2026年春节档，多部影片背后有上市影企参与。 （文章来源：21世纪经济报道） 资本市场已提前反应，横店影视年内涨幅达到121.6%。 其中中国电影参与了6部影片的出品或发行引进环节，采取多元化投资策略，分散风险的同时确保收益 覆盖。猫眼娱乐以主投或联合出品身份覆盖多家定档影片，博纳影业、万达电影、横店影视等亦参与其 中。 ...

Market Overview - The A-share market opened high and closed higher on February 9, with all three major indices rising. The Shanghai Composite Index increased by 1.41%, the Shenzhen Component Index rose by 2.17%, and the ChiNext Index gained 2.98%. The total market turnover reached 22,702 billion yuan, an increase of 1,067 billion yuan compared to the previous trading day, with over 4,600 stocks rising [1]. Industry Performance - The film and television sector saw significant gains, with the AI artificial intelligence industry chain also performing well. The Sora concept, AI corpus, and Kuaishou concept led the gains. Additionally, sectors such as optical fiber, BC batteries, and photovoltaic equipment were notably active [3][14]. Box Office Insights - According to Lighthouse Professional Edition, the pre-sale for the 2026 Spring Festival file began on February 9. As of 15:17 on the same day, the total box office for new films (including previews and pre-sales) exceeded 45 million yuan, with "Fast Life 3" leading the box office. This positive news significantly impacted the film and television sector, which topped the涨幅榜 (gains list) for the day, with no stocks in the sector declining [3][13]. Stock Highlights - The film and television sector experienced a surge, with several stocks hitting the daily limit. Notable performers included: - Jiecheng Co., Ltd. (300182) with a limit increase of 20% - Shanghai Film (601595) up by 10.01% - Hengdian Film (603103) also up by 10% - Bona Film (001330) and Huanrui Century (000892) both increased by 9.99% [9][10]. AI Industry Developments - The AI industry chain received positive news, with various sectors showing strength. Seedance 2.0, a next-generation model from ByteDance, aims to generate 1080p movie-level videos with synchronized audio. Additionally, Keling AI announced its entry into the 3.0 model series, focusing on a unified video model system [17][18]. Market Trends and Future Outlook - According to Zhongyuan Securities, the performance of the Spring Festival period is crucial for the film sector's annual results and market valuation. Due to a demand growth bottleneck in the film market, companies are exploring new business models such as IP collaborations, offline entertainment, and AI content to enhance competitiveness and stabilize performance [13].

行业方面，腾讯元宝新年红包活动近日敞开，用户能够经过共享、用新年模版生成同款、与元宝聊新年话题、体会DeepSeek新技能等方法取得抽奖次数。 敞开后，元宝在微信生态中的共享量有显着增长。新年期间各大互联网公司运营力度加大，各家产商开始走向2C流量和商业化争夺，国内Chatbot类产品料 将继续高确认性起量，有望对标2023年新年ChatGPT出圈以及2025年新年DeepSeek出圈。 光控资本指出，AI产业继续发展，建议关注AI使用以及IP商业化等方向增量，大模型能力继续增强，AI使用推进落地，要点推荐AI营销、游戏、影视、 AI+IP等方向。跟着新年等核心流量窗口到来，AI使用迎来重要运营催化，2月1日腾讯敞开元宝红包活动，经过交际场景与激励机制提升用户触达与使用频 次，有望加快AI产品渗透与用户心智树立。节假日高频流量叠加运营侧强影响，将继续验证AI使用的留存、活泼与商业化潜力，相关方向关注度有望阶段 性提升。 AI使用概念9日盘中走势活泼，截至发稿，中文在线、海看股份、捷成股份20%涨停，万兴科技涨超10%，掌阅科技、完美国际、博纳影业等亦涨停。 ...

Core Insights - The article discusses the upcoming 2026 Spring Festival film market, highlighting that eight films have been scheduled for release, with total box office revenue exceeding 24 million yuan as of February 9, 2026 [3][4]. Film Releases - The films set to release on the first day of the Spring Festival include "Fast Life 3," "Boonie Bears: Year of the Bear," "The Bounty Hunter: Winds Rise in the Desert," "Silent Awakening," "Star River in Dream," and "Panda Plan: Tribal Adventures." Additionally, the documentary "Return to the Wolf Pack" will be re-released on the third day, and the comedy "Night King" will premiere on the fourth day [3][4]. Box Office Trends - IMAX has become a significant contributor to the box office growth during the Spring Festival, with high-format theaters reaching record revenue in 2025. Three films, "Fast Life 3," "The Bounty Hunter: Winds Rise in the Desert," and "Silent Awakening," will be available in IMAX theaters during the 2026 Spring Festival [3][4]. Market Dynamics - The analysis from Lighthouse Professional Edition suggests a shift in the Spring Festival box office landscape from a "one strong, many strong" model in 2025 back to a "many strong competing" model in 2026. The box office has seen consistent growth over the years, increasing from 1.451 billion yuan in 2014 to 9.514 billion yuan in 2025, a growth of over 5.5 times [3][4]. Audience Insights - Audience preferences for new films during the Spring Festival show significant differences: "Silent Awakening" appeals more to younger and female viewers, while "The Bounty Hunter: Winds Rise in the Desert" attracts male audiences. "Boonie Bears: Year of the Bear" has a strong following in third and fourth-tier cities, and "Fast Life 3" and "Panda Plan: Tribal Adventures" are favored by viewers aged 25-29 and over 40, respectively [4]. Investment Participation - Several listed companies are involved in the investment of films for the Spring Festival, including Maoyan Entertainment (01896.HK), Bona Film Group (001330.SZ), China Film (600977.SH), Wanda Film (002739.SZ), Hengdian Film (603103.SH), and Light Media (300251.SZ) [4]. Regional Box Office Contributions - The article emphasizes that lower-tier markets continue to play a crucial role in shaping the Spring Festival box office dynamics, with third and fourth-tier cities contributing over half of the box office for three consecutive years. The "Four Provinces" (Shanxi, Henan, Shandong, Hebei) and Jiangsu, Anhui, and Jiangxi regions remain key battlegrounds for box office competition, with Jiangsu province leading in box office revenue for five consecutive years [4].

责任编辑：小浪快报 声明：市场有风险，投资需谨慎。本文基于第三方数据库自动发布，不代表新浪财经观点，任何在本文 出现的信息均只作为参考，不构成个人投资建议。如有出入请以实际公告为准。如有疑问，请联系 biz@staff.sina.com.cn。 02月09日消息，截止11:15，AI应用（游戏传媒）板块大涨，中文在线、捷成股份、博纳影业涨停，华 谊兄弟、果麦文化、国脉文化等个股涨幅居前。 ...

Market Overview - The A-share market opened with all three major indices rising: the Shanghai Composite Index increased by 0.93%, the Shenzhen Component Index rose by 1.5%, and the ChiNext Index gained 1.95% [1] - The Hong Kong market also saw gains, with the Hang Seng Index opening at 26,982.49 points, up 422.54 points or 1.59%, and the Hang Seng Tech Index rising by 1.9% [2] Sector Performance - The leading sectors included computing hardware, photovoltaic equipment, cultural media, and precious metals, while traditional Chinese medicine, banking, and mining sectors experienced declines [2] - The film and cinema stocks surged, with Shanghai Film and Huanrui Century hitting the daily limit, and other companies like Hengdian Film and Jiechuan Shares also showing significant gains [3][4] Notable Stock Movements - Shanghai Film (601595) rose by 10.01% to 32.53, with a net inflow of 130 million [5] - Huanrui Century (000892) increased by 9.99% to 8.15, with a net inflow of 78.61 million [5] - Jiechuan Shares (300182) saw a rise of 9.20% to 6.41, with a net inflow of 126 million [5] - The short drama game concept stocks experienced a "limit-up" trend, with companies like Zhongwen Online (300364) and Haikan Shares (301262) reaching the daily limit [6][7] Photovoltaic Sector Insights - The photovoltaic equipment sector experienced a strong surge, with companies like Juhe Materials (688503) and GCL-Poly Energy (002506) hitting the daily limit [8][9] - The price of photovoltaic modules has been rising since the beginning of the year, with major companies adjusting their prices [9] - A report from Zhongyin Securities highlighted "anti-involution" and "space photovoltaic" as key investment themes for 2026, with optimism about domestic manufacturers' potential for overseas profits [10] AI and Computing Hardware Developments - Tianfu Communication's stock price reached a historical high of 283.33 yuan per share, reflecting a rise of over 11% [11] - The computing hardware sector, including optical modules, opened strongly, with companies like Zhaochi Shares (002429) hitting the daily limit [11] - Nvidia's CEO expressed optimism about AI development, indicating that AI infrastructure is still in its early stages, suggesting a long-term growth trajectory for the sector [11]

影视院线板块强势，上海电影、横店影视、博纳影业、欢瑞世纪涨停，华谊兄弟、百纳千成、华策影视 跟涨。 ...

02月09日消息，截止10:00，AI应用（游戏传媒）板块强势，中文在线、博纳影业涨停，捷成股份、果 麦文化、华谊兄弟等个股涨幅居前。 声明：市场有风险，投资需谨慎。本文基于第三方数据库自动发布，不代表新浪财经观点，任何在本文 出现的信息均只作为参考，不构成个人投资建议。如有出入请以实际公告为准。如有疑问，请联系 biz@staff.sina.com.cn。 责任编辑：小浪快报 ...

Investment Rating - The industry investment rating is "Positive," indicating an expected overall return exceeding 5% above the CSI 300 index within the next six months [54]. Core Viewpoints - The report highlights that during the Spring Festival, the media industry is experiencing increased exposure, particularly in film, gaming, and AI developments. Eight films are scheduled for release during the Spring Festival, with a diverse range of genres, and the cumulative interest in these films is higher than in previous years [9][52]. - The gaming sector is expected to see revenue growth due to various operational activities during the Spring Festival, particularly for social games [5]. - In the AI sector, multiple leading models are anticipated to release updated versions, and major internet companies are leveraging high user engagement during the Spring Festival to accelerate AI commercialization [6][9]. Summary by Sections Film Industry - Eight films are set for release during the Spring Festival, including titles like "The Silent Awakening" and "Racing Life 3." The cumulative interest for these films has reached 1.29 million, surpassing the previous years' figures [4][9]. - The top three films in terms of cumulative interest are "The Silent Awakening" (780,000), "Racing Life 3" (590,000), and "The Bounty Hunter: Winds Rise in the Desert" (520,000) [52]. Gaming Industry - The game "The Ring" is expected to launch on May 15, with high anticipation reflected in its ranking on the TapTap pre-registration list [5]. - Several social games are launching Spring Festival events, which are expected to enhance daily active users (DAU) and revenue [5]. AI Industry - The report notes a significant iteration period for domestic large models, with several expected releases around the Spring Festival, including Alibaba's Qwen 3.5 and Doubao 2.0 [6]. - Major internet companies are implementing promotional activities, such as cash red envelopes, to boost user engagement and accelerate AI commercialization [6][9]. Key Companies to Watch - In the film sector, companies like Bona Film Group are recommended for attention [9]. - In gaming, companies such as Kingnet, Giant Network, and G-bits are highlighted as potential investment opportunities [9].

Investment Rating - The report maintains a "Buy" rating for the media industry, highlighting strong performance in the sector compared to the broader market indices [1]. Core Insights - The media sector is expected to benefit from AI applications and consumer spending, with significant growth in digital marketing and advertising driven by AI technologies. Major internet companies are leveraging digital red envelopes to attract new customers for AI products during the Spring Festival [2][3]. - The report emphasizes the potential of the AIGC (AI Generated Content) sector, particularly in digital marketing, e-commerce, and AI-driven content creation, as key areas for investment [2][3]. Industry Overview - The media industry has shown resilience, with the Shanghai Composite Index and Shenzhen Component Index experiencing declines of -1.27% and -2.11% respectively, while the media sector has outperformed with significant gains [12]. - The report notes a resurgence in the digital marketing sector, particularly with the GEO (Geolocation) advertising model, which is expected to drive growth in 2026 [2][3]. Recommended Stocks and Rationale - Key stocks to watch include: - Wanda Film (002739): Actively embracing AI and participating in major Spring Festival films [3]. - Bona Film (001330): Expected to recover with participation in the Spring Festival film lineup [3]. - Mango Excellent Media (300413): Anticipated to benefit from AI integration in its core business [3]. - BlueFocus Communication Group (300058): A leading digital marketing firm actively adopting AI [3]. - Bilibili (9626.HK): Expected to see increased commercial value from community video content [3]. - The report suggests a focus on cinema chains and companies involved in the digital marketing and e-commerce sectors as potential investment opportunities [2][3]. Market Dynamics - The report highlights the competitive landscape in the AI-driven content creation space, with major players like Alibaba and ByteDance actively engaging in the AI Spring Festival initiatives [13][31]. - The cinema sector is gearing up for the 2026 Spring Festival with a diverse lineup of films, which is expected to attract various audience segments [14]. Financial Projections - The report provides earnings per share (EPS) forecasts for several companies, indicating a positive outlook for the media sector: - Huace Film & TV (300133): EPS projected to grow from 0.13 in 2024 to 0.27 in 2026 [7]. - Mango Excellent Media (300413): EPS expected to increase from 0.73 in 2024 to 0.82 in 2026 [7]. - Wanda Film (002739): EPS forecasted to rise from -0.43 in 2024 to 0.85 in 2026 [7].