XMGF(SZ:300770) Mei Ri Jing Ji Xin Wen·2026-01-21 09:00Core Viewpoint - The company is actively investing in various types of dramas, including long, medium, and short formats, with expected revenue recognition tied to the airing schedule and contractual conditions [1][3]. Group 1: Investment Activities - The company has invested in 5 long dramas (including web series and TV dramas), 23 high-quality horizontal medium dramas, and 14 vertical short dramas within the year [3]. - The investment content is distributed across major platforms such as iQIYI, Youku, Tencent Video, Mango TV, and Hongguo Short Drama [3]. Group 2: Revenue Recognition - Revenue from the invested dramas will be reflected in the financial statements in stages, depending on the airing progress and revenue sharing agreements [1]. - There is uncertainty regarding whether the profits from the 42 dramas will positively impact the company's performance for the current fiscal year [3].