QuantaSing(US:QSG) Zhi Tong Cai Jing·2025-09-19 14:21Core Viewpoint - Quantum Song (QSG.US) reported a significant revenue growth and strategic transformation, focusing on the collectible toy business as a key growth area for the future [1] Financial Performance - For the fiscal year 2025, Quantum Song achieved a total revenue of 2.726 billion RMB and a net profit of 357 million RMB [1] - In the fourth quarter, the newly disclosed collectible toy business generated revenue of 65.78 million RMB, accounting for approximately 10.6% of total revenue [1] Strategic Focus - The fourth quarter marks a critical milestone in the company's strategic transformation, with the collectible toy business showing strong growth potential [1] - The company plans to fully concentrate on the collectible toy sector, expanding its IP matrix, deepening self-operated channels, and pursuing international expansion to enhance brand strength and user engagement [1]