Shanghai Lisheng Racing Co.Ltd(002858)
Financial statement report of 2021
According to the provisions of the articles of association and other relevant documents of Shanghai Lisheng Racing Co.Ltd(002858) (hereinafter referred to as “the company” or ” Shanghai Lisheng Racing Co.Ltd(002858) “), the financial final accounts of the company in 2021 are reported as follows:
1、 Audit opinions on accounting statements
The 2021 financial statements of the company have been audited by Tianjian Certified Public Accountants (special general partnership) and issued the unqualified audit report of Tianjian Shen [2022] No. 1958 standard. The audit opinion is that the financial statements of Shanghai Shanghai Lisheng Racing Co.Ltd(002858) Culture Co., Ltd. are prepared in accordance with the accounting standards for business enterprises in all major aspects, and fairly reflect the consolidated and parent company’s financial situation of Shanghai Lisheng Racing Co.Ltd(002858) company on December 31, 2021, And the consolidated and parent company’s operating results and cash flow in 2021.
2、 Main financial data and indicators
Unit: Yuan
20212020 compared with 2019 of the previous year
Increase or decrease
Operating income (yuan) 280885992172 Yintai Gold Co.Ltd(000975) 7402 40.37% 44013543452
Net profit attributable to shareholders of listed company 318326748 – 5098197382 106.24% 2452575597 profit (yuan)
Net profit attributable to shareholders of listed companies after deducting -865427870 -6278883913 86.22% of 1166312423 non recurring profits and losses (yuan)
Net cash flow from operating activities: 73745194037192326076 2.53% 7935495165 yuan
Basic earnings per share (yuan / share) 0.0239 -0.4100105.83% 0.1900
Diluted earnings per share (yuan / share) 0.0238 -0.4100105.80% 0.1900
Weighted average return on net assets: 0.93% – 12.46%, 13.39% and 5.66%
At the end of 2021, the end of 2020, the end of this year compared with the end of 2019
Increase or decrease at the end of the year
Total assets (yuan): 11357766511859345175657 91.38% 73946288877
Net capital attributable to shareholders of listed companies 7309754647135436235093 106.28% 439 Yantai Eddie Precision Machinery Co.Ltd(603638) 56 yuan
3、 Business analysis
During the reporting period, the company achieved an operating income of 28088599217 yuan, a year-on-year increase of 40.37%; The net profit attributable to the shareholders of the listed company was 318326748 yuan, a year-on-year increase of 106.24%; The overall gross profit margin was 30.51%, with a year-on-year increase of 12.05%; Earnings per share was 0.0239 yuan, a year-on-year increase of 105.83%; The total assets were 113577665118 yuan, an increase of 91.38% over the end of the previous period; The net assets were 81559229581 yuan, an increase of 89.14% over the end of the previous period.
The main work of the company in 2021 is as follows:
Sports event business
During the reporting period, the operating income of sports events was 10976565261 yuan, a year-on-year increase of 53.85%, the revenue accounted for 39.08%, the proportion increased by 3.42%, the operating profit was 3454823224 yuan, a year-on-year increase of 532.95%, the operating profit accounted for 40.31%, and the proportion increased by 25.54%. During the reporting period, the FIA Formula 3 Asian Championship (F3 Asia) operated by the company held five races in the Middle East from January to February, the TCR Asia Series (TCR Asia) held six races, the Le Mans Series in Asia held two races in the Middle East in February, and the PCCA Porsche Asia Carrera Cup newly hosted in 2021 held six races in China. Affected by the “safety incident of Gansu Baiyin cross-country race”, the Chinese Touring Car Championship and China automobile (Venue) professional league (CTCC) operated by the company postponed to hold 8 sub races in 4 places and 5 different race tracks in the three major economic zones of East China, central China and South China, and 6 races were held in TCR China series, Due to the epidemic situation, the China go kart championship and China Youth go kart Championship (hereinafter referred to as CKC) originally planned to hold 6 races throughout the year, with 4 races held as scheduled, and some races were cancelled due to the impact of local epidemic situation. In 2021, in order to meet the needs of non professional drivers who want to participate in GT events with professional operation and management, the company established its own IP event, GT supersprint challenge: gtssc for short. This event only accepts the registration of gentleman drivers. A total of 5 races were held in 2021. Once launched, the event attracted many star non professional drivers, which achieved good economic and social benefits, And further enhance the popularity of the company in the field of sports event management.
During the reporting period, only the new event xracing was held, but it was not held due to the requirements of epidemic prevention. In 2021, the company plans to vigorously promote the elite series by raising funds through non-public offering, aiming to continuously expand the scale of the participating groups by reducing the threshold of automobile events, and strive to turn the elite series into a well-known mass sports that adults can participate in. The project is in the preparatory stage during the reporting period and is expected to create benefits in 2022. Stadium business
During the reporting period, the operating income of stadiums and gymnasiums was 6522765309 yuan, a year-on-year increase of 38.42%, the revenue accounted for 23.22%, the proportion decreased by 0.33%, the operating profit was 1426834164 yuan, a year-on-year increase of 104.52%, the operating profit accounted for 16.65%, and the proportion decreased by 2.23%. The Shanghai Tianma racetrack, Zhuzhou international racetrack and Beijing China Automobile Federation racetrack operated and managed by the company resumed normal business in other months, except that they were affected by the local point epidemic in individual months. The demand of enterprise customers increased steadily with the active development of the marketing team. Through the implementation of standardized service management, the upgrading and transformation of the reception area The service supervision and spot check of the headquarters supervisors and other measures have improved the venue management level and customer satisfaction, and the revenue of individual consumer customers has also increased significantly. During the reporting period, Saika alliance chain venues added Shanghai Tianma store, Ningbo Cixi store and Shanghai World Expo store. Among them, Shanghai World Expo store is located in the BMW experience center just one way away from Shanghai World Expo Museum. Thanks to its unique geographical advantages, it has been at the top of the leisure sports list of a review website for several months. It has also become a popular online punch in place, attracting a large number of team private venues and individual customers to experience and punch in. During the reporting period, all the funds raised by the non-public offering of “Saika alliance chain venues” project have been in place. The company will accelerate the pace of layout of chain go kart venues in large and medium-sized cities across the country. With the continuous opening of new stores, it is expected that the revenue and profit of stadiums and gymnasiums will increase steadily in the next few years. Based on the cash settled income model of go kart venues, the company will continue to improve the company’s operating cash flow and reduce credit risk losses.
Sports club business
During the reporting period, the business operation of sports clubs included two parts, namely, the operation of racing clubs, racing car modification and R & D services. The total revenue was 2788409939 yuan, a year-on-year increase of 9.36%, the revenue accounted for 9.93%, the proportion decreased by 2.82%, the operating profit was 839529840 yuan, a year-on-year increase of 11.06%, the operating profit accounted for 9.80%, and the proportion decreased by 10.67%. During the reporting period, due to the impact of the epidemic on the scale, number and audience of events, the relevant operating revenue and operating profit of the racing club did not improve significantly. However, with the racing R & D ability as the core competitiveness, the company continued to negotiate and cooperate with a number of automobile manufacturers, expanded to provide R & D technical services for automobile manufacturers on the basis of the original racing refitting business, and applied racing technology to civilian vehicles to improve the performance of civilian vehicles, It is expected that the revenue of this business will continue to grow in the future. During the reporting period, the SAIC Volkswagen 333 club team operated by the company won the 2021 Super Cup driver championship and team championship; The Mg xpower team operated by the company won the driver of the year, the team champion of the year and the model cup champion of TCR China in 2021; Dongfeng Fengshen team operated by the company won the annual team championship and driver championship of NGCC China Cup in the first year of CTCC NGCC cup in 2021. During the reporting period, the club has started the research and development of automobile three electricity system, and the relevant technologies have been applied to the electric go karts independently developed by the company. The first batch of electric go karts are in the stage of assembly, production and testing. It is expected to be listed in 2022, giving priority to the Saika alliance chain go kart venues operated by the company.
Sports equipment manufacturing and sales business
During the reporting period, the revenue of sports equipment manufacturing and sales business segment was 2870838891 yuan, a year-on-year increase of 102.07%, the revenue accounted for 10.22%, the proportion increased by 3.12%, and the operating profit was 946568709
The operating profit accounted for 11.04% and decreased by 0.24%. Affected by the epidemic in 2020, the entertainment consumption enthusiasm of go karts was released in 2021. During the reporting period, there was retaliatory opening of shops in various go kart venues, the demand for go karts increased rapidly, and the manufacturing and sales revenue of go karts increased significantly compared with the previous year. In addition, the mass production of electric go karts developed by the company’s club is expected to be carried out in Jiangxi Saiqi. With the listing of new electric go karts, The revenue of this business segment will continue to grow.
Marketing service business
During the reporting period, the revenue of marketing service business was 1721017845 yuan, a year-on-year decrease of 1.19%, the revenue accounted for 6.13%, the proportion decreased by 2.58%, the operating profit was 364315951 yuan, a year-on-year increase of 245.09%, the operating profit accounted for 4.25%, and the proportion increased by 1.39%. During the reporting period, the company no longer actively invested a large amount of money into the business segment, but only undertook some marketing and promotion services with less advance and faster recovery of funds, so as to improve the efficiency of fund use and the rate of return of unit funds. In addition, the personnel were also optimized. Although the business revenue decreased during the reporting period, the profit and profit margin showed a large increase. With the establishment of the company’s digital department and the acquisition of 25% equity of Shenzhen Yuedong, the company will actively carry out digital based online marketing services and increase digital cooperation with the government, enterprises and schools.
Other business
During the reporting period, the subsidiary top speed and engine speed events continued the export business of epidemic prevention materials in the previous year. During the reporting period, other businesses achieved a revenue of 3209001972 yuan (including the revenue related to the sales of epidemic prevention materials of 2649356733 yuan), an increase of 30.97% over the previous year, and achieved an operating profit of 1538516458 yuan, a year-on-year increase of 31.19%.
Shanghai Lisheng Racing Co.Ltd(002858) board of directors
April 6, 2002
