Core Insights - The company, Giant Star Legend (06683.HK), has signed a sales contract with Cloud Factory (02512.HK) for the procurement of 5,000 quadruped robots, totaling over 100 million RMB, indicating strong market recognition of its IP capabilities [4] - This contract follows the initial sales order signed on November 3, marking a significant advancement in the company's product sales and extending its IP value chain from content creation to tangible applications [4] - The technology and hardware development for the robots will be handled by Yushu Technology, with testing expected to be completed this year and mass production slated for early next year [4] Company Overview - Giant Star Legend focuses on IP creation and operation, leveraging star-driven iconic IPs, primarily featuring Chinese pop icon Jay Chou and fitness coach Liu Genghong [5] - The company has successfully developed two flagship IPs: the official virtual image of Jay Chou, CHOUCHOU, and Coach Liu, accumulating a global fan base of 280 million across all its IPs [5] - Since its launch in 2019, the CHOUCHOU IP has collaborated with over 200 global brands, generating licensed merchandise sales exceeding 1 billion RMB [5]