China Lit announced its interim financial report on June 30, 2024, showing a period revenue of RMB 4,190,933 thousand, a year-on-year growth of 27.7%. The gross profit and operating profit increased by 29.8% and 46.1% respectively, indicating an overall improvement in the company's profitability. The period profit was RMB 503,932 thousand, an increase of 34.0% compared to the same period last year. The equity attributable to shareholders also increased to RMB 504,303 thousand, a year-on-year growth of 33.9%. During the reporting period, China Lit issued multiple works, including the commercially successful movie "Hot and Spicy" and the TV series "Walking with Phoenix," further proving its ability in IP creation and commercialization. In addition, the company added approximately 0.17 million writers and 0.32 million novels to its online...Show More

China Lit announced its interim financial report on June 30, 2024, showing a period revenue of RMB 4,190,933 thousand, a year-on-year growth of 27.7%. The gross profit and operating profit increased by 29.8% and 46.1% respectively, indicating an overall improvement in the company's profitability. The period profit was RMB 503,932 thousand, an increase of 34.0% compared to the same period last year. The equity attributable to shareholders also increased to RMB 504,303 thousand, a year-on-year growth of 33.9%. During the reporting period, China Lit issued multiple works, including the commercially successful movie "Hot and Spicy" and the TV series "Walking with Phoenix," further proving its ability in IP creation and commercialization. In addition, the company added approximately 0.17 million writers and 0.32 million novels to its online reading platform, demonstrating the continuous strengthening of its content ecosystem. The company is also actively exploring new technologies, such as AI tools to help writers improve their creative efficiency. The board of directors is optimistic about the company's future development prospects and expresses gratitude to the team and shareholders for their support.