China Lit (stock code: 772) announced its unaudited interim results for the six months ended June 30, 2024. During the period, the group's revenue was RMB 4190.9 million, an increase of 27.7% year-on-year, and gross profit was RMB 2083.2 million, an increase of 29.8% year-on-year. Operating profit was RMB 454.4 million, an increase of 46.1% year-on-year. Profit before tax was RMB 603.0 million, an increase of 41.7% year-on-year. The profit during the period was RMB 503.9 million, an increase of 34.0% year-on-year, and equity holders' profit was RMB 504.3 million, an increase of 33.9% year-on-year. The film & television business performed well, and the movie "Hot and Hot" became the champion of the national box office. The TV series "Joy of Life S2" and...Show More

China Lit (stock code: 772) announced its unaudited interim results for the six months ended June 30, 2024. During the period, the group's revenue was RMB 4190.9 million, an increase of 27.7% year-on-year, and gross profit was RMB 2083.2 million, an increase of 29.8% year-on-year. Operating profit was RMB 454.4 million, an increase of 46.1% year-on-year. Profit before tax was RMB 603.0 million, an increase of 41.7% year-on-year. The profit during the period was RMB 503.9 million, an increase of 34.0% year-on-year, and equity holders' profit was RMB 504.3 million, an increase of 33.9% year-on-year. The film & television business performed well, and the movie "Hot and Hot" became the champion of the national box office. The TV series "Joy of Life S2" and others have achieved outstanding achievements. Copyright operation revenue increased significantly by 75.7% year-on-year, and the operating profit margin increased from 9.5% in the same period last year to 10.8%. China Lit continues to expand its overseas business. Its overseas reading platform, WebNovel, provides about 5,000 translated Chinese works and about 0.65 million local original works. The Board of Directors has decided not to distribute interim dividends.