以下文章来源于硬氪 ，作者张卓倩 硬氪 . 专注全球化、硬科技报道。36kr旗下官方账号。 团队已超千人。 文 ｜ 张卓倩 编辑 ｜ 袁斯来 来源｜ 硬氪（ID：south_36kr） 封面来源 ｜ AI生成 在大模型军备竞赛进入 " 深水区 " 的今天，算力的堆砌已触及天花板，一个残酷的真相正在浮出水面：互联网上高质量的公开 数据，预计将在 2026-2028 年间彻底耗尽。 AI 行业的下一幕竞争焦点，将死死锁定在 " 数据质量 " 与 " 垂直稀缺性 " 上。在这一关键节点，一家 身处非洲的数据公司 Eaglepoint AI （鹰点人工智能） 浮出水面 。它并非单纯的人力外包工厂，也非单纯的软件工具商 ，而是 依托纳斯达克上市公 司 Global Mofy AI 的资本背景，将美国的技术标准与非洲的规模化专家团队深度融合。 从服务 OpenAI 、 Google Deepmind 的 " 幕后英雄 " ，到自研出能实现端到端闭环的 Aquila （天鹰）自动化平台， Eaglepoint AI 试图解决一个核心悖论：如何在保证 " 米其林级 " 专家数据质量的同时，打破成本与规模的不可能三角？ 数据饥 ...

Core Insights - Global Mofy AI Limited has successfully completed and launched an immersive digital exhibition hall project for the Crescent Island Scenic Area in Lianyungang, China, marking a significant achievement in the company's digital cultural tourism initiatives [1][2]. Project Overview - The project began in July 2025 and was completed by the end of January 2026, officially opening to the public on February 15, 2026 [3]. - The exhibition hall utilizes immersive visual storytelling and interactive technologies to showcase Crescent Island's ecological resources and biodiversity, creating a unique cultural tourism experience [3][4]. Technical Aspects - The exhibition hall features multi-surface surround projection systems and real-time interaction technologies, providing an immersive digital environment that responds to visitor movements and gestures [5]. - High-resolution multi-channel projection mapping creates a continuous visual landscape, enhancing the visitor experience [5]. Content Production - Global Mofy utilized its extensive 3D digital asset library to create detailed digital ecosystems, including wetland environments and representative bird species, employing digital modeling and real-time rendering technologies [6]. - The project allows visitors to experience ecological transformations and the vitality of natural life in an engaging manner [6]. Future Directions - The company plans to further explore the integration of generative AI and digital content technologies in cultural tourism and immersive experiences, responding to the growing demand for such digital experiences [7]. - Global Mofy aims to expand its applications of digital content technologies across museums and cultural tourism destinations [7]. Company Background - Global Mofy AI Limited is a generative AI-driven technology solutions provider specializing in virtual content production and the development of digital assets for various applications, including movies, AR/VR, and gaming [8]. - The company operates the Global Mofy Metaverse, which includes over 150,000 high-precision 3D digital assets [8].

Core Insights - Global Mofy AI Limited has been recognized in the "2025 Chinese Listed Companies Brand 500" at the China Economic Summit Forum, highlighting its brand value and industry position [1][2] Company Overview - Global Mofy is a generative AI-driven technology solutions provider focused on virtual content production and digital content industrialization, utilizing its proprietary "Mofy Lab" technology platform to create high-definition 3D digital assets [6] - The company has over 150,000 high-precision 3D digital assets, making it one of the leading digital asset banks in China, applicable in various sectors including movies, TV series, AR/VR, animation, advertising, and gaming [6] Industry Context - The aggregate brand value of the "2025 Chinese Listed Companies Brand 500" reached RMB 42.03 trillion, with an average brand value of RMB 8.4053 billion, indicating a strong market presence for technology, finance, and energy sectors [2] - The integration of intelligent manufacturing and AI technologies is identified as a key driver for brand enhancement and industrial transformation, reflecting the ongoing digital economic transition in China [2] Strategic Focus - The company emphasizes the dual advancement of technological capability and brand value, using AI as a core production engine to enhance standardization, scalability, and intelligence in digital content creation [4] - Global Mofy aims to improve organizational efficiency and industrial execution capability through the integration of AI-driven processes and structured production resources, establishing a sustainable platform for long-term brand growth [4] Leadership Perspective - The CEO of Global Mofy, Mr. Haogang Yang, stated that brand value is defined by sustained evolution rather than short-term expansion, emphasizing the importance of embedding AI into the organizational structure to enhance productivity while maintaining human-led creativity [5]

Core Viewpoint - Global Mofy AI Limited has successfully provided visual effects for the crime drama series "The Devil Between Us," showcasing its capabilities in high-quality production and collaboration in the digital content industry [1][5][6]. Group 1: Company Overview - Global Mofy AI Limited (Nasdaq: GMM) specializes in generative AI-driven technology solutions for virtual content production and the development of digital assets [7]. - The company utilizes its proprietary "Mofy Lab" technology platform, which integrates interactive 3D and AI technology to create high-definition virtual representations of various physical objects [7]. - Global Mofy Metaverse is recognized as one of the leading digital asset banks in China, housing over 150,000 high-precision 3D digital assets [7]. Group 2: Project Details - "The Devil Between Us," adapted from Lei Mi's novel "Old Boy," premiered on iQIYI's Mist Theatre on February 23, 2026, and is produced by iQIYI in collaboration with other media companies [2]. - The series achieved a launch day popularity score exceeding 7,705 and garnered approximately 1.59 million pre-release reservations, ranking Top 1 across multiple iQIYI charts [3]. - The series emphasizes realism and high production standards, exploring moral dilemmas and social realities within communities, which aligns with Mist Theatre's creative direction [4]. Group 3: Visual Effects Contribution - Mofy VFX supported the series by enhancing atmospheric quality, environmental realism, and narrative pacing, focusing on visual consistency across complex sequences [5]. - The team prioritized stable and controllable production capabilities through standardized workflows, ensuring reliable quality output for large-scale projects [5]. - The successful completion of this project is seen as a significant milestone for the company's professional execution and quality control systems [6].

Core Viewpoint - Global Mofy AI Limited has successfully provided visual effects for the crime drama series "Justice in the Shadows," showcasing its capabilities in high-quality visual production and contributing to the series' strong initial performance on iQIYI's platform [1][3][6]. Group 1: Company Overview - Global Mofy AI Limited is a generative AI-driven technology solutions provider focused on virtual content production and the development of 3D digital assets for various applications, including movies, TV series, AR/VR, and gaming [7]. - The company utilizes its proprietary "Mofy Lab" technology platform, which integrates interactive 3D and AI technology to create high-definition virtual representations of physical objects [7]. - Global Mofy Metaverse is recognized as one of the leading digital asset banks in China, boasting over 150,000 high-precision 3D digital assets [7]. Group 2: Project Details - "Justice in the Shadows," adapted from Lei Mi's novel "Old Boy," premiered on iQIYI's Mist Theatre on February 23, 2026, and is produced by iQIYI in collaboration with several co-producers [2]. - The series achieved a launch day popularity score exceeding 7,705 and garnered approximately 1.59 million pre-release reservations, ranking Top 1 across multiple iQIYI charts [3]. - The series emphasizes realism and high production standards, exploring moral dilemmas and social realities within communities, which aligns with Mist Theatre's creative direction [4]. Group 3: Visual Effects Contribution - Mofy VFX supported the series by enhancing atmospheric quality, environmental realism, and narrative pacing, focusing on visual consistency across complex sequences [5]. - The team prioritized stable and controllable production capabilities through standardized workflows, ensuring quality output while maintaining delivery discipline for large-scale projects [5]. - The successful completion of this project is seen as a significant milestone for the company's professional execution and collaborative efficiency in visual effects production [6].

Stock Performance - The stock of GMM.us experienced significant volatility, with a rapid increase of 5.59% on January 10, 2026, reaching $1.51 per share, following a decline of 6.90% on January 8, 2026, and an increase of 8.45% on January 7, 2026, indicating short-term market sentiment fluctuations [2]. Financial Performance - Recent financial reports indicate that the company generated revenue of $26.73 million, with a net profit of $5.04 million and earnings per share of $1.19, while maintaining a stable gross margin. The 2024 financial report shows a year-over-year revenue growth of 53.8%, with significant growth in digital asset business revenue [3]. Business Development - The company focuses on virtual content production for the metaverse, utilizing the MofyLab technology platform. In 2024, it launched the AI video generation platform Gausspeed and established a vocational education academy, expanding into overseas markets. Industry-level data policies may provide long-term opportunities [4].

Core Insights - Global Mofy AI Limited, a generative AI-driven technology solutions provider, announced that its CEO, Mr. Haogang Yang, was recognized as one of the "Top 10 Innovative Economic Figures of the Year" at the 2025 China Economic Summit Forum [1][2]. Group 1: Recognition and Event - The 2025 China Economic Summit Forum took place in Beijing on January 24–25, 2026, focusing on economic digitalization and new development opportunities [3]. - The award program acknowledges entrepreneurs who have significantly contributed to digital transformation and innovation-led development [3]. Group 2: Company Overview and Leadership - Since its founding in 2017, Global Mofy has aimed to tackle challenges in digital content production, such as high costs and low efficiency [4]. - Under Mr. Yang's leadership, the company has invested in standardized 3D digital asset systems and workflow optimization, laying the groundwork for AI-enabled content production [4]. Group 3: Future Vision - Mr. Yang emphasized the importance of AI in enhancing production while maintaining creative vision, aiming to unlock efficiency and organizational capability without replacing creativity [5]. - The company plans to deepen innovation in generative AI and explore the integration of technology and art to contribute to high-quality growth in the digital economy [5]. Group 4: Company Capabilities - Global Mofy utilizes its proprietary "Mofy Lab" technology platform to create high-definition 3D digital assets for various applications, including movies, AR/VR, and gaming [6]. - The company boasts a digital asset bank, Global Mofy Metaverse, which contains over 150,000 high-precision 3D digital assets [6].

Core Viewpoint - Global Mofy AI Limited has successfully delivered high-quality visual effects for the urban workplace comedy series "No Pain No Gain," which has gained significant popularity on Tencent Video since its premiere [1][2]. Group 1: Company Overview - Global Mofy AI Limited is a generative AI-driven technology solutions provider focused on virtual content production and the development of 3D digital assets for the digital content industry [6]. - The company utilizes its proprietary "Mofy Lab" technology platform, which includes interactive 3D and AI technology, to create high-definition virtual versions of various physical world objects [6]. - Global Mofy Metaverse is recognized as one of the leading digital asset banks in China, boasting over 150,000 high-precision 3D digital assets [6]. Group 2: Project Details - The series "No Pain No Gain" features extensive VFX work, combining comedic storytelling with a fast-paced urban setting and stylized visuals [3]. - Global Mofy employed advanced generative AI tools and an AI-native production workflow to ensure high-quality and efficient delivery of VFX at scale [3][4]. - The production workflow integrates AI-assisted and automation-driven modules across key stages of the VFX pipeline, aiming to enhance throughput and maintain high visual standards [4]. Group 3: Market Impact - The series has attracted strong audience attention and online discussion, indicating a robust market appeal for premium episodic content that resonates with young viewers [2]. - The internal popularity metric, known as the "heat index," for "No Pain No Gain" has surpassed 24,000, with the series ranking No. 1 on both the real-time TV series list and the real-time trending search list on Tencent Video [1]. - The successful execution of this project helps strengthen Global Mofy's reputation and credibility within the industry, positioning the company as a reliable long-term partner for high-volume, high-quality digital content production [5].

Group 1: Metaverse Stocks Overview - The five Metaverse stocks to watch are Everbright Digital, HUB Cyber Security, Global Mofy AI, and Robot Consulting, identified by MarketBeat's stock screener tool [2] - Metaverse stocks represent companies involved in creating, supporting, or monetizing virtual and augmented reality environments, including hardware, software, and digital content [2] - These stocks provide cross-sector exposure to long-term growth potential but are characterized by speculation and volatility due to emerging technologies and evolving business models [2] Group 2: Company Profiles - Everbright Digital is an integrated marketing solutions provider in Hong Kong, focusing on tailored marketing services for businesses in the metaverse [3] - HUB Cyber Security offers a range of cybersecurity solutions, including metaverse security and quantum secured cloud services, targeting both local and international markets [4] - Global Mofy AI specializes in virtual content production and digital marketing services for the metaverse, utilizing advanced technologies for content development [5] - Robot Consulting focuses on human resource solutions and aims to expand into legal technology and the metaverse, with its main product being a cloud-based HR management system [6]

Company Structure and Operations - Global Mofy Cayman is a holding company with no significant assets or operations, conducting business in China through its subsidiaries[32]. - Global Mofy Zhejiang WFOE, incorporated on April 3, 2023, is engaged in technology development, technical services, and software development[34]. - As of the date of the report, no dividends or distributions have been made to US investors, and the company's business is primarily conducted through its subsidiaries[54]. - The company has appointed Cogency Global Inc. as its agent to receive service of process in the United States[46]. - The company has received all requisite licenses and permissions from PRC authorities to conduct its business operations, with no denials reported[66]. - The business licenses held by subsidiaries allow for a range of technology services, including development, consulting, and advertising, across various regions in China[67][68]. Financial Operations and Dividends - Current PRC regulations permit the WFOE to pay dividends to the company only out of accumulated profits, if any, determined in accordance with Chinese accounting standards[53]. - The company relies on dividends paid by its subsidiaries for working capital and cash needs, including servicing debt obligations and paying operating expenses[54]. - No dividends, distributions, or transfers have been made between Global Mofy Cayman and its subsidiaries, and no cash dividends are expected in the foreseeable future[59]. - The company’s ability to pay dividends may be restricted by debt instruments governing its subsidiaries[56]. - The company's PRC subsidiaries generate revenue primarily in Renminbi, which is not freely convertible, potentially limiting the ability to pay dividends[88]. - A withholding tax rate of up to 10% may apply to dividends payable by Chinese companies to non-PRC-resident enterprises, affecting the company's ability to distribute dividends[89]. - The company relies on dividends from its PRC subsidiaries for funding, which are subject to PRC laws that restrict payments to only after-tax profits and require statutory reserves[150][155]. Regulatory Environment - The PRC government may impose restrictions on the ability to transfer cash or assets, affecting the company's liquidity[51]. - The company must comply with PRC foreign exchange regulations for the remittance of dividends outside of China[52]. - PRC regulations require subsidiaries to set aside a minimum of 10% of net income after taxes as statutory surplus reserves until it reaches 50% of registered capital[56]. - The Holding Foreign Companies Accountable Act may impact the company's ability to complete business combinations with certain companies, particularly those with substantial operations in China[60]. - The company does not anticipate any regulatory objections to its offering from PRC authorities[68]. - The company is not currently required to obtain any other approval from Chinese authorities to list on U.S. exchanges or issue securities to foreign investors[75]. - The company must comply with new cybersecurity review measures before any public offering at a foreign stock exchange, adding potential compliance challenges[99]. - The company is subject to extensive regulation in the financial and taxation solution services industry, creating uncertainties regarding the legality of its operations[95]. Market and Competition - The company faces intense competition in the metaverse and digital entertainment industry, which could negatively impact its market share and financial performance[90]. - The company faces intense competition in the metaverse and digital entertainment industry, with significant competitors like BaseFX and SVHQ Media, which may affect market share[226]. Financial Performance - For the fiscal year ended September 30, 2025, the revenue from digital asset development reached $22.83 million, up from $20.5 million in 2024 and $11.5 million in 2023, indicating significant growth in this business line[209]. - The company incurred a net loss of $19.30 million for the fiscal year ended September 30, 2025, following a profit of $12.1 million in 2024 and $6.6 million in 2023, highlighting ongoing financial challenges[211]. - The company anticipates an increase in operating costs and expenses as it continues to grow, which may impact future profitability[212]. - The company has a limited operating history, making it difficult to predict future performance and increasing the risk of fluctuating financial results[210]. Customer and Supplier Dependency - As of September 30, 2025, one customer accounted for approximately 16% of total revenues, indicating a reliance on major customers for revenue generation[214]. - Four major suppliers accounted for approximately 19%, 14%, 11%, and 11% of total purchases for the year ended September 30, 2025, reflecting dependency on key suppliers[217]. - As of September 30, 2025, the balance due from four customers accounted for approximately 22%, 20%, 18%, and 13% of total accounts receivable, indicating potential risks in cash flow[215]. Legal and Compliance Risks - The company may face significant legal and regulatory obstacles in obtaining information for shareholder investigations or litigation outside of China[84]. - The PRC legal system's unpredictability may impede the company's ability to enforce contracts and could adversely affect operations[126]. - Enforcement of foreign judgments in China is uncertain, particularly for judgments from U.S. courts, due to the lack of reciprocal agreements[183]. - The company may face significant scrutiny and negative publicity similar to other U.S.-listed Chinese companies, which could adversely affect its operations and stock value[181]. Economic and Political Factors - The company’s operations are significantly influenced by political, economic, and social conditions in China, which could impact financial performance[128]. - Adverse changes in PRC government policies could materially affect the overall economic growth of China, reducing demand for the company's products and services[84]. - The financial and operating performance of the company may be adversely affected by general economic conditions, natural disasters, and public health crises impacting the metaverse industry[186]. - The rapid spread of COVID-19 has resulted in increased travel restrictions and business disruptions, potentially leading to financial distress for buyers and impacting revenues[187].