CICC: Maintains OUTPERFORM rating on China Literature (00772.HK), target price HK$29, bullish on the "IP+AI" strategic layout.

Zhitong Finance APP has learned that CICC issued a research report stating that it maintains China Literature Limited (00772.HK) with an "Outperform" rating and a target price of HK$29, corresponding to Non-IFRS P/E ratios of 30x and 19x for 2026 and 2027 respectively, implying 31.5% upside from the current share price. The bank maintains its Non-IFRS net profit attributable to shareholders forecasts for 2026 and 2027 at RMB 850 million and RMB 1.311 billion respectively. Recently, investor attention to AI film and television has increased. The company held the 2026 China Literature Creation Conference in Hangzhou on October 16. CEO Hou Xiaonan stated that China Literature plans to deepen its "IP+AI" strategic layout, focusing on an AI premium video matrix, the OPC one-stop platform, and full-chain IP operations.