LSR(SZ:002858)2022-12-03 09:48Financial Performance - In 2017, the company reported a revenue of 407.37 million, a year-on-year increase of 17.15% [2] - The net profit attributable to shareholders was 24.68% [2] - Revenue from event management reached 89.54 million, accounting for 30% of total revenue, with a significant year-on-year increase of 115.31% [2] - Revenue from racetrack operations was 76.82 million, representing a year-on-year increase of 31.37% [2] - Revenue from automotive promotion activities was 90.06 million, accounting for 30.7% of total revenue, with a year-on-year increase of 18.55% [2] - Revenue from racing team operations was 25.87 million, a decrease of 9.16% year-on-year [2] Strategic Focus - The company's strategy centers on expanding its IP (Intellectual Property) in two directions: developing racing-related IP and transforming it into entertainment IP [3] - The upper wing of the strategy focuses on expanding the consumer market through cultural integration with gaming, e-sports, music, movies, and merchandise [3] - The lower wing aims to build core barriers through trademarks, patents, and physical assets like racetracks [3] Karting Business Development - The company is establishing a karting alliance to standardize operations across karting venues in China [4] - A flagship karting venue in Songjiang has been operational since 2018, covering approximately 4,000 square meters [4] - The company aims to leverage its experience in karting championships to enhance the entertainment aspect of karting [4] Future Initiatives - The company plans to explore new business models by integrating gaming, e-sports, and entertainment to enhance market influence [4] - There is a focus on building new racetracks, as current facilities are limited to a few cities [4] - The company aims to ensure profitability in racetrack construction while establishing strategic barriers [4]