🔴 China Literature is trading 4% down today after first-half net profit plunged 84.1%

China Literature is trading 4% down now at HK$20.62 after investors continued weighing its August 11 first-half results.

• Revenue increased 10.7% to RMB3.53 billion, but net profit attributable to shareholders plunged 84.1% to RMB135 million.
• Adjusted profit fell 49% to RMB259 million.
• No new August 18 company announcement or market-wide catalyst was identified; the decline appears tied mainly to ongoing earnings concerns.