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Investors Appear Satisfied With China Literature Limited's (HKG:772) Prospects
Express News | China Literature - to Purchase on-Market Shares Not Exceeding 10% of Aggregate Number of Issued Shares as at Date of AGM
China Lit (00772): Shanghai China Lit and Cangqiong Intertainment signed a termination agreement to terminate the intellectual property license agreement.
China Lit (00772) announced that Shanghai China Lit has agreed to grant several adaptation rights for literary works to Cangqiong Huyu.
Guotou Securities: Maintains a "buy" rating on SenseTime-W, completes the "1+X" organizational restructuring.
Guotou Securities released a research report stating to maintain a "buy" rating for SenseTime-W (00020), as generative AI gradually transitions from technology to practical applications, driving growth in commercial order demand. The company is expected to gain a certain market share based on its technical capabilities and customer reputation, thereby boosting performance. It is projected that the company will achieve revenues of 4.521/5.71/7.077 billion in 2024-2026. Benefiting from organizational restructuring, operational efficiency is expected to be enhanced, with a target price of 2.12 Hong Kong dollars. In its announcement on December 4th, the company completed a strategic organizational restructuring, establishing a new "1+X" framework.
[Hong Kong Stock Connect] china lit (00772) has increased the capital of Hongxiu Tianxiang Company to 74 million.
Jingu Caixun | According to Tianyancha App, recently, Peking Red Sleeve Adding Fragrance Technology Development Co., Ltd. has undergone industrial and commercial changes, with registered capital increasing from 46 million RMB to 74 million RMB, an increase of approximately 60.87%. The company was established in March 2006, with Tian Zhiguo as the legal representative, operating in areas such as internet information services, publishing retail, online cultural operations, broadcasting-TV program production operations, and fully owned by China Lit (00772). Public information shows that the Red Sleeve Adding Fragrance brand belongs to China Lit, and is a well-known female literary digital copyright operator.
HK stocks are volatile | China Lit (00772) rose more than 3% in the afternoon, with a high growth in short dramas going overseas. The company will further apply the Chinese IP industry model overseas.
China Lit (00772) rose over 3% in the afternoon, as of the time of writing, up 3.05%, priced at 28.7 HKD, with a trading volume of 67.8108 million HKD.
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