LSR(SZ:002858) Quan Jing Wang·2025-06-24 14:17Core Viewpoint - The rapid rise of the new energy vehicle industry is driven by market development and industry transformation, with Lisheng Sports seizing the opportunity to collaborate with Hainan on the International New Energy Vehicle Experience Center project [1] Group 1: Project Development - The Hainan International Circuit project is set to complete its track trial section by 2024 and commence construction of the track and event complex by February 28, 2025, with an investment of 147 million yuan already allocated [1] - The project is a significant step for Lisheng Sports in business expansion and a milestone for the development of Hainan's sports industry [1] - The project will feature an international standard secondary track and a brand experience center, playing a crucial role in the overall advancement of the initiative [1] Group 2: Government Support - The Hainan provincial government has approved an allocation of 120 million yuan for the construction of the new energy experience center project [3] - Lisheng Sports has brought in Haikou Hailv Investment as a new investor to support the construction and operational needs of the project [3] - The project has been recognized as a key initiative in Hainan's government work report since its announcement during the World New Energy Vehicle Conference in September 2021 [3] Group 3: Policy Framework - Hainan has introduced various policies to support the sports industry, including the "Hainan Province National Sports Tourism Demonstration Zone Development Plan (2020-2025)" and the "Hainan Province All-Mass Fitness Implementation Plan (2022-2025)" [4] - The implementation plan aims to establish a high-level public service system for mass fitness by 2025, enhancing facilities and management for the Hainan International Circuit project [4] - The upcoming customs closure and expanded openness in Hainan will provide tax benefits for imported vehicles, fostering the development of the automotive modification market [4] Group 4: Strategic Positioning - Lisheng Sports' strategic focus on Hainan is supported by the province's unique geographical advantages and a strong customer base [5] - Hainan's position as a key node in the Maritime Silk Road and its favorable climate conditions make it an attractive location for international events [5] - The thriving cultural and tourism industry in Hainan, along with major international events, provides a solid foundation for the project [5] Group 5: Future Outlook - Upon completion, the Hainan International Circuit is expected to become a prominent symbol of the sports industry in Hainan and nationwide [6] - Lisheng Sports aims to leverage event IP and digital technology to create a comprehensive service platform for sports consumption, ensuring sustainable growth [6]