quanjing Sports Industry Investment Group (深圳泉眼体育产业投资集团)majorStrategic or Co-development Partner · 16 July 2018BJSE and Shenzhen Quanjing Group signed a strategic cooperation in July 2018 to build a comprehensive sports venue investment and operation integration platform. Cooperation covers sports venue construction and operation, event organisation, sports training, sports manufacturing, and sports internet services. Goal: promote innovative air dome sports venues, sports parks, and sports Disney nationwide.
• Zhimei Sports Group (智美体育集团)coreStrategic or Co-development Partner · 5 July 2018BJSE and Zhimei Sports announced strategic cooperation in July 2018 and co-founded Zhimei Sports Venue Operations (Shenzhen) Co., Ltd., with BJSE holding 50%. The joint venture targets comprehensive venue layout and operations in China's first-tier cities, expanding the Thousand Venues Plan. Target: thousands of venues by 2022 serving 80 million to 100 million middle-class sports consumers.
• Nanjing Niushoushan Tourism and Culture Group (南京牛首山文化旅游集团有限公司)majorStrategic or Co-development Partner · 2 July 2018BJSE and Nanjing Niushoushan Group signed a strategic cooperation agreement in July 2018 to develop a sports entertainment theme park project in the Niushoushan area of Nanjing (planning area ~1.82 km²). The park will feature indoor ice and snow, racing, equestrian sports, and rock climbing. This is the first large-scale health and sports park in Jiangsu Province.
• Xiong Guoguo Sports Co. (熊国宝体育有限公司)minorStrategic or Co-development Partner · 26 June 2018BJSE and Xiong Guoguo Sports signed a strategic cooperation in June 2018 for venue operations, badminton court investment, training, club management, and the development of the Weihai Xiong Guoguo Badminton Sports Resort Town. Xiong Guoguo is a former badminton world champion. The partnership aims to promote badminton sports nationwide under the Thousand Venues Plan.
• Beijing Rock Road Auto Culture Development Co. (北京岩路汽车文化发展有限公司)minorStrategic or Co-development Partner · 26 June 2018BJSE co-organised the 'Rock Road Lingjiushan International Forest Automobile Crossing Competition' with Beijing Rock Road Auto Culture, the National Physical Training Administration, and Beijing Sport University Science and Technology Center. This was China's first international-level off-road vehicle forest crossing event, held 17–19 August 2018 in Quzhou, Zhejiang Province.
• Hainan YunSu Sports Development Co. (海南云宿体育发展有限公司)coreStrategic or Co-development Partner · 7 June 2018BJSE and Hainan YunSu Sports signed a strategic agreement in June 2018 to build innovative sports venues and establish standardised event operations. They plan to build 50 air dome venues initially, pursuing full coverage of public fitness venues in Hainan. Cooperation also covers event operations including hiking, triathlon, kayaking, sailing, marathon, and cycling events.
• Henan Xintian Group (河南新田集团有限公司)majorStrategic or Co-development Partner · 17 October 2017BJSE and Henan Xintian Group signed strategic cooperation in October 2017 to jointly develop innovative air dome sports venues, sports parks, and sports towns in Henan Province. Xintian Group is a comprehensive real estate developer with nearly 1,000 employees and annual development volume exceeding 500,000 m². The initial project will be at Xintian City Farmers' Paradise Phase II.
• Jiangxi Luyang Sports Industry Development Co. (江西麓扬体育产业发展有限公司)majorStrategic or Co-development Partner · 1 August 2017BJSE's subsidiary Zhonghu Dingfeng Sports Development and Jiangxi Luyang signed a joint venture agreement in 2017. The JV will develop the Gandong Dike Scenic Belt Sports Park project in Nanchang, Jiangxi Province, including air dome sports venues and sports park operations. This represents BJSE's innovative diversified venue operating model.
• Beijing Jiaxin Zhilun International Tennis Academy (北京匠心之轮文化体育有限公司)minorStrategic or Co-development Partner · 1 August 2017BJSE and Jiaxin Zhilun signed a strategic cooperation in August 2017 to promote air dome sports venue investment and construction combined with international-standard tennis training and competitions nationwide. Jiaxin Zhilun operates an international tennis academy with facilities spanning 75,000 m², having trained ~80,000 people annually since 2007.
• Heilongjiang Ice Shang Acrobatics Dance Performing Co. (黑龙江省冰尚杂技舞蹈演艺制作有限公司)minorStrategic or Co-development Partner · 1 July 2017BJSE signed an equity acquisition意向书 with Heilongjiang Ice Shang in July 2017. Ice Shang is a company specialising in ice acrobatics performances, prop innovation, and talent cultivation. The company holds independent intellectual property for ice acrobatics and its production 'Fantasy Aurora' was designated as a National Cultural Export Key Project.
• Cloud Top Group (云顶集团 / Yabuli Ski Resort)coreStrategic or Co-development Partner · 6 June 2017BJSE entered into strategic cooperation with Cloud Top Group in June 2017 for the development of ice and snow sports. Cloud Top Group operates Yabuli Ski Resort, designated as a 2022 Winter Olympics venue for freestyle skiing, snowboarding, aerial, moguls, half-pipe, cross-country, and parallel giant slalom events. Cooperation covers market development, venue investment, construction and operation, training, and related economic expansion.
• China Architecture Design Group (中国中建设计集团有限公司)majorStrategic or Co-development Partner · 1 June 2017BJSE signed a strategic cooperation agreement with China Architecture Design Group (subsidiary of China State Construction Engineering) in June 2017. CAGC provides planning, design, and construction qualification services for sports venues and theme parks. BJSE provides investment, financing, and operations capabilities. The partnership aims to set new benchmarks for sports facility design and planning in China.
• Beijing Sport University Excellence Training (北体大卓越培训)coreStrategic or Co-development Partner · 23 May 2017BJSE and Beijing Sport University Excellence Training jointly developed the 'Sports Venue Management Elite Talent Training' programme in May 2017. The programme creates standardised training curricula covering venue management and planning, addressing the national shortage of professional sports venue management talent. Graduates may join Thousand Venues Plan venues and receive BSU continuing education credentials.
• Shenzhen Haizhou Commerce Facilities Co. (深圳市海州商业设施有限公司)coreStrategic or Co-development Partner · 13 April 2017BJSE signed an acquisition意向书 with Shenzhen Haizhou in April 2017 for deep cooperation in ice and snow facility construction. Haizhou is China's largest ice-making and snow-making equipment provider, with leading market positions in indoor ski (37% share), indoor ice theme parks (60% share), and mobile ice rinks (30% share).
• Beijing Yuedun Air Dome Corporation (北京约顿气膜建筑技术股份有限公司, 831527.NEEQ)coreStrategic or Co-development Partner · 17 January 2017BJSE acquired 50%+ equity stake in Yuedun Air Dome in January 2017, bringing in-house air dome stadium manufacturing and construction capabilities. Yuedun holds 44% market share of China's 300+ air dome venues and is the first listed company in China's air dome industry. This acquisition completed the 'construction + operation' full value chain.
• North Hualu Culture Technology (Beijing) Co. (北方华录文化科技(北京)有限公司)majorStrategic or Co-development Partner · 1 January 2017BJSE and North Hualu (a subsidiary of China Hualu Group under SASAC) signed strategic cooperation in 2017 to invest in and co-operate sports and cultural venues. North Hualu brings expertise in cultural facility planning, investment, construction, and operations. The partnership aims to develop sports entertainment venues with cultural activities, theme parks, and sports events.
• Beijing Sport University Industry Management Group (北京体育大学产业管理集团)coreStrategic or Co-development Partner · 6 July 2016BJSE signed a comprehensive strategic cooperation agreement with Beijing Sport University Industry Management Group in July 2016. The partnership targets sports competition development, sports health product development, technology commercialisation, overseas sports development, and services for Olympics and National Games. Leverages BJSE's project development and financing capabilities with BSU's education, training, and research resources.

Scale indicators14 records

Recent moves7 records

Expansion highlights7 records

Direct peers

• Wanda Sports Group: Chinese sports events, media and venue platform formerly listed on NASDAQ; competes with BJSE in Chinese sports infrastructure and event commercialisation across stadium operations and sports IP monetisation.
• China Sports Industry Group (中体产业): Shanghai-listed Chinese sports industry company with parallel exposure to sports venue construction, operation and sports event services, making it the closest domestic comparable to BJSE's integrated sports venue model.
• Lander Sports Development (莱茵体育): Shenzhen-listed Chinese sports infrastructure developer focused on sports real estate, venue operation and sports content; competes directly with BJSE in air dome stadium build-operate and sports park projects.
• Yabuli Ski Resort (云顶集团 / Cloud Top Group): Strategic cooperation partner and operator of a designated 2022 Winter Olympics venue; directly comparable to BJSE's ice-and-snow themed park business and a key competitor in premium ski resort operation in China.

Broad incumbents

• Beijing Capital Land (北辰实业): Beijing state-backed operator of convention/exhibition and sports venues (including National Convention Center); competes with BJSE in operating large-scale Beijing sports and event venues under government-linked ownership.
• Beijing Properties (Holdings) Limited: Hong Kong-listed Beijing Enterprises Holdings subsidiary and BJSE related party; competes in Chinese sports and cultural venue investment through its own property and investment platform.
• IMG (Endeavor): Global sports events, media and venue management company; comparable to BJSE at the broad sports-event and venue-operation level though serving international rather than Chinese municipal markets.
• AEG (Anschutz Entertainment Group): Global venue operator and sports event promoter; analogous to BJSE at the venue-plus-events business model level, though focused on arenas in Western markets rather than Chinese air dome parks.

Emerging players

• Helens International Holdings: Hong Kong-listed operator of entertainment venues in China; adjacent peer sharing BJSE's reliance on consumer-facing venue economics, urban foot traffic and lifestyle-driven revenue per site.

Others

• Tencent Sports: Sports media and IP platform under Tencent that intersects BJSE's venue media and advertising business; comparable on the media monetisation side though operating as a digital platform rather than venue operator.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat4 records

Key risks6 records

Key highlights6 records

Customer concentration

Revenue estimate

Valuation estimate

Number of profiles

Profiles9 records

Subsidiaries8 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Beijing Sports and Entertainment Industry Group