Group 1: Company Overview - Lisheng Yundong (Shanghai) Sports Technology Co., Ltd. is a leading automotive sports service provider in China, focusing on sports event management, venue operation, marketing services, and digital sports business [2] - In 2025, the company plans to expand into golf events and continue operating the FE China series, with increased efficiency in racetrack operations driven by performance vehicles [2] Group 2: Business Development and Strategy - The company aims to achieve revenue levels in golf similar to its current motorsport business, with a comprehensive industry chain layout planned for golf, including various event IPs and venue operations [2][3] - The company has acquired authorization from the China Golf Association to fully operate the China Men's Professional Golf Tour, indicating a positive outlook for future growth in this sector [2] Group 3: Market Opportunities and Comparisons - Golf events can be benchmarked against overseas tours such as the European Tour and PGA Tour, while motorsport has significant growth potential compared to F1 [3] - The company is exploring expansion into other sports like tennis, cycling, and marathons, while keeping an eye on high-value sports like basketball and football [3] Group 4: Financial and Operational Updates - The company is actively progressing on its Hainan financing project and has repurchased over 1% of its shares, reaching the buyback range of 20 million to 40 million [3] - Future growth will focus on enhancing event value, attracting star athletes, and increasing commercial impact through both internal development and external investments [3]

Group 1: Company Overview - Lisheng Yundong (Shanghai) Sports Technology Co., Ltd. is a leading automotive sports service provider in China, focusing on sports event management, venue operations, marketing services, and digital sports business [2]. - The company achieved a record revenue of CNY 441 million in 2024, representing a year-on-year growth of 8.77% [2]. - The sports event management segment generated CNY 270 million, up 20.79%, accounting for 61.24% of total revenue [2]. Group 2: Financial Performance - The operating profit from the sports event management segment reached CNY 73.06 million, a 46.79% increase [2]. - Revenue from venue operations was CNY 113 million, with a significant growth of 35.24%, and operating profit surged by 251.95% to CNY 12.89 million [2]. - The company also reported positive profit growth in Q1 2025 [2]. Group 3: Future Plans and Projects - In 2025, the company plans to host approximately 20 golf events across the country, having secured authorization from the China Golf Association [4]. - The Hainan racetrack project commenced construction in February 2025, with an expected completion date by the end of 2026 [5]. - The company is focusing on innovative golf events and the Hainan racetrack as key growth drivers for future financial performance [7]. Group 4: Employee and Market Strategies - The company has implemented an employee stock ownership plan to enhance team cohesion and promote long-term development [6]. - A share buyback plan is in place to stabilize market expectations and maintain company value [3]. - The company is actively pursuing innovative collaborations and investments in the sports industry to expand its business and increase shareholder returns [7]. Group 5: Supportive Policies - National policies are favorable for the company's growth, including initiatives promoting "event economy" and financial support for the sports industry [8]. - Relevant government documents outline plans for enhancing sports consumption and promoting health, which align with the company's strategic direction [8].