SIASUN(SZ:300024) Zheng Quan Shi Bao·2025-11-04 11:14Core Viewpoint - The company is making significant strides in IP development and commercialization through strategic partnerships and investments, particularly in the fields of entertainment and technology [1][4][8]. Group 1: Investment and Partnerships - The company has invested $8 million to acquire a 16% stake in a fund managed by its CEO, which primarily invests in the well-known South Korean talent agency Galaxy, holding up to 7% of its issued share capital [7]. - Galaxy represents several international artists and has a content production studio, enhancing the company's potential for collaborative projects and synergies [7]. - The company is in discussions with Galaxy for strategic collaborations, which may include exhibitions, concerts, and the development of artist-related IP [7]. Group 2: Technological Advancements - The company signed a sales contract with Adata Technology for 1,000 quadruped robots, valued at over 20 million RMB, marking a substantial advancement in the IP development of robotic products [1][4]. - The technology development and hardware production for these robots will be handled by Yushu Technology, with testing expected to be completed this year and mass production slated for early 2026 [4]. Group 3: Market Performance and Future Plans - Following the announcement of the investment in Galaxy, the company's stock initially surged over 8% but closed down 4.3% at HKD 9.13 per share [5]. - The company reported a revenue of 355 million RMB for the first half of 2025, a 33% year-on-year increase, although revenue from its IP creation and operation segment decreased by 8.2% due to restructuring [8]. - The company plans to focus on developing IP-related products themed around its star IPs and is exploring new product forms, including a quadruped robot with social attributes [9].