Group 1 - The core viewpoint of the article highlights the significant stock price increase of Xiaoyu Yingtong (02946), which rose over 12% in the afternoon and is currently trading at 0.435 HKD with a transaction volume of 10.61 million HKD [1] - Xiaoyu Yingtong has strategically entered the short drama industry, actively engaging in content production and industrial investment, with overall progress meeting expectations [1] - In September, the company successfully completed the planning and production of 9 short dramas, with notable performances from titles such as "Don't Lower Your Head, the Crown Will Fall" and "Sunny April," which ranked in the top three and five of industry charts [1] Group 2 - On September 24, Xiaoyu Yingtong executed a share consolidation based on a "20-for-1" ratio, resulting in a reduction of 19.452 billion shares [1]

Group 1 - The company, 小鱼盈通, is strategically expanding into the short drama industry to diversify its business and enhance revenue sources, with significant progress made so far [1][2] - The company has established a complete business chain from content development to production and distribution, successfully producing and launching multiple works [1] - In September 2025, the company completed the planning and production of 9 short dramas covering popular genres, demonstrating rapid content response and production capabilities [1] - Notable works include titles such as "重回80，拿捏糙汉老公" and "重生小股神，带老爸成首富," with some achieving strong market performance and ranking in the top three and five of industry charts [1] - The company aims to continue investing in the short drama industry, focusing on content innovation, technology application, and distribution expansion to enhance its international business presence [1] Group 2 - The board believes that the short drama industry is a significant area of digital content consumption with sustained growth potential, aligning with the company's strategic direction for new growth drivers [2] - This business expansion is expected to optimize the company's business structure and revenue model, while closely monitoring market dynamics for steady investment and operation in the short drama sector [2] - The company is committed to enhancing shareholder value through its initiatives in the short drama industry [2]