China Literature Limited, an investment holding company, operates an online literature platform in the People's Republic of China.
Profile & Fundamentals
China Literature: Company identity, ownership, reported financial performance, balance sheets, and corporate actions.
Profile & Fundamentals
China Literature Profile & Fundamentals
Examine company identity, ownership, reported performance, valuation, balance-sheet resilience, dividends, buybacks, and material corporate events.
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Company and Market Context
Company Profile & Ownership
China Literature Limited, an investment holding company, operates an online literature platform in the People's Republic of China. The company operates through Online business, and Intellectual Property Operations and Others segments. It is involved in the business of online text, online advertising, and game publishing, as well as comics and audio books reading via self-owned platforms under the QQ Reading, Qidian, New Classics Media, and Tencent Animation & Comics brands. The company also produces, licenses, and distributes film, television, web, and animated series; copyrights licensing; sales of adaptation rights and scripts; distribution of short-form dramas and AI-animated dramas; sales of physical books and intellectual property merchandise products; in-house online games operations; and distributions of online audio books and online comic content provided via Tencent and third-party platforms. In addition, it provides reading, copyright commercialization, writer cultivation, and brokerage services; and operates text work reading and related open platform through technology methods and digital media, including personal computers, internet, and mobile network. Further, the company engages in sales of adaptation rights and scripts; and online reading business. The company was founded in 2002 and is headquartered in Shanghai, the People's Republic of China. China Literature Limited operates as a subsidiary of Tencent Holdings Limited.
Company profile record
China Literature Ltd
Common Stock · Communication Services · Publishing
Company
- Company / asset
- China Literature Ltd
- Security type
- Common Stock
- Sector
- Communication Services
- Industry
- Publishing
- HQ
- 🇨🇳 China
- Head office
- N3 Lujiazui Binjiang Center, Shanghai, China, 200135
Leadership & scale
- Chief executive
- Mr. Xiaonan Hou
- CEO year born
- 1980
- Full-time employees
- 1.7K
- Fiscal year end
- December
Fundamentals snapshot
- Market Cap
- HKD 20.0B
- P/E
- --
- Revenue (Q2 26)
- CNY 3.5B
- Profit (Q2 26)
- CNY 133.5M
- Dividend Yield
- --
- Revenue (FY 25)
- CNY 7.4B
- Shares in public float
- 399.6M
- Insider ownership
- 60.39%
Reporting & identifiers
- Symbol
- 0772.HKEX
- Listing
- 🇭🇰 Hong Kong | Dividend Tax: 0%
- Ticker Currency
- HKD
- Income Statement Currency
- CNY
- Balance Sheet Currency
- CNY
- Cash Flow Currency
- CNY
- EPS Currency
- CNY
- Contract Type
- SPOT
- ISIN
- KYG2121R1039
- Asset ID
- equity_253c7cbe-670a-5ab1-91a2-536080a502bf
Ownership
Shares Outstanding
Latest: 1.0B | Max: 1.0B | Min: 813.4M
Latest reported ownership snapshot
As of Oct 1, 2026Float Shares
39.30%
399.6M latest reported shares
Insider Ownership
60.39%
Latest reported insider stake
Short Float
--
Latest reported short interest / float
Source tablesView ownership tables
Shares Outstanding
Annual reported shares outstanding; up to 10 reporting dates.
Scroll the table to see every column.
| Reporting date | Shares outstanding |
|---|---|
| 2017-01-01 | 813,388,800 |
| 2018-01-01 | 930,416,300 |
| 2019-01-01 | 1,005,817,000 |
| 2020-01-01 | 1,015,781,700 |
| 2021-01-01 | 1,018,957,000 |
| 2022-01-01 | 1,024,909,000 |
| 2023-01-01 | 1,021,325,000 |
| 2024-01-01 | 1,011,219,000 |
| 2025-01-01 | 1,028,399,000 |
| 2026-01-01 | 1,016,778,000 |
Top Holders
Available reported ownership records.
No reported records are available in this preview.
Earnings, Profitability & Valuation
Earnings, Profitability & Valuation
Earnings & Revenue
Earnings and Revenue Trajectory
AI Review
Headline financial results showed an alarming optical collapse that hides a stabilizing underlying business. In 2025, the company reported a net loss of CNY 776 million, but this was entirely caused by a non-cash CNY 1.8 billion goodwill write-off on its historical film studio acquisition. Excluding that one-off charge, core non-IFRS earnings remained solidly profitable at roughly CNY 858 million. In the first half of 2026, revenue rebounded 10.7% to CNY 3.53 billion as intellectual property operations surged over 40%, offsetting modest declines in digital reading. Statutory net profit was held down by a one-off CNY 300 million tax assessment. With legacy write-downs and tax disputes resolved, true operational earning power is positioned to surface cleanly.
Headline financial results showed an alarming optical collapse that hides a stabilizing underlying business. In 2025, the company reported a net loss of CNY 776 million, but this was entirely caused by a non-cash CNY 1.8 billion goodwill write-off on its historical film studio acquisition. Excluding that one-off charge, core non-IFRS earnings remained solidly profitable at roughly CNY 858 million. In the first half of 2026, revenue rebounded 10.7% to CNY 3.53 billion as intellectual property operations surged over 40%, offsetting modest declines in digital reading. Statutory net profit was held down by a one-off CNY 300 million tax assessment. With legacy write-downs and tax disputes resolved, true operational earning power is positioned to surface cleanly.
Revenue, Net Income, and Free Cash Flow
Latest: CNY 7.4B | Max: CNY 8.7B | Min: CNY -4.5B
Valuation
P/E Ratio (TTM)iPublished valuation snapshots use the earnings basis recorded with each observation. Source tables retain that basis.
Latest: 39x
Profitability & Margins
Margins and Operating Efficiency
AI Review
Underlying profit margins tell a story of resilience beneath temporary accounting noise. Gross margins have held remarkably steady near 48% across recent years, proving strong pricing power over original literary copyrights. The negative operating margin reported in 2025 was entirely an accounting artifact of the non-cash goodwill write-off rather than deteriorating customer pricing. Profitability is shifting toward high-margin licensing, merchandise, and micro-dramas, which carry lower fixed production overhead than traditional cinema. While user acquisition costs on short-video platforms create some friction, lower digital adaptation expenses are expected to lift normalized operating margins toward mid-teens over the medium term as high-margin derivative revenues expand.
Underlying profit margins tell a story of resilience beneath temporary accounting noise. Gross margins have held remarkably steady near 48% across recent years, proving strong pricing power over original literary copyrights. The negative operating margin reported in 2025 was entirely an accounting artifact of the non-cash goodwill write-off rather than deteriorating customer pricing. Profitability is shifting toward high-margin licensing, merchandise, and micro-dramas, which carry lower fixed production overhead than traditional cinema. While user acquisition costs on short-video platforms create some friction, lower digital adaptation expenses are expected to lift normalized operating margins toward mid-teens over the medium term as high-margin derivative revenues expand.
Profitability Margins
Latest: 48.0% | Max: 53.1% | Min: -52.8%
Latest Profitability Ratios as of 2025-12-31
Gross Margin
48.0%
Gross profit / revenue
Operating Margin
-10.9%
Operating income / revenue
Net Margin
-10.5%
Net income / revenue
FCF Margin
-5.0%
Free cash flow / revenue
Source tablesView earnings, profitability & valuation tables
Revenue, Net Income, and Free Cash Flow
Annual reported results, using the source statement's recorded USD conversion. Up to 10 reporting periods; missing values are not estimated.
Scroll the table to see every column.
| Period end | Revenue (USD) | Net income (USD) | Free cash flow (USD) |
|---|---|---|---|
| 2016-12-31 | 367,894,388.49 | 5,278,129.5 | 7,582,014.39 |
| 2017-12-31 | 629,042,396.31 | 85,426,881.72 | 115,574,961.6 |
| 2018-12-31 | 732,303,779.07 | 132,359,883.72 | 106,766,715.12 |
| 2019-12-31 | 1,199,391,810.34 | 157,464,511.49 | 81,309,913.79 |
| 2020-12-31 | 1,305,620,367.53 | -689,157,274.12 | 125,872,588.06 |
| 2021-12-31 | 1,362,931,446.54 | 290,347,327.04 | 138,261,949.69 |
| 2022-12-31 | 1,105,162,608.7 | 88,142,898.55 | 181,614,057.97 |
| 2023-12-31 | 987,575,352.11 | 113,363,239.44 | 134,384,084.51 |
| 2024-12-31 | 1,112,476,849.32 | -28,659,726.03 | 329,995,342.47 |
| 2025-12-31 | 1,053,816,309.01 | -111,023,462.09 | -52,240,772.53 |
Published P/E Ratio
Published valuation snapshots retain each observation's earnings basis.
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| Period end | P/E (times earnings) | Earnings basis |
|---|---|---|
| 2024-12-31 | 39.09 | Trailing four quarters |
| 2022-12-31 | 45.11 | Annual net income |
| 2021-12-31 | 22.05 | Annual net income |
Profitability Margins
Matching annual reporting dates. Values are percentages.
Scroll the table to see every column.
| Period end | Gross margin (%) | Operating margin (%) | Net margin (%) | Free cash flow margin (%) |
|---|---|---|---|---|
| 2016-12-31 | 41.26 | 1.3 | 1.43 | 2.06 |
| 2017-12-31 | 50.68 | 12.47 | 13.58 | 18.37 |
| 2018-12-31 | 50.77 | 22.13 | 18.07 | 14.58 |
| 2019-12-31 | 44.23 | 14.3 | 13.13 | 6.78 |
| 2020-12-31 | 49.66 | -52.48 | -52.78 | 9.64 |
| 2021-12-31 | 53.06 | 25.06 | 21.3 | 10.14 |
| 2022-12-31 | 52.85 | 8.25 | 7.98 | 16.43 |
| 2023-12-31 | 48.08 | 10.12 | 11.48 | 13.61 |
| 2024-12-31 | 48.29 | -4.14 | -2.58 | 29.66 |
| 2025-12-31 | 48.03 | -10.92 | -10.54 | -4.96 |
Public data excerpt created by iPulse AI and published by Future Edge Group FZE. Source: eodhd. Snapshot retrieved 2026-09-15.
Use is subject to the iPulse AI Terms of Service and applicable source rights. Missing inputs are not estimated. Full access includes the remaining records, research and interactive tools.
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