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China Literature Limited logo

China Literature Limited

0772.HK

HKSECommunication ServicesInternet Content & Information

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Latest quote

HK$19.43

−HK$0.47 · -2.36%

Aug 24, 1:46 PM HKT

0772.HK company overview

Regular session · HKT · Market data may be delayed.

Company profile

Company website

China Literature Limited is a major investment holding company that manages a leading digital literature platform across the People's Republic of China. It strategically monetizes its extensive catalog of intellectual properties (IPs) through key online platforms, notably QQ Reading and Qidian, and also via its film and television production arm, New Classics Media. The company further extends its reach by operating proprietary content channels on partner distribution networks and licensing its content to external third parties. Its business model includes providing online paid reading services and adapting literary works into diverse entertainment formats. The company offers a full suite of services, encompassing digital reading experiences, comprehensive copyright commercialization, and the cultivation and brokerage of writers. Its technology-driven open platform facilitates access to text-based content through various digital mediums, including personal computers, the internet, and mobile devices. Beyond its core literary focus, China Literature Limited is also engaged in the production and distribution of television series, web series, and feature films, the licensing and distribution of film and television rights, general copyright licensing, the sale of physical books, and the development and operation of its own online games. Established in Shanghai, China, in 2002, China Literature Limited operates as a subsidiary of Tencent Holdings Limited.

Industry
Internet Content & Information
Sector
Communication Services
Headquarters
CN
CEO
Xiaonan Hou
Listed since
Nov 8, 2017
Employees
1,700

Market position

Day range

Current HK$19.43

52-week range

Current HK$19.43

Open
HK$19.90
Previous close
HK$19.90
Volume
2.2M
0.39× average
Average volume
5.63M
Average daily volume
Market cap
19.64B HKD
Beta
1.32
Market reference 1
50-day average
HK$20.2502
-4.05% below average
200-day average
HK$28.651
-32.18% below average

Financials

Financial snapshot

Latest / TTM

Valuation & yield

P/E (TTM)
-11.49×
P/B (TTM)
0.96×
P/S (TTM)
2.2×
Dividend yield
0.00%

Profitability & efficiency

Gross margin
48.22%
Operating margin
-20.91%
Net margin
-19.49%

Financial health

Debt / equity
0.01×
Altman Z-score
3.94
Piotroski F-score
6 of 9

Financial statements

Margin trends

Profitability as a percentage of reported revenue.

Gross marginOperating marginNet margin
Gross, operating, and net margin trends59%34%8%-17%Gross margin, FY2021: 53.06%Gross margin, FY2022: 52.85%Gross margin, FY2023: 48.08%Gross margin, FY2024: 48.29%Gross margin, FY2025: 48.03%Operating margin, FY2021: 25.06%Operating margin, FY2022: 8.25%Operating margin, FY2023: 10.12%Operating margin, FY2024: -4.14%Operating margin, FY2025: -10.92%Net margin, FY2021: 21.30%Net margin, FY2022: 7.98%Net margin, FY2023: 11.48%Net margin, FY2024: -2.58%Net margin, FY2025: -10.54%FY2021FY2022FY2023FY2024FY2025
Gross margin FY2021 53.06%. Gross margin FY2022 52.85%. Gross margin FY2023 48.08%. Gross margin FY2024 48.29%. Gross margin FY2025 48.03%. Operating margin FY2021 25.06%. Operating margin FY2022 8.25%. Operating margin FY2023 10.12%. Operating margin FY2024 -4.14%. Operating margin FY2025 -10.92%. Net margin FY2021 21.30%. Net margin FY2022 7.98%. Net margin FY2023 11.48%. Net margin FY2024 -2.58%. Net margin FY2025 -10.54%.

Income trends

Revenue

7.37B CNY-9.30%

Operating income

−804.45M CNY-139.34%

Net income

−776.05M CNY-270.93%
Income trends across reported periods9.62B CNY5.83B CNY2.04B CNY−1.75B CNYRevenue, FY2021: 8.67B CNYRevenue, FY2022: 7.63B CNYRevenue, FY2023: 7.01B CNYRevenue, FY2024: 8.12B CNYRevenue, FY2025: 7.37B CNYOperating income, FY2021: 2.17B CNYOperating income, FY2022: 628.83M CNYOperating income, FY2023: 709.31M CNYOperating income, FY2024: −336.12M CNYOperating income, FY2025: −804.45M CNYNet income, FY2021: 1.85B CNYNet income, FY2022: 608.19M CNYNet income, FY2023: 804.88M CNYNet income, FY2024: −209.22M CNYNet income, FY2025: −776.05M CNYFY2021FY2022FY2023FY2024FY2025
Revenue FY2021 8.67B CNY. Revenue FY2022 7.63B CNY. Revenue FY2023 7.01B CNY. Revenue FY2024 8.12B CNY. Revenue FY2025 7.37B CNY. Operating income FY2021 2.17B CNY. Operating income FY2022 628.83M CNY. Operating income FY2023 709.31M CNY. Operating income FY2024 −336.12M CNY. Operating income FY2025 −804.45M CNY. Net income FY2021 1.85B CNY. Net income FY2022 608.19M CNY. Net income FY2023 804.88M CNY. Net income FY2024 −209.22M CNY. Net income FY2025 −776.05M CNY.
Metric (CNY)FY2025FY2024FY2023FY2022FY2021
Revenue7.37B CNY8.12B CNY7.01B CNY7.63B CNY8.67B CNY
Cost of goods sold3.83B CNY4.2B CNY3.64B CNY3.6B CNY4.07B CNY
Gross profit3.54B CNY3.92B CNY3.37B CNY4.03B CNY4.6B CNY
Research and development483.09M CNY585.85M CNY658.08M CNY637.35M CNY913.13M CNY
Selling, general, and administrative3.02B CNY3.4B CNY2.88B CNY3.24B CNY4.02B CNY
Operating expenses4.34B CNY4.26B CNY2.66B CNY3.4B CNY2.43B CNY
Interest income166.96M CNY178.32M CNY166.12M CNY160.89M CNY125.35M CNY
Interest expense7.17M CNY8.61M CNY19.47M CNY48.06M CNY63.32M CNY
Depreciation and amortization132.57M CNY187.43M CNY298.02M CNY377.74M CNY409.81M CNY
Operating income−804.45M CNY−336.12M CNY709.31M CNY628.83M CNY2.17B CNY
Net income−776.05M CNY−209.22M CNY804.88M CNY608.19M CNY1.85B CNY

Company facts updated Aug 24, 2026.

0772.HK peers

Tencent Holdings Limited logo

0700.HK

Tencent Holdings Limited

HK$440

-3.72%

Tencent Holdings Limited logo

80700.HK

Tencent Holdings Limited

CN¥377.2

-3.58%

China Mobile Limited logo

0941.HK

China Mobile Limited

HK$82.75

-0.06%

China Telecom Corporation Limited logo

0728.HK

China Telecom Corporation Limited

HK$4.875

-0.20%

Baidu, Inc. logo

9888.HK

Baidu, Inc.

HK$89.35

-4.13%

Baidu, Inc. logo

89888.HK

Baidu, Inc.

CN¥76.50

-4.32%

ETFs holding 0772.HK

Funds reporting this stock among their holdings, ordered by reported position size.

KraneShares CSI China Internet ETF logoKraneShares CSI China Internet ETFKWEB
Market value
41.59M
Weight
0.78%
AUM
5.3B USD
Expense ratio
0.69%
Price / 1D
$26.66-0.11%
Vanguard Total International Stock ETF logoVanguard Total International Stock ETFVXUS
Market value
15.32M
Weight
0.00%
AUM
646.2B USD
Expense ratio
0.05%
Price / 1D
$87.71+0.78%
Vanguard FTSE Emerging Markets ETF logoVanguard FTSE Emerging Markets ETFVWO
Market value
14.94M
Weight
0.01%
AUM
162.3B USD
Expense ratio
0.06%
Price / 1D
$60.45+0.72%
iShares Core MSCI Emerging Markets ETF logoiShares Core MSCI Emerging Markets ETFIEMG
Market value
11.79M
Weight
0.01%
AUM
160B USD
Expense ratio
0.09%
Price / 1D
$81.57+0.64%
Vanguard FTSE All-World ex-US ETF logoVanguard FTSE All-World ex-US ETFVEU
Market value
2.47M
Weight
0.00%
AUM
95.9B USD
Expense ratio
0.04%
Price / 1D
$85.69+0.82%
iShares Core MSCI Total International Stock ETF logoiShares Core MSCI Total International Stock ETFIXUS
Market value
1.62M
Weight
0.00%
AUM
60.91B USD
Expense ratio
0.07%
Price / 1D
$97.945+0.76%
Dimensional - Emerging Markets Core Equity 2 ETF logoDimensional - Emerging Markets Core Equity 2 ETFDFEM
Market value
1.45M
Weight
0.02%
AUM
9.49B USD
Expense ratio
0.39%
Price / 1D
$39.93+0.50%
State Street SPDR Portfolio Emerging Markets ETF logoState Street SPDR Portfolio Emerging Markets ETFSPEM
Market value
1.41M
Weight
0.01%
AUM
17.57B USD
Expense ratio
0.07%
Price / 1D
$52.38+0.61%

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