增长超预期！奇梦岛2026财年Q1潮玩业务总营收环比激增93.3%

Core Insights - The company reported significant quarter-over-quarter revenue growth, marking a successful transition to a pure toy business model, indicating a strategic acceleration phase [1][2] - Total revenue for the toy business reached 127.1 million yuan, a remarkable increase of 93.3% compared to the previous quarter, exceeding the upper guidance range of 100 to 110 million yuan [1] - The revenue guidance for Q2 of fiscal year 2026 is projected to be between 150 million and 160 million yuan [1] IP Ecosystem - The company has demonstrated systematic capabilities in IP incubation and development, owning 11 proprietary IPs and 6 licensed IPs as of September 30 [1] - The efficiency of the supply chain has significantly contributed to revenue growth, with plush blind box production exceeding 1 million units in August, a more than 20-fold increase since the beginning of the year [1] - By October, the monthly production of plush blind boxes surged to 35 times that of January, showcasing strong scalability and flexible production capabilities [1] Strategic Focus - The chairman emphasized the correctness and foresight of the "focusing on the toy main channel" strategy, which has led to improved core operational metrics [2] - The dual-engine strategy of "IP development + multi-channel expansion" is expected to continue driving growth and solidifying competitive barriers [2] - The company has established core capabilities and resource reserves to seize industry growth opportunities, laying a solid foundation for becoming a leading global toy enterprise [2]