Group 1: Event Operations and Revenue - The company emphasizes enhancing brand value in event operations, with a focus on increasing the commercial licensing revenue share from core event IPs [2][3] - Currently, the proportion of event copyright revenue to total event income is relatively low compared to mature international events like F1 [2][3] - The company plans to expand media partnerships through platforms like Douyin, Xiaohongshu, and Bilibili to increase event coverage and brand exposure [3] Group 2: Venue Management and Regional Strategies - The company operates several racetracks, including Shanghai Tianma and Zhuzhou, with ongoing development of the Hainan International Circuit [3][4] - Each venue adopts tailored operational strategies to leverage local advantages, with Hainan expected to benefit from tax-free policies to attract a broader audience [3][4] - The company is committed to strict project management to ensure timely completion of the Hainan project, aiming for both social and economic benefits [3] Group 3: International Expansion and Sponsorship - The company has seen significant growth in core business revenue from sports events, with notable contributions from overseas events [4][7] - The overseas events team focuses on maintaining profitability through quality service and brand reputation, primarily expanding in the Asia-Pacific region [4] - Commercial sponsorship is recovering, with automotive brands being the primary sponsors, while efforts are made to attract a wider range of brands [7] Group 4: Youth Sports Development - The company is enhancing its youth sports training programs in response to national policies, providing services and facilities for youth events [6] - The recruitment scale for youth sports training has seen changes this year, reflecting the company's commitment to youth development [6] Group 5: Financial and Regulatory Updates - The company is in the process of issuing shares to specific investors, currently under review by the Shenzhen Stock Exchange [8] - Information regarding the share issuance will be disclosed in accordance with regulatory requirements [8] Group 6: Innovation in Sports Complex Operations - The company is exploring new profit models for sports complex operations, focusing on IP-based management and digital upgrades [9] - Strategies include creating innovative self-owned IPs and enhancing local life area management through data sharing and joint marketing [9]