LSR(SZ:002858) Zheng Quan Zhi Xing·2025-06-13 10:41Group 1 - The report provides an assurance on the performance commitment completion status of Shenzhen Yuedong Tianxia Technology Co., Ltd. for the year 2024, as prepared by the management of Lisheng Yundong (Shanghai) Sports Technology Co., Ltd. [2][3] - The management of Lisheng Yundong is responsible for ensuring the accuracy and completeness of the information provided in the performance commitment report, in accordance with the regulations of the Shenzhen Stock Exchange [3] - The performance commitment agreement stipulated that Yuedong Tianxia would achieve net profits of no less than RMB 18.50 million, RMB 28.50 million, and RMB 30 million for the years 2022, 2023, and 2024 respectively [4] Group 2 - For the year 2024, Yuedong Tianxia reported a net profit of -RMB 20.53 million after deducting non-recurring gains and losses, which is below the committed performance target [5] - The failure to meet the performance commitment was attributed to a decline in advertising revenue due to clients reducing their advertising budgets, as well as slow collection progress leading to significant credit impairment losses [5] - In case of unmet performance commitments, the actual controller of Yuedong Tianxia, Hu Maowei, is required to compensate Lisheng Yundong based on the shortfall in net profit, along with a 15% penalty on the compensation amount [5]