According to CICC's research report, in 2024, many key animated films such as “The Demon Boy in the Sea”, “White Snake: Floating Lion 2” are yet to be screened, and new technologies such as generative AI are developing at an accelerated pace. We believe that in recent years, the domestic animated film industry has ushered in a new period of opportunity. Content breaks the circle, improves production efficiency, extends value, or becomes the development direction of the industry. Industry-leading animation companies are expected to increase production capacity and expand value.