证券代码：002858 证券简称：力盛体育 公告编号：2025-042 力盛云动（上海）体育科技股份有限公司 一、 股东股份质押基本情况 | 是否为 | 是 | 是 | 控股股 | 本次质 | 否 | | | | | | | | | | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | | 占其所 | 占公司 | 否 | 东或第 | 押股份 | 为 | 股东 | 持股份 | 总股本 | 为 | 质押 | 质押 | 质权 | 质押 | | 一大股 | 数量 | 补 | 名称 | 比例 | 比例 | 限 | 起始日 | 解除日期 | 人 | 用途 | 东及其 | （万 | 充 | | （%） | （%） | 售 | 一致行 | 股） | 质 | 股 | | | | | | | | | 动人 | 押 | 杭州 | | | | | | | | | | | | | 上海 | 银行 | 赛赛 | 办理解除质 | | | | | | | | | | | | 股份 | 自身 | 有限 | 资金 | 投资 | ...

Summary of Lisheng Sports Conference Call Company Overview - **Company**: Lisheng Sports - **Industry**: Sports Event Management and Operations Key Points and Arguments Financial Performance - Lisheng Sports achieved a record high total revenue of over 400 million yuan in 2024, despite facing long-term equity investment losses and goodwill impairment [2][8] - Core racing and event operations remained profitable, while emerging karting and digital sports businesses incurred losses [2][8] - The company expects improved performance in 2025 due to reduced risks and an employee stock ownership plan [2][8] Business Strategy and Expansion - The company is expanding its strategy from racing to a broader sports domain, having secured golf event authorization in 2025 and planning to extend into tennis, cycling, and marathons [2][4] - The golf business will encompass events, practice facilities, and equipment, with expected revenue contributions starting in 2025 and significant growth anticipated post-2026 [2][5] - The Haikou racetrack is projected to be completed by the end of 2026, contributing to revenue from 2026 to 2027, benefiting from Hainan's free trade zone operations and tourism consumption [2][6] Market Outlook - The company is optimistic about the golf market, predicting that a well-structured full industry chain could surpass the scale of its current racing business [2][7] - Long-term revenue target is set to exceed 1 billion yuan through a "5+4+2" model [2][7] Revenue Streams and Profitability - The commercial value of golf events includes sponsorship, registration fees, merchandise, and broadcasting rights, with significant profit potential once initial costs are covered [2][8] - The expected revenue for golf events is around 400 million yuan, with profits projected between 150 million to 200 million yuan [12] Future Developments - The company plans to explore other sports events like marathons and tennis in 2026, contingent on progress in 2025 [14] - Additional racetrack projects are planned outside Hainan, driven by the growing demand for performance cars in China [15] Challenges and Risks - The company faced challenges in the past year due to long-term equity investment losses and goodwill impairment, alongside losses in karting and digital sports due to high initial investments [8] - The focus for 2025 will be on ensuring profitability and avoiding large-scale loss-making investments, particularly in AI and digital sports [18] Market Comparison and Insights - Domestic golf event profitability is expected to improve through marketization, with potential comparisons to successful overseas models like the European Tour [9][10] - The company is analyzing the commercial viability of various sports events, considering market competition and audience characteristics [20] Important Milestones - Key milestones to watch in 2025 and 2026 include developments in the golf business, the construction of the Haikou racetrack, and the progress of the company's capital increase and buyback plans [21]

Core Viewpoint - The company is experiencing a significant increase in cash flow and is focusing on expanding its business through innovative projects and international market opportunities while managing risks associated with goodwill impairment and external economic factors [2][3][5][7]. Financial Performance - The company reported a net profit loss of 38.86 million yuan for 2024, primarily due to impairment provisions for long-term equity investments and goodwill [2][5]. - Operating cash flow surged by 1168.76% year-on-year to 105 million yuan, attributed to improved credit risk management and aggressive collection of receivables [2][5]. - The company plans to repurchase shares worth 20 to 40 million yuan for employee stock ownership plans or equity incentives [10][11]. Business Development - The company is actively pursuing cross-industry collaborations in IP incubation, event promotion, and customer development to enhance its racing sports content ecosystem [2][3]. - The international business revenue accounted for 46.73% in 2024, indicating steady growth and potential for further expansion in global markets [3]. - The Hainan International Circuit project is under construction and is expected to be operational by the end of 2026, aiming to leverage the unique advantages of Hainan Free Trade Port [3][9]. Industry Trends - The company is capitalizing on the growing trend of digital sports and AI technology, focusing on both B2B and B2C opportunities in the digital sports sector [3][8]. - The domestic motorsport events are experiencing stable revenue growth, supported by national policies encouraging automotive consumption and events [4][7]. - The company is exploring innovative integrations of lottery business with sports events to enhance operational visibility and influence [9]. Strategic Initiatives - The company is enhancing its traditional event marketing through technological advancements in VR/MR and AI, aiming to improve event operations and audience engagement [8]. - The company is diversifying its sports event portfolio, including plans to host around 20 golf tournaments nationwide, expanding into other sports like tennis and marathons [7][8].

Core Viewpoint - The company plans to repurchase its A-shares using self-owned funds, self-raised funds, and a special loan for stock repurchase, with a total amount between RMB 20 million and RMB 40 million, and a maximum repurchase price of RMB 17.00 per share [1][4][5] Summary by Sections Repurchase Plan - The repurchase aims to enhance investor confidence, stabilize and increase company value, and improve long-term incentive mechanisms [3][4] - The repurchase will be conducted through centralized bidding on the Shenzhen Stock Exchange [4][5] Financial Details - The estimated number of shares to be repurchased ranges from approximately 117,650 shares (at the lower limit) to 2,352,941 shares (at the upper limit), representing 0.72% to 1.44% of the total issued share capital [1][8] - The company has secured a loan commitment from China Bank for up to RMB 20 million, with a maximum loan ratio of 90% [2][11] Implementation Timeline - The repurchase period is set for 12 months from the board's approval date [5][6] - The company will disclose the progress of the repurchase in accordance with relevant regulations [11] Share Structure Changes - Post-repurchase, if all shares are used for employee stock ownership plans, the structure will change, with restricted shares increasing from 10.33% to 11.77% and unrestricted shares decreasing from 89.67% to 88.23% [8] Management Assurance - The board assures that the repurchase will not harm the company's debt repayment ability or ongoing operations [9][10]

证券代码：002858 证券简称：力盛体育 公告编号：2025-041 人及其一致行动人、持股 5%以上股东在回购期间暂时无明确的增减持计划。若 未来相关主体拟实施股份增减持计划，公司将按照有关规定及时履行信息披露义 务。 5、截至本公告披露日，公司已取得中国银行股份有限公司上海市闵行支行 出具的《贷款承诺函》，中国银行股份有限公司上海市闵行支行承诺为公司提供 不超过人民币 2,000 万元额度的股票回购专项贷款，期限不超过 3 年；贷款比例 不超过 90%，具体贷款事宜将以双方签订的相关合同为准。本次股票回购专项贷 款额度不超过 2,000 万元人民币，不代表公司对回购金额的承诺，具体回购资金 总额以回购期满时实际使用的资金总额为准。 6、相关风险提示： （1）本次回购存在回购股份所需资金未能筹措到位，导致回购方案无法实 施的风险； 力盛云动（上海）体育科技股份有限公司 回购报告书 本公司及董事会全体成员保证信息披露内容的真实、准确和完整，没有虚 假记载、误导性陈述或重大遗漏。 重要提示： 1、力盛云动（上海）体育科技股份有限公司（以下简称"公司"）使用自有资 金、自筹资金及股票回购专项贷款通过集中竞价的方 ...

Financial Performance - The company reported a net loss of 38.86 million yuan in 2024, primarily due to impairment provisions for long-term equity investments and goodwill, as well as underperformance in certain business segments [3][4]. - Revenue growth for 2024 is projected at 8.77%, but the core business has achieved profitability when excluding impairment impacts [3][4]. - Operating cash flow increased significantly by 1168.76% to 105 million yuan, attributed to improved credit risk management and collection efforts [3][4]. Business Strategy - The company plans to optimize and divest underperforming business segments to mitigate losses [3][4]. - A new subsidiary, Shanghai Wanyou Engine Cultural Media Co., Ltd., was established to enhance cross-industry collaboration in motorsport content and marketing [3][4]. - The company is focusing on expanding its international market presence, with overseas business revenue accounting for 46.73% in 2024 [6][7]. Investment and Financing - The company is exploring various financing options, including potential bond issuance, to fund key projects like the Hainan New Energy Vehicle initiative [4][5]. - A share repurchase plan has been implemented, with a price cap set at 17 yuan, based on regulatory guidelines and market conditions [4][5]. Risk Management - The company has implemented measures to manage risks associated with credit and operational safety, including comprehensive insurance coverage for events [10][11]. - Strategies are in place to address foreign exchange risks, with a significant decrease in financial expenses due to favorable currency movements [19]. Market Opportunities - The company is leveraging government policies that support the integration of sports events and tourism to expand its business opportunities [8][9]. - There is a focus on developing digital sports products and enhancing the overall spectator experience through technology [15][16]. Collaboration and Partnerships - The company maintains long-term partnerships with international racing organizations and automotive brands, enhancing its competitive position in the motorsport industry [14][19]. - Collaborations with leading electric vehicle manufacturers are ongoing, with a focus on integrating new energy vehicles into racing events [11][12].

证券代码：002858 证券简称：力盛体育 公告编号：2025-040 力盛云动（上海）体育科技股份有限公司 关于回购股份事项前十名股东及前十名无限售条件股东持 股情况的公告 本公司及董事会全体成员保证信息披露内容的真实、准确和完整，没有虚假 记载、误导性陈述或重大遗漏。 力盛云动（上海）体育科技股份有限公司（以下简称"公司"）于 2025 年 5 月 13 日召开的第五届董事会第十次会议审议通过了《关于以集中竞价交易方式 回购股份方案的议案》和《关于授权管理层全权办理本次回购相关事宜的议案》。 具体内容详见公司于 2025 年 5 月 15 日刊登在指定信息披露媒体上及巨潮资讯 网（http://www.cninfo.com.cn）上的相关公告。 根据《深圳证券交易所上市公司自律监管指引第 9 号——回购股份》《上市 公司股份回购规则》的相关规定，现将公司董事会公告回购股份决议的前一个交 易日（即 2025 年 5 月 14 日）登记在册的前十名股东和前十名无限售条件股东的 名称、持股数量及持股比例公告如下： 一、董事会公告回购股份决议的前一个交易日（2025 年 5 月 14 日）登记在 册的前十名股东的 ...

Core Viewpoint - Lisheng Sports has successfully organized three major national-level sports events within the same week, showcasing its strong capabilities in sports event management and enhancing the value of sports IP in China [1][4]. Group 1: Event Highlights - The China Professional Golf Tour Chongqing Open, exclusively operated by Lisheng Sports, featured 144 top players from 17 countries, with local champion Zhou Yihan winning the title and becoming the first "Four-time Champion" in the tour's history [2]. - The China GT Supercar Championship held at the Shanghai International Circuit showcased 29 cars and over 50 drivers, concluding with a dramatic finish decided by just 0.2 seconds, highlighting the excitement of motorsport [2]. - The CKC China Karting Championship in Guangzhou attracted nearly 100 participants across various age groups, demonstrating the growing popularity and competitive spirit in karting [3]. Group 2: Company Strategy and Market Position - Lisheng Sports is recognized as a leading operator in automotive sports and a pioneer in the marketization and digital transformation of the sports industry in China, managing high-profile events and developing a comprehensive sports IP ecosystem [4]. - Recent government policies aimed at supporting the high-quality development of the sports industry present new opportunities for growth, which Lisheng Sports is actively pursuing through strategic partnerships and resource integration [4]. - The company has entered a strategic partnership with the China Golf Association to exclusively promote the China Men's Professional Golf Tour, capitalizing on the expanding market for golf, projected to grow from approximately $13.12 billion in 2025 to $19.7 billion by 2034, with a CAGR of 4.15% [5]. Group 3: Upcoming Events - Lisheng Sports is set to host the FIA Formula E World Championship in Shanghai from May 31 to June 1, 2025, which is expected to attract significant attention due to its focus on environmental sustainability and innovation in motorsport [5].

Group 1: Company Overview - Lisheng Yundong (Shanghai) Sports Technology Co., Ltd. is a leading automotive sports service provider in China, focusing on sports event management, venue operations, marketing services, and digital sports business [2]. - The company achieved a record revenue of CNY 441 million in 2024, representing a year-on-year growth of 8.77% [2]. - The sports event management segment generated CNY 270 million, up 20.79%, accounting for 61.24% of total revenue [2]. Group 2: Financial Performance - The operating profit from the sports event management segment reached CNY 73.06 million, a 46.79% increase [2]. - Revenue from venue operations was CNY 113 million, with a significant growth of 35.24%, and operating profit surged by 251.95% to CNY 12.89 million [2]. - The company also reported positive profit growth in Q1 2025 [2]. Group 3: Future Plans and Projects - In 2025, the company plans to host approximately 20 golf events across the country, having secured authorization from the China Golf Association [4]. - The Hainan racetrack project commenced construction in February 2025, with an expected completion date by the end of 2026 [5]. - The company is focusing on innovative golf events and the Hainan racetrack as key growth drivers for future financial performance [7]. Group 4: Employee and Market Strategies - The company has implemented an employee stock ownership plan to enhance team cohesion and promote long-term development [6]. - A share buyback plan is in place to stabilize market expectations and maintain company value [3]. - The company is actively pursuing innovative collaborations and investments in the sports industry to expand its business and increase shareholder returns [7]. Group 5: Supportive Policies - National policies are favorable for the company's growth, including initiatives promoting "event economy" and financial support for the sports industry [8]. - Relevant government documents outline plans for enhancing sports consumption and promoting health, which align with the company's strategic direction [8].

Group 1 - Huate Gas plans to reduce its shareholding by up to 2% through block trading from June 9, 2025, to September 8, 2025, totaling no more than 2.4 million shares [1] - Huazhong Co. reported April sales of 208,200 pigs, with a revenue of 375 million yuan, showing a month-on-month decrease of 4.28% [2] - Haizheng Biomaterials intends to reduce its shareholding by up to 1% starting from June 9, 2025, due to funding needs [3] Group 2 - Lisheng Sports plans to repurchase shares worth between 20 million and 40 million yuan for employee stock ownership plans [5] - Hongjing Technology signed a service contract worth 563 million yuan for a smart computing project, lasting five years [6] - Ugreen Technology aims to participate in the pre-restructuring of Zhongzhi Real Estate, targeting 100% equity acquisition [8] Group 3 - Jingquan Hua plans to reduce its shareholding by up to 1.67% starting from June 6, 2025 [9] - New Times plans to reduce its shareholding by up to 0.3% starting from June 6, 2025 [10] - Baofeng Energy intends to repurchase shares worth between 1 billion and 2 billion yuan, with a maximum price of 22.80 yuan per share [10] Group 4 - Yuanli Co. plans to reduce its shareholding by up to 3% starting from June 6, 2025 [14] - Huakai Yibai intends to reduce its shareholding by up to 3% starting from June 6, 2025 [15] - Guangshengtang's innovative hepatitis B drug GST-HG131 has completed Phase II clinical trials, showing significant efficacy [17] Group 5 - Electric Media plans to invest 115 million yuan in a cultural technology venture capital fund, which has a total expected scale of 2 billion yuan [21] - China Merchants Port reported a total of 17.059 million TEUs in April, a year-on-year increase of 6% [23] - Changguang Huaxin plans to reduce its shareholding by up to 2% starting from June 9, 2025 [25] Group 6 - Huace Film plans to reduce its shareholding by up to 1.11% starting from June 6, 2025, to reduce debt [26] - BeiGene's HHLR Fund reduced its shareholding from 6.03% to 4.89% after selling 16 million shares [27] - Heertai plans to reduce its shareholding by up to 2.05% starting from June 6, 2025 [28] Group 7 - Biyin Lefen's director plans to reduce his shareholding by up to 491,300 shares starting from June 6, 2025, due to personal funding needs [29]