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Group 1 - The company is planning to issue H-shares and list on the Hong Kong Stock Exchange to enhance its global strategy and brand image [1] - The company reported a revenue of approximately 4.066 billion yuan in 2024, a year-on-year decrease of 3.23%, and a net profit of about 51.49 million yuan, down 44.50% year-on-year [1] - The company operates in the influencer economy sector, providing services to content creators, MCNs, and brands, focusing on technology-driven solutions for monetization and operational efficiency [1] Group 2 - In the first half of 2025, the company achieved a revenue of 1.844 billion yuan, a year-on-year decline of 8.01%, and a net profit of 36 million yuan, down 19.28% year-on-year [2] - As of the reporting period, the company had total cash of approximately 1.394 billion yuan, with 788,000 yuan frozen due to litigation and 30 million yuan pledged for deposits [2] - The company aims to strengthen its risk resilience and explore new business models by leveraging digital technologies such as AI, MR, VR, and blockchain [2]

Core Viewpoint - Tianxiaxiu (stock code: 600556) reported a steady performance in Q1 2025, achieving revenue of 897 million yuan and a net profit attributable to shareholders of 13.33 million yuan, reflecting a 44.99% year-on-year growth in net profit after excluding non-recurring gains and losses [1][2] Financial Performance - The company achieved a revenue of 897 million yuan in Q1 2025, with a net profit of 13.33 million yuan [1] - The net profit attributable to shareholders, excluding non-recurring gains, reached 12.96 million yuan, marking a year-on-year increase of 44.99% [1] Business Strategy and Development - Tianxiaxiu is positioned as the first red economy platform enterprise in A-shares, focusing on building a decentralized infrastructure for the red economy through technology [1] - The company reported an annual revenue exceeding 4 billion yuan in 2024, demonstrating resilience through optimized business structure and resource integration [1] - In Q1 2025, R&D expenses amounted to 21.99 million yuan, emphasizing the "AI + Going Global" strategy to drive innovation in business models [1] Technological Advancements - The company’s Hashii chain technology supported the cultural and creative brand alliance chain, successfully conducting "Digital Cultural Tourism. City Check-in" activities during the 2025 Spring Festival [1] - Tianxiaxiu's enterprise-level AIGC platform "Linggan Island" underwent a significant upgrade, reducing the time to extract successful patterns from historical data from minutes to 28 seconds and lowering single-generation costs to one-third of the industry average [2] Global Strategy - The global strategy of Tianxiaxiu has gained market attention, with the company leveraging domestic and international resource synergies to support Chinese brands going global and provide cross-regional marketing for overseas local brands [2] - The company aims to adhere to the "super connector" strategy, driving the upgrade of the entire red economy industry chain through technology [2]

Group 1 - The company reported a revenue of 897 million yuan and a net profit attributable to shareholders of 13.33 million yuan for Q1 2025, with a year-on-year net profit growth of 44.99% after excluding non-recurring gains and losses [1] - The company focuses on the influencer economy, providing services to content creators, MCNs, and brands, aiming to enhance business efficiency through technology-driven solutions [1] - R&D expenses reached 21.99 million yuan, with a focus on AI and blockchain technologies, enhancing content production efficiency for e-commerce [2] Group 2 - The "CONNECT 2025" partner conference was held, discussing new technologies and ecosystems in influencer marketing, and launching a strategic partnership plan for 2025 [3] - The company’s AIGC platform "Linggan Island" significantly improved its product iteration, reducing the time to extract successful product patterns from historical data to 28 seconds and lowering generation costs to one-third of the industry average [2] - The company is leveraging blockchain technology to support cultural brands and has implemented digital tourism projects in various cities during the 2025 Spring Festival [2]