Zhitong Finance APP learned that China Lit (00772) rose more than 3%. As of the release, it rose 3.66%, reported at 28.35 Hong Kong dollars, with a turnover of 124 million Hong Kong dollars.

On the news front, on June 12th, CEO and President of China Lit, Hou Xiaonan, stated that serving authors well has always been the core work of China Lit, and it will establish a "1 Billion Ecological Support Fund" to increase investment in pre-IP incubation, IP visualization development, and multimodal infrastructure, to accompany and promote IP throughout the entire operation.

Since the beginning of this year, China Lit has released multiple film and television blockbusters in a row. The Spring Festival film champion "Hi, Mom" set a box office record of 3.46 billion yuan; "The Long Ballad" set the highest heat record for Tencent Video dramas this year during its broadcast period; "Joy of Life 2" broke several historical highest records for Tencent Video; and "The Story of Rose" was the top-rated on its premiere night. In addition, "The Grand Lord" and others will also be launched successively.