Core Insights - Quantum Song reported a revenue of approximately 571 million yuan and a net profit of about 41.14 million yuan for the third quarter of the fiscal year 2025, marking the eighth consecutive quarter of profitability [1] - The company has optimized its business structure and improved operational efficiency, with a significant 45.8% year-on-year decrease in sales expenses, indicating effective cost control [1] - Quantum Song has strategically shifted its focus towards product-driven growth and expansion into high-growth markets, successfully navigating a challenging quarter [1] Investment and Acquisition - Quantum Song completed a controlling acquisition of approximately 61% of Shenzhen Yiqi Cultural Co., Ltd. (Letsvan) for a total cash consideration of 235 million yuan, marking its entry into the trendy toy sector [1] - The acquisition is expected to provide Letsvan with new development opportunities, supported by Quantum Song's strategic investment and resources [2] Brand and Market Performance - Letsvan's popular IPs, such as WAKUKU and ZIYULI, have gained significant traction on social media, with the theme song for WAKUKU surpassing one billion views, enhancing brand recognition [2] - Letsvan's trendy toy products have consistently ranked among the bestsellers on Tmall, with the WAKUKU "Mao Mao Trendy Party" series selling over 20,000 units and the second-generation plush product selling over one million units on its launch day [3] Future Outlook - The acquisition and subsequent business expansion are expected to provide Quantum Song with new growth avenues, with plans to continue deepening its presence in the trendy toy sector [3] - The company aims to further optimize its product structure and enhance operational efficiency to solidify and expand its market share [3]