Orange Lion Sports: Persisting in Investing in the Sports Consumption Sphere, on Track to Meet Basic Listing Requirements
6 day ago / Read about 0 minute
Author:小编   

Mu Yang, the Chairman and CEO of Orange Lion Sports, disclosed that by 2035, the company intends to inject over RMB 5 billion in both cash and resources. The overarching goal is to spur global participation in sports consumption, aiming to engage more than 2 billion individuals worldwide. A key aspect of this initiative is to bolster industrial innovation within the realm of 'Sports + AI'. It has been reported that during the 2024 - 25 fiscal year, Orange Lion Sports witnessed double-digit growth in both operating revenue and net profit. Moreover, its adjusted EBITA (Earnings Before Interest, Taxes, and Amortization) soared by 86% compared to the previous fiscal year. The company's management team has come to a unanimous agreement, setting the operational targets for the three calendar years spanning from 2024 to 2026, with the aim of fulfilling the fundamental criteria for a Hong Kong listing.