China Literature falls on weak FY results

China Literature

18/03/2026 04:45

** Shares of China Literature 0772.HK fall 5.5% to HK$28.66, set for the biggest one-day pct drop since February 24

** Stock sinks to the lowest point since March 4

** Chinese online literature and intellectual property incubation platform said its 2025 net loss amounted to 776 mln yuan ($112.79 mln), as compared to 2024's 209.2 mln yuan loss, with non-IFRS profit down 24.8% y/y and revenues down 9.3% y/y

** Citi keeps "buy" rating but trims target price to HK$37 from HK$38, saying AI animated drama progress could serve as positive catalysts

** Jefferies maintains "buy" on expecting 2026 total revenue back to positive Y/Y growth with AI empowering operations and user experience

** YTD, stock down 11.4%, while Hang Seng TECH Index .HSTECH down 8.2%

($1 = 6.8801 Chinese yuan renminbi)

 (Reporting by Donny Kwok)

 ((donny.kwok@thomsonreuters.com))