On February 14, Hong Kong stocks ushered in the first trading day of the Year of the Dragon. The Hang Seng Technology Index opened sluggishly and once fell by more than 2%. China Literature Group bucked the trend and rose by more than 3%, leading the market. According to the news, the movie "hothot" co-produced by Xinli Films and China Literature Film and Television, a subsidiary of Yuewen Group, has a box office of more than 1.6 billion, temporarily ranking first in the box office of Spring Festival movies.
It is understood that "Hot" mainly tells the story of how the protagonist Le Ying finds herself and learns to love herself. From "staying at home for ten years" to "wanting to win once", the film's story is very emotionally penetrating. Powerful, giving people a warm soothing feeling inside. On the day the film was released, Sony Pictures and Xinli officially announced the overseas distribution cooperation of "Hot and Furious". This is also the first film in mainland China that Sony Pictures has purchased global distribution rights without participating in the production. Earlier, Sony Pictures won the rights to remake the English version of "Hello, Li Huanying". This time, the new work directed by Jia Ling has once again "went overseas" and received global distribution. This is not only an affirmation of the quality of the work, but also an affirmation of the quality of the work in China. The film's influence overseas has once again leapt forward. Hou Xiaonan, the producer of "Hot and Spicy" and CEO and President of China Literature Group, said, "Good stories are a global language. The universal core of loving yourself and being yourself is the basis for "Hot and Spicy" to cross cultures and attract global resonance." Currently, the Douban score of "Hot and Spicy" has risen from 7.8 to 8.0. As the only Spring Festival movie with an increase in Douban score, the film's overall box office performance is promising in the future.
"Hot and Spicy" is not only the second big-screen work directed and starring Jia Ling, but also the second film collaboration between Jia Ling and China Literature Group and its subsidiary Xinli Media. As a cultural industry group deeply engaged in high-quality entertainment content, China Literature Group has performed well during the Spring Festival in recent years.
In 2021, the Spring Festival movie "Hello, Li Huanying" directed by Jia Ling and produced by Xinli Films, a subsidiary of China Literature, became a dark horse and won a box office of 5.413 billion yuan, becoming the Spring Festival box office champion that year. During the same period, the TV series "The Son-in-Law" produced by Xinli Media and China Literature Film and Television broke the record for the fastest popularity of the iQiyi platform to exceed 10,000, and it still maintains the top 2 popularity of the iQiyi platform.
In the Spring Festival of 2022, ", the killer is not so calm", jointly produced by China Literature Group's Xinli Films, China Literature Film and Television, etc., relied on the comedy narrative of a small character with laughter and tears, and the filming rate was counterattacked, and finally scored 26.16 With a box office of 100 million yuan, it ranked second in the Spring Festival box office that year. In addition, " human world ", also produced by Xinli and Yuewen Film and Television, attracted more than 371 million viewers after its first broadcast, setting a new high in ratings for a set of CCTV's prime time slots in the past eight years. Douban scored as high as 8.4 points, making it a well-deserved 's annual drama.
’s continuous hit products confirm China Literature Group’s position as a hit maker in the field of high-quality entertainment content. In 2024, China Literature’s IP and film and television businesses will also usher in a big product cycle. The second season of the TV series " Celebrating More Than Years ", "Da Feng Watchman", "Walking with the Phoenix", "Rose Story", the movies "Under the Stranger", "Customs Front" and other film and television works are expected to be broadcast this year. In particular, the number of reservations for the second season of "Celebrating More Than Years" on the Tencent Video platform has exceeded 11 million, breaking the record for reservations for the platform's works and becoming Tencent Video's most anticipated TV series.
According to the research report of GF Securities, the multiple blockbuster projects laid out by China Literature Group and its subsidiary Xinli in 2024 may bring more performance flexibility. In addition, China Literature plans to acquire Tencent Animation to open up the online comic modification link and its development in the Internet. Based on the new business layout in AI, short drama and other tracks, the company's reasonable value is estimated to be HK$40.09 per share based on SOTP, and the "buy" rating is maintained.
(Source: Finance Network)
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