Core Viewpoint - The company held its 2024 annual performance briefing, engaging with investors and addressing various inquiries regarding its business strategies and future outlook. Group 1: Company Performance and Strategy - The company achieved a response rate of 94.44% during the investor Q&A session, indicating strong engagement with stakeholders [1] - The company plans to enhance its core business in copyright operations and expand its influence in the new media distribution sector [19][20] - The company is focusing on integrating AI technology into its operations, particularly through the launch of its intelligent creation engine, ChatPV, which aims to improve content production efficiency [4][35] Group 2: Financial Outlook and Market Position - The company reported a decline in fourth-quarter performance due to several factors, including poor box office returns from a prior investment and increased amortization costs [14][15] - The company is actively managing its market value and has established a market value management system to enhance shareholder returns [5][8][29] - The company is optimistic about the future of the copyright industry, citing government support and the increasing demand for diverse content formats [22] Group 3: Business Development and Collaborations - The company is exploring collaborations with major platforms like ByteDance and has established a strategic partnership with Huawei for content operations [39][29] - The company is expanding its short video and micro-drama production capabilities, leveraging its existing channels and partnerships to enhance content distribution [25][43] - The company has plans to continue investing in high-quality content, including several upcoming series set to be released in 2025 [38]

Core Viewpoint - The company, Jiecheng Huashi Network Gathering, is building a new ecosystem for "cultural going out" by focusing on video copyright and short drama production, becoming a significant force in promoting the global dissemination of Chinese stories [1][2]. Group 1: Business Model and Strategy - Jiecheng Huashi Network Gathering has developed a three-in-one business model that integrates industry resource integration, copyright operation innovation, and global channel distribution [1]. - The company has established a comprehensive copyright service system, accumulating over 100,000 hours of copyright program content, serving various platforms including video websites and telecom operators [1][2]. Group 2: Global Expansion and Partnerships - The company has created a distribution network in over 200 countries and regions, collaborating with more than 400 international partners [2]. - In 2024, Jiecheng Huashi Network Gathering plans to export a large number of excellent domestic works, covering various genres such as historical, romantic, and urban themes [2]. Group 3: New Media and Audience Engagement - The company has launched multilingual sections on mainstream overseas video platforms like YouTube, with total subscriptions exceeding 40 million, and has nearly 10 million fans on Facebook [2]. - Jiecheng Huashi Network Gathering has been recognized as a "national cultural export key enterprise" for five consecutive years [2]. Group 4: Micro-Short Drama Market - The micro-short drama market in China is projected to reach 50.44 billion yuan in 2024, with a user base exceeding 600 million [3]. - The company has accumulated hundreds of horizontal short dramas and plans to participate in or customize over 300 in 2025, with vertical short drama content expected to exceed 1,000 [3]. Group 5: Technological and Cultural Integration - Jiecheng Huashi Network Gathering's parent company, Jiecheng Co., provides strong support through a dual layout of "technology + culture," including the development of an AI intelligent creation engine [4]. - The company is collaborating with local television stations to integrate regional cultural elements into micro-short dramas, enhancing global cultural resonance [4]. Group 6: Future Plans - The company aims to continuously optimize its cross-cultural creation and operation capabilities through technology, build a matrix for "international expression of Chinese stories," and enhance its global distribution network [5].