IP - Driven Business

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QuantaSing(QSG) - 2025 Q4 - Earnings Call Presentation
2025-09-17 11:00
Financial Performance - Total revenues for Q4 FY2025 were RMB 6178 million[8], with Pop Toy Business contributing RMB 658 million[8] - Adjusted Net Income for Q4 FY2025 was RMB 1112 million[8], a YoY decrease of 426%[8] - The company reported Cash and Cash Equivalents, Restricted Cash and Short-term Investments of RMB 10409 million[8] Pop Toy Industry and Letsvan Acquisition - The global toy market grew at a CAGR of 52% from RMB 6312 billion in 2019 to RMB 7731 billion in 2023[9], and is expected to reach RMB 9937 billion in 2028[9] - China's blind box market is projected to reach RMB 58 billion by 2025, accounting for 65% of the global share[10] - Letsvan was acquired and fully consolidated, focusing on IP commercialization and targeting the younger generation[6, 12] Strategic Initiatives and Partnerships - Letsvan became a core marketing partner of the 2025 China Open, launching 10 co-branded WAKUKU x China Open products[18] - Strategic distribution partnerships include a wholesale network of over 10000 retail stores domestically and expansion to over 20 countries internationally[28] - Online GMV in China Market achieved RMB 18M+ in August 2025, representing 9x April's level[29] IP Portfolio and Product Development - The company has a portfolio of 15 IPs, including 11 self-owned, 2 exclusive licensed, and 2 non-exclusive[8, 39] - The company focuses on data-driven IP incubation, end-to-end supply chain management, and omni-channel distribution network[13]