Lisheng Sports Shanghai Co Ltd

Lisheng Sports Shanghai Co Ltd has a price-to-book ratio of 5.42 and a price-to-tangible-book ratio of 5.42, indicating a premium valuation relative to its book value. The company's enterprise value to EBITDA ratio is 196.66, which is significantly higher than typical industry benchmarks, suggesting a high valuation multiple [doc:HA-latest]. The debt-to-equity ratio of 0.36 reflects a relatively conservative capital structure, with total liabilities of 493.52 million CNY and total equity of 517.27 million CNY [doc:HA-latest]. The current ratio of 1.73 indicates that the company has sufficient current assets to cover its current liabilities [doc:HA-latest]. The company's profitability metrics are weak, with a return on equity of -1.29% and a return on assets of -0.66%, both of which are below the industry median. The net income for the latest period is -6.65 million CNY, indicating a net loss [doc:HA-latest]. The operating income of 15.21 million CNY is also below the industry median, suggesting that the company is not generating strong operating profits [doc:HA-latest]. The gross profit of 86.65 million CNY is a positive figure, but the operating margin is low at 3.06% [doc:HA-latest]. The company's revenue is distributed across five segments: Sports Venues Operation, Sports Event Management, Sports Club Operation, Sports Equipment Manufacturing and Sales, and Marketing Services. The Sports Venues Operation segment is the primary source of revenue, with the company operating racing venues, motorsport centers, and kart venues. The Sports Event Management segment organizes events and teams, while the Sports Club Operation segment provides racing club services and car modification. The Sports Equipment Manufacturing and Sales segment is involved in the production and sale of kart equipment, and the Marketing Services segment provides online marketing services [doc:HA-latest]. The company's growth trajectory is mixed, with a net income of -6.65 million CNY for the latest period. The operating cash flow of 106.08 million CNY is positive, but the free cash flow of 7.22 million CNY is relatively low. The capital expenditure of -41.22 million CNY indicates that the company is investing in its operations [doc:HA-latest]. Analysts have a mean recommendation of 2.00, with two buy ratings and no strong buy or sell ratings [doc:HA-latest]. The company faces several risk factors, including a negative net cash position after subtracting total debt. The liquidity risk is rated as medium, and the dilution risk is rated as low. The company's capital structure is relatively conservative, with a debt-to-equity ratio of 0.36 [doc:HA-latest]. The company has not issued any new shares recently, and there is no indication of near-term dilution pressure [doc:HA-latest]. Recent events include the company's transition from Shanghai Lisheng Racing Co Ltd to Lisheng Sports Shanghai Co Ltd, reflecting a strategic shift towards a broader sports and recreation business model. The company has also expanded its operations to include more diverse segments such as marketing services and equipment manufacturing [doc:HA-latest].