Core Viewpoint - The film "Volunteer Army: Blood and Peace" has been released nationwide, completing the trilogy that depicts the Korean War, highlighting the sacrifices made by the Chinese People's Volunteer Army for peace and national dignity [1][3][8]. Group 1: Film Overview - "Volunteer Army: Blood and Peace" is the final installment of the trilogy, showcasing the entire process of the Korean War and the eventual peace negotiations [1][5]. - The film employs a dual narrative of "fighting while negotiating," illustrating the simultaneous military actions and diplomatic efforts during the war [5][8]. - The trilogy has received positive reviews, with the first film becoming the box office champion during the 2023 National Day holiday [8][9]. Group 2: Character and Story Development - The film features a range of characters, each with their own backstories and motivations, culminating in their shared goal of achieving peace [6][7]. - Key characters include Li Xiao, who learns the importance of peace through her work with the negotiation team, and Zhao Annan, who sacrifices himself while delivering supplies [6][7]. - The portrayal of historical figures like Huang Jiguang emphasizes the human aspect of the war, showcasing their dreams and sacrifices [7]. Group 3: Audience Engagement and Cultural Impact - The film has resonated deeply with audiences, with many emotional responses observed during screenings, including veterans recalling their experiences [9]. - The trilogy has become a cultural touchstone during the National Day celebrations, with families making it a tradition to watch the films together [9]. - The film's release has sparked discussions about the importance of remembering the sacrifices of the past and the need for future generations to uphold peace [9].

Core Insights - The 2025 National Day film market is showing strong pre-sale performance, with total pre-sale box office exceeding 1 billion yuan as of September 29, 2025 [2] - The diversity in film genres and themes is notable, catering to various audience preferences, including high-budget blockbusters and comedies [2][3] - Listed companies are playing a significant role in this year's National Day film lineup, with major titles expected to perform well [4][5] Group 1: Film Market Performance - The pre-sale box office for the National Day films has surpassed 1 billion yuan, with top films including "The Sound of Thunder," "Assassination of the Novelist 2," and "The Volunteer Army: Blood and Peace" [2] - The film industry is experiencing a resurgence in consumer interest, driven by strong summer box office results, which are expected to carry over into the National Day period [6] - The total box office for the year is approaching 42 billion yuan, with projections for the National Day box office to exceed 2 billion yuan [6] Group 2: Industry Trends - The trend of sequels, series, and IP-based films is becoming mainstream, with films like "The Volunteer Army: Blood and Peace" and "Assassination of the Novelist 2" exemplifying this shift [3][5] - Companies are increasingly focusing on cross-industry collaborations based on IP, exploring new consumption models and expanding the influence of films [7] - The development of related IP products and experiences is being prioritized, with companies aiming to enhance audience engagement beyond the cinema [7]

Core Points - The 9th Pingyao International Film Festival awarded Kim Dong-ho, founder of the Busan International Film Festival, the "Honor for Overseas Contribution to Chinese Cinema" [1] - Chinese films achieved significant recognition in 2025, with awards from the three major European film festivals: Best Director at the Berlin International Film Festival for "The Land of Living" by Huo Meng, Special Prize at the Cannes Film Festival for "Wild Times" by Bi Gan, and Best Actress at the Venice Film Festival for "The Sun Hanging in the Sky" by Cai Shangjun [3] - The festival also recognized several films and directors, including "Sunset Red" by Miao Zhuangzhuang, which won the newly established "Asia-Pacific Film Promotion Award - Best Debut" [3][5] Awards and Honors - Kim Dong-ho received the "Honor for Overseas Contribution to Chinese Cinema" at the festival [1] - Huo Meng, Bi Gan, and Cai Shangjun were awarded "Annual Filmmaker Honors" for their contributions to cinema [3] - "Deep Silence," directed by Taiwanese filmmaker Shen Keshang, won the "Fei Mu Honor - Best Film" [5] Notable Films and Directors - "The Land of Living" by Huo Meng won Best Director at the Berlin International Film Festival [3] - "Wild Times" by Bi Gan received a Special Prize at the Cannes International Film Festival [3] - "The Sun Hanging in the Sky" by Cai Shangjun won Best Actress at the Venice International Film Festival [3] - "Sunset Red" by Miao Zhuangzhuang won the "Asia-Pacific Film Promotion Award - Best Debut" [3][5] - "The World's Master" by Korean director Yoon Ga-eun received the "Roberto Rossellini Honor - Jury Honor" [5]

Core Viewpoint - China Film Industry Group Co., Ltd. has shown fluctuations in stock performance, with a year-to-date increase of 31.87% but a recent decline of 9.66% over the past five trading days [1] Group 1: Stock Performance - As of September 29, the stock price of China Film was 15.25 CNY per share, with a market capitalization of 28.472 billion CNY [1] - The stock has experienced a trading volume of 282 million CNY and a turnover rate of 0.99% [1] - Year-to-date, the stock has risen by 31.87%, but it has decreased by 9.66% in the last five trading days [1] Group 2: Financial Metrics - For the first half of 2025, China Film reported a revenue of 1.717 billion CNY, a year-on-year decrease of 19.10%, and a net profit attributable to shareholders of -110 million CNY, a decrease of 154.04% [2] - The company has distributed a total of 2.418 billion CNY in dividends since its A-share listing, with 218 million CNY distributed in the last three years [3] Group 3: Shareholder Information - As of June 30, 2025, the number of shareholders was 73,000, a decrease of 3.77% from the previous period [2] - The top ten circulating shareholders include Southern CSI 500 ETF, holding 11.0617 million shares, an increase of 1.2867 million shares from the previous period [3]

Core Insights - The 2025 National Day holiday film market is showing strong pre-sale performance with over 68 million yuan in pre-sale box office as of September 28, 2023, with nine new films participating [1] - The diversity of film genres, including fantasy, action, war, and drama, caters to various audience preferences, enhancing the potential for box office growth during the extended eight-day holiday period [1][4] - The presence of listed companies in film production and local government incentives are stimulating industry vitality and investment [1][4] Film Performance - The crime film "Thunderous" leads the pre-sale box office, while "Assassination of the Novelist 2" emphasizes visual experience with over 700 IMAX screenings on its opening day [2] - Audience demographics show that "Volunteers: Blood and Peace" attracts a significant older audience, while "Wandering Life" appeals to younger viewers in first-tier cities [2][3] - The trend of sequels and IP development is evident, with "Volunteers: Blood and Peace" being the concluding part of a trilogy and "Assassination of the Novelist 2" as a follow-up to a successful commercial film [3] Market Trends - More than ten films are scheduled for the National Day holiday, with notable participation from listed companies such as Huace Film & TV and Maoyan Entertainment [3] - Analysts indicate that the pre-sale performance reflects a stable market heat, with a focus on film diversity and content depth, suggesting a positive outlook for box office performance [3] - Various regions have introduced film incentive policies to support script development, distribution, and talent cultivation, further enhancing industry investment and innovation [4]

Core Insights - The total box office for the "2025 National Day Holiday New Film Box Office List" has exceeded 700 million yuan as of September 28, with the film "Thunderous" leading with a pre-sale box office of 206.6 million yuan [1] - The diversity in film genres and overall quality remains strong, catering to various audience preferences [1] - The National Day holiday box office is expected to reach 2.4 billion yuan, supported by historical narrative themes and an extended consumption window due to the holiday [1] Film Performance - Eleven new films are scheduled for release during the National Day and Mid-Autumn Festival, with "Thunderous," "Assassination of the Novelist 2," and "The Volunteer Army: Blood and Peace" competing for the top box office spot [2] - "Thunderous" has eight production companies involved, including three listed companies, while "Assassination of the Novelist 2" has five production companies, including three listed ones [2] - The trend of sequels, series, and IP-based films is prominent this year, indicating a maturation and industrialization of the Chinese film industry [2] Market Dynamics - The current market is characterized by content supply driving box office elasticity, with a stable daily average box office expected around 300 million yuan, consistent with last year's performance [2]

Market Overview - The film and theater sector experienced a decline of 2.31% on September 26, with Huace Film leading the drop [1] - The Shanghai Composite Index closed at 3828.11, down 0.65%, while the Shenzhen Component Index closed at 13209.0, down 1.76% [1] Individual Stock Performance - Huace Film (300133) saw a significant drop of 5.21%, closing at 9.27 with a trading volume of 1.31 million shares and a turnover of 1.23 billion yuan [2] - China Film (600977) decreased by 3.86%, closing at 14.95 with a trading volume of 604,200 shares and a turnover of 911 million yuan [2] - Other notable declines include Zhongshi Media (600088) down 0.48% to 16.57 and Wanda Film (002739) down 1.85% to 12.21 [1][2] Capital Flow Analysis - The film and theater sector saw a net outflow of 415 million yuan from institutional investors, while retail investors contributed a net inflow of 424 million yuan [2] - The capital flow for individual stocks indicates that Jiechuan Co. (300182) had a net outflow of 47.55 million yuan from institutional investors [3] - In contrast, Baijia Qiancheng (300291) experienced a net inflow of 36.51 million yuan from institutional investors [3]

赛力斯（601127）集团副总裁康波表示："电影艺术给观众带来视听盛宴，问界则以智慧科技重构用户 的出行体验，双方在价值追求上高度契合。正如电影通过光影艺术讲述时代故事、传递时代价值，问界 也正通过对智能科技的探索，向世界展现中国品牌的创新高度。" 北京商报讯(记者刘晓梦)9月26日，问界正式成为2025年中国金鸡百花电影节全程战略合作伙伴，并成 为官方指定汽车品牌。作为中国最具影响力的国家级电影节之一，金鸡百花电影节见证了中国电影 （600977）发展的重要跃迁，也承载着时代审美与文化精神的多重表达。 ...

Core Points - The 2025 Golden Rooster and Hundred Flowers Film Festival will be held from November 11 to November 15 in Xiamen, Fujian Province [1] - The jury committee announced the nomination list today, featuring films such as "Little Me," "Lychee in Chang'an," "Detective Chinatown 1900," "Good Things," "Dumpling Queen," and "Volunteer Army: Life and Death Battle" for various awards [1] - A total of 20 award categories will be contested, including Best Feature Film, Best Medium and Low Budget Feature Film, Best Screenplay, Best Director, and Best Actor/Actress [1] - The final evaluation will take place during the festival in November, with the winners to be revealed at the awards ceremony [1]

"这个电影对我的意义，更像是一个阶段性的胜利。这座奖杯也是我们时隔14年再一次拿到，对中国女 演员也是很大的鼓励，让我们看到更多可能性，让中国电影被世界看到。"辛芷蕾说。 在《日掛中天》的首映现场，初次面对国内观众的辛芷蕾表示，"站在国内观众面前比在威尼斯时还紧 张，那种感觉就像你在外面混得再好，其实最在意的还是家里人的肯定。"她认为，这部作品能接受平 遥观众检阅，其意义不亚于国际奖项的认可。 9月25日，电影《日掛中天》在第九届平遥国际电影展举行中国首映。图为该片主演辛芷蕾参加电影新 闻发布会。中新社记者 韦亮 摄 电影《日掛中天》制片人马双透露，该片将于11月7日全国公映。(记者 胡健) 电影《日掛中天》25日在第九届平遥国际电影展进行中国首映，刚在第82届威尼斯国际电影节荣膺最佳 女演员奖的辛芷蕾表示，"这个奖让我们看到未来更多可能性，拍更好的电影，让中国电影被世界看 到。" 谈及剧中"美云"的角色缘何打动她，辛芷蕾说，"主要看这个角色有没有灵魂，故事值不值得讲。《日 掛中天》是我一直梦寐以求的剧本，对女性的情感刻画特别丰富。" ...