Core Viewpoint - Cat's Eye Entertainment (01896) has seen a decline of over 2%, with a current price of HKD 6.73 and a trading volume of HKD 33.5 million. The negative sentiment is primarily linked to the performance of the film "Demon Slayer," which has experienced an increase in ticket refund rates and a significant drop in attendance [1][1][1] Group 1: Financial Performance - As of the latest report, "Demon Slayer" has a total box office revenue of RMB 443 million, with a projected final box office of RMB 591 million [1][1] - The refund rate for "Demon Slayer" has increased from 3.2% to 7.6% between November 18 and 21 [1][1] Group 2: Market Sentiment - The negative sentiment surrounding Cat's Eye Entertainment is largely attributed to the performance of "Demon Slayer," which was introduced on November 14 [1][1] - Despite the current challenges, Cat's Eye, as the largest movie ticketing platform, still has potential upward catalysts with upcoming films such as "Zootopia 2" and "Avatar 3" [1][1]

Core Viewpoint - Cat's Eye Entertainment (01896) has experienced a decline of over 2%, with a current price of HKD 6.73 and a trading volume of HKD 33.5 million [1] Group 1: Box Office Performance - The ticket refund rate for "Demon Slayer" has shifted from a downward trend to an increase, rising from 3.2% to 7.6% between November 18 and 21 [1] - The attendance rate for "Demon Slayer" has significantly dropped, with the rate falling below 3% as of November 18 [1] - The total box office for "Demon Slayer" has reached RMB 443 million, with a projected box office of RMB 591 million [1] Group 2: Market Sentiment and Future Prospects - Negative sentiment surrounding Cat's Eye Entertainment is primarily focused on the performance of "Demon Slayer," which was introduced on November 14 [1] - Despite current challenges, Cat's Eye, as the largest movie ticketing platform, still has potential catalysts for growth, including upcoming films like "Zootopia 2" and "Avatar 3" [1]

Group 1 - The core event was the launch of a new animation brand and the introduction of a new business segment "IP derivative business" by Maoyan Entertainment at the Golden Rooster and Hundred Flowers Film Festival [1] - The promotion of the family comedy film "Panda Project 2" featured a physical interactive version of the character Panda Huhu, which was created through a collaboration with Yushu Technology [1] - The appearance of Panda Huhu captured significant attention online, quickly trending across multiple platforms, with social media users expressing a desire for mass production of the character [3] Group 2 - The transition from "viewing anticipation" to "desire to own" indicates a shift in audience expectations, as they seek deeper, more interactive connections with their favorite IP characters [4] - The recent World Robot Conference highlighted the popularity of companion robots, with the plush Panda serving as an emotional companion, reflecting changing consumer preferences [4] - Maoyan Entertainment plans to introduce more diverse IP derivative content to meet consumer demands in the future [4]

Core Insights - Cat Eye Entertainment has launched a new animation brand and IP derivative business, marking a significant expansion into the animation and IP market [1][2] - The promotion of the family comedy film "Panda Project 2" showcased the character "Huhu," which has been transformed from a digital entity into a tangible, interactive product, enhancing audience engagement [1] - The company has initiated mass production of plush toys based on the character "Huhu," aiming to create a deeper emotional connection between audiences and their favorite IP characters [1] Group 1 - The new IP-themed retail brand "MmmGoods" has been officially launched, featuring "Huhu" and other diverse IP derivative content for consumers [2] - Cat Eye plans to leverage "Huhu" as a catalyst to explore and develop more quality IPs, injecting new vitality into cultural tourism and consumer sectors [2]

Group 1 - The core event was the launch of a new animation brand and the introduction of the "IP Derivative Business" by Maoyan Entertainment at the "Universal Interest · Dimension Rebirth" conference during the Xiamen Golden Rooster and Hundred Flowers Film Festival [1] - The promotion of the family comedy film "Panda Project 2" featured the new doll IP "Hardcore Version Huhu," which showcased various movements, enhancing the event atmosphere [1] - A collaboration with Yushu Technology transformed the digital character Huhu into a tangible, interactive "entity panda," allowing the audience to experience the film's charm up close [1] Group 2 - In response to audience enthusiasm, Maoyan Entertainment has initiated mass production of the same model panda, indicating a shift from mere viewing to a desire for ownership of companion consumer products [2] - The launch of the new IP-themed retail brand "MmmGoods" signifies a strategic move to connect beloved IP characters with real-life consumer experiences [2] - Maoyan Entertainment aims to continuously explore, develop, and collaborate on high-quality IPs to inject new vitality into cultural tourism and consumer sectors [2]

Group 1 - The core viewpoint of the article indicates that Maoyan Entertainment (01896.HK) has experienced a decline of over 2% in its stock price, marking a cumulative drop of more than 10% over the past three trading days [1] - As of the time of reporting, the stock price is at 6.85 HKD, with a trading volume of 16.956 million HKD [1]

Core Viewpoint - Cat's Eye Entertainment (01896) has seen its stock price decline over 2%, with a cumulative drop of over 10% in the last three trading days, currently trading at 6.85 HKD with a transaction volume of 16.956 million HKD [1] Group 1: Stock Performance - The stock price of Cat's Eye Entertainment has dropped over 2% recently [1] - Cumulative decline in stock price over the last three trading days exceeds 10% [1] - Current stock price is reported at 6.85 HKD with a trading volume of 16.956 million HKD [1] Group 2: Movie Performance - The animated film "Demon Slayer: Mugen Train" has performed well initially, leveraging its IP fan base [1] - However, after three days of release, the film's box office has shown a significant decline, with projections for the fifth day dropping to around 20 million CNY [1] - The release of the third segment's key for "Demon Slayer" has been noted, with the key valid until November 23, 23:59 [1]

Core Viewpoint - Cat's Eye Entertainment (01896) has experienced a decline of over 2% in its stock price, with a cumulative drop of more than 10% over the past three trading days, indicating a negative market sentiment towards the company [1] Group 1: Stock Performance - As of the latest update, Cat's Eye Entertainment's stock price is reported at 6.85 HKD, with a trading volume of 16.956 million HKD [1] - The stock has seen a significant decline, with a drop of over 2% in the latest trading session [1] Group 2: Market Reaction to Film Releases - The animated film "Demon Slayer: Infinity Castle Chapter 1" has shown initial box office success due to its established fan base, but has experienced a notable decline in ticket sales just three days post-release [1] - The box office forecast for the film on its fifth day is projected to drop to around 20 million RMB, reflecting a rapid decrease in market interest [1] Group 3: Film Release Information - The key for the third segment of the "Demon Slayer" film was released on November 18, with the key valid until November 23 at 23:59 [1] - Previous online reports regarding the film's release date were identified as false information [1]

Group 1 - Hong Kong film and television stocks experienced a decline in the afternoon trading session on November 17 [1] - Maoyan Entertainment (01896.HK) fell over 5%, while Damai Entertainment (01060.HK) dropped more than 4% [1] - Other companies such as Huanxi Media (01003.HK) and Ningmeng Film (09857.HK) also saw declines, with Huanxi Media down nearly 3% [1]

Group 1 - The core viewpoint of the article indicates that Maoyan Entertainment (01896.HK) has experienced a significant decline in its stock price, dropping over 6% in a single day and more than 12% over the past two trading days [1] - As of the time of reporting, the stock price is at 6.91 HKD, reflecting a decrease of 5.73% [1] - The trading volume for the stock reached 54.27 million HKD, indicating active trading despite the price drop [1]