Core Viewpoint - The significant stock price increase of Giant Star Legend is attributed to its joint venture with Yushun Technology, rather than its association with Jay Chou [2][3]. Group 1: Company Overview - Giant Star Legend was established in 2017 and focuses on IP creation and operation, as well as new consumption [2]. - The company is closely linked to Jay Chou, often referred to as a "Jay Chou concept stock" due to its operations around his IP [2][4]. Group 2: Joint Venture Details - On November 11, Giant Star Legend announced a joint venture with Yushun Technology to establish Yuxing Entertainment Technology Co., Ltd., with both parties holding 50% equity [2][3]. - The joint venture will focus on developing and selling consumer-grade IP robots and related products, including pet quadruped robots and humanoid performance robots [2][3]. Group 3: Financial Performance - For the first half of 2025, Giant Star Legend reported revenue of 355 million yuan, a 33% year-on-year increase, but a net profit decline of 58.9% to 10.27 million yuan [4]. - Revenue from new consumption business reached 211 million yuan, up 91.5% from the previous year, while revenue from IP creation and operation fell by 8.9% to 144 million yuan [4]. Group 4: Strategic Moves - The company has been actively seeking new growth avenues to alleviate performance pressure, as its business heavily relies on Jay Chou's influence [4][5]. - In July 2023, Giant Star Legend successfully listed on the Hong Kong Stock Exchange, with a significant portion of its revenue historically tied to Jay Chou-related activities [4]. Group 5: Recent Developments - In addition to the joint venture, Giant Star Legend has made several strategic investments, including acquiring a stake in the National Stadium and investing in a Korean entertainment company [5][6]. - The company aims to diversify its operations beyond its reliance on Jay Chou by expanding into various entertainment sectors, including K-POP and robotics [6].

Core Viewpoint - The collaboration between Giant Legend (06683.HK) and Yushu Technology has advanced with the establishment of a joint venture, Yuxing Entertainment Technology Co., Ltd, focusing on consumer-grade IP robots and derivative products [1][2]. Group 1: Joint Venture Details - The joint venture will be co-owned by Giant Legend's subsidiary Xingchuangyi (Kunshan) and Yushu Technology's subsidiary, with each holding 50% equity [1]. - The joint venture aims to develop, operate, promote, and sell IP robots and related products based on both companies' IP resources [1]. Group 2: Financial Impact and Stock Performance - Following the announcement, Giant Legend's stock surged over 18%, reaching a price of 9.94 HKD per share, with a total market capitalization of approximately 8.9 billion HKD [2]. - The company has not disclosed specific investment amounts related to the joint venture [2]. Group 3: Recent Orders and Collaborations - Giant Legend secured two orders for quadruped robots, including a contract with Adata Technology for 1,000 units valued at over 20 million RMB and another with Cloud Factory for 5,000 units exceeding 100 million RMB [3]. - The company has also invested in Galaxy Company, acquiring up to 7% of its issued share capital, aiming for collaboration in various fields including global tours and IP development [3]. Group 4: Financial Performance - For the first half of the year, Giant Legend reported revenues of 354 million RMB, a year-on-year increase of 33%, while net profit decreased by 68.3% to 8.07 million RMB [4].

Core Viewpoint - The stock of Giant Legend (06683) experienced a significant increase, rising by 20% at one point and currently up by 15.35%, trading at HKD 9.62 with a transaction volume of HKD 404 million [1] Group 1: Joint Venture Announcement - Giant Legend's wholly-owned subsidiary, Star Creation, has entered into a joint venture agreement with Yuzhu Technology's wholly-owned subsidiary, Lingyi Technology, to establish a new company named Yuxing Entertainment Technology Co., Ltd [1] - Both parties will hold 50% equity in the joint venture, which will focus on consumer-grade IP robots, including pet quadruped robots, humanoid performance robots, and related IP derivative products [1] Group 2: Responsibilities and Operations - The joint venture will exclusively sell, operate, promote, and develop artist IP robots and derivative products based on the IP resources of both parties [1] - Giant Legend will be responsible for robot IP planning, design, AI interaction, artist IP authorization, media promotion, and channel development, as well as planning and producing performance content and developing commercial clients [1] - Yuzhu Technology will handle robot design and production or supply, as well as the technical and scenario development based on performance content, robot equipment technology research and operation, control, and related training [1]

Core Viewpoint - The collaboration between Giant Star Legend and Yushu Technology has advanced with the establishment of a joint venture, Yuxing Entertainment Technology Co., Ltd, focusing on consumer-level IP robots and derivative products [1] Group 1: Joint Venture Details - Giant Star Legend's subsidiary, Xing Chuang Yi (Kunshan) Cultural Co., Ltd, and Yushu Technology's subsidiary, Beijing Lingyi Technology Co., Ltd, will each hold 50% equity in the joint venture [1] - The joint venture will be responsible for the creation, development, operation, promotion, and sales of consumer-level IP robots and related products [1] - The board of the joint venture will consist of four directors, with each party appointing two [1] Group 2: Product Development and Orders - The joint venture will exclusively sell and promote artist IP robots and derivative products based on both parties' IP resources [1] - Giant Star Legend will handle IP planning, design, AI interaction, media promotion, and customer development, while Yushu Technology will focus on robot design, production, and technical development [1] - Recently, Giant Star Legend secured two orders for quadruped robots, including a contract with ADATA Technology for 1,000 units valued at over RMB 20 million and another with Cloud Factory for 5,000 units valued at over RMB 100 million [3] Group 3: Financial Performance - For the first half of the year, Giant Star Legend reported revenue of RMB 354 million, a year-on-year increase of 33.0%, while net profit decreased by 68.3% to RMB 8.07 million compared to RMB 25.45 million in the same period last year [5] Group 4: Market Reaction - Following the announcement of the joint venture, Giant Star Legend's stock price surged by over 18%, reaching HKD 9.94 per share, with a total market capitalization of approximately HKD 8.9 billion [1]