Trade China Literature Limited - 0772 CFD

China Literature Company profile

About China Literature Ltd

CHINA LITERATURE LIMITED is a company principally engaged in the operation of online literature platform. The Company’s platform provides online readers with easy access to Company’s vast and diverse content library and enables a greater number of writers to create and publish original literary content online. Additionally, the Company able to extend the monetization lifecycle of Company’s content for our writers through Company’s intellectual property operation by managing and licensing Company’s content for adaptation into other entertainment formats.

Financial summary

BRIEF: For the fiscal year ended 31 December 2021, China Literature Ltd revenues increased 2% to RMB8.67B. Net income totaled RMB1.85B vs. loss of RMB4.48B. Revenues reflect Online reading -on third party platform increase of 88% to RMB651.1M, Online reading -on Tencent products increase of 19% to RMB808.9M. Net Income reflects Impairment loss of goodwill decrease from RMB4.02B (expense) to RMB0K.