The Zhitong Finance App learned that Reading Text Group (00772) rose by more than 13%. As of press release, it had risen 13.13% to HK$22.74, with a turnover of HK$282 million.
According to the news, recently, “Journey to the West”, the first full-length series produced by AIGC in China with no real actors, was officially broadcast on Hunan TV Gold and Mango TV platforms. On the night of the broadcast, the drama's real-time ratings reached 0.34%, with a market share of 1.79%, ranking first in provincial TV ratings during the same period. Also, on September 2, an online feature film creation symposium hosted by the TV Drama Department of the State Administration of Radio and Television was held. The conference called for adhering to technological empowerment and rational use of new technologies such as AI to become creative tools and creative partners to help the industry improve quality and efficiency.
It is worth mentioning that Reading Text Group, as the leading copyright party with a large number of online text IPs, is expected to accelerate the release of commercial value in the AI era. In the first half of this year, the company's new track of skits and AI comics ushered in explosive growth, with related revenue exceeding 430 million yuan, an increase of 2.3 times over the previous year. Guoyuan International believes that it continues to be optimistic about the accelerated commercialization of IP operations under the company's “content+platform+AI” model, and that the “troika” composed of short dramas, AI comics, and IP derivatives has entered the large-scale monetization stage.