Core Viewpoint - The company, Giant Star Legend, has issued a profit warning, expecting a significant decline in net profit for the first half of the year, primarily due to losses in fair value of securities investments [1] Financial Performance - The expected net profit for the first half is not to exceed 8.5 million RMB, a decrease of approximately 67% compared to 25.5 million RMB in the same period last year [1] - Excluding non-operating impacts, the adjusted comprehensive profit is anticipated to be no more than 28 million RMB, reflecting an increase of up to 9.8% year-on-year [1] Strategic Development - The company is making steady progress in business expansion and strategic deployment, with short-term performance fluctuations due to the IP strategic transformation [1] - Plans for the second half include accelerating the development of self-operated IP products and advancing the layout of robot stores and physical IP stores [1] - The company aims to continuously optimize operational management and solidify its industry position in IP creation and operation, building long-term investment value [1]

Core Viewpoint - The company, 巨星传奇, issued a profit warning, expecting a significant decline in net profit for the first half of the year, primarily due to losses in equity investments [1] Financial Performance - The company anticipates net profit not exceeding 8.5 million RMB, a decrease of approximately 67% compared to 25.5 million RMB in the same period last year [1] - Excluding non-operating impacts, the adjusted comprehensive profit is expected to be no more than 28 million RMB, reflecting an increase of up to 9.8% year-on-year [1] Strategic Transformation - The company is actively pursuing a strategic transformation in its IP business, driven by explosive growth in the IP industry [1] - Although this transformation may impact short-term performance, it is aimed at establishing a solid foundation for high-quality long-term development [1] - The company is making steady progress in business expansion and strategic deployment, with short-term performance fluctuations being restructured by long-term value creation [1] Future Outlook - In the second half of the year, the company plans to accelerate the development of self-operated IP products and expand channels such as robot stores and IP physical stores [1] - The company aims to continuously optimize operational management and solidify its industry position in IP creation and operation, building a company with long-term investment value [1]

Core Viewpoint - The company, 巨星传奇, issued a profit warning, expecting a significant decline in net profit for the first half of the year, primarily due to losses in fair value of securities investments [1] Financial Performance - The expected net profit for the first half is not to exceed 8.5 million RMB, a decrease of approximately 67% compared to 25.5 million RMB in the same period last year [1] - Excluding non-operating impacts, the adjusted comprehensive profit is expected to be no more than 28 million RMB, reflecting an increase of up to 9.8% year-on-year [1] Strategic Transformation - The company is actively pursuing a strategic transformation in its IP business, driven by explosive growth opportunities in the IP industry [1] - Although this transformation may impact short-term performance, it is aimed at establishing a solid foundation for high-quality long-term development [1] Future Outlook - The company plans to accelerate the development of self-operated IP products and expand its channels, including robot stores and IP physical stores [1] - Ongoing efforts will focus on optimizing operational management and solidifying its position in the IP creation and operation sector, aiming to build a company with long-term investment value [1]

Core Viewpoint - The company, 巨星传奇, has issued a profit warning, expecting a significant decrease in profit for the first half of the year due to fair value losses in its investment business, which is not directly related to its core operations [1] Group 1: Financial Performance - For the first half of the year, the company anticipates a consolidated profit of no more than RMB 8.5 million, a decrease of approximately 67% compared to RMB 25.5 million in the same period last year [1] - The expected profit decline is primarily attributed to a fair value loss of approximately RMB 19.5 million from its Hong Kong-listed equity investments [1] - Excluding the impact of non-operating investment losses, the company's adjusted profit is expected to grow by no more than 9.8% year-on-year [1] Group 2: Business Strategy and IP Development - The company is actively upgrading its IP business strategy from single licensing to self-operated product development and operations, aiming for long-term high-quality growth despite short-term performance pressure [1][2] - The company has established significant partnerships, including a global strategic collaboration with a leading robotics company to develop consumer-grade robotic products with strong IP attributes [2] - The company has launched a plan to collaborate with top international artists to create new artistic works and derivative products around its core IP, "周同学" [2] Group 3: Capital Operations - Recently, the company completed a placement of shares, raising approximately HKD 324.1 million, with funds earmarked for expanding its IP business, including vending machines and physical stores [3] - The company plans to enhance its presence with "周同学" vending machines in over twenty cities and open offline self-operated stores in the second half of the year [3] - The company is focused on executing its strategic upgrades and managing market expectations regarding short-term performance fluctuations and long-term value creation [3][5] Group 4: IP Growth Potential - The CFO of the company noted that building a quality IP typically requires a long-term accumulation process, often taking over ten years [4] - The "周同学" IP has already collaborated with over 200 licensed partners, generating sales exceeding RMB 1 billion through co-branded products [4] - The company is also preparing to launch new IPs, both original and in collaboration with international stars, indicating a commitment to diversifying its IP portfolio [4]

Core Viewpoint - The company expects a significant decline in comprehensive profit for the six months ending June 30, 2025, with a forecast of no more than RMB 8.5 million, representing a year-on-year decrease of approximately 67% [1] Financial Performance - The decline in profit is primarily attributed to a fair value loss of approximately RMB 19.5 million from equity securities investments listed in Hong Kong, which is unrelated to the company's core business [1] - Excluding this non-operating factor, the adjusted comprehensive profit is expected to reach a maximum of RMB 28 million [1] Strategic Outlook - The company's board believes that the strategic transformation of the IP industry has impacted short-term performance but lays a foundation for medium to long-term development [1] - Looking ahead, the company plans to accelerate the development of self-operated IP products, advance the layout of robot stores and IP physical stores, and continuously optimize operational management to strengthen its position in the IP creation and operation sector and enhance long-term investment value [1]

Core Viewpoint - The company, 巨星传奇, has disclosed its performance expectations, indicating that its consolidated profit for the first half of 2025 may not exceed RMB 8.5 million, representing a year-on-year decrease of approximately 67% due to fair value losses on Hong Kong-listed equity securities [1][3]. Group 1: Profit Decline Reasons - The management has attributed the profit decline primarily to changes in the fair value of investments, specifically a loss of approximately RMB 19.5 million from the valuation adjustment of Hong Kong-listed equity securities, which is not directly related to the company's core business performance [3]. - Such gains and losses are typically volatile and non-recurring, significantly impacting financial performance for a specific period. Excluding this factor, the company's core profitability has not experienced substantial shrinkage during the same period [3]. - The adjusted consolidated profit is expected to remain below RMB 28 million, with a year-on-year growth rate not exceeding 9.8% [1][3]. Group 2: Main Business Operations - The company's main business includes IP creation and operation, as well as a new retail segment. The revenue share from the IP business has been steadily increasing, surpassing 50% of total revenue in the first half of 2024 [4]. - The company has diversified its commercialization paths around its core star IP through licensing, derivative product development, offline activities, and cultural tourism projects, establishing a relatively stable revenue source [4]. - In the new retail business, synergy with IP operations enhances the deep integration of IP with consumer engagement, improving user stickiness and the commercial monetization efficiency of IP [4]. - The announcement indicates that the main business operations are running normally, with performance growth aligned with established strategies, unaffected by the non-operating investment losses [4].

Core Viewpoint - The company anticipates a significant decrease in comprehensive profit for the six months ending June 30, 2025, projecting not to exceed RMB 8.5 million, a decline of approximately 67% compared to RMB 25.5 million for the same period in 2024 [1] Financial Performance - The expected decrease in profit is primarily attributed to a fair value loss of approximately RMB 19.5 million from Hong Kong-listed equity securities, which is not directly related to the company's core business [1] - Excluding this non-operating impact, the adjusted comprehensive profit is expected to be no more than RMB 28 million, representing an increase of up to 9.8% compared to the same period last year [1] Strategic Transformation - The company is actively pursuing a strategic transformation in its IP business, driven by explosive growth opportunities in the IP industry [1] - Although this transformation may impact short-term performance, it is aimed at establishing a solid foundation for high-quality development in the medium to long term [1] Business Development - The company is steadily advancing in business expansion and strategic deployment, with short-term performance fluctuations from the IP strategic transformation reshaping market expectations [1] - Looking ahead to the second half of the year, the company plans to accelerate the development of self-operated IP products and expand channels such as robot stores and IP physical stores, while continuously optimizing operational management [1] - The goal is to solidify its industry position in IP creation and operation, building a company with long-term investment value [1]

Group 1 - The company expects a consolidated profit of no more than RMB 8.5 million for the six months ending June 30, 2025, representing a decrease of approximately 67% compared to RMB 25.5 million for the same period ending June 30, 2024 [1] - The anticipated profit decline is primarily due to a fair value loss of approximately RMB 19.5 million from Hong Kong-listed equity securities, which is not directly related to the company's core business [1] - Excluding the non-operating impact, the adjusted consolidated profit is expected to be no more than RMB 28 million, reflecting an increase of no more than 9.8% compared to the previous year [1] Group 2 - The company is actively pursuing a strategic transformation and upgrade of its IP business, driven by explosive growth in the IP industry [1] - Although this transformation may impact short-term performance, it is expected to lay the foundation for high-quality development in the medium to long term [1] - The company plans to accelerate the construction of self-operated IP products and expand channels such as robot stores and IP physical stores, while optimizing operational management to strengthen its industry position in IP creation and operation [1] Group 3 - The company recently completed a placement and subscription, issuing 37.5245 million new shares, accounting for approximately 4.18% of the enlarged share capital [2] - The net proceeds from this placement amount to approximately HKD 324 million, which will primarily be used to enhance self-operated IP products, including the purchase and R&D costs of vending machines and mechanical equipment, as well as expanding IP physical stores [2] - "Zhou Tongxue" is currently the most representative core IP of the company, seen as a key achievement in the systematic creation, refined operation, and commercialization of celebrity IP [2]

Group 1 - The company anticipates a consolidated profit of no more than RMB 8.5 million for the six months ending June 30, 2025, which represents a decrease of approximately 67% compared to the consolidated profit of RMB 25.5 million for the six months ending June 30, 2024 [1] - The expected decline in profit is primarily attributed to a fair value loss of approximately RMB 19.5 million on equity securities investments listed in Hong Kong [1]

Core Viewpoint - The company anticipates a significant decline in consolidated profit for the six months ending June 30, 2025, projecting a profit of no more than RMB 8.5 million, which represents a year-on-year decrease of approximately 67% due to losses in fair value of listed equity securities in Hong Kong [1] Financial Performance - The expected consolidated profit is projected to be no more than RMB 8.5 million [1] - This represents a decrease of about 67% compared to the previous year [1] - The primary reason for the profit decline is attributed to a fair value loss of approximately RMB 19.5 million from listed equity securities investments in Hong Kong [1]