HK Stock Market Move | CHINA LIT (00772) rose over 3% as IP operation business performed strongly, with revenue from short plays and AI comics in the first half of the year increasing by 2.3 times year-on-year.

CHINA LIT (00772) rose over 3%, reaching a 3.18% increase at the time of writing, reported at HKD 21.4, with a transaction volume of HKD 43.3002 million. In terms of news, CHINA LIT announced that its revenue in the first half of this year was RMB 3.531 billion, a year-on-year increase of 10.7%; gross profit was RMB 1.792 billion, an increase of 11.15% compared to the previous year. Notably, the companys IP operation business performed strongly, with a year-on-year revenue growth rate of 41.9% during the period. In particular, the new sectors of short dramas and AI comic dramas saw related revenue exceed RMB 430 million in the first half of the year, growing 2.3 times year-on-year. Among them, the hit rate of short dramas reached four times the market average; 46 AI comic dramas have already surpassed 100 million views. The IP derivative products business also showed strong growth, with gross merchandise volume (GMV) reaching RMB 780 million in the first half of the year, a year-on-year increase of over 60%.