The research report from Kaiyuan Securities believes in capitalizing on the "initial release economy" and is actively looking into opportunities in the fields of performance arts, exhibitions, and new content launches. The initial release economy generally refers to economic activities such as companies launching new products, introducing new business models, new services, new technologies, and opening flagship stores. Kaiyuan Securities considers this to include areas like premieres, first exhibitions, first competitions, and new content releases. With the support of related policies for the initial release economy, the performance arts, exhibitions, content, and IP millet industries are expected to gain new opportunities. (1) Performance Arts: The strong demand from the younger generation for emotional value and offline social interactions combined with the supply release from premieres may sustain a high level of activity in concerts and cultural performances, driving the MR, holographic, and 3D performance technology industries. Key recommendations include Funshine Culture Group, with benefited symbols including Shanghai Fengyuzhu Culture Technology and Silkroad Visual Technology. (2) Exhibitions: Continuous innovation in animation, games, millet, and consumer electronics is driving demand for participation in exhibitions, with a strong recommendation for Hangzhou Shunwang Technology. (3) Games: Continuous focus on how new product launches drive the commercial performance of related R&D and distribution, with key recommendations for Perfect World and Kingnet Network. (4) Movies: Actively watching how the release of major new films drives content producers and cinema chains, with key recommendations for Shanghai Film, benefiting symbols including Beijing Enlight Media, Bona Film Group, and Wanda Film Holding. (5) IP Millet: Under the resonance of supply and demand, new flagship stores of millet continue to open, potentially driving high growth in the industry, with key recommendations for Shanghai Yaoji Technology, Alpha Group, and CHINA LIT.