COL(SZ:300364)2025-05-07 10:22Group 1: Internationalization Strategy - The company emphasizes "Model Going Global 3.0," transitioning from simple copyright output to a localized and systematic output model, leveraging IP, platforms, AI capabilities, and local teams [2][3] - The international market is over four times larger than the domestic market, presenting significant growth opportunities as China's cultural influence rises [4] - The company has established wholly-owned subsidiaries in key countries like the USA, Japan, and Singapore, creating local short drama platforms [3] Group 2: Financial Performance - In 2024, the company achieved a revenue of 1.159 billion RMB, with overseas revenue of 303 million RMB, a year-on-year increase of 132.41% [7][14] - Overseas revenue accounted for 26.15% of total revenue, an increase of 16.89 percentage points compared to 2023 [7] Group 3: AI Empowerment - AI technology is transforming the company's cultural export processes, with the "Xiaoyao" model generating localized English scripts and enhancing content distribution efficiency [5][6] - The company has established AI departments to advance the intelligent production and precise distribution of multi-modal IPs [11] - The AI model's unique advantage lies in its deep understanding of cultural creation, derived from two decades of content accumulation [6] Group 4: Content and IP Development - The company boasts a content reserve of 5.6 million digital works and 4.5 million authors, forming a robust content production system [9] - The company has developed a comprehensive digital content ecosystem, covering various distribution channels and ensuring efficient user reach [9] - The short drama "Mushen Ji: Yankan Reform" achieved 373,000 followers and 707,000 likes shortly after its release, indicating strong market reception [12][13] Group 5: Market Trends and Future Outlook - The micro-short drama market in China reached 50.5 billion RMB in 2024, expected to grow to 63.43 billion RMB in 2025, with a compound annual growth rate of 19.2% [20] - The "Guzi Economy" market size reached 168.9 billion RMB in 2024, with a projected growth of over 200 billion RMB in 2025 [20] - The company plans to leverage AI technology to produce nearly 100 works in various formats, achieving over 3 billion views [18] Group 6: Strategic Focus - The company will focus on four strategic pillars: solidifying content, prioritizing IP, international expansion, and AI empowerment to drive sustainable growth [22]