"Joy of Life" and other online novel adaptations are popular, and China Literature's total revenue in 2019 reached 8.35 billion

Today (March 17), China's online literature giant "China Literature Group" released its 2019 performance report. It is reported that China Literature Group's total revenue in 2019 was 8.35 billion yuan, a year-on-year increase of 65.7%; gross profit was 3.69 billion yuan, a year-on-year increase of 44.3%. Net profit was 1.11 billion yuan, a year-on-year increase of 21.9%, higher than previous market expectations.

In this performance report, Yuewen specifically mentioned their copyright IP operations. It is reported that in 2019, about 160 online literature IP works were authorized and adapted in the form of movies, TV series, online dramas, games, etc., including phenomenal works such as "Celebrating Yu Nian".

It is reported that in 2019, China Literature Group's online business revenue was 3.71 billion yuan, while copyright operation revenue surged 341% year-on-year to 4.42 billion yuan, exceeding its online business revenue.

China Literature's complete performance report :