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：2025-043 万达电影股份有限公司 关于持股 5%以上股东减持计划实施结果 暨权益变动至 5%以下的提示性公告 股东杭州臻希投资管理有限公司保证向本公司提供的信息内容真实、准确、 完整，没有虚假记载、误导性陈述或重大遗漏。 本公司及董事会全体成员保证公告内容与信息披露义务人提供的信息一致。 特别提示： 股东杭州臻希投资管理有限公司（以下简称"杭州臻希"）减持公司股份，不触及 要约收购。 持股 5%以上股东。 司的治理结构和持续经营产生影响。 公司于 2025 年 5 月 8 日披露了《关于持股 5%以上股东减持股份的预披露公 （公告编号：2025-033），杭州臻希计划在公告披露之日起 15 个交易日后的 3 告》 个月内通过集中竞价及大宗交易方式减持公司股份累计不超过 29,411,164 股。 近日，公司收到杭州臻希出具的《关于股份减持结果的通知》，获悉其减持 计划已实施完毕。本次减持后，杭州臻希持有公司股份 105,588,836 股，占公司 总股本的 4.999995%，不再是公司持股 5%以上股东。现将相关情况公告如下： ...

万达电影股份有限公司 简式权益变动报告书 目 录 上市公司： 万达电影股份有限公司 上市地点： 深圳证券交易所 股票简称： 万达电影 股票代码： 002739 信息披露义务人： 杭州臻希投资管理有限公司 浙江省杭州市余杭区五常街道文一西路 969 注册地址： 号 3 幢 5 层 505 室 通讯地址： 杭州市余杭区文一西路 969 号 3 号楼 5 楼 股份权益变动性质： 股份减少 签署日期：二〇二五年八月十九日 信息披露义务人声明 一、本报告书系依据《中华人民共和国公司法》 《中华人民共和国证券法》 《公开发行证券的公司信息披露内容与格式准则第 15 《上市公司收购管理办法》 号——权益变动报告书》等相关法律、法规和规范性文件编制。 二、信息披露义务人签署本报告书已获得必要的授权和批准，其履行亦不 违反其章程或内部规则中的任何条款，或与之相冲突。 三、依据《中华人民共和国证券法》《上市公司收购管理办法》的规定， 本报告书已全面披露信息披露义务人在万达电影中拥有权益的股份变动情况。 截至本报告书签署日，除本报告书披露的信息外，信息披露义务人没有通 过任何其他方式增加或减少其在万达电影中拥有权益的股份。 四、本 ...

万达电影股份有限公司 简式权益变动报告书 | 上市公司： | 万达电影股份有限公司 | | --- | --- | | 上市地点： | 深圳证券交易所 | | 股票简称： | 万达电影 | | 股票代码： | 002739 | | 信息披露义务人： | 杭州臻希投资管理有限公司 | | | --- | --- | --- | | 注册地址： | 浙江省杭州市余杭区五常街道文一西路 969 | | | | 号 幢 层 室 3 505 | 5 | | 通讯地址： | 杭州市余杭区文一西路 号 号楼 楼 969 3 5 | | | 股份权益变动性质： | 股份减少 | | 签署日期：二〇二五年八月十九日 信息披露义务人声明 一、本报告书系依据《中华人民共和国公司法》《中华人民共和国证券法》 《上市公司收购管理办法》《公开发行证券的公司信息披露内容与格式准则第 15 号——权益变动报告书》等相关法律、法规和规范性文件编制。 二、信息披露义务人签署本报告书已获得必要的授权和批准，其履行亦不 违反其章程或内部规则中的任何条款，或与之相冲突。 4 三、依据《中华人民共和国证券法》《上市公司收购管理办法》的规定， 本报告书已 ...

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：2025-043 万达电影股份有限公司 关于持股 5%以上股东减持计划实施结果 暨权益变动至 5%以下的提示性公告 股东杭州臻希投资管理有限公司保证向本公司提供的信息内容真实、准确、 完整，没有虚假记载、误导性陈述或重大遗漏。 本公司及董事会全体成员保证公告内容与信息披露义务人提供的信息一致。 特别提示： 1、本次权益变动系万达电影股份有限公司（以下简称"公司"）持股 5%以上 股东杭州臻希投资管理有限公司（以下简称"杭州臻希"）减持公司股份，不触及 要约收购。 2、本次权益变动后，杭州臻希持有的公司股份由 135,000,000 股减少至 105,588,836 股，持有公司股份比例由 6.392715%减少至 4.999995%，不再是公司 持股 5%以上股东。 一、 本次权益变动基本情况 1 万达电影股份有限公司 | 股东 | 减持方 | | 减持期间 | | | 减持均价 | 减持价格区 | 减持股数 | 减持比例 | 减持股份 | | --- | --- | --- | --- | --- | --- | --- | --- ...

Investment Rating - The report maintains a "Market Perform" rating for the media sector relative to the Shanghai and Shenzhen 300 Index [1] Core Views - The report expresses a positive outlook on sub-sectors such as gaming, publishing, and IP derivatives, highlighting strong performance and growth potential in these areas [12][13] - The gaming market in H1 2025 reached new highs in both market size and user data, supported by favorable policies and the integration of AI technology [12][42] - The publishing sector shows stable demand for educational materials, with a recommendation to focus on state-owned companies with high dividend yields [13] - The film sector is expected to see improved performance in Q3 due to the summer box office demand, despite a weaker Q2 [14] Summary by Sections Investment Recommendations - Continuous optimism for gaming, publishing, and IP derivative sectors due to strong performance and growth potential [12] - Emphasis on the gaming sector's resilience and AI's role in enhancing valuation [12][42] - Recommendations to monitor companies with positive fundamentals ahead of the upcoming mid-year reports [12] Market Review - From July 21 to August 15, 2025, the media sector rose by 6.56%, outperforming the Shanghai and Shenzhen 300 Index [15][16] - The gaming and broadcasting sectors saw significant increases of 12.55%, while the publishing sector grew by 1.35% [16] - The overall PE ratio for the media sector as of August 15, 2025, is 31.11, significantly above the historical average [22] Industry News - New policies from the Shanghai Municipal Government aim to support high-quality internet content creation [23] - The approval of 127 domestic game licenses in July 2025 indicates a robust regulatory environment for the gaming industry [25] - The central government emphasizes the importance of artificial intelligence in driving economic growth and innovation [25] Monthly Data Film Market - In July 2025, the domestic film market generated a box office of 4.067 billion yuan, a year-on-year decrease of 24.38% [26] - The total box office for the first seven months of 2025 reached 33.299 billion yuan, reflecting a 13.72% increase year-on-year [26] Game Market - The domestic gaming market's actual sales revenue for the first half of 2025 was 168 billion yuan, marking a 14.08% year-on-year increase [42] - The user base for games reached 679 million, a 0.72% increase from the previous year [42]

Core Insights - The 2025 summer movie season in China has seen a total box office exceeding 10 billion yuan as of August 18, with a strong performance expected to surpass last year's figures, contributing to the annual target of 50 billion yuan [1][5] Group 1: Box Office Performance - The summer box office has shown robust growth, with daily box office figures exceeding 100 million yuan for 31 consecutive days [1][5] - The top five films in the summer box office include four domestic productions, indicating a strong preference for local content [2] Group 2: Film Highlights - "Nanjing Photo Studio" leads the summer box office with over 2.5 billion yuan, breaking historical records for summer films in China [2] - "Wang Wang Mountain Little Monster" has surpassed 1 billion yuan, becoming the first domestic animated film to achieve this milestone [2] Group 3: Audience Engagement - The summer season has attracted over 269 million viewers, with diverse demographics engaging with various film genres [4] - The audience composition shows significant participation from women aged 30-39 for "Nanjing Photo Studio" and younger women under 25 for "Wang Wang Mountain Little Monster" [4]

Core Insights - The 2025 summer box office in China surpassed 10 billion yuan as of August 18, 2025, matching the record set in 2024 [1] - The total box office for 2025 reached approximately 37.4 billion yuan, which is 88% of the total box office for 2024 [1] - A-share film and television concept stocks saw significant increases, with several stocks hitting the 20% limit up [1] Box Office Performance - The top five films of the 2025 summer box office as of August 18 are: "Nanjing Photo Studio" (2.58 billion yuan), "Wang Wang Mountain Little Monster" (1.02 billion yuan), "Lychee of Chang'an" (670 million yuan), "Jurassic World: Rebirth" (570 million yuan), and "The Legend of Luo Xiaohei 2" (450 million yuan) [1][2] - The summer box office showed a "front low and back high" trend, with June and July box office figures at 1.91 billion yuan and 4.07 billion yuan, respectively [1] Audience Engagement - The number of viewers for the 2025 summer box office reached approximately 270 million, surpassing the 248 million viewers in the same period of 2024 [2] - High audience ratings for domestic films contributed to their box office success, with several films scoring above 8.5 on Douban [3] Pricing and Market Trends - The average ticket price for the 2025 summer box office is 374 yuan, a noticeable decrease compared to previous years [3] - The summer box office from 2022 to 2024 recorded average ticket prices of 391 yuan, 408 yuan, and 409 yuan, respectively [3] Company Performance - Major film and theater companies are expected to report significant growth in their first-half performance for 2025, driven by the recovery of the film market [4]

Core Insights - The total box office for the 2025 summer movie season has surpassed 10 billion yuan as of August 18, indicating strong performance and potential for exceeding last year's figures [1][3] - Domestic films dominate the summer box office, with four out of the top five films being Chinese productions, showcasing a diverse range of genres and positive audience reception [1][2] Box Office Performance - The summer box office has seen a continuous increase, with daily box office figures exceeding 1 billion yuan for 31 consecutive days [1][3] - The leading film, "Nanjing Photo Studio," has grossed over 2.5 billion yuan, setting a record for historical films in the summer season [1][2] Film Diversity and Audience Engagement - A total of 153 films have been released during the summer season, covering various genres such as history, animation, comedy, and action, catering to a wide audience [2][3] - High-quality films have emerged, with several achieving ratings above 8 on Douban, indicating a significant increase in critically acclaimed films compared to previous years [2][3] Audience Demographics - The summer season has attracted over 269 million viewers, with distinct demographic trends observed among different films [3] - "Nanjing Photo Studio" has a notable female audience aged 30-39, while "Nanjing Mountain Little Monster" appeals to younger female viewers under 25 [3] Regional Performance - First-tier cities are seeing a resurgence in box office contributions, particularly in the East China region, while films like "Nanjing Photo Studio" are stimulating demand in lower-tier markets [3]

Core Insights - The film box office in China has reached 37.377 billion yuan with over 860 million viewers and more than 92.05 million screenings as of August 18 [1][2] - The summer box office has surpassed 10 billion yuan, with domestic films leading the charge [2] - The industry is experiencing a recovery, with a notable increase in high-rated films contributing to box office growth [3][4] Industry Performance - The summer box office has shown strong performance, with 32 consecutive days of daily box office exceeding 100 million yuan [2] - A diverse range of 153 films has been released, catering to various audience preferences [2] - The success of films like "Wang Wang Mountain Little Monster" has highlighted advancements in the Chinese animation industry [2][3] Company Involvement - Several listed companies are involved in the production of popular films, including China Film, Happiness Blue Sea, and Wanda Film [1][5] - The film "Wang Wang Mountain Little Monster" is produced by Shanghai Film Group, with participation from companies like Maoyan Entertainment and Bilibili [5] - The industry is seeing a positive outlook due to government policies aimed at enhancing cultural production capabilities [5] Future Outlook - Upcoming films such as "Death Comes: Bloodline Curse" and "The Cloud Looks Like You" are anticipated to further boost the summer box office [6] - Analysts suggest that the film industry is at a turning point, with potential for a positive cycle of supply recovery and demand release [5]

Group 1 - The film production sector is experiencing a significant resurgence, with companies like Huazhi Shumei and Huace Film reaching their daily limit up, and the film ETF rising over 5.5% year-to-date [1] - The film ETF tracks the Zhongzheng Film Index, which includes various film content providers and related companies, with the top ten weighted stocks being Light Media, Perfect World, Mango Super Media, and others [2] - The 2025 summer box office has surpassed 10 billion yuan, with a total of 267 million attendees and an average ticket price of 37.3 yuan, indicating strong consumer interest [2] Group 2 - The domestic animated film "Wang Wang Mountain Little Monster" has grossed over 1 billion yuan, making it one of the top ten animated films in Chinese history and the highest-grossing 2D animated film [3] - The regulatory environment for the film industry is improving, with government policies aimed at promoting high-quality cultural development and supporting the creation of premium content [3] - Huaxi Securities suggests that the film industry may be at the beginning of a new recovery phase, with potential improvements in business models and a gradual restoration of supply, leading to a positive cycle of recovery and valuation [4]