电视剧上市公司正在从"主投主控"角色中安全撤离。 这并不是说这些上市公司都在退出电视剧业务，而是指上市公司正在减少自己开发的项目，转向对外部项目的投资。而这些投资经常通过在项目过会后垫 款、在平台开始回款后退出的"垫资"模式实现。真正前期开发的风险型资金，则由业内中小公司承担。 据小娱观察，这一现象最早可以追溯到2020年，但从2023年开始，采用这一模式开发的项目越来越多。 以慈文传媒披露的电视剧项目为例，小娱逐条研究了各阶段项目中慈文传媒所处的角色，发现：1）由慈文自己报备并出品的项目的比重已经较低，且集 中在2024年及之前；2）2025年开机的项目中，慈文都是以联合出品或参投的形式出现。 | 序号 | 剧名 | 项目类型 | 題材 | 集数 | 生产进度 | (拟)合作方 / 播出本号 | 拍摄时间 | 角色 | | --- | --- | --- | --- | --- | --- | --- | --- | --- | | 1 | 生而有翼 | 电视剧 | 都市律政 | 30 | 拍摄中 | 爱奇艺 | 2025 | 联合出品 | | 2 | 平等之门 | 电视剧 | 检察法医 | 36 | 后期 ...

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 highlights the continued upward trend of Hong Kong's film stocks, particularly Cat's Eye Entertainment, which saw an initial surge of over 8% and has recorded seven consecutive days of gains [1] - The total box office for the film market as of November 10, 2025, has reached 45.018 billion yuan, with expectations that the annual box office will exceed 50 billion yuan due to the upcoming release of four major films [1] - The four films set to be released include "Zootopia 2," "Now You See Me 3," "Demon Slayer: Infinity Castle Chapter One," and "Avatar: Fire and Ash," all of which are well-known IPs with a solid audience base [1] Group 2 - Citigroup's recent research report has initiated a 30-day positive catalyst observation for Cat's Eye Entertainment, driven by the upcoming release of the major animated film "Demon Slayer," scheduled for November 14, with Cat's Eye serving as its distributor [1] - The stock performance of related companies shows Cat's Eye Entertainment at 7.920 yuan with a 4.90% increase, and other companies like Da Mai Entertainment and IMAX China also showing positive movements [1]

Core Viewpoint - The Hong Kong film stocks continue to rise, with notable increases in companies like Maoyan Entertainment and Damai Entertainment, driven by upcoming film releases and positive market data [1] Group 1: Market Performance - Maoyan Entertainment's stock price surged over 8% in early trading, marking a seven-day consecutive increase [1] - Damai Entertainment, which rose 8.5% yesterday, continued to increase by 2% [1] - Other companies such as Ningmeng Film, Big High Group, and IMAX China also experienced upward movement in their stock prices [1] Group 2: Box Office Data - As of November 10, 2025, the total box office for the film market reached 450.18 billion yuan [1] - There are four upcoming films expected to be released within the next month, which could help the annual box office surpass 500 billion yuan [1] - The four films include "Zootopia 2," "Now You See Me 3," "Demon Slayer: Infinity Castle Chapter One," and "Avatar: Fire and Ash," all of which are well-known IPs with a solid audience base [1] Group 3: Analyst Insights - Citigroup's recent report has initiated a 30-day positive catalyst observation for Maoyan Entertainment, driven by the anticipated release of the animated film "Demon Slayer," scheduled for November 14, with Maoyan as the distributor [1]

Market Capitalization of Hong Kong Listed Film and Entertainment Companies - The market capitalization rankings of 17 Hong Kong listed film and entertainment companies as of October 31, 2025, show that China Literature (00136.HK) leads with a market cap of HKD 454.30 billion, followed by Tencent Music Entertainment (00772.HK) at HKD 426.77 billion [1] - Other notable companies include Alibaba Pictures (01060.HK) with a market cap of HKD 274.86 billion and Giant Interactive (06683.HK) at HKD 78.42 billion [1] Price Performance of Hong Kong Listed Film and Entertainment Companies - The price performance rankings indicate that "Coming Signal" (02306.HK) experienced the highest year-to-date increase of 260.32%, reaching a price of HKD 2.27 [2] - Other significant gainers include Liti Pictures (09958.HK) with a 94.92% increase and Alibaba Pictures (01060.HK) with a 93.68% increase [2] - Conversely, companies like Starry Media (06698.HK) and Happy Media (01003.HK) faced declines of 66.94% and 31.18%, respectively [2]

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: 2025年10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: 檸萌影視傳媒有限公司 呈交日期: 2025年11月3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) | 09857 | 說明 | | | | | | | | | | | 法定/註冊股份數目 | | | 面值 | | | 法定/註冊股本 | | | 上月底結存 | | | 2,000,000,000 | USD | | 0.000025 | USD | | 50,000 | | 增加 / 減少 (-) | | | | | | | USD | | | | 本月底結存 | | | 2,000,000,000 | USD | | 0.000025 | USD | | 50,000 | 本月底法定/註冊 ...

Core Viewpoint - The short drama "Northeast Love Story: Flash Marriage Rose," produced by Xingning Culture under Ningmeng Film and Television, has achieved over 1 billion views, with 300 million views within the first three days of its release, highlighting the project's rapid popularity in a competitive short drama market [1] Group 1: Company Overview - Xingning Culture is a short drama brand under Ningmeng Film and Television, inheriting the group's expertise in long-form content production [1] - The production team applies high standards to script refinement, actor performances, and scene restoration, ensuring quality in short drama creation [1] Group 2: Industry Insights - The success of "Northeast Love Story: Flash Marriage Rose" demonstrates that short dramas can effectively address serious contemporary issues and convey profound humanistic concerns [1] - The project exemplifies a "long-termism" approach, successfully breaking through the quality barriers typically associated with short dramas [1]

Core Viewpoint - The short drama "Northeast Love Story: Flash Marriage Rose," produced by Xingning Culture under Ningmeng Film and Television, has achieved over 1 billion views, with 300 million views within the first three days of its release, highlighting the project's rapid success in a competitive short drama market [1] Company Summary - Xingning Culture, a short drama brand under Ningmeng Film and Television, has successfully applied the high-quality production principles from long-form content to short dramas, demonstrating a commitment to excellence in script refinement, actor performance, and scene restoration [1] - The production team emphasizes a strong sense of era, detailed character portrayal, and profound emotional expression, proving that short dramas can address serious contemporary issues and convey deep cultural concerns [1] Industry Summary - The short drama market is becoming increasingly competitive, yet the success of "Northeast Love Story: Flash Marriage Rose" indicates that high-quality production and genuine emotional storytelling can lead to significant viewer engagement and popularity [1]

Core Viewpoint - The short drama "Northeast Love Story: Flash Marriage Rose," produced by Xingning Culture, a subsidiary of Ningmeng Film and Television, has achieved over 1 billion views, with 300 million views within the first three days of its release, highlighting the project's rapid success in a competitive short drama market [1] Group 1: Company Overview - Xingning Culture is a short drama brand under Ningmeng Film and Television, inheriting the group's expertise in long-form content production [1] - The production team applies high standards to script refinement, actor performances, and scene restoration, ensuring quality in short drama creation [1] Group 2: Industry Insights - The success of "Northeast Love Story: Flash Marriage Rose" demonstrates that short dramas can effectively address serious contemporary issues and convey profound humanistic concerns [1] - The project exemplifies a "long-termism" approach, successfully breaking through the quality barriers typically associated with short dramas [1]

自願公告 業務發展最新情況 本公告乃經檸萌影視傳媒有限公司（「本公司」或「檸萌影視」，連同其附屬公司及並表聯屬 實體統稱「本集團」）自願作出，旨在向本公司股東及潛在投資者更新本集團之最新業務發 展。 香港交易及結算所有限公司及香港聯合交易所有限公司對本公告的內容概不負責，對其 準確性或完整性亦不發表任何聲明，並明確表示，概不對因本公告全部或任何部份內容 而產生或因倚賴該等內容而引致的任何損失承擔任何責任。 Linmon Media Limited 9857 承董事會命 檸萌影視傳媒有限公司 董事長 蘇曉 中國，北京 2025年10月27日 於本公告日期，本公司執行董事為蘇曉先生、陳菲女士及徐曉鷗女士；本公司非執行董 事為王娟女士及張嶸先生；本公司獨立非執行董事為蔣昌建先生、唐松蓮女士及梁寧女 士。 本公司董事會（「董事會」）欣然宣佈，由檸萌影視旗下短劇廠牌星檸文化製作的短劇《東北 愛情往事：閃婚玫瑰》累計播放量突破10億次大關，上線3天播放量即突破3億次。在當前 競爭日趨激烈的短劇市場，該項目的迅速走紅，來源於精良的製作和真摯的情感表達， 以「長期主義」有效實現短劇品質破圈。 作為該項目的製作方，星檸文化是本 ...