股份發行人及根據《上市規則》第十九B章上市的香港預託證券發行人的證券變動月報表 | 截至月份: | 2026年1月31日 | | | | 狀態: 新提交 | | --- | --- | --- | --- | --- | --- | | 致：香港交易及結算所有限公司 | | | | | | | 公司名稱: | 貓眼娛樂 | | | | | | 呈交日期: | 2026年2月5日 | | | | | | I. 法定/註冊股本變動 | | | | | | | 1. 股份分類 | 普通股 | 股份類別 | 不適用 | 於香港聯交所上市 (註1) | 是 | | 證券代號 (如上市) | 01896 | 說明 | | | | 本月底法定/註冊股本總額： USD 50,000 FF301 第 1 頁 共 10 頁 v 1.2.0 法定/註冊股份數目 面值 法定/註冊股本 上月底結存 2,500,000,000 USD 0.00002 USD 50,000 FF301 II. 已發行股份及/或庫存股份變動及足夠公眾持股量的確認 | 1. 股份分類 | 普通股 | 股份類別 | 不適用 | | 於香港聯交所上市 (註1) ...

2026.02. 04 本文字数：1235，阅读时长大约2.5分钟 作者 | 第一财经 揭书宜 封图 | 第一财经 任玉明 摄影 2026年的春节假期有9天，"最长春节档"即将来临。 2月4日，灯塔专业版显示，目前已有7部影片定档春节期间。其中有6部均在大年初一上映。分别是《飞驰人生3》《熊出没·年年有熊》《镖人：风起 大漠》《惊蛰无声》《星河入梦》和《熊猫计划之部落奇遇记》。此外还有一部电影纪录片《重返狼群》将在大年初三重映。 多家上市公司参与了春节档电影的出品发行。 备受关注的《飞驰人生3》背后的出品发行方包括猫眼娱乐(01896.HK)、博纳影业(001330.SZ)、中国电影(600977.SH)、万达电影(002739.SZ)、 横店影视(603103.SH)。 作为《飞驰人生》系列的续作，《飞驰人生3》已经积累了一定IP知名度。此前《飞驰人生》《飞驰人生2》分别斩获17.28亿元、33.61亿元票房。 《惊蛰无声》由张艺谋导演，易烊千玺、朱一龙、宋佳、杨幂等演员参演。大麦娱乐主投，中国电影、万达电影等参投。《镖人：风起大漠》的背后， 大麦娱乐、华夏电影、中国电影等参投。《星河入梦》则由中国电影、横 ...

Group 1 - Disney leads the global box office rankings for 2025 with $6.58 billion, marking its highest annual box office since 2019 [1] - Animation films emerged as a significant highlight in 2025, with 57 films contributing over 25 billion yuan to the box office [1][2] - The total number of moviegoers in 2025 reached a 10-year high, driven by the success of animation films [1] Group 2 - The trend of "short-term box office + long-term derivatives" is maximizing the commercial value of intellectual property (IP) [3] - The supply of imported films is abundant, becoming a crucial offering for summer and New Year periods [4] - Anticipation for the 2026 Spring Festival includes high-grossing IP sequels such as "Fast and Furious 3" and "Boonie Bears 12," with strong cast and past performance expectations [4] Group 3 - The film box office impacts related Hong Kong stocks include Maoyan Entertainment (01896), Damai Entertainment (01060), and IMAX China (01970) [5]

Group 1 - Disney leads the global box office rankings for 2025 with $6.58 billion, marking its highest annual box office since 2019 [1] - The animation film sector is highlighted as a significant contributor, with 57 films generating over 25 billion yuan in box office revenue, accounting for nearly half of the total market [1] - The total number of moviegoers in 2025 reached a 10-year high, driven by the success of animated films [1] Group 2 - The report from CITIC Securities identifies three major industry trends for 2025, with a positive outlook for the 2026 Spring Festival box office, including sequels to high-grossing IPs [2] - Anticipation for the performance of imported films in 2026 is strong, with notable franchises like "Avengers," "Spider-Man," and "Toy Story" expected to be introduced to the domestic market [2] - The supply of imported films was robust in 2025, and the outlook for 2026 remains optimistic due to a rich reserve of Hollywood films [2] Group 3 - The box office performance of animated films is notable, with four out of the top ten films in 2025 being animated, including two record-breaking titles [3] - There is a growing trend towards maximizing IP commercial value through a combination of short-term box office success and long-term derivative opportunities [3] - The supply of imported films has become a significant factor for the summer and New Year box office seasons [3]

Core Viewpoint - The 2026 Spring Festival holiday is expected to be the longest in history, leading to a significant Spring Festival box office period, which is traditionally a peak time for major film releases in China [2][3]. Group 1: Upcoming Films - Multiple films have been scheduled for release during the Spring Festival period, including "Fast and Furious 3," which is backed by several listed companies such as Maoyan Entertainment, Bona Film Group, China Film, Wanda Film, and Hengdian Film [5]. - "Fast and Furious 3" has a notable IP recognition, with its predecessors grossing 1.728 billion yuan and 3.361 billion yuan at the box office, indicating a solid fan base [5]. - The animated film "Boonie Bears: Year of the Bear" is also set for release, continuing the successful "Boonie Bears" franchise, which has produced 11 films and has a stable audience [5]. Group 2: Market Expectations - Other films like "Biao Ren: Wind Rises in the Desert," "Silent Awakening," "Panda Project 2," and "Penghu Sea Battle" are also anticipated for the 2026 Spring Festival [6]. - According to a report by Everbright Securities, the public's interest in the Spring Festival box office is increasing, although the overall heat for the 2026 Spring Festival may not reach the levels of 2025 [6]. - The Chinese Film Association's Vice Chairman, Yin Hong, emphasized that the Spring Festival remains a crucial period for Chinese cinema, as family activities during the holiday drive strong audience demand for films [6][7]. Group 3: Box Office Potential - The success of the Spring Festival box office is contingent on the satisfaction level of the films released, with a target of achieving over 70% satisfaction to potentially produce two to three blockbuster hits [6][7]. - The Spring Festival box office serves as a significant indicator for the entire year's film market, setting expectations for audiences and influencing overall box office performance [7].

Group 1 - The 2026 Spring Festival film market is highly competitive, with major film companies vying for dominance, marking a critical period for the Chinese film industry following the record set by "Ne Zha" in 2025 [1][3] - "Flying Life 3," set to release on February 17, 2026, is a key title among several anticipated films, with its predecessors grossing 1.728 billion and 3.361 billion yuan, establishing a strong audience base [1][2] - The trend of IP sequels is becoming a primary focus for listed companies, as successful IPs can reduce investment risks and leverage emotional connections to drive revenue [1][3] Group 2 - Other notable films for the Spring Festival include "Boonie Bears: Year of the Bear," "Biao Ren: Wind Rises in the Desert," and "Panda Plan 2," with "Boonie Bears" having grossed 8.102 billion yuan across 11 films, highlighting the value of animated IPs [2][3] - Analysts suggest that the extended duration of the Spring Festival, being the longest in history, presents both opportunities and challenges, as it allows for better audience engagement but intensifies competition for screen time [2][3] - The competition is shifting from a focus on sheer viewership to a dual emphasis on quality and IP strength, with only films that achieve strong early reviews likely to succeed in capturing box office revenue [3]

Group 1 - The entertainment stocks experienced an afternoon rise, with DaMai Entertainment (01060) increasing by 4.65% to HKD 0.90 [2] - Another notable performer, Maoyan Entertainment (01896), saw a rise of 3.58%, reaching HKD 7.24 [2]

Core Viewpoint - The entertainment stocks are experiencing an upward trend, with significant gains observed in companies like Damai Entertainment and Maoyan Entertainment, driven by a strong box office performance and upcoming film releases [1] Group 1: Stock Performance - Damai Entertainment (01060) has increased by 6.98%, trading at 0.92 HKD [1] - Maoyan Entertainment (01896) has risen by 4.29%, trading at 7.29 HKD [1] Group 2: Box Office Performance - As of January 9, 2026, the total box office (including pre-sales) has surpassed 1 billion HKD [1] - Recent film releases across various genres, including comedy, action, suspense, and romance, have contributed to a diverse viewing experience for audiences [1] Group 3: Upcoming Film Releases - The anticipation for the Spring Festival film lineup is increasing, particularly with the early announcement of "Fast Life 3" [1] - The film "Boonie Bears: Year of the Bear" is confirmed for release, along with several other highly anticipated titles such as "Panda Project 2," "Penghu Sea Battle," and "The Women's Football Team" [1] - Although the overall heat for the 2026 Spring Festival box office may not reach the levels of 2025, the presence of marketable directors and star-studded casts provides a level of assurance for box office performance [1]

Core Viewpoint - The entertainment stocks have seen an upward trend, with significant gains for companies like Damai Entertainment and Maoyan Entertainment, driven by a strong box office performance and upcoming film releases [1] Group 1: Stock Performance - Damai Entertainment (01060) increased by 6.98%, reaching HKD 0.92 [1] - Maoyan Entertainment (01896) rose by 4.29%, reaching HKD 7.29 [1] Group 2: Box Office Performance - As of January 9, 2026, the total box office (including pre-sales) has surpassed 1 billion [1] - Recent film releases across various genres, including comedy, action, suspense, and romance, have contributed to a diverse viewing experience for audiences [1] Group 3: Upcoming Film Releases - The anticipation for the Spring Festival film season is increasing, particularly with the early announcement of "Fast Life 3" [1] - "Boon Year" is confirmed to have the highest certainty of release, along with several other highly anticipated films expected to compete in the Spring Festival box office [1] - The overall heat of the 2026 Spring Festival box office may not reach the levels of 2025, but the presence of marketable directors and star-studded casts provides a level of assurance for box office performance [1]

Group 1 - The Hong Kong film stocks have generally risen, with Ningmeng Media leading with a nearly 5% increase, followed by Big High Group and Damai Entertainment with over 4%, and Maoyan Entertainment up by 3.6% [1] - The Chinese film market has started strong in 2026, with the annual box office surpassing 1 billion yuan within just 10 days, representing a growth of over 10% compared to the same period last year [1] - The box office success is attributed to a rich supply of creative content, with a variety of new films being released, including suspense, realistic themes, classic IPs, and family-friendly genres [1] Group 2 - The 1 billion yuan box office achievement is not due to a single blockbuster but rather multiple films performing well simultaneously [1] - The cinema experience has evolved beyond just film screening, often linking to a broader consumer chain, indicating a vibrant and potential-rich Chinese consumer market [1] - The strong start in the film industry serves as a clear signal of the accelerating momentum towards the future of the Chinese market in 2026 [1]