Ge Long Hui·2025-06-12 08:55Group 1 - The core viewpoint of the news highlights the significant rise in the stock price of Quantum Song (QSG.US), which surged by 30.52% on June 11, 2023, marking a total increase of 115.74% over four consecutive trading days, reaching a two-year high since June 2, 2023 [1] - Quantum Song announced a merger and investment cooperation with Shenzhen Yiqi Culture Co., Ltd. (Letsvan) on March 24, 2023, which set a record for the highest financing in the primary market of China's trendy toy industry by 2025 [1] - This transaction signifies Quantum Song's entry into the trendy toy market, expanding its strategy from adult education to diversified consumer sectors, while Letsvan becomes the first trendy toy company in China with a Nasdaq-listed platform [1] Group 2 - According to a report from Cinda Securities, Letsvan focuses on the incubation, operation, and commercialization of IP from global artists, promoting and selling trendy toy culture, and has established a product matrix centered around popular IPs like "WAKUKU" and "Youli ZIYULI" [2] - Letsvan has achieved full-channel coverage in the domestic market and is expanding into Southeast Asia, with a significant new product launch scheduled for May 17, 2025, which is expected to boost its IP business [2] - Quantum Song reported a revenue of approximately 571 million yuan and a net profit of about 41.14 million yuan for the third quarter of the 2025 fiscal year, marking eight consecutive quarters of profitability, indicating initial success in its strategic transformation [2]