Welcome to our dedicated page for China Literature news (Ticker: CHLLY), a resource for investors and traders seeking the latest updates and insights on China Literature stock.
China Literature (CHLLY) operates at the intersection of digital storytelling and intellectual property innovation, serving as a leading platform for online literature and cross-media adaptations. This news hub provides investors and industry observers with timely updates on strategic developments across the company's ecosystem.
Access comprehensive coverage of earnings announcements, IP licensing deals, and technology implementations including AI-driven content tools. The curated collection features updates on literary adaptations into films, games, and animation alongside partnership developments with major entertainment platforms.
Key focus areas include the expansion of the Smart Pen LLM AI system, platform user growth metrics, and international content distribution strategies. Regular updates track how CHLLY converts literary IP into multimedia franchises through its Qidian and QQ Reading ecosystems.
Bookmark this page for structured access to verified financial disclosures, operational milestones, and market analysis reports. Stay informed about China Literature's role in shaping next-generation digital entertainment through its unique blend of creative content and technological innovation.
China Literature announced its 2024 annual results, highlighting a 15.8% increase in total revenues to RMB8,121.1 million (USD1,129.7 million). Revenues from the online business rose by 2.1% to RMB4,030.6 million (USD560.7 million), while IP operations saw a 33.5% increase to RMB4,090.5 million (USD569.0 million). On a non-IFRS basis, operating profit was RMB985.4 million (USD137.1 million), and profit attributable to equity holders was RMB1,141.7 million (USD158.8 million). However, on an IFRS basis, the company reported an operating loss of RMB336.1 million (USD46.8 million) and a loss attributable to equity holders of RMB209.2 million (USD29.1 million), mainly due to an impairment loss of goodwill attributable to New Classics Media.
Key operational metrics showed a 19.0% decrease in average MAUs to 166.6 million, but a 4.6% increase in average MPUs to 9.1 million. The company made significant strides in IP visualization, releasing several blockbuster titles and achieving notable success in the film, drama series, animation, and comics segments. Additionally, China Literature's IP merchandise business surpassed RMB500 million in GMV for 2024.
China Literature (0772.HK), China's leading online literature and IP incubation platform, has announced it will release its full year 2024 financial results on Tuesday, March 18, 2025. The company will host a conference call and webcast at 8:00 pm Hong Kong Time (8:00 am U.S. Eastern Time) on the same day to discuss the financial performance and business operations.
Interested participants can access the live webcast through the company's investor relations website at http://ir.yuewen.com. Those wishing to join via dial-in are required to register in advance and should dial in 10 minutes before the call starts.
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.
