Here Group Limited · NASDAQ:HERE
Here — QuantaSing Group — Q4 FY2025 Earnings Presentation
21 slides from Here's earnings presentation, Sep 17, 2025
Slide 1: Investor Presentation Fourth Quarter, Fiscal Year 2025
Investor Presentation Fourth Quarter, Fiscal Year 2025
Slide 2: Disclaimer
Disclaimer Information in this presentation and the accompanying oral presentation (the “Presentation”), including, among others, any statements regarding QuantaSing’s market position, users and learners and other metrics, is based on data and analyses from various sources as of the date of the Pres
Slide 3: Group Business: Strategic Portfolio Evolution
Group Business Strategic Portfolio Evolution: Focused Growth in Pop Toys Completed the acquisition of a Founded in 2019, listed on NASDAQ Invested in Letsvan to capture the controlling stake in Letsvan, in 2023 high-growth potential achieving full consolidation of its balance sheet 2019 - 2023 Decem
Slide 4: Q4 FY2025 Performance Highlights
Q4 FY 20251 Performance Highlights Financial figures are for Q4 FY 2025 (Apr 1, 2025 - Jun 30, 2025) Revenues from Pop Total Revenues Adjusted Net Income2 Toy Business RMB 617.8M RMB 111.2M RMB 65.8M -38.2% YoY -42.6% YoY RMB 1,040.9M 15 IPs Cash and Cash Equivalents, Restricted Including 11 self-ow
Slide 5: Global Pop Toy Industry Overview
Global Pop Toy Industry Overview Global Toy Market >$100B | Lower-Tier Cities Toy Sales Surge | Blind Boxes: Fastest-Growing Segment Pop Toy Industry: Lower-Tier Market Blind Box Segment Shows Market Size & Data Insights Potential Surges Explosive Growth In terms of GMV, the global toy market During
Slide 6: About Letsvan
About Letsvan Qímèng Dǎo: A global pop art and fashion IP platform focused on joy, authenticity, and curiosity Founded in 2020, Letsvan operates across the entire IP value chain from artist discovery and IP incubation to copyright commercialization and pop toy culture promotion, targeting young cons
Slide 7: IP Portfolio: Major IP Product Pipeline
IP Portfolio Major IP Product Pipeline 2023 2024 2025 PVC Figurines ZIYULI PIDOL WAKUKU DD.G ZIYULI ZIYULI ZIYULI PIDOL KILIKILI FIILA FIILA The Esoteric Play With Back To My Coloful x My Own Flower Spirit Dear For You Y2K Online N.T.Girls Colorful Mood Fable PIDOL Childhood Newlook BOWBOW Wedding W
Slide 8: Strategic Partnerships & Marketing Initiatives
Strategic Partnerships & Marketing Initiatives China Open Meets WAKUKU: At the Intersection of Sports and Art On August 22, 2025, Letsvan officially became a core marketing partner of the 2025 China Open. During the event, 10 co-branded WAKUKU x China Open products were launched, marking a historic
Slide 9: Strategic Partnerships & Marketing Initiatives: Collaborative Collections
Strategic Partnerships & Marketing Initiatives Collaborative Collections WAKUKU WAKUKU WAKUKU WAKUKU WAKUKU × × × × × JURRASIC WORLD THE JOURNEY OF LEGEND DREAMWORKS DRAGONS GENKI FOREST 2025 CHINA OPEN
Slide 10: Strategic Partnerships & Marketing Initiatives
Strategic Partnerships & Marketing Initiatives A Strategy Designed to Capture New Audiences and Deepen Community Engagement SIINONO OFFLINE DEBUT AT MINISO CHAOYANG HOPSON ONE POP-UP LETSVAN AT SS2026 BEIJING LETSVAN AT CIFTIS 2025, SEP 10-14 LAND SHANGHAI, JUL 19, 2025 AUG 31, 2025 FASION WEEK 2025
Slide 11: Sales Channels & Market Expansion
Sales Channels & Market Expansion Strategic Distribution Partnerships, Flagship Stores, and Online Growth Expansion Offline Online Strategic Distribution Partners：Established a China Market: Sales Channels widespread wholesale network of over 10,000 retail stores domestically and expanded to over 20
Slide 12: Investment Highlights
Investment Highlights Three Strategic Pillars Outlining Our Future Growth Blueprint Product Strength • 40+ blind box product lines, 30+ plush pendant products • 15 IPs in total: 11 self-owned, 2 exclusive licensed, 2 non-exclusive • Design centers in Beijing, Hangzhou, and Shenzhen • Blend artistic
Slide 13: Financial Highlights and Outlook
Financial Highlights and Outlook Pop Toy Business Revenue Guidance: Q1 FY 26: RMB100-110M | FY 26: RMB750-800M Revenue QoQ Change YoY Change Adjusted Net Income QoQ Change YoY Change Financial RMB 617.8M Highlights +8.3% -38.2% RMB 111.2M +193.8% -42.6% Fourth Quarter FY 2025 (RMB Millions) (RMB Mil
Slide 14: Appendix
D QUANTASING Appendix
Slide 15: Unaudited Condensed Consolidated Balance Sheets
UNAUDITED CONDENSED CONSOLIDATED BALANCE SHEETS (Amounts in thousands, except for share and per share data) As of June 30, June 30, June 30, 2024 2025 2025 RMB RMB US$ ASSETS Current assets: Cash and cash equivalents 779,931 830,159 115,886 Restricted cash 160 21,065 2,941 Short-term investments 246
Slide 16: Unaudited Condensed Consolidated Balance Sheets-continued
UNAUDITED CONDENSED CONSOLIDATED BALANCE SHEETS-continued (Amounts in thousands, except for share and per share data) As of June 30, June 30, June 30, 2024 2025 2025 RMB RMB US$ MEZZANINE EQUITY Non-controlling interests with liquidation preferences - 40,999 5,723 SHAREHOLDERS’ EQUITY Class A ordina
Slide 17: Unaudited Condensed Consolidated Statements of Operations and Comprehensive Income
UNAUDITED CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS AND COMPREHENSIVE INCOME (Amounts in thousands, except for shares and per share data) For the Three Months For the Years Ended June 30, Ended June 30, 2024 2025 2025 2024 2025 2025 RMB RMB US$ RMB RMB US$ Revenues 1,000,083 617,835 86,246 3,7
Slide 18: Unaudited Reconciliation of GAAP and Non-GAAP Results
UNAUDITED RECONCILIATION OF GAAP AND NON-GAAP RESULTS (Amounts in thousands, except for shares and per share data) The following table below sets forth a reconciliation of net income to adjusted net income and basic and diluted net income per ordinary share to basic and diluted adjusted net income p
Slide 19: Unaudited Additional Information
UNAUDITED ADDITIONAL INFORMATION (Amounts in thousands, except for share and per share data) The following table below sets forth a breakdown of revenue from pop toy business by IPs, both by absolute amount and as a percentage for the periods indicated: For the Three Months Ended June 30, 2025 RMB U
Slide 20: Unaudited Segment Information
UNAUDITED SEGMENT INFORMATION (Amounts in thousands, except for share and per share data) For the Three Months Ended June 30, 2025 Learning service and others and consumer Pop toy business(2) Total Total business(1) RMB RMB RMB US$ Revenues Learning service and others 501,534 - 501,534 70,011 Consum
Slide 21: Thank You
THANK YOU IR website: ir.quantasing.com Landline: +86 10 6493 7857 Email: ir@quantasing.com