奇梦岛发布2026财年Q1财报：收入环比增长93.3%

Core Insights - The company reported significant quarter-over-quarter revenue growth in Q1 FY2026, marking a successful transition into a strategic acceleration phase after completing its business restructuring focused on the pure toy market [1][16]. Financial Performance - The company achieved a total revenue of 127 million yuan in Q1 FY2026, representing a remarkable 93.3% increase compared to the previous quarter, exceeding the upper limit of the revenue guidance of 100 to 110 million yuan [9][16]. - The revenue guidance for Q2 FY2026 is projected to be between 150 million and 160 million yuan [9]. Strategic Focus - The company has fully concentrated its resources on the IP toy market by divesting non-toy businesses, leading to substantial performance improvements [16]. - As of September 30, the company owns 11 proprietary IPs, including WAKUKU and ZIYULI, and has 4 exclusive licensed IPs and 2 non-exclusive licensed IPs [16]. IP Development and Brand Strategy - The company’s star IPs have shown strong performance, with WAKUKU generating 89.73 million yuan, ZIYULI generating 20.76 million yuan, and SIINONO generating 12.89 million yuan since its launch in mid-July [16]. - The launch of the new "Instant Power Up" product series by WAKUKU demonstrates the company's strong brand and product innovation capabilities [16]. Supply Chain Efficiency - The company achieved a monthly production of over 1 million plush blind boxes in August 2025, a more than 20-fold increase from the beginning of the year, and in October, production surged to 35 times the January levels, showcasing its scalable and flexible manufacturing capabilities [17]. Collaborative Initiatives - The company has successfully partnered with major events, such as becoming the first official toy brand partner of the China Open Tennis Tournament, enhancing brand visibility through event exposure and collaborations with top athletes [17]. - Strategic partnerships with Beijing TV and Hong Kong's Bauhinia Cultural Group have been established to promote cultural and creative products, further enhancing brand positioning [17]. Online and Offline Growth - The company's online GMV surpassed 44.6 million yuan in Q1 FY2026, driven by brand popularity and channel expansion, with significant engagement on social media platforms [19]. - The offline network has expanded to cover over a hundred key channels, with plans for more flagship and pop-up stores in major cities [19]. International Expansion - The company is steadily advancing its international market presence through both online and offline strategies, having entered nearly 20 countries, including North America and Europe, indicating strong overseas market potential [19]. Leadership Perspective - The chairman emphasized the significant revenue growth and positive core operational indicators, affirming the effectiveness of the company's focus on the toy market and its dual-engine strategy of IP development and multi-channel expansion [20].