Qimeng Island's quarterly revenue is 177 million: WAKUKU contributed over 70% of the revenue with 5 brand stores established

Leidi Network, LETIAN, March 12 HERE Qimeng Island (NASDAQ: HERE) today released its unaudited financial report for the second quarter of fiscal year 2026 (from October 1, 2025, to December 31, 2025). The report shows that Qimeng Island's revenue for the fourth quarter of 2025 was 177 million yuan, a quarter-on-quarter increase of 39.4%. Qimeng Island stated that this marks the company's first complete operational quarter of growth since its transformation into a trendy toy business. HERE Qimeng Island has three core IPs—WAKUKU, SIINONO, and ZIYULI. Among them, WAKUKU achieved revenue of 129 million yuan, accounting for 72.88% of total revenue, compared to 89.73 million yuan in the previous quarter; SIINONO's revenue reached 19.229 million yuan, up from 12.887 million yuan in the previous quarter; ZIYULI's revenue was 9.504 million yuan, down from 20.76 million yuan in the same period last year. As of December 31, 2025, HERE Qimeng Island has 11 proprietary IPs and 7 licensed IPs, covering various styles such as cute, trendy, fantasy, and healing. Centered around core IPs like WAKUKU, SIINONO, ZIYULI, FILLA, and FUNII, Qimeng Island continues to launch a series of new products, including plush blind boxes, pendants, figurines, and daily necessities, forming a complete consumption loop of "content + products + experience." HERE Qimeng Island stated that the monthly production capacity at the beginning of 2026 is approximately 50 times that of the beginning of 2025, with the supply chain and operational system gradually improving, enhancing responsiveness and supporting the rapid launch and market coverage of popular products HERE Qimeng Island aims to strengthen the connection between the brand and consumers, enhance brand perception, and continuously create immersive experience spaces offline. So far, five Qimeng Island brand image stores have opened in core business districts in Beijing, Shenzhen, and Chongqing. HERE Qimeng Island reported an operating loss of 38.22 million in the fourth quarter of 2025, with a net loss from continuing operations of 25.41 million. Li Peng, Chairman of HERE Qimeng Island, stated: "This quarter marks the first complete operational quarter for the company as an independent IP toy company. The company is building a replicable IP asset operation system around 'IP products, content, and experience': continuously enriching the IP matrix, accelerating product iteration, optimizing content creativity, while expanding diversified sales channels to achieve simultaneous enhancement of brand momentum and sales capability. As our organization and operational system continue to improve, we are confident in seizing opportunities in the global IP toy market, continuously releasing IP value, and creating long-term stable returns for shareholders." Zhan Huiyu, founder, CEO, and Chief Product Officer of HERE Qimeng Island, said: "We insist on starting from user emotions and focusing on the in-depth operation of core IPs. Over the past year, our product strength has not only been reflected in breakthroughs in IP and products but also in our precise control over the IP lifecycle. We do not chase short-term trends; instead, we are transforming 'temporary popularity' into 'long-term companionship' of IP through continuous product innovation, building an IP moat, and making every product a medium for dialogue with users." ———————————————