编号：2022-003 证券代码：002858 证券简称：力盛赛车 上海力盛赛车文化股份有限公司投资者关系活动记录表 | --- | --- | --- | |-----------------------------|-------------------------------|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------- ...

Group 1: Sports Industry Overview - The global sports industry consists of three main components: sports betting, intellectual property (IP), and mass fitness [3] - China's sports industry is still in the early stages of development, particularly in IP and mass fitness, with significant growth potential [3] - In 2021, China's sports manufacturing industry reached a scale of approximately 2.3 to 2.5 trillion RMB, with a target of 5 trillion RMB by 2025 [3] Group 2: Growth and Consumption Trends - Sports services in China currently account for about 30% of the sports industry, compared to 80% in the United States [3] - The sports consumption landscape is growing, with sports goods consumption and services making up 35% to 40% of total sports consumption [3] - The mass fitness sector is expected to grow at an annual rate of 20% to 30% over the next 5 to 10 years [3] Group 3: Digitalization and Innovation - The company aims to build a digital platform for mass fitness, integrating sports, technology, and the internet [4] - The "Sports Bank" product is designed to incentivize mass fitness participation by creating personal exercise accounts that convert activity into "exercise points" [4] - The company is focusing on AI and IoT technology to digitize sports behavior, equipment, and spaces [4] Group 4: Collaboration and Strategic Partnerships - The company collaborates with platforms like Yuedongquan to enhance its digital fitness initiatives [5] - Yuedongquan serves as a supportive platform for the company's mass fitness digitalization efforts, focusing on community engagement and online events [5] - The partnership with Tencent Education aims to integrate AI in physical education, enhancing sports teaching in schools [5] Group 5: Future Projections and Revenue Structure - The company anticipates that the racing business will gradually recover to pre-pandemic levels, while digitalization is expected to grow at a faster pace [6] - There are no specific internal targets set for the expected revenue and profit ratios from mass fitness and racing in the future [6]

编号：2022-004 证券代码：002858 证券简称：力盛赛车 上海力盛赛车文化股份有限公司投资者关系活动记录表 | --- | --- | --- | |-----------------------------|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------ ...

力盛云动（上海）体育科技股份有限公司 2022 年第三季度报告 证券代码：002858 证券简称：力盛体育 公告编号：2022-061 力盛云动（上海）体育科技股份有限公司 2022 年第三季度报告 本公司及董事会全体成员保证信息披露的内容真实、准确、完整，没有虚假记载、误导性陈述或重大遗漏。 重要内容提示： 1.董事会、监事会及董事、监事、高级管理人员保证季度报告的真实、准确、完整，不存在虚假记载、误导性陈述或重大 遗漏，并承担个别和连带的法律责任。 2.公司负责人、主管会计工作负责人及会计机构负责人(会计主管人员)声明：保证季度报告中财务信息的真实、准确、完 整。 3.第三季度报告是否经过审计 □是 否 1 力盛云动（上海）体育科技股份有限公司 2022 年第三季度报告 一、主要财务数据 （一） 主要会计数据和财务指标 公司是否需追溯调整或重述以前年度会计数据 单位：元 其他符合非经常性损益定义的损益项目的具体情况： □适用 不适用 □是 否 | 项目 | 本报告期金额 | 年初至报告期期末金额 | 说明 | | --- | --- | --- | --- | | 非流动资产处置损益（包括已计提 | 30 ...

Financial Performance - The company's operating revenue for the first half of 2022 was ¥77,091,705.48, a decrease of 33.92% compared to ¥116,672,833.91 in the same period last year[21]. - The net profit attributable to shareholders of the listed company was -¥38,661,237.23, representing a decline of 657.20% from a profit of ¥6,938,534.99 in the previous year[21]. - The net profit attributable to shareholders after deducting non-recurring gains and losses was -¥40,462,730.49, a significant drop of 2,599.37% compared to -¥1,498,966.77 in the same period last year[21]. - The net cash flow from operating activities was ¥468,964.40, down 98.73% from ¥36,924,437.77 in the previous year[21]. - The basic earnings per share were -¥0.2486, a decrease of 537.68% from ¥0.0568 in the same period last year[21]. - The diluted earnings per share were -¥0.2459, a decline of 532.92% compared to ¥0.0568 in the previous year[21]. - The weighted average return on net assets was -5.25%, down 7.25% from 2.00% in the previous year[21]. - Total assets at the end of the reporting period were ¥1,039,156,281.31, a decrease of 8.51% from ¥1,135,776,651.18 at the end of the previous year[21]. - The net assets attributable to shareholders of the listed company were ¥713,681,798.96, down 2.37% from ¥730,975,464.71 at the end of the previous year[21]. Operational Highlights - The company plans not to distribute cash dividends or issue bonus shares[5]. - The company launched its first self-developed pure electric go-kart in June 2022, marking a significant product development milestone[31]. - The company operates multiple racing events, including the TCR International Series and the Ferrari Asia Pacific Challenge, with a total of 5 events held during the reporting period[32]. - The company experienced delays in domestic sports events and club operations due to the pandemic, with plans to resume activities in the second half of the year[31]. - The company has expanded its operations with the opening of new go-kart venues in Beijing and Nanchang starting July 2022[31]. - The company reported a loss of CNY 110,881.64 from other non-operating income and expenses[26]. - The company has a strategic focus on digital sports, with a business model divided into three main segments: space, IP, and digitalization[30]. - The company has been recognized as a "National Sports Industry Demonstration Unit" by the General Administration of Sport of China[30]. - The company has a strong customer satisfaction rate and has been expanding its business scale year by year[30]. Event Management and Sponsorship - The Porsche Carrera Cup Asia (PCCA) has successfully held 208 races since its inception in 2003, with a total mileage exceeding 325,000 kilometers and participation from 178 drivers across 21 countries[34]. - The GT Super Sprint Challenge (GTSSC), a new GT-level event launched in 2021, hosted 5 races during the year, although planned events were postponed due to the ongoing pandemic[34]. - The Tianma Driving Festival, established in 2007, is a significant racing cultural event in the Yangtze River Delta, with 2 races held in 2021, but none during the reporting period due to pandemic impacts[35]. - The Central South Racing Festival, initiated in 2017, successfully held 2 races in 2021, becoming a premier automotive and motorcycle themed festival in the region[36]. - The Super Endurance Championship (SEC), launched in 2016, held 1 race during the reporting period, with a format that includes preliminary races leading to a 12-hour endurance race[36]. - The Elite Series, which transitioned to a single-brand event in 2021, did not hold any races during the reporting period due to adjustments in vehicle participation[37]. - The Lisheng Super Track Festival, created in 2017, hosted 1 event in 2021, contributing to the development of motorsport culture[38]. - The 24-Hour Karting Endurance Race, a unique event since 2018, held 1 race in 2021, recognized as one of the most challenging karting events in the country[38]. - The Tianma Motorcycle Club Race, launched in 2021, aimed to provide a platform for motorcycle enthusiasts, with 2 races planned but none held due to pandemic restrictions[39]. Venue Operations - The company operates multiple sports venues, including the Shanghai Tianma Circuit, which is a FIA Grade 4 track, and the Zhuzhou International Circuit, a FIA Grade 2 track, enhancing its capacity for hosting various motorsport events[40]. - The company operates multiple karting venues, including the Jin Hua International Karting Track, which is 1.02 km long and designed according to FIA-CIK international standards[43]. - The company has launched several indoor and outdoor electric karting venues, with the Shanghai Expo store being the first outdoor electric karting venue, covering an area of approximately 5,000 square meters and a track length of 510 meters[44]. - The Beijing Zhongqi Lian Karting Track, opened in July 2022, features a track area of 20,000 square meters and a length of 833 meters, accommodating 13 turns[44]. - The company has a competitive advantage in motorsport events, with the SAIC Volkswagen 333 team having won multiple championships in the China Rally Championship and CTCC[45]. - The MG XPOWER team, sponsored by SAIC Motor, won the TCR China team championship in 2020 and 2021, showcasing the company's strong presence in competitive racing[45]. Research and Development - Research and development expenses increased by 102.00% to ¥10,634,907.86, up from ¥5,264,731.80, indicating a focus on enhancing digital business capabilities[66]. - The company is focused on enhancing operational efficiency in its racing teams, with income recognition linked to the distribution of race events[51]. - The company is actively expanding its digital sports services, integrating new technologies like AI and IoT to meet the growing demand for health management and fitness solutions[55]. - The company has set a performance guidance for the next quarter, expecting a revenue increase of 10% to 15%[193]. - Research and development expenses have increased by 20% to support new technology advancements[193]. Market Expansion and Future Outlook - The company plans to continue focusing on market expansion and new product development despite the challenges posed by the pandemic[70]. - The company raised a total of RMB 390.50 million through a non-public offering, with a net amount of RMB 380.66 million after deducting fees[85]. - The company plans to continue using the unutilized raised funds for committed investment projects[87]. - The company aims to reduce operational costs by 15% through efficiency improvements in the supply chain[122]. - Future guidance indicates a commitment to sustainable growth, with plans to invest 500 million yuan in green technologies over the next five years[122]. Shareholder and Governance - The company emphasized the protection of shareholder rights by ensuring transparent and fair information disclosure practices[118]. - The company has committed to not transferring or entrusting the management of its shares for 36 months from the date of listing[121]. - The company will ensure that any share reduction price will not be lower than the issue price during the two years following the lock-up period[121]. - The company has established a cautious plan for share reductions to stabilize stock prices and support business operations[121]. - The company has a diverse shareholder base, including both individual and institutional investors[155]. Social Responsibility - The company continued to fulfill its social responsibilities without layoffs or salary reductions during the pandemic[118]. - The company donated 100,000 yuan to support pandemic relief efforts in Shanghai during the first half of the year[119]. - The company plans to expand its market presence and enhance public relations to contribute to local economic development[119].

Revenue and Profit - Revenue for Q1 2022 was ¥53,981,645.13, a decrease of 5.71% compared to ¥57,247,725.12 in the same period last year[3] - Net profit attributable to shareholders was -¥15,341,384.07, representing a decline of 490.05% from ¥3,933,218.28 in the previous year[3] - Operating profit for Q1 2022 was a loss of RMB 12,894,878.95, compared to a profit of RMB 11,239,893.46 in Q1 2021[16] - The net profit for the first quarter of 2022 was -12,250,434.19 CNY, compared to a profit of 11,197,421.74 CNY in the same period last year[17] - The total comprehensive income for the first quarter was -12,709,474.45 CNY, compared to 11,627,638.02 CNY in the same quarter last year[17] - The company reported a basic earnings per share of -0.0987 CNY, compared to 0.0319 CNY in the previous year[17] Cash Flow - The net cash flow from operating activities increased by 104.75% to ¥19,735,360.38, up from ¥9,638,917.51 year-on-year[3] - The net cash flow from operating activities was 19,735,360.38 CNY, up from 9,638,917.51 CNY in the previous year[19] - The net cash flow from investing activities was -137,286,150.10 CNY, compared to -23,579,219.42 CNY in the same period last year[19] - The net cash flow from financing activities was 75,162,820.43 CNY, significantly higher than 6,534,348.03 CNY in the previous year[20] Assets and Liabilities - Total assets at the end of the reporting period were ¥1,058,872,936.50, down 6.77% from ¥1,135,776,651.18 at the end of the previous year[3] - Total assets decreased to RMB 1,058,872,936.50 from RMB 1,135,776,651.18, a reduction of 6.8%[14] - Total liabilities decreased to RMB 254,651,251.15 from RMB 320,184,355.37, a decline of 20.5%[15] - The total liabilities increased, impacting the overall financial position of the company, although specific figures were not disclosed in the provided content[19] Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 8,779[9] - The company held 4,413,100 shares in its repurchase account, accounting for 2.76% of the total share capital[11] Research and Development - Research and development expenses increased by 58.36% to ¥4,083,266.30, due to the hiring of additional R&D personnel[7] - Research and development expenses increased to RMB 4,083,266.30, up 58.5% from RMB 2,578,489.11 in the previous year[16] Accounts Receivable and Prepayments - Accounts receivable decreased by 41.31% to ¥44,523,867.73 from ¥75,860,190.89, primarily due to collection of receivables[7] - Accounts receivable dropped to RMB 44,523,867.73 from RMB 75,860,190.89, a decrease of 41.2%[13] - Prepayments increased significantly by 264.62% to ¥26,234,689.05, attributed to new prepayments for racing cars[7] Borrowings - Short-term borrowings rose by 146.41% to ¥132,850,100.00, reflecting an increase in bank loans[7]

Financial Performance - The company reported a total revenue of RMB 1.2 billion for the year 2021, representing a year-on-year increase of 15% compared to 2020[15]. - The net profit attributable to shareholders was RMB 200 million, which is a 10% increase from the previous year[15]. - The company's operating revenue for 2021 was CNY 280,885,992.17, representing a 40.37% increase compared to CNY 200,097,574.02 in 2020[21]. - The net profit attributable to shareholders for 2021 was CNY 3,183,267.48, a significant turnaround from a net loss of CNY 50,981,973.82 in 2020, marking a 106.24% improvement[21]. - The net cash flow from operating activities for 2021 was CNY 73,745,194.03, which is a 2.53% increase from CNY 71,923,260.76 in 2020[21]. - The total assets at the end of 2021 amounted to CNY 1,135,776,651.18, reflecting a 91.38% increase from CNY 593,451,756.57 at the end of 2020[21]. - The net assets attributable to shareholders increased by 106.28% to CNY 730,975,464.71 at the end of 2021, up from CNY 354,362,350.93 at the end of 2020[21]. - The basic earnings per share for 2021 was CNY 0.0239, compared to a loss of CNY 0.4100 per share in 2020, indicating a 105.83% improvement[21]. - The company reported a quarterly revenue of CNY 102,687,753.88 in Q4 2021, which was the highest among the four quarters[25]. - The company achieved operating revenue of ¥280,885,992.17, a year-on-year increase of 40.37%[66]. - Net profit attributable to shareholders reached ¥3,183,267.48, up 106.24% year-on-year[66]. - Overall gross margin improved to 30.51%, reflecting a 12.05% increase compared to the previous year[66]. User Engagement and Market Expansion - User data showed an increase in active users by 25%, reaching a total of 500,000 users by the end of 2021[15]. - Future guidance indicates expected revenue growth of 20% for 2022, driven by new product launches and market expansion[15]. - The company plans to expand its market presence by opening 50 new racing venues across China in the next two years[15]. - The company anticipates further growth in user engagement and market expansion as the sports industry continues to recover and evolve post-pandemic[35]. - By 2025, the sports industry in Shanghai is expected to double in scale compared to 2020, reaching a total size of approximately 500 billion yuan, with the sports industry's added value accounting for about 2.0% of the city's GDP[36]. - The company plans to expand its chain of karting venues across major cities, expecting steady growth in revenue and profits in the coming years[69]. - The company is focusing on digital sports strategies to enhance its dual industry development of "vehicles" and "sports," driven by new technologies and concepts[35]. Research and Development - Research and development expenses increased by 20% to RMB 100 million, focusing on new energy vehicle technologies[15]. - The company is developing electric go-karts, with the first batch expected to be launched in 2022[70]. - The company is developing a new fuel data collection and analysis system aimed at improving efficiency and safety in racing[88]. - A new electric go-kart pedal adjustment technology is being researched to enhance user experience and meet consumer demands[89]. - The company is working on a new type of quick fuel connection to prevent oil spillage and improve service efficiency[89]. - The development of a load measurement technology for racing cars aims to enhance safety and operational reliability[88]. - The number of R&D personnel increased by 25% from 60 in 2020 to 75 in 2021[90]. - The proportion of R&D personnel with a bachelor's degree rose by 23.64%, from 55 in 2020 to 68 in 2021[90]. Strategic Initiatives - The company is exploring potential mergers and acquisitions to enhance its competitive position in the motorsport industry[15]. - The company aims to align with national policies that project the sports industry to reach a total scale of ¥5 trillion by 2025[34]. - The company is committed to promoting the digital transformation of fitness management and the construction of smart sports venues[6]. - The company aims to enhance the digital transformation of sports events, focusing on intelligent technology applications in key areas such as event organization, participation, and viewing[8]. - The company is actively pursuing mergers and acquisitions to strengthen its market position and diversify its offerings[152]. - The company plans to leverage 5G and other new generation information technologies to improve venue management and event services[41]. Risk Management - The company emphasized risk management strategies in light of potential market volatility and regulatory changes[4]. - The company faces risks related to the inability to extend commercial promotion rights for major sports events, which could significantly impact its performance[129]. - The company is exposed to macroeconomic fluctuations that could affect its clients' marketing budgets and, consequently, its own business performance[131]. - The company recognizes the seasonal revenue fluctuations, particularly in Q4, and is working to diversify its revenue streams to mitigate this risk[132]. Governance and Compliance - The company has maintained a governance structure that complies with relevant laws and regulations, ensuring independent operations from its controlling shareholder[140]. - The board of directors consists of eight members, including three independent directors, which meets legal requirements[141]. - The company has established a complete independent financial management system, ensuring financial independence from the controlling shareholder[144]. - The company actively communicates with stakeholders to balance interests among shareholders, employees, and society[142]. - The company has a diverse board with independent directors, ensuring compliance and governance standards are met[148]. Employee Engagement and Incentives - The company implemented a new employee stock ownership plan and stock option incentive plan in October 2021, covering all core staff to enhance motivation[64]. - The total number of employees at the end of the reporting period is 448, with 141 in the parent company and 307 in major subsidiaries[180]. - The company has implemented a performance appraisal system linked to salary incentives, promoting long-term and stable development[181]. - The total number of employees participating in the employee stock ownership plan is 11, holding a total of 4,413,100 shares, which accounts for 2.76% of the company's total equity[189]. Future Outlook - The company plans to continue using the unused raised funds for committed investment projects[112]. - The company is committed to innovation, focusing on the development of new technologies to improve service delivery and customer satisfaction[155]. - The company provided guidance for the next quarter, expecting revenue to be between $160 million and $170 million, indicating a growth of 7% to 13%[163]. - New product launches are anticipated to contribute an additional $20 million in revenue over the next year[163]. - The company plans to optimize its event structure and develop proprietary IP events, particularly in the new energy vehicle sector[124].

上海力盛赛车文化股份有限公司 2021 年第三季度报告 证券代码:002858 证券简称:力盛赛车 公告编号:2021-074 上海力盛赛车文化股份有限公司 2021 年第三季度报告 本公司及董事会全体成员保证信息披露的内容真实、准确、完整,没 有虚假记载、误导性陈述或重大遗漏。 重要内容提示: 1.董事会、监事会及董事、监事、高级管理人员保证季度报告的真实、准 确、完整,不存在虚假记载、误导性陈述或重大遗漏,并承担个别和连带 的法律责任。 2.公司负责人、主管会计工作负责人及会计机构负责人(会计主管人员)声 明:保证季度报告中财务信息的真实、准确、完整。 3.第三季度报告是否经过审计 □ 是 √ 否 一、主要财务数据 (一)主要会计数据和财务指标 公司是否需追溯调整或重述以前年度会计数据 □ 是 √ 否 | | 本报告期 | 本报告期比上年同期增 | 年初至报告期末 | 年初至报告期末比上年 | | --- | --- | --- | --- | --- | | | | | | 同期增减 | | 营业收入(元) | 61.525.404.38 | 6.60% | 178.198.238.29 | 46.06 ...

Financial Performance - The company's operating revenue for the first half of 2021 was ¥116,672,833.91, representing an increase of 81.48% compared to ¥64,288,847.29 in the same period last year[19]. - The net profit attributable to shareholders of the listed company was ¥6,938,534.99, a significant turnaround from a loss of ¥13,451,864.13 in the previous year, marking a 151.58% improvement[19]. - The net cash flow from operating activities increased by 14.26% to ¥36,924,437.77, compared to ¥32,316,675.10 in the same period last year[19]. - Total assets at the end of the reporting period reached ¥1,023,553,208.01, up 72.47% from ¥593,451,756.57 at the end of the previous year[19]. - The net assets attributable to shareholders of the listed company increased by 105.38% to ¥727,785,840.93, compared to ¥354,362,350.93 at the end of the previous year[19]. - Basic earnings per share improved to ¥0.0568 from a loss of ¥0.1071, reflecting a 153.03% increase[19]. - The weighted average return on net assets was 2.00%, a recovery from -3.10% in the same period last year, showing a 5.11% improvement[19]. - The company reported a total of 14,908,161.75 in sales of epidemic prevention materials, contributing significantly to its revenue[24]. - The sports segment contributed ¥89,543,607.04, accounting for 76.75% of total revenue, with a year-on-year growth of 39.28%[61]. - The karting business saw a significant increase of 249.72%, generating ¥11,996,976.49 in revenue[62]. Operational Highlights - The company operates multiple racing events, including the FIA Asian Formula 3 Championship, which hosted 5 races in the reporting period[28]. - The China Touring Car Championship (CTCC) held only 1 race in the first half of 2021 due to external safety incidents[28]. - The company has a diverse portfolio of racing events, including the China Karting Championship, which is the highest level of karting competition in China[28]. - The company operates various racing venues, including the Shanghai Tianma Circuit, which is a FIA Grade 4 circuit covering an area of 221 acres[31]. - The company has developed several proprietary racing event IPs, such as the Super Endurance Championship (SEC), which hosted 2 races in the reporting period[29]. - The company has hosted 5 events for the "Lisheng Super Track Festival" in the reporting period, promoting fan engagement[30]. - The company operates several racing experience centers, including the Wuhan Racing Experience Center, which spans 1.4 kilometers and officially opened in 2018[34]. - The Zhuzhou International Karting Track, opened in November 2017, is the first FIA-CIK standard karting track in South China, measuring 1.048 kilometers in length[35]. - The BMW Driving Experience Center in Shanghai, which opened in March 2017, covers an area of 45,000 square meters and integrates driving experiences with brand culture[33]. - The company manages multiple FIA-standard racetracks, which are expected to increase in number, enhancing the potential for hosting high-profile events like CTCC[40]. Strategic Initiatives - The company aims to expand its market presence by leveraging its dual industry drive of "automobile" and "sports" for future growth[27]. - The company is focused on enhancing its racing technology and services, contributing to the overall growth of the motorsport industry in China[27]. - The company aims to leverage new media trends to enhance audience engagement and transform traditional media partnerships into collaborative resource-sharing[41]. - The company plans to gradually improve revenue seasonality and reduce associated risks by diversifying business types and methods, aiming for increased revenue in the first three quarters[80]. - The company aims to enhance its competitiveness by attracting and retaining talented management and business personnel[79]. - The company plans to enhance its market expansion strategies through various subsidiaries and partnerships in the sports and automotive sectors[180]. Financial Management - The company has not classified any non-recurring gains as recurring gains in its financial reporting[24]. - The company has established a multi-tiered racing venue layout across key regions in China, enhancing customer engagement and supporting major racing events[56]. - The company has expanded its business model to include event services, focusing on high-quality execution for clients' events, which began in 2019[42]. - The company operates a closed-loop business model across the entire automotive sports industry chain, maximizing synergies and enhancing core competitiveness[54]. - The company reported a net cash increase of ¥404,452,353.22, a staggering 3,963.23% increase due to funds raised from a private placement[59]. - Operating costs rose to ¥77,531,409.37, a 41.56% increase from ¥54,767,564.87, primarily due to the normalization of operations post-pandemic[59]. - The management expenses decreased by 32.24% to ¥11,916,558.67, mainly due to reduced rental costs[59]. - The financial expenses increased by 36.92% to ¥3,058,807.42, attributed to foreign exchange losses[59]. Risk Factors - The company faces significant risks that may adversely affect its future development strategies and operational goals, as detailed in the management discussion section[5]. - The company faces risks related to high customer concentration, with the top five customers accounting for 33.99% of revenue in the first half of 2021[77]. - The company is at risk of not renewing commercial promotion rights for major events, which could significantly impact operational performance[78]. - The company is addressing talent shortages in the industry, which poses a risk to its operational and developmental capabilities[78]. - The company has implemented various contingency plans to mitigate risks associated with force majeure events that could lead to the postponement or cancellation of events[81]. Shareholder Information - The total number of shares after the recent changes is 126,320,000, with a breakdown of 29,086,556 restricted shares (23.03%) and 97,233,444 unrestricted shares (76.97%)[122]. - The company repurchased a total of 3,734,300 shares, representing 2.96% of the total share capital, with a total transaction amount of 40,017,812 RMB[125]. - The maximum repurchase price was 11.88 RMB per share, while the minimum was 9.79 RMB per share during the repurchase period[125]. - The company plans to use 40 million to 60 million RMB for share repurchase, with a maximum price of 15 RMB per share[124]. - The number of restricted shares decreased by 1,761,219 due to the release of certain executive lock-up shares[122]. - The company completed a non-public offering of 33,605,838 shares at a price of 11.62 RMB per share, which will be listed in August 2021[128]. - The total share capital increased from 126,320,000 to 159,925,838 shares due to the non-public offering[122]. - The company’s shareholders include significant holdings by executives, with a total of 30,847,775 restricted shares initially, now reduced to 29,086,556[126]. - The shareholder structure indicates a significant concentration of ownership, with the top two shareholders holding over 36% of the total shares[129]. Compliance and Governance - The company has not experienced any serious racing accidents since its establishment, thanks to robust safety measures and insurance coverage, which include public liability insurance and insurance for team members[80]. - The company has not faced any environmental penalties during the reporting period and adheres to environmental protection regulations[91]. - There were no significant lawsuits or arbitration matters during the reporting period[101]. - The company did not experience any non-operating fund occupation by controlling shareholders or related parties[96]. - The company has not engaged in any major contracts or guarantees during the reporting period[112]. - The company’s half-year financial report was not audited[98]. - There were no significant related party transactions during the reporting period[102]. - The company has not initiated any rural revitalization work as of the reporting period[92]. Accounting and Financial Reporting - The company adheres to the accounting standards, ensuring that financial statements accurately reflect its financial position, operating results, and cash flows[184]. - The accounting period is from January 1 to December 31 each year[185]. - The company uses Renminbi as its functional currency for accounting purposes[187]. - The company has a short operating cycle, using 12 months as the standard for classifying the liquidity of assets and liabilities[186]. - Financial assets are classified into three categories upon initial recognition: measured at amortized cost, measured at fair value with changes recognized in other comprehensive income, and measured at fair value with changes recognized in profit or loss[194]. - Financial liabilities are classified into four categories upon initial recognition, including those measured at fair value with changes recognized in profit or loss[194]. - The company recognizes goodwill when the purchase cost exceeds the fair value of identifiable net assets acquired in a business combination[188]. - The company’s cash and cash equivalents include cash on hand and deposits that are readily available for payment[191]. - The company’s financial statements are consolidated, including all subsidiaries under its control[189]. - The company applies the effective interest method for subsequent measurement of financial assets measured at amortized cost[195].

Financial Performance - The company's operating revenue for Q1 2021 was ¥57,247,725.12, representing a 75.11% increase compared to ¥32,693,130.21 in the same period last year[8] - Net profit attributable to shareholders was ¥3,933,218.28, a significant turnaround from a loss of ¥2,621,810.76 in the previous year, marking a 250.02% increase[8] - Basic earnings per share increased to ¥0.0319 from a loss of ¥0.0208, reflecting a 252.63% improvement[8] - The weighted average return on equity rose to 1.10%, compared to -0.60% in the same period last year, an increase of 284.04%[8] - The total comprehensive income for the period was CNY 11,627,638.02, compared to CNY 2,713,686.32 in the previous year, showing a substantial improvement[40] - The total profit for the period was CNY 11,239,694.84, compared to a loss of CNY 684,296.58 in the same period last year[40] - The operating profit for the period was CNY 11,239,893.46, a recovery from a loss of CNY 682,901.18 in the previous year[40] Cash Flow and Liquidity - The net cash flow from operating activities decreased by 52.84% to ¥9,638,917.51 from ¥20,440,402.35 in the previous year[8] - The company’s cash flow from financing activities saw a significant increase of 279.76%, reaching CNY 6,534,348.03 compared to a negative CNY 3,634,982.40 in the previous period, due to borrowing from financial institutions[16] - The company reported a cash inflow from operating activities of CNY 86,996,957.17, down from CNY 105,691,422.65 in the previous period[46] - The company’s cash and cash equivalents decreased to CNY 103,497,510.48 from CNY 112,231,693.40, indicating a decline in liquidity[29] - The ending balance of cash and cash equivalents was 103,197,510.48 CNY, slightly down from 103,357,523.81 CNY[48] Assets and Liabilities - Total assets at the end of the reporting period were ¥605,531,219.98, up 2.04% from ¥593,451,756.57 at the end of the previous year[8] - The total liabilities increased to ¥171,412,487.90 from ¥132,904,791.37, reflecting a rise in financial obligations[35] - The total non-current liabilities rose to ¥17,870,608.16 from ¥4,461,863.89, indicating a shift in long-term financial commitments[35] - The total assets of Shanghai Lisheng Racing Culture Co., Ltd. as of the end of Q1 2021 amounted to CNY 459,439,812.61, reflecting an increase of CNY 15,165,951.78 compared to the previous period[58] - The total equity of the company remained at CNY 311,369,069.46, unchanged from the previous period[59] Shareholder Information - The total number of common shareholders at the end of the reporting period was 5,445[12] - The net assets attributable to shareholders decreased by 2.65% to ¥344,974,415.99 from ¥354,362,350.93 at the end of the previous year[8] - The company's equity attributable to shareholders decreased to ¥296,256,379.64 from ¥311,369,069.46, indicating a reduction in shareholder value[35] Government Support and Other Income - The company received government subsidies totaling ¥879,418.95 during the reporting period, including various support funds and tax rebates[9] - The company recorded a 71.05% decrease in other income, which fell to CNY 870,318.95 from CNY 3,006,455.06, due to a reduction in government subsidies received[16] - The company reported other income of CNY 516,356.36, compared to CNY 406,377.80 in the previous period, indicating growth[42] Research and Development - Research and development expenses for Q1 2021 were ¥2,578,489.11, slightly down from ¥2,883,115.62 in the previous year[38] - The company incurred research and development expenses of CNY 1,519,517.95, slightly down from CNY 1,633,016.91 in the previous period[42] Changes in Financial Reporting - The company has implemented a new leasing standard effective from January 1, 2021, adjusting the initial retained earnings and related financial statement items accordingly[56] - The company’s total non-current liabilities amounted to CNY 19,627,815.67, reflecting the impact of the new leasing standard[59] Audit Status - The first quarter report for 2021 was not audited, which may affect the reliability of the financial data presented[60]