China Literature Anticipates Net Loss Between 750 Million and 850 Million Yuan for 2025 Fiscal Year

Deep News02-10

China Literature Group announced in Hong Kong that the group expects to record an IFRS net loss attributable to equity holders of approximately RMB 750 million to RMB 850 million for the 2025 fiscal year. This compares to an IFRS net loss attributable to equity holders of RMB 209 million recorded for the 2025 fiscal year. The primary reason for the expected loss is an impairment of goodwill arising from the 2018 acquisition of New Classics Media. The goodwill impairment expense is non-cash in nature and is therefore not expected to impact the group's cash flow. This expense is also not included in the group's non-IFRS financial measures.

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