LSR(SZ:002858)2025-04-29 09:05Financial Performance - The company's revenue for Q1 2025 was ¥108,310,427.46, representing a 3.27% increase compared to ¥104,876,484.30 in the same period last year[5]. - Net profit attributable to shareholders decreased by 44.30% to ¥6,441,517.01 from ¥11,564,982.33 year-on-year[5]. - Basic and diluted earnings per share decreased by 45.85% to ¥0.0398 from ¥0.0735 in the same period last year[5]. - Net profit for the current period was ¥17,383,590.64, a decrease of 31.4% compared to ¥25,304,057.39 in the previous period[30]. - The company reported an investment income of ¥880,313.04, an increase from ¥643,370.98 in the previous period[29]. - Other comprehensive income after tax for the current period was ¥5,429,076.00, compared to a loss of ¥3,457,456.54 in the previous period[30]. - The company’s total comprehensive income for the current period was ¥22,812,666.64, compared to ¥21,846,600.85 in the previous period, reflecting an increase of 4.4%[30]. Cash Flow - The net cash flow from operating activities fell by 48.55% to ¥23,371,523.19, down from ¥45,423,363.15 in the previous year[5]. - Cash inflow from operating activities totaled 157,557,470.17 yuan, a slight decrease from 160,360,967.85 yuan in the previous period, reflecting a decline of about 1.0%[31]. - Cash inflow from investment activities was 232,213,350.79 yuan, slightly down from 232,625,339.72 yuan, showing a decrease of about 0.2%[32]. - Net cash flow from investment activities turned negative at -2,135,637.72 yuan compared to a positive 3,024,384.52 yuan in the previous period[32]. - Cash inflow from financing activities increased to 105,210,000.00 yuan from 92,349,999.00 yuan, marking an increase of approximately 14.0%[32]. - Net cash flow from financing activities improved to 39,350,149.92 yuan from 9,926,601.89 yuan, indicating a significant increase of about 296.5%[32]. - The total cash and cash equivalents at the end of the period reached 321,142,973.64 yuan, up from 211,765,642.34 yuan, reflecting an increase of approximately 51.7%[32]. - The company received 4,195,750.79 yuan in cash from investment income, a significant increase from 642,976.01 yuan in the previous period, representing an increase of about 552.5%[31]. - The company reported a cash inflow of 21,723,500.48 yuan from other operating activities, up from 17,050,388.42 yuan, indicating an increase of approximately 27.5%[31]. Assets and Liabilities - Total assets increased by 6.37% to ¥1,056,512,092.00 compared to ¥993,219,559.40 at the end of the previous year[5]. - Total liabilities rose to ¥382,357,967.89, up from ¥318,481,273.93, marking an increase of 20.0%[28]. - The company's equity attributable to shareholders reached ¥533,661,961.75, compared to ¥524,451,615.98 in the previous period, showing a slight increase of 1.3%[28]. - The total current assets amounted to CNY 525.91 million, up from CNY 452.72 million, indicating an increase of approximately 16.2%[26]. Shareholder Information - The total number of common shareholders at the end of the reporting period is 21,824[13]. - The largest shareholder, Xia Qing, holds 12.29% of the shares, amounting to 20,150,000 shares[13]. Business Operations and Strategy - The company has renewed its contract with the FIA Formula E World Championship, continuing as the official operating agent until 2025[14]. - The company has been authorized to operate and promote the "China GT Supercar Championship," with the event scheduled for April 26-27, 2025, in Shanghai[14]. - The Hunan Zhuzhou International Circuit has been rated as a national 3A-level tourist attraction, enhancing its brand influence in the region[16]. - The core project of the Hainan New Energy Vehicle Experience Center, including an international standard racetrack, has officially commenced construction, expected to be operational by 2026[16]. - The company has conducted over ten marketing service projects in Q1 2025, serving multiple automotive brands including Xiaomi and BMW[17]. - The company has established a joint venture with Menya Video to enhance its event IP marketing through cross-industry collaboration[15]. - The company is actively pursuing market expansion strategies and new product development initiatives to enhance its competitive position in the industry[20]. Research and Development - Research and development expenses decreased by 42.73% to ¥1,640,557.92 from ¥2,864,553.04 in the previous year[10]. - Research and development expenses decreased to ¥1,640,557.92 from ¥2,864,553.04, a reduction of 42.7%[29]. Accounting and Compliance - The company has disclosed a change in accounting policy on April 24, 2025[18]. - The company has committed to a performance compensation agreement with Yuedong Tianxia, with a total compensation amount of CNY 1,815.29 million due to unmet performance targets for 2022 and 2023[24]. - For the year 2024, the estimated net profit for Yuedong Tianxia is projected to be CNY -25.54 million, which does not meet the agreed performance target of CNY 5.3 million, leading to a compensation obligation of approximately CNY 2.26 million[25]. Investment and Fundraising - The company has initiated a stock issuance plan to raise funds, with adjustments made to the total amount to be raised for the year 2023[19]. - The company has terminated certain fundraising investment projects and will permanently supplement the remaining funds into working capital[22].