Based on current information and reviews, 'The Stage' (2025) does not appear to feature identifiable LGBTQ+ characters or themes. The narrative centers on political satire and social dynamics in a specific historical context, with no indication of LGBTQ+ representation being a central or even minimal aspect of its story.

Based on available information, there is no evidence of a film titled 'The Stage' (2025) directed by Peisi Chen. Consequently, no assessment can be made regarding its portrayal of transsexual characters or themes.

The movie does not contain any action or adventure elements.

The film portrays traditional Chinese opera roles, including female 'dan' characters, which were historically played by male actors. However, the film respects these roles as cultural portrayals, and there is no indication that any character's established gender from source material or history has been changed.

The film is set in early 20th century China with all characters and cast explicitly stated to be Chinese, authentically reflecting the historical and cultural context. There is no indication of any character being established as a different race in prior canon or history, nor any portrayal that deviates from their established Chinese ethnicity.