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[Brokerage Focus] Guoyuan International focuses on the profitability improvement of the internet plus-related sector, with going abroad and AI still being the main theme.
Jingu Financial News | Guoyuan International stated that overall, due to the slightly lower-than-expected recovery of the domestic economy, it has affected investors' confidence in the Hong Kong stock market. Currently, chinese internet companies are focusing on their main business and cutting unprofitable operations under the current macroeconomic background, ensuring net income by reducing costs and increasing efficiency, continuously optimizing the overall situation. The market generally expects a high probability of a Fed rate cut in September, which is bullish for Hong Kong stocks in terms of liquidity, and on the other hand, the internet sector in Hong Kong stocks that are sensitive to interest rates is expected to generate upward momentum. The bank recommends focusing on Hong Kong internet companies with good liquidity and stable dividends, as well as US internet companies benefiting from the recovery in consumer consumption.
China Lit Group (00772.HK) repurchased 0.2 million shares for a total cost of 5.023 million Hong Kong dollars on September 10th.
China Lit (00772.HK) announced on September 10th that it repurchased 0.2 million shares at a cost of 5.023 million HKD.
China Literature (HKG:772) Is Experiencing Growth In Returns On Capital
CHINA LIT: Interim Report 2024
The web novel IP authorization cooperation of "The King's Avatar" sets a new record, with a GMV of over 32 million yuan in card games.
Sina Technology News, August 27th, China Lit disclosed data that its animation IP "The King's Avatar" has accumulated 32 authorized cooperation projects this year, a growth of 540% compared to the same period last year, setting a new record in web novel IP authorization cooperation. In addition, China Lit also revealed that as of now, the GMV of "The King's Avatar" card game has surpassed 32 million yuan. "The King's Avatar" animation is adapted from the e-sports themed web novel of the same name, written by China Lit's platinum writer, Butterfly Blue. The novel began serializing on Qidian Chinese website in 2011 and concluded in 2014. In the following 10 years, starting with web novels as the origin, "The King's Avatar"
China Lit (00772.HK) spent HKD 3.65 million on August 26th to repurchase 0.15 million shares.
China Lit (00772.HK) announced on August 26th that it repurchased 0.15 million shares at a cost of 3.65 million Hong Kong dollars.
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