CHINA LIT (00772) announced its annual results for the period ending December 31, 2025. The company reported revenue of approximately 7.37 billion yuan, with a gross profit of about 3.40 billion yuan. The loss attributable to equity holders of the company was approximately 776 million yuan. However, non-IFRS profit attributable to equity holders was about 858 million yuan. The basic loss per share was 0.76 yuan.
In 2025, the company's high-quality content ecosystem continued to demonstrate strong vitality. For the first time, two blockbuster works each achieved over 300,000 average subscriptions, underscoring the powerful appeal of premium content. In its IP operations business, leveraging its deep IP reserves, the company actively embraced new production methods and cutting-edge technologies, achieving remarkable results. It not only maintained its leading position in traditional strongholds such as film, television, and animation but also made pioneering strides in rapidly emerging areas like short-form dramas and AI-generated comic series.
The company's strategy of producing high-quality short-form dramas proved highly effective, resulting in frequent hits. The AI-generated comic series business had a breakthrough start; since its launch in the second half of 2025, the company has released nearly a thousand AI comic series. Over one hundred of these series surpassed ten million views, with twelve exceeding one hundred million views. Revenue from this segment surpassed the 100 million yuan mark in the latter half of the year.
Concurrently, the company's IP derivative business sustained rapid growth, with full-year GMV successfully exceeding 1.1 billion yuan, more than doubling the 2024 figure and reaching a record high.
The company's online reading ecosystem for premium content maintained strong momentum. In 2025, the platform attracted 400,000 new writers, leading to the creation of over 800,000 new novels and the addition of 42 billion words of new content, providing a continuous stream of fresh material. On its flagship platform, the Qidian Reading APP, the number of works exceeding 100,000 average subscriptions increased by 40% year-on-year. The platform also saw its first two blockbuster works surpass 300,000 average subscriptions, marking a significant leap in top-tier creative capability. Writers from the newer generation demonstrated impressive commercial potential, with post-95s writers accounting for 70% of newly signed authors. The number of post-00s writers earning over one million yuan annually surged by 150%, injecting strong momentum into the future IP pipeline. The company's community also became more active, with works garnering over 100,000 collections increasing by 80% and works receiving over 10,000 monthly votes growing by 20% in 2025.
In 2025, CHINA LIT maintained excellent performance in its traditional strongholds of film, television, and animation, with its IPs dominating major charts. More importantly, in new arenas such as short-form dramas and AI comic series, the company utilized its substantial IP reserves to actively adopt new production methods and technologies, achieving significant progress and accumulating valuable experience for building a future "IP + AI" creative ecosystem.