招股书显示，乐自天成是中国领先的IP玩具公司，截至2024年12月31日，公司拥有超过100个自有及授权IP。根据灼识谘询，按2024年中国GMV计，公司在 中国多品类IP玩具公司中排名第二，而按相同标准衡量，公司为第三大中国IP玩具公司。 根据灼识咨询，公司是业内为数不多的、实现全产业链运营的中国公司之一，覆盖IP孵化和开发、产品设计到柔性供应链和全域销售渠道各个环节。利用柔 性供应链管理，公司维持了高效、可规模化拓展的运营架构。以"IP中枢"战略、多品类运营能力和全产业链布局为核心，公司持续推出包括蜡笔小新、猫和 老鼠等在内的授权IP热门产品。 北京乐自天成文化发展股份有限公司(简称：乐自天成)5月22日所递交的港股招股书满6个月，于11月22日失效，递表时花旗和华泰国际为联席保荐人。 ...

Core Viewpoint - Lezi Tiancheng Cultural Development Co., Ltd. is a leading IP toy company in China, with a strong market position and a comprehensive operational strategy covering the entire industry chain [2] Group 1: Company Overview - As of December 31, 2024, the company owns over 100 proprietary and licensed IPs [2] - According to Zhi Shi Consulting, the company ranks second among multi-category IP toy companies in China by GMV for 2024, and third overall among Chinese IP toy companies [2] - The company is one of the few in the industry that operates across the entire industry chain, from IP incubation and development to product design, flexible supply chain management, and comprehensive sales channels [2] Group 2: Operational Strategy - The company utilizes flexible supply chain management to maintain an efficient and scalable operational structure [2] - The core strategy includes an "IP hub" approach, multi-category operational capabilities, and a full industry chain layout [2] - The company continues to launch popular licensed IP products, including Crayon Shin-chan and Tom and Jerry [2]