香港交易及結算所有限公司及香港聯合交易所有限公司對本公告之內容概不負責，對其 準確性或完整性亦不發表任何聲明，並明確表示，概不對因本公告全部或任何部分內容 而產生或因倚賴該等內容而引致之任何損失承擔任何責任。 CHINA LITERATURE LIMITED 閱 文 集 團 （於開曼群島註冊成立的有限公司） （股份代號：772） 截至二零二三年十二月三十一日止年度全年業績公告及 根據特別授權發行代價股份 閱文集团董事會謹此宣佈本集團截至二零二三年十二月三十一日止年度的經審核綜合業績。 該等業績已經由核數師根據國際審計準則進行審核，並經審核委員會審閱。 財務表現摘要 | | 二零二三年 | 二零二二年 | 同比變動 | | --- | --- | --- | --- | | | 人民幣千元 | 人民幣千元 | (%) | | 收入 | 7,011,785 | 7,625,622 | -8.0% | | 毛利 | 3,371,463 | 4,030,103 | -16.3% | | 經營盈利 | 709,309 | 628,834 | 12.8% | | 除所得稅前盈利 | 901,397 | 773,820 | ...

交银国际研究 公司更新 互联网 收盘价 目标价 潜在涨幅 2024年2月21日 港元25.45 港元29.00↓ +13.9% 阅文集团 (772 HK) AI 投入及项目递延或致利润承压；2024 年重点 IP 项目储备丰富  下调2023 年收入及利润预期。我们预计阅文集团2023年全年收入为70 个股评级 亿元人民币（下同），同比降8%，主要因在线业务渠道调整，及部分重 中性 点IP项目递延。考虑收入下降，以及AI 人员/算力投入，我们预计全年经 调整净利润11亿元，同比降20% ，对应利润率15%，同比降3个百分点。 1年股价表现  下调2023年在线业务收入8%，重点阅读平台用户数稳中有升。根据点点 数据及QuestMobile数据（图表1-4），免费阅读平台对阅文旗下重点阅读 772 HK 恒生指数 20% 平台用户数影响有限，起点读书/QQ阅读/微信读书MAU/DAU同比仍稳中 10% 有升，流水亦相对持稳。但考虑分发渠道收缩，我们预计2023年在线业 0% -10% 务收入39.8亿元，同比降9%。 -20% -30%  基于部分项目递延，下调2023年IP运营收入预期8%；2024年主 ...

智通财经APP获悉，阅文集团(00772)早盘再涨近6%，截至发稿，涨5.49%，报25港元，成交额3910.08万港元。 消息面上，2024年春节档全国电影票房为80.16亿元，刷新档期票房纪录。贾玲执导并主演的《热辣滚烫》凭借27.18亿票房成为春节档冠军。该片由阅文集团旗下新丽电影、阅文影视共同出品。 此外，2月16日，OpenAI推出其首款文生视频大模型Sora。华福证券指出，IP版权公司积累的IP形态以文字、卡通人物形象等为主，文生视频模型可帮助此类公司迅速产出中短视频，公司业务范围将得到极大扩展，运营效率将发生巨大跃升。考虑到Sora模型的可得性，文生视频的应用会最先在海外落地。 ...

智通财经APP获悉，天风证券发布研究报告称，维持阅文集团(00772)“买入”评级，预测2023E-2025ENon-IFRS净利润分别为10.6/12.6/15.3亿元(前值13.8/16.2/19.4亿元)。该行认为集团作为数字阅读龙头，以在线阅读业务为基石，全面发力IP全产业链条运营。公司2023年业绩短期承压，2024年有望充分受益于内容端供给加速，长期有望依托IP生态链成长为全球顶尖的文化产业集团。 天风证券主要观点如下： FY23前瞻：AI布局及剧目上线推迟或致收入承压 该行预计FY23阅文集团收入为69亿元，yoy-9%;Non-IFRS归母净利润为10.6亿元，yoy-21%，主要系《与凤行》推迟及AI投入的影响。《与凤行》由赵丽颖、林更新主演，系古装小说IP改编而成，将在央视、江苏卫视、腾讯视频首播，目前腾讯视频平台预约人数超470万。2023年7月，阅文发布行业首个大模型“阅文妙笔”以及基于此的应用端产品“作家助手妙笔版”，主要服务于作家创作辅助、运营数据等方面，AI投入或带动作家创作效率提升。 FY24：关注重点剧目、电影情况 该行认为阅文集团2024年或有多部重点剧目值得关注： 1)电 ...

香港交易及結算所有限公司及香港聯合交易所有限公司對本公告之內容概不負責，對其準 確性或完整性亦不發表任何聲明，並明確表示，概不對因本公告全部或任何部分內容而產 生或因倚賴該等內容而引致之任何損失承擔任何責任。 CHINA LITERATURE LIMITED 閱 文 集 團 （於開曼群島註冊成立的有限公司） （股份代號：772） 有關截至二零二二年十二月三十一日止年度 年度報告的 補充公告 茲提述本公司於二零二三年四月十八日刊發的截至二零二二年十二月三十一日止年度的年 度報告（「二零二二年年報」）。除文義另有所指外，本公告所用詞彙與二零二二年年報所界 定者具有相同涵義。 除二零二二年年報所提供的資料外，董事會謹此根據上市規則第十七章提供有關二零二零 年受限制股份單位計劃及二零二一年購股權計劃的進一步資料。 於二零二二年年報日期，根據二零二零年受限制股份單位計劃可供發行的股份總數為 43,669,204股，佔已發行股份的4.30%。 於報告期初及期末，根據二零二零年受限制股份單位計劃的計劃限額可供授出的受限制股 份單位總數分別為40,504,211份及37,008,888份。 ...

Financial Performance - Revenue for the six months ended June 30, 2023, was RMB 3,283,026 thousand, a decrease of 19.7% compared to RMB 4,087,214 thousand in the same period of 2022[5]. - Gross profit for the same period was RMB 1,604,762 thousand, down 25.2% from RMB 2,146,326 thousand year-on-year[5]. - Operating profit increased by 23.8% to RMB 310,948 thousand, compared to RMB 251,209 thousand in the previous year[5]. - Profit before tax rose by 25.0% to RMB 425,589 thousand, up from RMB 340,436 thousand in the prior year[5]. - Net profit for the period was RMB 375,979 thousand, representing a significant increase of 61.9% from RMB 232,276 thousand year-on-year[5]. - Profit attributable to equity holders of the company was RMB 376,680 thousand, a 64.8% increase compared to RMB 228,545 thousand in the same period of 2022[5]. - Non-IFRS profit attributable to equity holders was RMB 603,119 thousand, down 9.4% from RMB 665,995 thousand year-on-year[5]. - Basic earnings per share decreased to RMB 0.37 from RMB 0.60 year-on-year, representing a decline of 38.3%[43]. - The company reported a net profit attributable to equity holders of RMB 376,680,000 for the first half of 2023, an increase of 65.0% from RMB 228,545,000 in the same period of 2022[167]. Market Strategy and Growth - The company is focusing on expanding its market presence and enhancing user engagement through new product offerings and technology advancements[5]. - Future outlook includes strategic initiatives aimed at improving financial performance and market share[5]. - The management is committed to exploring potential mergers and acquisitions to drive growth and innovation[5]. - The company reported significant growth in user numbers and revenue for its reading products, particularly for Qidian Reading, due to collaborative efforts with the government and the publishing industry to combat online literature piracy[7]. - The CEO highlighted that the paid reading model is the most effective incubator for intellectual property (IP), emphasizing the long-term commitment to enhancing the author ecosystem and driving platform growth[8]. - In 2023, the company identified key opportunities in AI technology, which is expected to empower content production and enhance user engagement across various content forms[9]. - The company launched several successful IP content over the past three years, including popular titles such as "Celebrating the Remaining Years," "The Novelist," and "The World of Humanity," contributing to its growth strategy[9]. - The establishment of four major business units aims to strengthen the integration of content and platforms, enhance the success rate of film and television projects, and leverage AI technologies for innovative applications[11]. - The company is focusing on a quality-first strategy, moving away from traditional growth methods, and prioritizing the creation of premium IP[9]. - AI technology will play a crucial role in the company's strategy, particularly in enhancing the efficiency of IP development and translation for global reach[9]. - The company aims to build a multi-modal content platform, integrating various forms of IP to create a comprehensive ecosystem[9]. - The company is optimistic about the future collaboration between human authors and AI, believing it will enhance the storytelling experience[7]. - The company is committed to maintaining strong protections for authors and copyright holders in light of emerging generative AI technologies[7]. User Engagement and Product Development - The number of new authors on the online reading platform increased by approximately 200,000, and the number of new novels added was 350,000, with a total word count exceeding 19.5 billion[13]. - The average subscription count for new works increased by over 120% year-on-year, with the number of works having over 10,000 subscriptions per month rising by over 50%[13]. - The company launched the first large language model in the online literature industry, "Yuewen Miaobi," aimed at enhancing user engagement and content creation[13]. - The overseas reading platform WebNovel offers approximately 3,200 translated Chinese works and around 560,000 local original works as of June 30, 2023[17]. - The company plans to leverage AI technology to enhance user products and streamline business processes, aiming for a transformative impact on the industry[12]. - The company is focused on expanding its IP ecosystem and enhancing the quality of its content offerings across various media, including film, television, and gaming[15]. Financial Position and Cash Flow - Total assets as of June 30, 2023, were RMB 22,374,085 thousand, a slight decrease from RMB 22,734,478 thousand at the end of 2022[113]. - Total liabilities decreased to RMB 3,810,512 thousand from RMB 4,779,756 thousand, reflecting a reduction of 20.3%[114]. - Cash and cash equivalents were RMB 3,359,906 thousand, down from RMB 5,545,766 thousand, indicating a decrease of 39.4%[113]. - The company reported a total comprehensive income of RMB 447,241 thousand for the period, compared to RMB 343,137 thousand in the previous year, an increase of 30.4%[111]. - The company’s equity attributable to owners increased to RMB 18,563,573 thousand from RMB 17,954,722 thousand, reflecting a growth of 3.4%[113]. - For the six months ended June 30, 2023, the operating cash flow generated was RMB 719,577,000, a decrease from RMB 969,592,000 in the same period of 2022, representing a decline of approximately 26%[120]. - The net cash generated from operating activities was RMB 615,638,000, compared to RMB 706,767,000 in the previous year, indicating a decrease of about 13%[120]. - The company incurred a net cash outflow from investing activities of RMB 2,382,543,000, contrasting with a net cash inflow of RMB 106,106,000 in the same period last year[120]. - The financing activities resulted in a net cash outflow of RMB 466,370,000, compared to RMB 674,036,000 in the previous year, showing a reduction in cash outflow by about 31%[121]. Shareholder and Governance Information - The company did not recommend the distribution of an interim dividend for the six months ended June 30, 2023, compared to zero for the same period in 2022[56]. - As of June 30, 2023, the total number of shares issued was 1,018,259,788[59]. - The company’s executive director and president, Mr. Hou Xiaonan, was appointed as the Chief Executive Officer effective May 10, 2023[56]. - The audit committee reviewed the interim results for the six months ended June 30, 2023, and found the risk management and internal control systems to be effective and adequate[56]. - The company’s board of directors has adopted the corporate governance code and complied with all applicable provisions during the reporting period[56]. - Tencent Holdings Limited holds a controlling interest with 577,643,604 shares, representing approximately 56.73% of the company's equity[64]. - The company has adopted a Restricted Share Unit Plan aimed at incentivizing outstanding performance among employees and directors, effective for a period of 10 years since December 23, 2014[66]. Risk Management and Compliance - The company faces various financial risks, including market risk, credit risk, and liquidity risk, which are managed through established policies[136]. - The company has not made any significant changes to its risk management policies as of June 30, 2023[136]. - The company is continuously evaluating the impact of new tax regulations on its financial statements, particularly regarding deferred tax accounting[134]. - The company plans to disclose new tax risks starting December 31, 2023, in line with the recent tax reforms[134].

香港交易及結算所有限公司及香港聯合交易所有限公司對本公告之內容概不負責，對其準 確性或完整性亦不發表任何聲明，並明確表示，概不對因本公告全部或任何部分內容而產 生或因倚賴該等內容而引致之任何損失承擔任何責任。 CHINA LITERATURE LIMITED 閱 文 集 團 （於開曼群島註冊成立的有限公司） （股份代號：772） 截至二零二三年六月三十日止六個月 中期業績公告 閱文集團董事會謹此宣佈本集團截至二零二三年六月三十日止六個月的未經審核綜合業績。 審核委員會連同管理層及核數師已審閱本集團截至二零二三年六月三十日止六個月的未經 審核中期業績。 財務表現摘要 截至六月三十日止六個月 二零二三年 二零二二年 同比變動 人民幣千元 人民幣千元 (%) （未經審核） （未經審核） 收入 3,283,026 4,087,214 (19.7) 毛利 1,604,762 2,146,326 (25.2) ...

1 阅文集团 China Literature Limited (於開曼群島註冊成立的有限公司) 股份代號：772 00 () 起点 t NCM leg 閱文集團 目錄 | --- | --- | |-------|------------------| | | | | 2 | 公司資料 | | 4 | 財務概要 | | 5 | 主席報告 | | 8 | 管理層討論及分析 | | 21 | 董事及高級管理層 | | 28 | 董事會報告 | | 76 | 企業管治報告 | | 102 | 獨立核數師報告 | | 112 | 綜合全面收益表 | | 113 | 綜合財務狀況表 | | 115 | 綜合權益變動表 | | 117 | 綜合現金流量表 | | 119 | 綜合財務報表附註 | | 226 | 釋義 | 年度報告2022 1 閱文集團 公司資料 | --- | --- | |-------------------------------------|------------------------------------------| | | | | 董事會 | 戰略及投資委員會 | | | 程武先生 ...

香港交易及結算所有限公司及香港聯合交易所有限公司對本公告之內容概不負責，對其 準確性或完整性亦不發表任何聲明，並明確表示，概不對因本公告全部或任何部分內容 而產生或因倚賴該等內容而引致之任何損失承擔任何責任。 CHINA LITERATURE LIMITED 閱 文 集 團 （於開曼群島註冊成立的有限公司） （股份代號：772） 截至二零二二年十二月三十一日止年度全年業績公告及 根據特別授權發行代價股份 閱文集团董事會謹此宣佈本集團截至二零二二年十二月三十一日止年度的經審核綜合業績。 該等業績已經由核數師根據國際審計準則進行審核，並經審核委員會審閱。 財務表現摘要 二零二二年 二零二一年 同比變動 人民幣千元 人民幣千元 (%) 收入 7,625,622 8,668,244 (12.0) ...

Financial Performance - Revenue for the first half of 2022 was RMB 4,087,214, a decrease of 5.9% compared to RMB 4,342,146 in the same period of 2021[8]. - Gross profit for the first half of 2022 was RMB 2,146,326, down 6.2% from RMB 2,288,065 in the previous year[8]. - Operating profit decreased by 80.4% to RMB 251,209 from RMB 1,284,000 year-on-year[8]. - Profit before tax fell by 75.1% to RMB 340,436 compared to RMB 1,365,378 in the same period last year[8]. - Net profit for the period was RMB 232,276, a decline of 78.5% from RMB 1,080,950 in the first half of 2021[8]. - Total revenue for the six months ended June 30, 2022, was RMB 4,087.2 million, a decrease of 5.9% compared to RMB 4,342.1 million for the same period in 2021[17]. - Gross profit for the same period was RMB 2,146.3 million, down from RMB 2,288.1 million, reflecting a decline in profitability[17]. - Operating profit for the six months was RMB 251.2 million, significantly lower than RMB 1,284.0 million in the previous year[17]. - The company reported a net profit attributable to equity holders of RMB 228.5 million for the six months ended June 30, 2022, compared to RMB 665.0 million in the previous year[26]. - Basic earnings per share for the six months ended June 30, 2022, was RMB 0.23, down from RMB 1.08 in the same period of 2021[34]. Revenue Breakdown - Online business revenue decreased by 9.2% to RMB 2,307.0 million, accounting for 56.4% of total revenue[20]. - Revenue from self-owned platform products in the online business fell by 6.3% to RMB 1,763.1 million, primarily due to cost optimization measures[20]. - Revenue from third-party platforms in the online business dropped by 35.8% to RMB 196.5 million, mainly due to the termination of partnerships with certain distributors[20]. - Total revenue for the online business segment was RMB 2,307.0 million, with a gross profit margin of 50.3%[27]. - Revenue from copyright operations and others was RMB 1,780.2 million, with a gross profit margin of 55.4%[27]. Cost Management - The company implemented cost control measures, reducing certain marketing expenses to optimize operational efficiency[11]. - Total revenue cost decreased by 5.5% year-over-year to RMB 1,940.9 million, driven by reduced amortization of intangible assets and lower content costs[23]. - Sales and marketing expenses decreased by 17.6% year-over-year to RMB 1,110.5 million, representing 27.2% of total revenue, down from 31.0%[25]. - General and administrative expenses decreased by 12.2% to RMB 557.5 million, accounting for 13.6% of revenue compared to 14.6% in the previous year[26]. User Engagement - The average monthly active users for the company's own platform and Tencent's self-operated channels increased by 13.8% year-over-year to 264.7 million, with Tencent's channel users growing by 22.7% to 144.9 million[22]. - The average monthly paying users decreased by 12.9% year-over-year to 8.1 million, primarily due to an increase in light users attracted by free reading content[22]. - Average revenue per paying user increased by 6.6% year-over-year to RMB 38.8, reflecting improvements in content operations and recommendation efficiency[22]. - The average daily active users for the free reading business increased by 7.7% year-over-year to 14 million[22]. Strategic Initiatives - The company plans to expand its IP development across various forms, including film, animation, and games, to meet diverse cultural demands[16]. - The company launched several new productions in the film and television sector, achieving high ratings and critical acclaim[11]. - The sci-fi genre became the fastest-growing category on the platform, with approximately 20,000 new sci-fi works being incubated[11]. - The company has launched new animated series, achieving significant viewership with 4 billion and 3 billion views for "Starry Change" and "Martial Universe," respectively[13]. Financial Position - The total assets decreased from RMB 23,297.3 million as of December 31, 2021, to RMB 22,775.3 million as of June 30, 2022[36]. - The total liabilities decreased from RMB 6,110.3 million as of December 31, 2021, to RMB 5,144.5 million as of June 30, 2022[36]. - The leverage ratio improved from 6.8% as of December 31, 2021, to 3.4% as of June 30, 2022[36]. - Cash and cash equivalents net amount increased to RMB 6,555.7 million from RMB 5,691.9 million year-on-year[29]. - The company reported a net cash inflow from operating activities of RMB 706,767 thousand, compared to RMB 430,027 thousand for the same period in 2021, representing a 64% increase[86]. Shareholder Information - The board of directors has decided not to recommend an interim dividend for the six months ended June 30, 2022, compared to zero in the previous year[45]. - As of June 30, 2022, the total number of issued shares was 1,023,033,672[49]. - Tencent Holdings Limited holds a controlling interest with 577,643,604 shares, representing 56.46% of the company's equity[52]. - The company has adopted a code of conduct for directors' securities transactions in accordance with the listing rules[42]. Employee Management - As of June 30, 2022, the company had approximately 1,900 full-time employees, primarily located in China, with the majority in Shanghai[39]. - The company has implemented competitive salaries, performance-linked bonuses, and other incentives as part of its employee retention strategy[39]. Compliance and Governance - The company has complied with all applicable provisions of the corporate governance code during the six-month period ending June 30, 2022[41]. - The audit committee, along with the board and auditors, reviewed the company's interim performance for the six months ended June 30, 2022, and found the risk management and internal control systems to be effective and adequate[43].