- Earnings Conference Call to be Held on Tuesday, August 12, 2025 at 8:00 pm (Hong Kong Time) / 8:00 am (U.S. Eastern Time)HONG KONG, July 28, 2025 /PRNewswire/ -- China Literature Limited ("China Literature" or "the Company", 0772.HK), a leading online literature and intellectual property ("IP") incubation platform in China, will announce its financial results for the first half of 2025 on Tuesday, August 12, 2025.China Literature's management team will host a conference call to present an overview of the ...

网络文学市场正在进一步加快新布局。 根据中国音像与数字出版协会近期发布的《2024年度中国网络文学发展报告》显示： 2024中国网络文学市场营收规模为495.5亿元，同比增长29.37%，已连续三年实现增速加快；去年，中国网文IP改编量为83250部，同比增长 14.55%。 目前网文IP改编在经历短期爆发式增长后，正逐步转向理性化发展阶段。 网文以强大的生命力、亲和力在当下成为代表性文化出海内容、弥合影视生态创作断崖的重要载体，但客观来说，随着近期不少改编版权争议事件的热讨 不难看到，网文版权、IP改编等所引发的权利边界漏洞，也愈加需要规范化的持续深入。 01 网文IP改编大爆发 网文IP"一鱼多吃"，将IP通过文学、影视、漫画、游戏等形式进行全产业链开发，并不少见，并由此迸发出更大的商业潜力。 中国社会科学院发布的《2024中国网络文学发展研究报告》指出，截至2024年底，中国网络文学IP改编市场规模达2985.6亿元，同比增长14.61%，相当于 前面网文市场本身的6倍。与此同时，随着短剧、游戏、谷子、AI等新业态的加入，"多端协同、一体开发"的联动效应也推动网文IP开发的持续扩容。 要尽可能"一鱼多吃 ...

Core Insights - The company, Zhangyue Technology, reported a total revenue of 2.583 billion yuan for 2024, a slight decline of 7.02% year-on-year, while the net profit attributable to shareholders reached 49.2917 million yuan, an increase of 41.46% year-on-year [1][30] - The revenue from derivative businesses, particularly micro-short dramas, surged to 776 million yuan, marking a significant growth of 189.99% year-on-year, and accounting for 30% of the total revenue, establishing it as the company's "second growth curve" [2][30] - In the first quarter of 2025, the company achieved a revenue of 643 million yuan, a decrease of 5.19% year-on-year, with a net loss attributable to shareholders of 74.28 million yuan [2][6] Financial Overview - For 2024, the company reported total revenue of 2.583 billion yuan, a year-on-year decrease of 7.02%, and a net profit of 49.2917 million yuan, reflecting a year-on-year increase of 41.46% [2][30] - The cash flow from operating activities was negative at -75.017 million yuan, a decrease of 413 million yuan year-on-year, primarily due to significant investments in derivative businesses and AI technology applications [5] - The sales expenses for 2024 were approximately 1.5 billion yuan, down 11.86% year-on-year, while R&D expenses were around 200 million yuan, also down 11.51% year-on-year [5] Business Segment Performance - The digital reading platform revenue fell to 1.647 billion yuan, a decline of 25.91% year-on-year, while derivative business revenue reached 776 million yuan, a substantial increase of 189.99% [5][30] - The copyright product revenue decreased to 158 million yuan, down 39.53% year-on-year, and other business revenue dropped to 2.9784 million yuan, down 88.92% [5] - The short drama business has become the company's largest segment, focusing on young audiences with themes such as romance, campus life, and workplace scenarios [6][31] Domestic and International Expansion - The company has developed 1,304 micro-short dramas in the domestic market, achieving a cumulative heat value of 75.4 million, with seven dramas exceeding a heat value of 10 million [7][12] - In the overseas market, the iDrama platform has added nearly 200,000 users since its launch, with a total revenue of approximately 365,600 USD (about 2.665 million yuan) and over 190,000 downloads [15][18] - The iDrama platform is primarily focused on the U.S. market, which accounts for 53.87% of its revenue, while the Philippines, Japan, and Malaysia follow [18]