Hong Kong · Delayed Price · Currency is HKD China Literature Earnings Call Transcripts
Fiscal Year 2026
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Revenue grew 10.7% to RMB 3.53 billion in H1 2026, led by explosive growth in short drama and AI-animated drama segments, while net profit declined due to significant tax impacts. Merchandise and overseas expansion showed strong momentum, and AI integration accelerated content production and global reach.
Fiscal Year 2025
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2025 saw strong AI-driven transformation, with rapid growth in short drama, AI-animated drama, and IP merchandise, despite a revenue decline due to fewer drama/film releases. Overseas business and premium content strategies drove new opportunities.
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Revenue declined year-over-year due to fewer TV/film releases, but online business and merchandise segments grew, with net profit up 68.5% on lower costs and investment gains. AI and new product launches drove engagement and global reach, positioning the company for further growth.
Fiscal Year 2024
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Revenue grew 15.8% to RMB 8.1 billion, led by blockbuster IPs, rapid merchandise expansion, and strong IP operations. AI integration drove efficiency and global reach, while a non-cash goodwill impairment impacted net results. Gross margin remained stable at 48.3%.
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Revenue grew 27.7% year-over-year to RMB 4.2 billion, driven by blockbuster IP releases and strong IP operations growth. Gross margin improved to 49.7%, and the company expanded its international and merchandise businesses while integrating AI to boost efficiency.
Fiscal Year 2023
Fiscal Year 2022
Fiscal Year 2021
Fiscal Year 2020
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FY2020 revenue rose 2.1% to CNY 8.5B, while a CNY 4.5B IFRS net loss reflected major New Classics Media impairments and related losses. Online reading grew, and strategy shifted toward scaling IP across entertainment formats.
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H1 revenue grew 9.7%, but a first loss in many years reflected structural weaknesses and pandemic disruption. Strategy centers on reading-user growth, stronger writer ties, and systematic IP development.