Welcome to our dedicated page for CHINA LITERATURE ADR news (Ticker: CHLLY), a resource for investors and traders seeking the latest updates and insights on CHINA LITERATURE ADR stock.
China Literature Limited, listed as CHINA LITERATURE LTD ADR (CHLLY), is a prominent online literature and intellectual property (IP) incubation platform in China. Founded in 2012, the company has recently acquired Tencent Animation and Comics assets to expand its portfolio. The platform boasts popular titles like The Outcast and The Fox Spirit Matchmaker, leading to successful TV and animation adaptations. China Literature aims to create a vast IP universe through its online platforms Qidian Reading and QQ Reading, collaborating with partners like Tencent to develop and distribute IP content. With a focus on AI technology, China Literature accelerates the transformation of online literature into visual formats, enhancing its IP commercialization. For more information, visit China Literature.
Yuewen, a major player in China's entertainment industry, is experiencing significant international growth. According to AMPD, Chinese content became the second-largest category on Southeast Asian VOD platforms in H1 2024, surpassing American dramas. On freemium platforms, Chinese content accounts for 40% of viewership, outpacing South Korean dramas. Yuewen's digital-first model encompasses online literature, comics, animation, and other media formats, supported by over 10 million writers and 16 million literary works. In 2024, four of China's top five most-viewed online dramas were Yuewen productions or IP adaptations. The company is expanding globally through partnerships and plans to double overseas original literature adaptations compared to the previous year.
China Literature reported strong financial results for H1 2024:
- Total revenues increased 27.7% YoY to RMB4,190.9 million
- Revenues from IP operations surged 75.7% YoY to RMB2,202.8 million
- Operating profit rose 46.1% YoY to RMB454.4 million
- Non-IFRS profit attributable to equity holders grew 16.4% YoY to RMB702.1 million
Key highlights:
- Success of IP sequels like Joy of Life 2
- Expansion into merchandise and collectibles
- Growth in overseas markets
- Continued investment in high-quality content and writers
- Integration of AI technologies across businesses
The company aims to further leverage its IP portfolio and content ecosystem to drive growth.
China Literature (CHLLY), a leading online literature and IP incubation platform in China, has announced it will release its financial results for the first half of 2024 on August 12, 2024. The company will host an earnings conference call at 8:00 pm Hong Kong Time / 8:00 am U.S. Eastern Time on the same day. Investors can access a live webcast of the call on China Literature's investor relations website. For those wishing to join via phone, pre-registration is required. A replay of the conference call will be available until August 19, 2024.
China Literature Limited (CHLLY) announced its 2022 audited consolidated results, reporting total revenues of RMB7,625.6 million (USD1,094.9 million), a decrease from RMB8,668.2 million in 2021. Non-IFRS operating profit rose 4.9% to RMB1,363.9 million, with an operating margin of 17.9%. Profit attributable to equity holders increased 9.6% to RMB1,348.2 million. However, IFRS operating profit declined to RMB628.8 million, down from RMB2,172.6 million in 2021. The company improved its operational efficiency while focusing on high-quality content and anti-piracy initiatives, leading to substantial growth in its core product Qidian Reading.
FAQ
What is China Literature Limited known for?
When was China Literature Limited founded?
What recent acquisition has China Literature made?
What are some popular titles on China Literature's platform?
How does China Literature aim to create a vast IP universe?
Which platforms does China Literature collaborate with for IP content distribution?
What is China Literature's core business model?
How does China Literature leverage AI technology?
