Core Viewpoint - Jefferies report indicates that the revenue of China Literature Group decreased by 23.9% year-on-year to 3.2 billion yuan, while non-IFRS profit exceeded expectations due to improved gross margin and cost control [1] Group 1: Financial Performance - Revenue decreased by 23.9% year-on-year to 3.2 billion yuan [1] - Non-IFRS profit was better than expected, benefiting from improved gross margin and effective cost control [1] Group 2: Strategic Initiatives - Management emphasized the intention to leverage its IP reserves to expand derivative and licensing businesses [1] - Jefferies reiterated that New Classics Media's series business revenue will be released in the second half of the year [1] Group 3: Technological Impact - There is optimism regarding the empowerment of operations, writers, and user experience through AI technology [1] Group 4: Analyst Rating - Jefferies maintains a "Buy" rating for China Literature Group, with the target price raised from 35 HKD to 36 HKD [1]
杰富瑞：上调阅文集团目标价至36港元