Qixiang Wuxian

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1. 5d
   AI micro-drama stocks rally; Decai unit's monthly revenue nears RMB 20M

   AI micro-drama (AI漫剧) concept stocks extended a rally in China from Oct 12–14: Decai Co. (605287.SH) closed limit-up at 44.20 yuan for its third limit-up in four sessions (up 30.04% over that span), while Ciwen Media rose 46.47% over four sessions; Bona Film Group, Huanrui Century, Zhangyue Technology and Guomai Culture also gained. Decai's controlled unit Qixiang Wuxian booked RMB 19.2677M in June revenue — about 78.4% of its first-half total — while still posting a RMB 5.6217M net loss; Ciwen said its AIGC platform "Ciwen TV" is still under construction with no related revenue yet, and Huanrui said AI short-drama revenue is under 1% of overall sales. Catalysts include ByteDance's PineDrama topping 100M downloads and roughly 7M DAU about nine months after launch, platform incentive programs such as Volcano Engine's Seedance film plan and Bilibili's upgraded anime-drama plan, local subsidies, and DataEye's estimate of a RMB 40B China AI drama/micro-drama market in 2026.

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