col group co.,ltd. (300364) stated on the interactive platform that the company has always focused on its own IP and has developed various IP derivative products downstream. Among them, the Luo Xiaohei flagship store has continuously launched a series of guzi products, including badges, acrylic cards, yo-yos, film cards, posters, transparent cards, and other types of guzi commodities. The sales volume of these products in the domestic animation IP guzi category is at a relatively high level. At the same time, the company has obtained partial category authorization for internationally renowned IP derivative products in the domestic market, such as Transformers, Minions, and Kung Fu Panda.