Group 1 - The National Radio and Television Administration has implemented measures to enhance content construction and increase the supply of quality audiovisual content, including improvements in the management policies for TV series and support for micro-short dramas [1] - The "2024 China Micro-Short Drama Industry Research Report" indicates that the market size of micro-short dramas will exceed 50.5 billion yuan, surpassing box office revenues, and becoming a significant growth point for online audio-visual income [1] - Micro-short dramas are gaining international traction through AI translation and local adaptations, enhancing their dissemination efficiency and expanding their global reach [1] Group 2 - In the A-share market, there are 50 listed companies involved in the short drama business, with several companies actively developing this sector [2] - Kunlun Wanwei's AI short drama platform, DramaWave, has achieved over 30 million downloads and more than 10 million monthly active users as of March 2025 [2] - Mango Excellent Media has successfully distributed several short dramas overseas, achieving positive broadcasting results on platforms like Netflix and in various Southeast Asian markets [2] Group 3 - Perfect World has launched a micro-short drama channel "Her World," covering multiple media platforms, and the total market capitalization of short drama concept stocks in the A-share market has reached approximately 631.97 billion yuan [3] - The average increase in short drama concept stocks this year is 18.64%, with several stocks, including Xingfu Lanhai and Jishi Media, seeing cumulative gains exceeding 50% [3] - Fourteen short drama concept stocks have received "positive" ratings from five or more institutions, with Mango Excellent Media receiving the highest number of ratings at 23 [3]

Core Viewpoint - The company is actively developing and reserving high-quality film and television projects, with a focus on short dramas and collaborations with various partners [1] Group 1: Short Drama Development - The company has officially established a short drama brand named "Huayi Brothers Fire Drama" [1] - Collaborations include: - "What to Save You, My Brother" with Touch, launched on January 21, 2025 - "Feng Yin Jiu Xiao" with Yuewen Group, launched on January 22, 2025 - "Sorry, I Took the Female Lead Script" launched on January 23, 2025 - "The Chosen One in the Dungeon" (adapted from the popular game Dungeon & Fighter), launched on February 8, 2025 - "Niang Niang Jue Se" with Dianzhong Technology, launched on March 28, 2025 - "Zhu Xin Jie" (originally "Qing Yuan Duan Jin Du Wu Qing") with Zhongwen Online, launched on April 28, 2025 [1] Group 2: Upcoming Projects - The original project "The Lie of the Returning Wife" is in the post-production stage [1] - Upcoming projects include adaptations of popular games: - "Peace Elite: Rookie Elite" (tentative title) - "Da Gui Jia Shi" by Tang Jia San Shao - Original project "Kuang Lan" is also entering the preparation stage [1] Group 3: AI Film and Television Development - The company is simultaneously developing and producing AI film and television works, indicating a commitment to innovation and future releases of high-quality content [1]

Core Viewpoint - The company is actively developing and reserving excellent film and television projects, particularly focusing on short dramas through its newly established brand "Huayi Brothers Fire Drama" [3]. Group 1: Short Drama Initiatives - The company has launched several short drama projects in collaboration with various partners, including "What Can Save My Brother" with Touch, which premiered on January 21, 2025 [3]. - Other upcoming short dramas include "Feng Yin Jiu Xiao" on January 22, 2025, "Sorry, I Took the Female Lead Script" on January 23, 2025, and "The Chosen One in the Dungeon" on February 8, 2025, adapted from the popular game "Dungeon and Fighter" [3]. - Additional collaborations include "Niang Niang Jue Se" with Dianzhong Technology, set to premiere on March 28, 2025, and "Zhu Xin Jie" with Zhongwen Online, scheduled for April 28, 2025 [3]. Group 2: Future Projects and Innovations - The company is also working on original projects such as "The Lie of the Returning Wife," which is in post-production, and several adaptations from popular games and novels, including "Peace Elite: Rookie Elite" and "Da Gui Jia Shi" [3]. - The company is simultaneously developing AI-driven film and television works, indicating a commitment to innovation and a broader range of content in the future [3].