Capital Securities believes that Yingwuang has strong delive...

Capital Securities believes that Yingwuang has strong delivery and promotion capabilities in the entertainment field, and the skit business is expected to show good prospects as the industry grows. On the one hand, the company's gross margin is stable, and on the other hand, sales expenses are likely to continue to increase. In addition, Yinguniverse has an active presence overseas and new markets such as AIGC.