万达电影股份有限公司 股票代码：002739 股票简称：万达电影 公告编号：2025-053 万达电影股份有限公司 第七届监事会第六次会议决议公告 本公司及监事会全体成员保证信息披露内容的真实、准确和完整，没有虚假 记载、误导性陈述或重大遗漏。 一、审议通过了《关于修订<公司章程>的议案》 根据《公司法》《上市公司章程指引》《上市公司治理准则》等相关法律法规 的规定，公司拟对《公司章程》进行修订，具体内容请参见同日披露于《中国证 券 报 》《 证 券 时 报 》《 证 券 日 报 》《 上 海 证 券 报 》 以 及 巨 潮 资 讯 网 （http://www.cninfo.com.cn/）的《关于修订<公司章程>及相关公司治理制度的公 告》。 本议案尚需提交公司股东大会审议。 表决结果：3 票同意，0 票反对，0 票弃权。 二、审议通过了《关于预计 2026 年度部分日常关联交易事项的议案》 经审核，监事会认为：本次预计的日常关联交易事项符合公司实际经营发展 需要，遵循双方互利和市场化定价原则，公平、合理。公司董事会审议和表决程 序合法有效，不存在损害公司及股东利益的情形，同意该议案，具体内容请参见 同日披 ...

万达电影股份有限公司 股票代码：002739 股票简称：万达电影 公告编号：2025-052 万达电影股份有限公司 第七届董事会第八次会议决议公告 本公司及董事会全体成员保证信息披露内容的真实、准确和完整，没有虚假 记载、误导性陈述或重大遗漏。 万达电影股份有限公司（以下简称"公司"）第七届董事会第八次会议于 2025 年 12 月 12 日在北京市朝阳区八里庄东里 1 号莱锦文化创意产业园 CN02 楼会议 室以现场与通讯相结合的表决方式召开，会议通知于 2025 年 12 月 5 日以电话、 电子邮件及书面形式发出。会议由公司董事长陈曦女士主持，应出席董事 6 人， 实际出席董事 6 人，会议的召集、召开符合《公司法》《公司章程》的相关规定， 会议合法有效。本次会议采用记名投票方式进行表决，与会董事经认真审议，形 成以下决议： 一、审议通过了《关于修订<公司章程>的议案》 根据《公司法》《上市公司章程指引》《上市公司治理准则》等相关法律法规 的规定，公司拟对《公司章程》进行修订，具体内容请参见同日披露于《中国证 券 报 》《 证 券 时 报 》《 证 券 日 报 》《 上 海 证 券 报 》 以 及 巨 ...

Core Insights - The current consumer market is shifting from functional satisfaction to emotional value pursuit, particularly among Generation Z and younger consumers, with over 90% of post-2000 users showing a high willingness to spend for their preferences [2] Group 1: Strategic Investment and Market Position - Wanda Film has completed a strategic investment in Guangzhou Fangtu Technology Co., specifically its interactive entertainment brand "Pailifang," aiming to enter the "image social new life" sector and target the young consumer market [2] - Pailifang has established itself as a leader in the self-service imaging sector, with operations covering over 160 core cities in China and more than 1,000 devices deployed, serving over 10 million users since its launch in June 2020 [2][3] - Pailifang has achieved the largest market share in domestic operational devices and has built a solid competitive barrier, supported by exclusive strategic partnerships and a comprehensive technology system with over 100 national patents [3] Group 2: Future Plans and Ecosystem Development - Pailifang is set to enter over 700 Wanda Cinemas nationwide before the 2026 Spring Festival, integrating Wanda's film advantages and resources to create unique interactive experiences for audiences [3][4] - The partnership with Pailifang signifies the deepening of Wanda Film's "Super Entertainment Space" strategy, which aims to provide immersive experiences and social value for Generation Z [4] - Wanda Film's chairman expressed the goal of using the Super Entertainment Space to incubate a series of super IPs and brands, linking cinema spaces with IP, technology, and consumer engagement to build a new entertainment ecosystem [5]

Core Insights - Wanda Film has completed a strategic investment in Guangzhou Fangtu Technology Co., Ltd.'s interactive selfie brand "Pailifang," marking a deepening of its "Super Entertainment Space" strategy [1][6] - The partnership aims to explore and define a new consumer scenario of "image social new life," enhancing the entertainment experience beyond traditional movie viewing [1][7] Market Trends - The current consumer market is shifting from functional satisfaction to emotional value pursuit, particularly among Generation Z and younger consumers, who are increasingly willing to pay for "emotional experiences" and "social sharing" [3] - Over 90% of "post-00s" exhibit a high willingness to spend, indicating strong potential for "paying for favorites" [3] Business Model and Performance - Pailifang has established itself as an innovator in the self-service imaging sector, with a business model combining "photo booths + IP economy" that has been validated in the market [3] - Since its launch in June 2020, Pailifang has expanded to over 160 core cities in China, with more than 1,000 devices deployed and over 10 million users served [3] - In 2025, Pailifang is expected to host over 160 IP-themed pop-up events and celebrity tours, showcasing its strong brand appeal and operational capabilities [3] Competitive Advantage - Pailifang has built a solid competitive barrier through exclusive strategic partnerships with top international IPs and a comprehensive technology system covering image capture, intelligent processing, and device integration [4] - The company holds over 100 national patents, with AI image processing algorithms that provide real-time beautification and lighting optimization [4] Strategic Expansion - Pailifang plans to install its devices in 300 Wanda Cinemas by the 2026 Spring Festival, leveraging Wanda's resources such as movie genes, celebrity artists, and trendy IPs [5] - The partnership aims to create unique shooting themes and interactive experiences, enhancing audience engagement and expanding into key urban areas and overseas markets [5] Future Vision - Wanda Film's "Super Entertainment Space" strategy aims to create immersive experiences and social value for Generation Z, continuously enriching the entertainment ecosystem [7] - The investment in Pailifang is seen as a significant step towards defining the emerging "image social new life" sector and building a new entertainment ecosystem centered around cinema [7]

Core Viewpoint - Wanda Film has completed a strategic investment in Guangzhou Fangtu Technology Co., Ltd.'s smart selfie interactive entertainment brand "Pailifang," aiming to explore and define a new consumer scenario of "image social new life" [1] Group 1 - The partnership will focus on the deployment of Pailifang's equipment in Wanda Cinemas, with the first batch expected to be installed before the Spring Festival in 2026 [1]

Core Viewpoint - Wanda Film has made a strategic investment in Guangzhou Fangtu Technology Co., Ltd.'s interactive entertainment brand "Pailifang," aiming to explore and define a new consumption scenario of "image social new life," marking a deepening of its "super entertainment space" strategy [3][4]. Group 1: Strategic Investment and Market Position - The investment signifies Wanda Film's commitment to enhancing the entertainment experience by creating "portable joyful experiences" for audiences, moving beyond traditional movie viewing [3][4]. - The current consumer market is shifting from functional satisfaction to emotional value pursuit, particularly among Generation Z and younger consumers, with over 90% of "post-00s" showing a strong willingness to pay for experiences [4][5]. - Pailifang has established itself as a leader in the self-service imaging sector, with operations covering over 160 core cities and more than 1,000 devices deployed, serving over 10 million users since its launch in June 2020 [4][5]. Group 2: Competitive Advantages and Technological Edge - Pailifang holds the largest market share in the domestic equipment market and has built solid competitive barriers, including exclusive strategic partnerships with top international IPs and a comprehensive technology system with over 100 national patents [5][6]. - The company's AI image processing technology allows for real-time beautification and lighting optimization, ensuring high-quality imaging for users [5][6]. Group 3: Future Plans and Market Expansion - Pailifang is set to install its devices in Wanda Cinemas nationwide before the 2026 Spring Festival, integrating resources such as movie genes, celebrity artists, and trendy IPs [6][8]. - The initial deployment in Shanghai has already covered key transportation hubs, with expectations of daily exposure reaching millions, and future plans include expanding into first and second-tier city commercial centers and overseas markets [6][8]. - Wanda Film aims to create a new entertainment ecosystem by linking IP, technology, and consumption, enhancing its appeal to younger consumers and solidifying its industry leadership [8].

Group 1 - Wanda Film has completed a strategic investment in Guangzhou Fangtu Technology Co., Ltd.'s smart selfie interactive entertainment brand "Pailifang" [1] - The two parties will explore and define a new consumer scenario called "image social new life" [1] - The first batch of equipment for Pailifang is expected to be installed in Wanda Cinemas nationwide before the Spring Festival in 2026 [1]

Group 1 - The film industry sector experienced a significant afternoon rally on December 10, with stocks of Beijing Culture, China Film, Light Media, and Wanda Film all surging [1] Group 2 - The news highlights a positive market movement within the cinema industry, indicating potential investor interest and confidence in these companies [1]

Core Insights - Wanda Film has officially signed a memorandum of understanding with IMAX Corporation to collaborate on derivative product development, brand IP incubation projects, and retail business, aiming to leverage both companies' strengths in the global market [1][3] - The partnership is expected to enhance Wanda Film's "Super Entertainment Space" strategy, which focuses on expanding market boundaries and creating a new industry ecosystem [1][3] Group 1: Strategic Collaboration - The collaboration will focus on developing derivative products, brand IP incubation, retail business, and global resource and channel synergy [3][5] - Wanda Film's Chairman Chen Zhixi emphasized the importance of overseas market expansion, particularly through its Australian cinema chain HOYTS, which has 62 cinemas and 536 screens, holding the top market share in Australia [5][6] Group 2: Market Trends and Consumer Engagement - The global film industry is seeking growth by targeting younger consumer demographics, with a focus on emotional needs and self-identity, driving the "Guzi Economy" [5][6] - Wanda Film has successfully captured the emotional needs of younger audiences through its "Super Entertainment Space" strategy, creating a pathway to reduce reliance on box office revenue [6][7] Group 3: Innovative Business Models - In less than two years, Wanda Film has developed multiple IP collaborations and derivative products across various fields, including film, animation, and gaming, leading to a significant increase in non-ticket revenue [6][7] - The sales of IP derivative products reached 106 million RMB, a 94% increase year-on-year, with a substantial portion of the audience being under 25 years old [6][7]

Investment Rating - The report maintains a "Recommendation" rating for the media industry, expecting the industry index to outperform the benchmark index by over 5% in the next 3-6 months [2][40]. Core Views - The media sector is anticipated to experience a rebound, particularly in gaming and AI applications, with significant growth potential in these areas. The report emphasizes the importance of both sharpness and allocation in the current market environment [3][6]. - The gaming market is highlighted as entering a favorable valuation zone, with specific companies like Giant Network and Century Huatong recommended for investment [6][16]. - The film market is recovering, with the total box office reaching approximately 437.06 billion yuan, which is about 78% of the 2019 level, indicating a strong recovery trajectory [19][20]. Market Performance Review - The media sector index fell by 3.86% last week, underperforming the CSI 300 index, which rose by 1.28%, resulting in a relative underperformance of 5.14% [9][10]. - The total market capitalization of the media sector is approximately 19,595.28 billion yuan, with a circulating market value of 17,850.96 billion yuan [3]. Gaming Market Insights - Tencent's products dominate the iOS gaming market, with titles like "Peace Elite" and "Love and Deep Space" performing strongly [16]. - Upcoming game releases include "Rust" and "PUBG: BLACK BUDGET," which are expected to generate significant interest [18]. Film Market Overview - The film "Zootopia 2" has achieved a box office of nearly 23 billion yuan within six days, with projections suggesting it could help the total annual box office exceed 500 billion yuan [27]. - The total box office for the year has reached 437.06 billion yuan, with a recovery rate of approximately 78% compared to 2019 [19][22]. Important News and Company Announcements - The establishment of the first micro-short drama export base in Shanghai marks a significant development in the media industry [27]. - Tencent's Magic Cube Studio celebrated its 15th anniversary, announcing major updates for several IP titles, indicating ongoing innovation in the gaming sector [28].