Securities code: Shanghai Lisheng Racing Co.Ltd(002858) securities abbreviation: Shanghai Lisheng Racing Co.Ltd(002858) Announcement No.: 2022009 Shanghai Lisheng Racing Co.Ltd(002858) 2021 annual report summary I. important tips the summary of this annual report comes from the full text of the annual report. In order to fully understand the company’s operating results, financial status and future development plan, investors should carefully read the full text of the annual report in the media designated by the CSRC. During the annual report period, Ms. Zhou Xiaofeng, an independent director of the company, was unable to perform her duties on site and did not participate in the company’s business activities and development. She was absent from the meeting due to other work arrangements, and other directors attended the meeting of the board of directors to consider the annual report in person. Tips on non-standard audit opinions □ applicable √ not applicable to the profit distribution plan of ordinary shares or the plan of converting accumulation fund into share capital in the reporting period considered by the board of directors □ applicable √ not applicable. The company plans not to distribute cash dividends, bonus shares or convert accumulation fund into share capital. Preferred stock profit distribution plan for the reporting period adopted by the board of directors □ applicable √ not applicable II. Basic information of the company 1. Company profile
Stock abbreviation Shanghai Lisheng Racing Co.Ltd(002858) stock code Shanghai Lisheng Racing Co.Ltd(002858)
Shenzhen Stock Exchange
Contact person and contact information secretary of the board of directors securities affairs representative
Name Gu Xiaojiang pan Yujie
Office address: 2 / F, building 8, No. 518, Fuquan North Road, Changning District, Shanghai
Fax 02162362685
Tel: 02162418755
E-mail [email protected]. [email protected].
2. Introduction to main business or products during the reporting period
Shanghai Lisheng Racing Co.Ltd(002858) is China’s leading auto sports operator and leader in national fitness and digital sports. The company won the title of “national sports industry demonstration unit” issued by the State General Administration of sports in July 2020. The company was listed on Shenzhen Stock Exchange in 2017. Since its listing, the company has focused on the development of sports business, focusing on the operation of sports events, sports clubs, stadiums and gymnasiums, sports equipment manufacturing and sales and marketing services. The comprehensive service ability has been continuously enhanced, customer satisfaction has been steadily improved, the business scale has been expanded year by year, and the company’s business has maintained a good development trend.
(I) main business of the company
During the reporting period, according to the unified deployment of relevant government departments, Chinese events in business sectors such as sports event management, sports club management and stadium management began to recover gradually under the condition of “zero” audience on site; The operation of sports clubs mainly participating in Chinese events has also gradually resumed; The stadiums and gymnasiums operated (including the go kart venues of Saika alliance) will gradually resume business.
In 2021, the company’s TCR International Auto Asia series, GT short range series and Tianma Motorcycle games are new operational events in 2021. SAIKA union Tianma store has been put into operation since May 2021, Saika union Cixi store has been put into operation since September 2021, and Saika union Expo store has been put into operation since October 2021.
The main business contents are as follows:
Business classification main business content
The sports event company has rich multi-level racing event operation experience, including both international and national events, as well as the company’s original single brand events and local events for car enthusiasts and ordinary enthusiasts. At present, the main events are as follows:
(1) FIA Formula 3 championship in Asia: the regional formula 3 competition in Asia in 2018 authorized by FIA. The championship car is built according to the new single frame and engine concept of FIA. The establishment of the event further defines the concept of the FIA driver development pyramid, which is an indispensable part of the driver’s promotion from formula 4 to Formula 1. The top nine drivers in the annual driver’s championship will receive the points of the FIA super race photo. During the reporting period, a total of 5 races were held, and the 2021 season has been completed.
(2) TCR International Auto Asia Series: referred to as TCR Asia for short, it is the only officially authorized event of TCR International Auto series in Asia. TCR International Series is the prototype of the Auto World Cup and the arena of the world’s high-end sports cars. It is popular all over the world and has been adopted by more than 20 countries / regions and national championships around the world. TCR Asia not only provides the most professional and abundant competition opportunities for racing drivers, so as to enjoy the glory and fun of international racing and offer the most intense and wonderful racing experience for fans, but also creates the most international, professional and diversified competition cooperation platform for major partners with perfect and broad business planning and communication channels. A total of 6 races were held in 2021, and the finals were held at the Grand Prix in Macao.
(3) China automobile (Venue) professional league (formerly known as China RV Championship): hosted by China automobile and Motorcycle Federation and undertaken by Shanghai Lisheng Sports Culture Communication Co., Ltd., a holding subsidiary of Shanghai Lisheng Racing Co.Ltd(002858) its, referred to as CTCC. The event began in 2004 and has a history of 17 years. It is the longest standing national track racing event in China. In 2020, CTCC, as the first national venue auto race after the epidemic, held 8 stops in total, driving the resumption of work and production of China’s auto sports industry. In 2021, affected by multiple factors such as the epidemic situation and the “safety incident of Gansu Baiyin cross-country race”, the 2021 season adopted the “race area type” competition mode that is more convenient for organization and management and reduces population mobility as much as possible. A total of 8 sub races were held in 4 places and 5 different race tracks in the three major economic zones of East China, central and South China.
(4) China go kart championship and China Youth go kart Championship: it is the highest level Go Kart Race in China hosted by China automobile and Motorcycle Federation, referred to as CKC. Karting, as an entry-level event in motor racing, is known as “the cradle of drivers”. CKC was born in 1997 and has a history of 24 years. It is the longest lasting national Go Kart Race in China. Due to the epidemic situation, in 2021, CKC used the new event name “Saika League Super League” launched in 2020 season. It was originally planned to hold 6 games throughout the year, with a total of 4 games held as scheduled. Some games were cancelled due to the impact of local epidemic situation.
(5) TCR International Auto China Series: referred to as TCR China, it is the official authorized event of TCR International Series and a national series held in China. TCR China was launched in 2017. It follows the events and technical rules of TCR International Series and continues the characteristics of lower cost and fairer competition. It is a competition with great development prospects in China. Six races were held in 2021.
(6) Porsche Carrera Cup Asia: PCCA, for short, has successfully held 208 races since its establishment in 2003, covering 19 top tracks in the world. A total of 178 drivers from 21 countries have signed up for the race, with a total mileage of more than 325000 kilometers. It has developed into a leading racing race in Asia. This single model race series brings together many world-class professional GT drivers to compete on the challenging race tracks in Asia. Six races were held in 2021.
(7) GT supersprint challenge: referred to as gtssc for short, it is a newly developed GT level event in 2021, including GT3, GT4 and GTC. Gtssc only accepts non professional drivers, i.e. gentleman drivers. The event provides a platform for non professional drivers to participate in professional GT competitions. Five races were held in 2021.
(8) Tianma on driving: a first-class independent competition IP created by the company, based on STC Shanghai Tianma racetrack. Founded in 2007, Tianma on driving is a well-known racing Culture Festival in the Yangtze River Delta and has a great influence in East China. Tianma on driving is a regional non-governmental comprehensive event approved by Shanghai automobile and motorcycle sports association and promoted, organized and implemented by STC Shanghai Tianma racetrack. It has a history of 14 years. Two competitions were held in 2021.
(9) Central South Racing Festival: a first-class independent race IP created by the company, based on zzic Zhuzhou international racetrack. Founded in 2017, Central South Racing Festival is a regional comprehensive event activity platform. It will be built into the leading automobile and motorcycle theme Carnival in Central South China in the form of professional competition system and local cultural characteristics. Two competitions were held in 2021.
(10) Super Endurance Championship: the horizontal independent competition IP created by the company, referred to as SEC, can be held in all racing tracks within the company system. SEC was founded in 2016 and evolved from the endurance race in the storm. In the way of multi regional linkage, the preliminary race with the length of 3 or 4 or 5 or 6 hours will be held at each racing track within the company system according to their actual situation, and the endurance race with the length of 12 hours will be held at the end, which can be called “Le Mans” in China; If the event spans 24:00 on December 31, it can also be commonly known as the “cross year event”. Two competitions were held in 2021.
(11) Fengyun battle: the horizontal independent event IP created by the company, formerly known as Fengyun RV challenge, was founded in 2014 and can be held in all racing tracks within the company system. As one of the most competitive and refitted events in 2020, the company will pay more attention to the team and refitting as one of the most professional events in the competition / refitting club system. A total of 1 competition was held in 2021.
(12) Elite Series: the horizontal independent competition IP created by the company, formerly known as Shanghai elite competition, was founded in 2013 and can be held in all racing courses within the company system. The single brand event mode (i.e. unified model, unified modification and unified service) is an entry-level event of a single brand in all racing courses within the company system. Its main characteristics are safety, cheapness, appearance and fun. Based on the people who have won the race photos for the first time, the tour of each racing track shall be organized in due time. In 2020, two preseason games and six rounds were held. In 2021, the participating model was adjusted to SAIC mg model, and no competition has been held in this reporting period.
(13) Lisheng super track Festival: the horizontal independent event IP created by the company, founded in 2017, can be held in all racing tracks within the company system. Lisheng super track Festival is an independent comprehensive event activity one level lower than a product. It has both events and activities. It has gradually formed a festival for car fans. At the same time, it is also practicing social responsibility – making roads safer. A total of 10 competitions were held in 2021.
(14) 24-hour go kart endurance race: the company’s independent race IP, founded in 2018 by Zhuzhou international go kart yard, is the first in China and used in the race
The four stroke go kart uniformly provided by the organizers recruited contestants from all over the country and was called “one of the most difficult and challenging events in China” by the drivers. A total of 1 competition was held in 2021.
(15) Tianma motorcycle race: the company’s independent race IP was founded by Shanghai Tianma racetrack in 2021. It is an entry-level event for the majority of motorcycle enthusiasts. It aims to build a platform for motorcycle sports enthusiasts to improve their skills, accumulate experience and exchange competition with riders in the same field, and reserve excellent reserve riders for higher-level motorcycle events. Two competitions were held in 2021.
The stadium company operates and manages multi-level stadiums and gymnasiums, including professional automobile sports competition venues that meet the FIA international standards, vehicle sports experience centers and driving experience centers that take into account the needs of test drive and enthusiasts’ participation in motor racing, as well as professional karting yards that meet the fia-cik international standards, There is also an entertainment go kart hall for the public (i.e. Saika alliance chain brand management). The details are as follows:
