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Yuewen Group's Adjusted Profit Fell 25% Last Year
China Literature Limited (00772) announced that for the year ending December 31, 2022, it reported a loss of RMB 776 million, with a loss per share of RMB 0.76, and no final dividend will be paid; the loss for the same period in 2024 was RMB 209 million.
During the period, revenue was RMB 7.366 billion, a year-on-year decrease of 9.3%. According to non-IFRS measures, adjusted profit was RMB 858 million, down 24.8% year-on-year.
Since the launch of AI animation dramas in the second half of 2025, nearly a thousand AI animated works have been released, with over 100 titles surpassing 10 million views, 12 titles exceeding 100 million views, and revenue in the second half surpassing RMB 100 million. Meanwhile, the IP derivative business continued to grow rapidly, with total GMV exceeding RMB 1.1 billion for the year, more than double that of 2024, setting a new record high.
The company is at the starting point of a new wave of content industry transformation, with new business models emerging continuously and new technologies accelerating iteration. It firmly believes that the synergy between IP and AI will continue to drive the content industry forward. From forward-looking deployment in new scenarios like AI animation dramas to systematically improving IP development efficiency and value, the “IP + AI” creation ecosystem the company is building will become a systemic engine to amplify the value of quality content, promoting China Literature’s long-term and sustainable growth.