Group 1 - China Literature Limited will announce its financial results for the first half of 2025 on August 12, 2025 [1] - The management team will host a conference call to present an overview of the Company's financial performance and business operations [2] - A live webcast of the conference call will be available on the Company's investor relations website [2] Group 2 - The conference call is scheduled for 8:00 pm Hong Kong Time / 8:00 am U.S. Eastern Time [2] - Participants can join the conference using dial-in numbers after registering in advance [2] - A replay of the conference call will be available until August 19, 2025 [3]

Core Insights - The Chinese online literature market is experiencing accelerated growth, with a projected revenue of 49.55 billion yuan in 2024, marking a year-on-year increase of 29.37% and achieving accelerated growth for three consecutive years [1] - The number of adaptations of online literature IP reached 83,250 last year, reflecting a year-on-year growth of 14.55% [1] - The online literature IP adaptation market is transitioning from explosive growth to a more rational development phase [1][4] Group 1: Market Dynamics - The online literature IP adaptation market is expected to reach 298.56 billion yuan by the end of 2024, representing a year-on-year growth of 14.61%, which is six times the size of the online literature market itself [7] - The rise of micro-dramas has significantly increased the demand for adaptations, with over 1,600 new micro-drama adaptation licenses granted last year, a year-on-year increase of 81% [15] - The number of online literature authors has surpassed 30 million, with a total of 4,165.1 million works, indicating a rich and diverse content ecosystem [15] Group 2: IP Development Strategies - The trend of "one fish, multiple eats" is prevalent, with IP being developed across literature, film, comics, and games, leading to greater commercial potential [7] - Major platforms are increasingly focusing on high-quality IP acquisition and storage, with platforms like Youku, iQIYI, and Tencent Video prioritizing top-tier adaptations [9] - The adaptation landscape is diversifying, with platforms exploring less conventional genres such as sci-fi and non-romantic narratives, indicating a shift in content preferences [9] Group 3: Platform Strategies - The online literature platforms are evolving into differentiated entities, with over 200 platforms in total, where the top 20 account for 90% of the market share [16] - Platforms like Tomato Novel and Seven Cats are focusing on short drama adaptations, with Tomato Novel's adaptation "I Help the Mute CEO with Therapy" achieving over 3 billion views [16] - The integration of various content forms, including short dramas and interactive media, is becoming a standard practice among platforms [12][18] Group 4: International Expansion - The overseas online literature market reached 5.07 billion yuan last year, with 460,000 overseas authors and over 352 million users globally [23] - Platforms are not only cultivating overseas user habits but also selling domestic IP rights to foreign platforms, indicating a growing trend of international collaboration [23] - The emergence of new platforms and authors is reshaping the competitive landscape, with platforms like Xiaohongshu and LOFTER gaining traction [27]