China Literature's Profit Likely to Be Lower Than Expected This Year -- Market Talk

Dow Jones06-04

0414 GMT - China Literature's profit is likely to be lower than previously expected this year, according to Citi analysts in a research note. It is mainly due to taxation matters as the company paying a supplementary payment of CNY300 million in enterprise income tax and late payment surcharges for 2020 to 2022, they note. The payment will be recorded in 2026's financials, they add. "We expect this one-off impact will lead consensus to be revised down, while the matter will not materially impact company normal operations," they note. Citi continues to see the company as a "key beneficiary" of AI technology in unlocking its IP value through short dramas and AI dramas. Citi keep a buy rating, with a target price of HK$37.00. Shares last traded at HK$22.70. (tracy.qu@wsj.com)

(END) Dow Jones Newswires

June 04, 2026 00:14 ET (04:14 GMT)

At the request of the copyright holder, you need to log in to view this content

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Comments

We need your insight to fill this gap

Leave a comment

{"i18n":{"language":"en_US"},"isChannel":false,"data":{"share":"https://ttm.financial/m/news/2640324131?lang=en_US&edition=fundamental","thumbnail":"","is_english":true,"pubTime":"2026-06-04 12:14","share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","id":"2640324131","market":"us","top_or_hot":-1,"title":"China Literature's Profit Likely to Be Lower Than Expected This Year -- Market Talk","media":"Dow Jones","content":"<font class=\"NormalMinus1\" face=\"Arial\">\n<p>\n     0414 GMT - <a href=\"https://laohu8.com/S/CHLLF\">China Literature</a>'s profit is likely to be lower than previously expected this year, according to Citi analysts in a research note. It is mainly due to taxation matters as the company paying a supplementary payment of CNY300 million in enterprise income tax and late payment surcharges for 2020 to 2022, they note. The payment will be recorded in 2026's financials, they add. \"We expect this one-off impact will lead consensus to be revised down, while the matter will not materially impact company normal operations,\" they note. Citi continues to see the company as a \"key beneficiary\" of AI technology in unlocking its IP value through short dramas and AI dramas. Citi keep a buy rating, with a target price of HK$37.00. Shares last traded at HK$22.70. (tracy.qu@wsj.com) \n</p>\n<pre style=\"white-space: pre\">\n \n</pre>\n<p>\n  (END) Dow Jones Newswires\n</p>\n<p>\n  June 04, 2026 00:14 ET (04:14 GMT)\n</p>\n<p>\n  Copyright (c) 2026 Dow Jones &amp; Company, Inc.\n</p>\n</font>","source":null,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>China Literature's Profit Likely to Be Lower Than Expected This Year -- Market Talk</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nChina Literature's Profit Likely to Be Lower Than Expected This Year -- Market Talk\n</h2>\n\n<h4 class=\"meta\">\n\n\n<div class=\"head\" \">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Dow Jones </p>\n<p class=\"h-time\">2026-06-04 12:14</p>\n</div>\n\n</div>\n\n\n</h4>\n\n</header>\n<article>\n<font class=\"NormalMinus1\" face=\"Arial\">\n<p>\n     0414 GMT - <a href=\"https://laohu8.com/S/CHLLF\">China Literature</a>'s profit is likely to be lower than previously expected this year, according to Citi analysts in a research note. It is mainly due to taxation matters as the company paying a supplementary payment of CNY300 million in enterprise income tax and late payment surcharges for 2020 to 2022, they note. The payment will be recorded in 2026's financials, they add. \"We expect this one-off impact will lead consensus to be revised down, while the matter will not materially impact company normal operations,\" they note. Citi continues to see the company as a \"key beneficiary\" of AI technology in unlocking its IP value through short dramas and AI dramas. Citi keep a buy rating, with a target price of HK$37.00. Shares last traded at HK$22.70. (tracy.qu@wsj.com) \n</p>\n<pre style=\"white-space: pre\">\n \n</pre>\n<p>\n  (END) Dow Jones Newswires\n</p>\n<p>\n  June 04, 2026 00:14 ET (04:14 GMT)\n</p>\n<p>\n  Copyright (c) 2026 Dow Jones &amp; Company, Inc.\n</p>\n</font>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"BK1130","symbol_name":"出版","start_time":0,"source_url":"https://dowjonesnews.com/newdjn/logon.aspx?AL=N","article_id":"2640324131","we_media_id":"106","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2640324131","pubTimestamp":1780546440,"columns":[],"sourceInfo":null,"weMediaInfo":{"media_name":"Dow Jones","introduction":"Dow Jones publishes the world’s most trusted business news and financial information in a variety of media.","home_visible":0,"id":"106","head_image":"https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99"},"summary":"0414 GMT - China Literature's profit is likely to be lower than previously expected this year, according to Citi analysts in a research note. It is mainly due to taxation matters as the company paying a supplementary payment of CNY300 million in enterprise income tax and late payment surcharges for 2020 to 2022, they note. The payment will be recorded in 2026's financials, they add. \"We expect this one-off impact will lead consensus to be revised down, while the matter will not materially impact company normal operations,\" they note. Citi continues to see the company as a \"key beneficiary\" of AI technology in unlocking its IP value through short dramas and AI dramas. Citi keep a buy rating, with a target price of HK$37.00. Shares last traded at HK$22.70. ","collect":0,"end_time":0,"defaultTopTitle":"","property":[],"viewcount":null,"language":"en","relate_stocks":{"BK1130":"出版","00772":"阅文集团","BK1589":"北水核心资产","BK1516":"腾讯概念"},"translate_title":"阅文集团今年利润可能低于预期——市场讨论","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"00772":0.9},"content_text":"0414 GMT - China Literature's profit is likely to be lower than previously expected this year, according to Citi analysts in a research note. It is mainly due to taxation matters as the company paying a supplementary payment of CNY300 million in enterprise income tax and late payment surcharges for 2020 to 2022, they note. The payment will be recorded in 2026's financials, they add. \"We expect this one-off impact will lead consensus to be revised down, while the matter will not materially impact company normal operations,\" they note. Citi continues to see the company as a \"key beneficiary\" of AI technology in unlocking its IP value through short dramas and AI dramas. Citi keep a buy rating, with a target price of HK$37.00. Shares last traded at HK$22.70. (tracy.qu@wsj.com) \n\n\n \n\n\n  (END) Dow Jones Newswires\n\n\n  June 04, 2026 00:14 ET (04:14 GMT)\n\n\n  Copyright (c) 2026 Dow Jones & Company, Inc.","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"-1","news_tag":"","news_rank":0,"isVideo":false,"video":null,"symbols":[],"gpt_button":0,"need_auth":true,"need_login_tip":false,"code":"91000000","status":"200"},"commentList":[],"isCommentEnd":true,"newsSizeData":{"likeSize":0,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"tenantId":"TBGLOBAL","deviceId":"web-server-community-laohu8-v3","version":"4.43.1","shortVersion":"4.43.1","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/2640324131","isCrawlerRequest":true}