China Literature Group's AI comic drama revenue is expected to exceed 100 million yuan in 2025, with losses widening.

WealthCoffee · 2026-03-17T14:42:42+00:00

Qidian, due to sluggish performance in film and television and online literature businesses, saw 2025 revenue decline 9.3% to 7.366 billion yuan, with net losses expanding to 770 million yuan, primarily due to goodwill impairment from the acquisition of Xinli Media. The company is exploring emerging businesses such as AI comics and web dramas to seek breakthroughs.

WealthCoffee

2026-03-17 14:42:42

Abstract generation in progress

Caixin Tencent’s content platform, Yuewen Group, has fallen into a slowdown in its film, television, and online literature businesses. It is now exploring new tracks such as AI animated dramas and realistic short dramas by leveraging artificial intelligence (AI).

On March 17, after the Hong Kong stock market closed, Yuewen Group (00772.HK) disclosed its 2025 performance. Total revenue was 7.366 billion yuan, down 9.3% year-on-year; net loss was 770 million yuan, an increase of 523%. However, under non-IFRS standards, the company’s net profit attributable to shareholders decreased by 24.8% to 860 million yuan.

The significant difference between the two profit figures stems from goodwill impairment related to New丽 Media, a film and television company acquired by Yuewen Group in 2018. On February 10, Yuewen announced it would recognize an 1.8 billion yuan goodwill impairment for New丽 Media. As a result, it is expected that Yuewen’s net loss for 2025 will be approximately 750 million to 850 million yuan. In 2024, Yuewen already reported a loss due to nearly 1 billion yuan in goodwill impairment related to New丽 Media.

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