China Literature once fell over 8%, with last year's IFRS loss expectation expanding to a maximum of 850 million RMB
China Literature Group (00772.HK) opened down 3.99% today, hitting a low of 40.08 yuan, with a decline of over 8%. It is currently reported at 40.26 yuan, down 7.62%, with a trading volume of 9.1039 million shares, involving 377 million yuan.
China Literature issued a profit warning, expecting to record a loss of between 750 million to 850 million yuan under International Financial Reporting Standards (IFRS) for the full year ending last year, an increase from the IFRS loss of 209 million yuan in 2024, mainly due to goodwill impairment from New Classics Media
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