Core Insights - The company remains confident in the overall extension of its IP despite existing challenges [1] - The Beijing Bubble Mart theme park is undergoing significant upgrades, with 50% of its area being iterated and upgraded [1] - The theme park has seen increased popularity, with visitor numbers surpassing the total from the previous year, even with half of its area closed [1] - The second phase of the theme park will double the area compared to the first phase [1]