China Literature drops most in 10 months on wider loss outlook

China Literature

11/02/2026 05:05

** Shares of China Literature 0772.HK drop 8.2% to HK$40, on track for the biggest one-day pct fall since April 7, 2025

** Stock on course to snap two straight sessions of gain

** Chinese online literature and intellectual property incubation platform expects to record loss of 750-850 mln yuan ($108.5-$123.0 ml) for 2025, as compared to 209 mln yuan loss in 2024

** Loss is mainly due to impairment of goodwill of about 1.8 bln yuan arising from the acquisition of New Classics Media in 2018

** YTD, stock up 22.8%, while Hang Seng TECH Index .HSTECH down 0.1%

($1 = 6.9107 Chinese yuan renminbi)

(Reporting by Donny Kwok)

((donny.kwok@thomsonreuters.com))