Group 1 - The sports sector experienced a decline of 0.81% compared to the previous trading day, with Lisheng Sports leading the drop [1] - On the same day, the Shanghai Composite Index closed at 4016.33, up 0.7%, while the Shenzhen Component Index closed at 13691.38, up 1.95% [1] - Major stocks in the sports sector showed varied performance, with Zhongti Industry closing at 9.22, down 0.43%, and Lisheng Sports closing at 14.83, down 2.31% [1] Group 2 - The net outflow of main funds in the sports sector was 25.33 million yuan, while retail funds saw a net inflow of 9.78 million yuan [1] - Detailed fund flow data indicated that Zhongti Industry had a main fund net outflow of 7.53 million yuan, while Lisheng Sports had a net outflow of 17.80 million yuan [1] - Retail investors contributed a net inflow of 5.44 million yuan to Zhongti Industry and 4.34 million yuan to Lisheng Sports [1]

Investment Rating - The investment rating for the company is "Buy" (maintained) [5] Core Views - The company's profitability improved year-on-year in Q3 2025, with a significant increase in net profit margin [7] - The company is deeply engaged in the sports industry, leveraging its strong sports event IP and venue resources [7] - The company has launched major racing and golf events, enhancing its media presence and public engagement [7] - The establishment of the first electric vehicle racing event in the Asia-Pacific region demonstrates the company's commitment to innovation in the sports sector [7] - The ongoing construction of the Hainan International Circuit is expected to further expand the company's business capabilities [7] - Future profit forecasts indicate substantial growth, with net profits expected to reach 0.61 billion RMB in 2025, 0.87 billion RMB in 2026, and 1.20 billion RMB in 2027 [7] Financial Summary - Revenue projections for the company are as follows: 405 million RMB in 2023, 441 million RMB in 2024, 560 million RMB in 2025, 699 million RMB in 2026, and 892 million RMB in 2027, with a growth rate of 56.86% in 2023 and 27.06% in 2025 [6][9] - The company is expected to achieve a net profit of 61 million RMB in 2025, with a year-on-year growth rate of 257.01% [6][9] - The company's return on equity (ROE) is projected to improve from -7.41% in 2024 to 10.42% in 2025 [8]

Core Viewpoint - The company has reported its third-quarter financial results, emphasizing the accuracy and completeness of the information disclosed, and highlighting significant developments in its sports events and strategic partnerships [2][16]. Financial Data - The third-quarter financial report has not been audited [13]. - The company does not require retrospective adjustments or restatements of previous accounting data [3]. - There are no non-recurring profit and loss items applicable for the reporting period [3]. Shareholder Information - The total number of ordinary shareholders and the situation of the top ten shareholders are disclosed, with a specific mention of the repurchase account holding 1,793,100 shares [5]. Business Developments - The company successfully hosted the CTCC and CGT racing events in September 2025, attracting over 40,000 attendees and enhancing media attention and public discussion [6]. - A strategic partnership with Langjiu Group was established for the China Men's Professional Golf Tour, marking a significant upgrade for the event and promoting the development of golf in China [7]. - The construction of the Hainan International Circuit is ongoing, with government support and attention, positioning it as a key project for the region's automotive and tourism industries [9]. Other Important Matters - The company has completed a capital increase and share structure change for its subsidiary, Hainan Smart New Energy Vehicle Development Center, increasing its registered capital to 245 million yuan [10].

Core Insights - Lisheng Sports reported a revenue of 380 million yuan for the first three quarters of 2025, marking a year-on-year increase of 14.34%, and a net profit attributable to shareholders of 22.02 million yuan, up 56.07% [1] - In Q3 alone, the company achieved a revenue of 109 million yuan and a net profit of 6.70 million yuan, reflecting a staggering year-on-year growth of 1482.24% [1] - The company is positioned to benefit from the Chinese government's policies aimed at enhancing the sports industry, particularly through the integration of sports with technology and other sectors [1] Company Developments - Lisheng Sports has been actively involved in operating significant events such as the 2025 CTCC China Automobile Circuit Professional League and the "China Tour Club Cup" amateur golf event, which have helped to enhance its influence [2] - The company is focusing on the construction of the Hainan International Circuit, leveraging Hainan's favorable policies and geographical advantages to promote growth in the racing industry [2] - With the upcoming implementation of zero-tariff policies in Hainan's free trade port, Lisheng Sports anticipates a boost in the automobile modification market, attracting more domestic and international teams to participate in races [2] Future Outlook - Lisheng Sports plans to deepen the integration of policy guidance and business innovation, focusing on multiple event IPs to foster collaboration across sports, culture, tourism, and industry development [2] - The company aims to increase investments in event IP creation, industry integration, and international expansion to enhance brand influence and market competitiveness, contributing to the high-quality development of China's sports industry [2]

Financial Performance - In the first three quarters of 2025, the company achieved operating revenue of 380 million yuan, a year-on-year increase of 14.34% [1] - The net profit attributable to shareholders reached 22.02 million yuan, up 56.07% year-on-year [1] - In the third quarter alone, the company reported operating revenue of 109 million yuan and a net profit of 6.70 million yuan, marking a staggering year-on-year increase of 1482.24% [1] Industry Position and Strategy - The company is recognized as a leading automotive sports service provider in China, focusing on event IP development, industry integration, and international expansion [1] - The company aligns with national policies aimed at promoting the sports industry, emphasizing innovation and integration across various sectors [1] Event Highlights - The 2025 CTCC China Automobile Circuit Professional League held in Shanghai attracted over 40,000 attendees, with tickets selling out within an hour, significantly enhancing the event's visibility [2] - The company effectively utilized celebrity endorsements to broaden the event's appeal and convert fan engagement into consumer spending [2] Innovation in Electric Racing - The company launched the first domestically produced electric racing car, the Dongfeng Yipai eπ007, in collaboration with Dongfeng Motor, marking a significant step in integrating electric vehicle technology into motorsports [3] - The inaugural CTCC Electric Racing Cup is set to take place from October 31 to November 2, 2025, aiming to fill a gap in the electric racing sector in China [3] Expansion Opportunities - The upcoming implementation of zero-tariff policies in Hainan Free Trade Port is expected to create significant growth opportunities for the automotive modification market and attract more domestic and international teams [4] - The company is focusing on the development of the Hainan International Circuit project, leveraging local policies and geographical advantages to drive growth in the racing industry [4] Future Outlook - The company plans to deepen the integration of policy guidance and business innovation, focusing on multiple event IPs to enhance collaboration across sports, culture, tourism, and consumption sectors [4] - Continued investment in event IP development, industry integration, and international expansion is expected to bolster the company's brand influence and market competitiveness [4]

Core Viewpoint - Lisheng Sports reported a significant increase in revenue and net profit for the first three quarters of 2025, indicating strong growth and industry influence in the sports event market [1] Group 1: Financial Performance - The company's revenue for the first three quarters reached 380 million yuan, a year-on-year increase of 14.34% [1] - Net profit for the same period was 22.02 million yuan, reflecting a year-on-year growth of 56.07% [1] - In the third quarter alone, revenue was 109 million yuan, with net profit soaring to 6.70 million yuan, marking an extraordinary increase of 1482.24% year-on-year [1] Group 2: Industry Innovations - Lisheng Sports has actively engaged in the innovation of the sports industry, launching the first domestically produced electric racing car, the Dongfeng Yipai eπ007, in collaboration with Dongfeng Motor [2] - The company introduced the CTCC Electric Racing Cup and Xracing Etcr Cup, set to take place from October 31 to November 2, which is the first electric vehicle racing event in the Asia-Pacific region [2] - In golf, Lisheng Sports announced the addition of the China Men's Professional Golf Tour and launched the "China Tour Club Cup" amateur event to promote broader participation in golf [2] Group 3: Future Outlook - The company plans to deepen the integration of policy guidance and business innovation, focusing on multiple event IPs to enhance synergy with tourism, consumption, and industrial development [3] - Lisheng Sports aims to increase investment in event IP creation, industry integration, and international expansion to boost brand influence and market competitiveness [3] - The company is committed to injecting vitality into the high-quality development of China's sports industry [3]

力盛云动（上海）体育科技股份有限公司 董事、高级管理人员离职管理制度 力盛云动（上海）体育科技股份有限公司 董事、高级管理人员离职管理制度 第一章 总则 第一条 为了进一步规范力盛云动（上海）体育科技股份有限公司（以下简称"公 司"）董事、高级管理人员离职管理，保障公司治理结构的稳定性和连续性，维护 公司及股东的合法权益，根据《中华人民共和国公司法》（以下简称"《公司法》"）、 《上市公司章程指引》等法律法规及《力盛云动（上海）体育科技股份有限公司章 程》（以下简称"《公司章程》"）的有关规定，制定本制度。 第二条 本制度适用于公司全体董事（含独立董事）及高级管理人员的辞任、任 期届满未连任、解任及其他导致实际离职的情形。 第二章 离职情形与生效条件 第三条 董事可以在任期届满之前提出辞任。董事辞任应当向公司提交书面辞职 报告，公司收到辞职报告之日辞任生效，公司将在两个交易日内披露有关情况。如 因董事的辞任导致公司董事会成员低于法定最低人数时，在改选出的董事就任前， 原董事仍应当依照法律、行政法规、部门规章和《公司章程》的规定，履行董事职 务。担任法定代表人的董事或经理辞任的，视为同时辞去法定代表人。法定代表 ...

证券代码：002858 证券简称：力盛体育 公告编号：2025-074 力盛云动（上海）体育科技股份有限公司 表决结果：同意 9 票，反对 0 票，弃权 0 票。 《力盛云动（上海）体育科技股份有限公司 2025 年第三季度报告》于同日 在巨潮资讯网（http://www.cninfo.com.cn）及《中国证券报》《上海证券报》《证 券时报》《证券日报》上披露。 第五届董事会第十五次会议决议公告 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。 一、会议召开情况 力盛云动（上海）体育科技股份有限公司（以下简称"公司"）第五届董事 会第十五次会议于 2025 年 10 月 27 日在上海市长宁区福泉北路 518 号 8 座 2 楼 公司会议室以现场结合通讯的方式召开。本次会议由公司董事长夏青先生召集和 主持，会议通知及相关资料已于 2025 年 10 月 17 日以微信等形式送达全体董事。 本次会议应出席董事 9 名，实际出席董事 9 名（其中董事夏子、独立董事顾 鸣杰、张桂森、陈其以通讯方式参会），公司部分高级管理人员列席。本次会议 的召集和召开程序、出席和列 ...

Financial Performance - The company's revenue for Q3 2025 was ¥108,616,862.32, a decrease of 1.07% compared to the same period last year, while year-to-date revenue increased by 14.34% to ¥380,336,936.12[5] - Net profit attributable to shareholders for Q3 2025 reached ¥6,696,217.78, a significant increase of 1,482.24% year-on-year, with year-to-date net profit growing by 56.07% to ¥22,019,268.52[5] - The basic earnings per share for Q3 2025 was ¥0.0418, reflecting an increase of 895.24% compared to the same period last year, while year-to-date earnings per share rose by 43.43% to ¥0.1364[5] - The total operating revenue for the current period reached CNY 380,336,936.12, an increase from CNY 332,622,442.97 in the previous period, representing a growth of approximately 14.3%[22] - The net profit for the current period is CNY 42,734,022.09, an increase from CNY 32,727,758.35 in the previous period, representing a growth of approximately 30.6%[23] - The total profit before tax is CNY 44,580,138.47, an increase from CNY 34,146,841.68 in the previous period, reflecting a growth of approximately 30.5%[23] Assets and Liabilities - Total assets at the end of Q3 2025 amounted to ¥1,128,113,238.78, representing a growth of 13.58% from the end of the previous year[5] - The company's total liabilities increased to CNY 401,921,589.59 from CNY 318,481,273.93, which is an increase of approximately 26.2%[21] - The company's long-term equity investments rose to CNY 37,989,463.72 from CNY 26,971,265.52, showing an increase of approximately 40.7%[19] Cash Flow - The company reported a cash flow from operating activities net amount of ¥52,956,764.35, which decreased by 46.38% compared to the previous year[9] - The net cash flow from operating activities is CNY 52,956,764.35, down from CNY 98,771,934.37 in the previous period, indicating a decrease of approximately 46.5%[25] - The net cash flow from investing activities is CNY -19,561,904.12, a decrease from CNY 40,400,527.21 in the previous period, indicating a decline of approximately 148.3%[25] - The net cash flow from financing activities is CNY 22,827,399.39, compared to CNY -74,856,642.77 in the previous period, showing a significant improvement[25] Expenses - The company’s research and development expenses for Q3 2025 were ¥5,280,051.92, a decrease of 39.83% year-on-year due to a reduction in R&D personnel[8] - The company’s financial expenses increased by 208.38% to ¥8,828,606.33, primarily due to foreign exchange losses from USD assets held by overseas subsidiaries[9] - The financial expenses for the current period were CNY 8,828,606.33, significantly higher than CNY 2,862,869.07 in the previous period, indicating an increase of approximately 208.5%[22] Shareholder Information - The total number of common shareholders at the end of the reporting period is 19,225[11] - The largest shareholder, Xia Qing, holds 12.29% of shares, totaling 20,150,000 shares[11] - Shanghai Saisai Investment Co., Ltd. is the second-largest shareholder with 9.93%, holding 16,277,800 shares, of which 3,100,000 are pledged[11] - The total number of shares held by the top ten unrestricted shareholders includes 16,277,800 shares from Shanghai Saisai Investment Co., Ltd.[12] Business Development and Events - The company is actively promoting the construction of the Hainan International Circuit, which has gained attention from national and local government leaders[16] - The CTCC Electric Racing Cup is set to launch from October 31 to November 2, 2025, marking a significant innovation in electric racing[14] - The company announced a strategic partnership with Langjiu Group for the China Men's Professional Golf Tour, enhancing the event's profile[15] - The company is focusing on expanding its business capabilities in Hainan, leveraging the region's development as a free trade port[16] - The CTCC and CGT events held in September 2025 attracted over 40,000 attendees, boosting media attention and public engagement[14] - The company is committed to promoting the integration of professional and amateur golf through the "China Tour Club Cup" series[15] Inventory and Costs - The company’s inventory increased by 23.53% to ¥47,997,112.79, attributed to increased purchases of goods and accessories corresponding to higher sales[8] - The total operating costs amounted to CNY 345,909,715.32, up from CNY 302,484,660.56, indicating an increase of about 14.3%[22] - The company's inventory increased to CNY 47,997,112.79 from CNY 38,856,022.06, reflecting a growth of about 23.5%[19] Comprehensive Income - The total comprehensive income for the current period is CNY 56,227,949.63, compared to CNY 32,108,603.45 in the previous period, showing an increase of about 75.1%[23] - The other comprehensive income after tax attributable to the parent company is CNY 6,881,903.05, compared to CNY -315,672.50 in the previous period, indicating a significant recovery[23]

Core Points - The sports sector experienced a decline of 2.0% on October 27, with Zhongti Industry leading the drop [1] - The Shanghai Composite Index closed at 3996.94, up 1.18%, while the Shenzhen Component Index closed at 13489.4, up 1.51% [1] Company Performance - Lisheng Sports (002858) closed at 15.07, down 1.05%, with a trading volume of 55,800 shares and a transaction value of 83.88 million yuan [1] - Zhongti Industry (600158) closed at 9.21, down 2.23%, with a trading volume of 337,200 shares and a transaction value of 311 million yuan [1] Fund Flow Analysis - The sports sector saw a net outflow of 3.32 million yuan from main funds, while retail investors experienced a net outflow of 19.35 million yuan [1] - Speculative funds recorded a net inflow of 22.67 million yuan [1] Individual Stock Fund Flow - Lisheng Sports had a main fund net inflow of 2.87 million yuan, accounting for 3.42% of its total, with a speculative fund net inflow of 2.10 million yuan [1] - Zhongti Industry faced a main fund net outflow of 6.19 million yuan, representing -1.99% of its total, while speculative funds had a net inflow of 20.57 million yuan [1]