Core Viewpoint - The announcement regarding Hangzhou Xuanji Technology Co., Ltd. (hereinafter referred to as "Xuanji Technology") completing its counseling work in less than six months has sparked significant trading interest in the company, indicating strong market confidence in its upcoming public offering [1][21]. Group 1: Counseling Completion - Xuanji Technology signed a counseling agreement with CITIC Jianan Securities on August 29, 2025, and completed the counseling work from September to December 2025, finishing in just five months, which is significantly shorter than the industry average [1][21]. - The counseling was led by CITIC Jianan Securities in collaboration with Beijing Junhe Law Firm and Lixin Certified Public Accountants [1][21]. Group 2: Company Overview - Founded in 2005, Xuanji Technology is a high-tech enterprise in the 3D digital content production industry, focusing on creating high-quality youth animation works [3][24]. - The company is known for its original 3D animation intellectual properties (IPs) such as "Qin's Moon," "Tianxing Jiange," and "Wugeng Ji," with "Qin's Moon" being the most representative, generating revenues of 16.37 million yuan and 21.30 million yuan in 2023 and 2024, respectively [5][27]. Group 3: Financial Performance - As of September 30, 2025, Xuanji Technology reported total assets of 705 million yuan, liabilities of 161 million yuan, and shareholders' equity of 543 million yuan, with a weighted average return on equity of 9.11% [13][32]. - The company achieved total revenue of 308 million yuan in the same period, reflecting a year-on-year growth of 60.3%, and net profit reached 93.87 million yuan, up 253.14% year-on-year [13][32]. Group 4: Business Operations - The main business segments of Xuanji Technology include digital content production services, content creation and licensing, and merchandise sales, with digital content production services contributing over 75% of total revenue in 2024 [9][30]. - Major revenue-generating series include Tencent Video's "Douluo Dalu II: Absolute Tangmen," "Swallowing the Starry Sky," and Youku's "Shixiong Ah Shixiong," collectively generating over 250 million yuan in 2024 [9][30]. Group 5: Governance and Compliance - Despite the short counseling period, Xuanji Technology addressed multiple issues identified by counseling institutions and regulatory bodies, including internal control and corporate governance problems, and implemented corrective measures promptly [14][34]. - The company has established an internal audit department to oversee business activities, risk management, internal controls, and financial information [40][41].