According to CoinMeta, during an institutional survey, Wanshing Technology stated that the company officially launched a new product called Wanshing Studio in March this year. Initially, it focused on 2D comic series creation, and subsequently, it will gradually expand to include AI real-person short dramas, AI advertising dramas, overseas AI humanoid dramas, and AI films, among other diversified content forms. Currently, this product is positioned as a one-stop premium film and television content creation platform driven by AI, covering the entire process of script writing, storyboarding, material production, post-production editing, and team collaboration, forming a complete AI film and television creation ecosystem. The customer repurchase rate exceeds 85%. Based on the data from the third quarter, ARR has already exceeded 5 million US dollars annually. At present, the overseas version of Wanshing Studio has started public testing, enabling localized creation of film and television content such as AI short dramas overseas, and it is currently in the stage of user co-creation and product iteration refinement.