Core Viewpoint - The A-share film and cinema sector is experiencing significant movement as the Spring Festival approaches, with a notable rebound in stock prices and a strong performance from key companies in the industry [3][4]. Industry Overview - The Spring Festival box office plays a crucial role in the annual film market, having evolved into a key period for major film releases. The box office for the Spring Festival has consistently exceeded 6 billion yuan since 2021, accounting for over 12% of the annual box office [6][7]. - In 2025, the Spring Festival box office surpassed 9.5 billion yuan, marking a fourfold increase from 2015 and representing over 18% of the total annual box office [7]. Upcoming Releases - Six films are scheduled for release on the first day of the Lunar New Year in 2026, showcasing a diverse range of genres and star-studded casts. These films include "Fast and Furious 3," "Panda Plan: Tribal Adventure," and "Silent Awakening," among others [10][11]. - The films feature prominent actors and directors, with "Fast and Furious 3" being directed by Han Han and starring popular actors like Shen Teng and Yin Zheng [10][11]. Company Performance - Companies involved in producing the upcoming Spring Festival films have seen significant stock price increases, with an average rise of 33% since the beginning of 2026. Notably, Hengdian Film's stock has more than doubled [15][16]. - Hengdian Film reported a turnaround in profitability, with a projected net profit of 130 million to 180 million yuan for 2025, driven by market recovery and strong film performance [15]. - Light Media anticipates a net profit increase of up to 550.65% for 2025, reflecting substantial growth in film and related business revenues [15]. Financing Trends - Among the seven companies involved in the Spring Festival films, four have seen an increase in financing balances compared to the end of the previous year, with Hengdian Film's financing balance rising by over 62% [15][16].

商报讯(记者叶晓珺)近日，灯塔专业版显示，目前已有7部影片定档春节期间，包括《飞驰人生3》《熊 出没.年年有熊》《镖人：风起大漠》《惊蛰无声》《星河入梦》《熊猫计划之部落奇遇记》在内的6部 影片将在大年初一上映。 影片尚未上映，资本市场已提前反应，相关上市公司股价近日表现活跃。昨日，影视院线板块逆市崛 起，概念股几乎全线飘红，个股方面，横店影视（603103）6天5板，浙文影业（601599）涨停，幸福蓝 海（300528）、博纳影业（001330）、金逸影视（002905）、中国电影（600977）跟涨。消息面上，作 为全年票房权重最高的档期，2026年春节档迎来关键升级，今年春节假期自2月15日启幕，档期长达9 天，创下历史之最，为票房增长提供了充足空间。 春节定档7部影片，多家上市公司参投 从目前的安排来看，大年初一上映的六部电影均有不同的观影群体。 其中，《飞驰人生3》凭借该系列积累的观众基础以及沈腾的号召力，映前热度持续攀升。这使得其背 后的出品方，猫眼娱乐、博纳影业、中国电影、万达电影（002739）、横店影视备受关注，毕竟此前 《飞驰人生》《飞驰人生2》票房不低，分别斩获17.28亿元、33.6 ...

| 股票名称 | 涨跌幅(%) | 主力资金流向 | 所属行 | | --- | --- | --- | --- | | 平潭发展 | 10.05 | 12.78亿元 | 农牧饲沧 | | 网宿科技 | 7.48 | 6.82亿元 | 互联网服 | | | | | 公司是一 | | | | | 专注干心 | | 海峡创新 | 20 | 6.42亿元 | 互联网服 | | 二六三 | 10.04 | 5.66亿元 | | | 招商银行 | 1.79 | 5.54亿元 | | | 神剑股份 | 10.01 | 5.07亿元 | | | NHk 芯-II | 183 33 | 6 6617 + | | | 工业富联 | 0.88 | 4.98亿元 | 消费电- | | 美的集团 | 0.8 | 4.59亿元 | | | 光线传媒 | g | 4.57亿元 | 文化传见 | | 贵州茅台 | 1.97 | 4.21亿元 | 電影國 | 据交易所数据显示，截至2月5日收盘，主力资金流入前20的股票分别为： 平潭发展（12.78亿元）、 网宿科技（6.82亿元）、 N北芯U（6.66亿元）、 海峡 创新（6.42亿元）、 ...

| 股票名称 | 涨跌幅(%) | 主力资金流向 | 所属行 | | --- | --- | --- | --- | | 平潭发展 | 10.05 | 12.14亿元 | 农牧饲道 | | 网宿科技 | 6.94 | 6.48亿元 | 互联网服 | | | | | 公司是- | | | | | 三十十八 | | 贵州茅台 | 2.09 | 5.55亿元 | 酿酒行」 | | 招商银行 | 2.03 | 5.20亿元 | 诊疗融情 | | 二六三 | 10.04 | 5.15亿元 | 通信服3 | | | | | 反、土 | | 工业富联 | 0.99 | 4.55亿元 | 销量 | | NHとホーロ | 179 05 | 5 81 7 元 | | | 光线传媒 | 7.48 | 3.65亿元 | 文化传媒 | | 遥望科技 | 9.98 | 3.57亿元 | 互联网服 | | 神剑股份 | 10.01 | 3.32亿元 | 塑料制品 | | 海峡创新 | 16.78 | 3.26亿元 | 苗族园景 | 据交易所数据显示，截至2月5日午后一小时，主力资金流入前20的股票分别为： 平潭发展（12.14亿元）、 网 ...

Core Viewpoint - The A-share film and television stocks have collectively strengthened, with Hengdian Film rising to the daily limit and Light Media increasing by over 8%, which has driven the film and television ETF to rise by over 2% [1] Group 1: Market Trends - The film and television ETF tracks the CSI Film and Television Theme Index, covering 50 quality listed companies across the film and television industry chain, including major players like Light Media, Perfect World, and Oriental Pearl [1] - As of February 4, seven films have been scheduled for release during the Spring Festival, with six of them debuting on the first day of the new year [2] - The Spring Festival holiday this year starts on February 15 and lasts for nine days, setting a historical record and providing ample space for box office releases [3] Group 2: Future Projections - CITIC Securities is optimistic about the box office levels for the 2026 Spring Festival based on current film reserves, noting that the box office for the Spring Festival has been continuously hitting new highs in recent years due to longer holiday durations and a concentration of top films [3] - Wanlian Securities highlights that AI is a transformative technology with significant potential across various media sub-industries, driving new market developments [3] Group 3: Industry Innovations - AI is empowering various stages of film production, significantly reducing costs, with AI manhua (comic adaptations) gaining market attention as a new form of audiovisual content [4] - The film sector's market dynamics are driven by several factors, including blockbuster films, the release of AI video model products, favorable policies, and the emergence of new sub-genres like AI manhua [4] Group 4: Market Recovery - Southwest Securities predicts a resurgence in long videos alongside the continued popularity of short dramas and AI manhua, with the free micro-short drama market expected to reach approximately 53.3 billion yuan in 2025, a 113% increase from 2024 [5] - The television drama industry is anticipated to experience a recovery due to the "21 regulations" policy, with a focus on micro-short dramas and the development of the AI manhua industry [5]

2月5日，影视院线板块逆市崛起，成为A股市场亮点。截至10时45分，影视院线指数（881274.TI）涨幅超3%，成分股全线飘 红，其中横店影视走出6天5板强势行情，幸福蓝海、博纳影业、金逸影视、中国电影等个股同步跟涨。 消息面上，作为全年票房权重最高的档期，2026年春节档迎来关键升级。今年春节假期自2月15日启幕，档期长达9天，创下历 史之最，为票房释放留足空间。 回顾过往数据，春节档的票房号召力持续凸显。据艺恩数据显示，2021至2025年春节档票房分别为78/60/68/82/95亿元，占全年 票房比分别约17%/20%/12%/19%/19%。根据猫眼专业版，中国电影票房榜单TOP10中有6部来自春节档，其中近三年内上映的包 括《哪吒之魔童闹海》（总票房约155亿元）和《满江红》（总票房约45亿元）。 而今年春节档的影片供给方面堪称"重磅云集"。根据灯塔专业版数据，截至2月4日，已有7部影片定档2026年春节档。其中6部 集中于大年初一（2月15日）上映，类型覆盖喜剧、动画、谍战等多元题材。 包括备受关注的，韩寒执导的"飞驰"系列续作《飞驰人生3》、国民动画IP新作《熊出没·年年有熊》，以及张艺谋执 ...

| 代码 | | | 涨幅% ↓ | 总市值 | 年初至今涨幅% | | --- | --- | --- | --- | --- | --- | | 603103 | 横店影视 | 1 | 10.01 | 201亿 | 90.95 | | 300528 | 幸福監海 | 策 | 7.87 | 89.43 Z | 15.44 | | 300251 | 光线传媒 | 章 | 6.43 | 597亿 | 24.24 | | 001330 | 博纳影业 | 1 | 4.34 | 136亿 | 29.74 | | 002905 | 金逸影视 | | 3.96 | 47.42亿 | 11.50 | | 300426 | 华智数媒 | | 3.27 | 41.21亿 | 18.52 | | 300027 | 华谊兄弟 | 兼 | 3.19 | 53.83亿 | -10.60 | | 000802 | 北京文化 | 来 | 2.81 | 34.01亿 | 4.40 | | 002739 | 万达电影 | | 2.30 | 254亿 | 6.10 | | 600977 | 中国电影 | 1 | 1.85 | 329亿 | 12 ...

格隆汇2月5日｜A股影视股集体走强，其中，横店影视涨停，幸福蓝海涨超7%，光线传媒涨超6%，博 纳影业涨超4%，金逸影视、华智数媒、华谊兄弟涨超3%。消息面上，2月4日，灯塔专业版显示，目前 已有7部影片定档春节期间。其中有6部均在大年初一上映。 ...

Core Viewpoint - The 2026 Spring Festival holiday will feature a long holiday period of 9 days, with several films scheduled for release during this time, indicating a significant opportunity for box office revenue in the film industry [2]. Group 1: Film Releases and Industry Participation - Seven films have been scheduled for the Spring Festival period, with six set to release on the first day of the new year, including titles like "Fast Life 3" and "Panda Plan: Tribal Adventures" [2]. - Major listed companies involved in the production and distribution of these films include Maoyan Entertainment, Bona Film Group, China Film, Wanda Film, and Hengdian Film [3]. - "Fast Life 3," as a sequel, has already established a strong IP presence, with previous installments grossing 1.728 billion and 3.361 billion yuan respectively [4]. Group 2: Box Office Trends and Historical Data - The Spring Festival is recognized as the most crucial box office period of the year, with significant audience engagement and family viewing becoming a mainstream entertainment form during the holiday [4]. - Historical box office data from 2021 to 2025 shows that the Spring Festival box office revenues were 7.8 billion, 6 billion, 6.8 billion, 8.2 billion, and 9.5 billion yuan, accounting for approximately 17%, 20%, 12%, 19%, and 19% of the annual box office respectively [4]. - Recent top films from the Spring Festival period include "Nezha: Birth of the Demon Child" with a total box office of approximately 15.5 billion yuan and "Full River Red" with about 4.5 billion yuan [4]. Group 3: Market Outlook and Challenges - According to a report from CICC, the timing of domestic film releases for the 2026 Spring Festival is later than in previous years, which may impact box office performance due to high baseline effects from 2025's successful releases [5]. - The presence of imported films like "Zootopia 2" and "Avatar 3" during the same period may lead to cautious scheduling and conservative marketing strategies from domestic film producers [5]. - There is a possibility of additional films being added to the Spring Festival lineup, including potential releases like "Panda Plan 2" and "New Year's Offenders" [6].

证券日报网讯2月3日，光线传媒（300251）在互动平台回答投资者提问时表示，公司《2025年度业绩预 告》已于2026年1月29日在巨潮资讯网披露，公司归属于上市公司股东的净利润为150，000万元–190， 000万元，比上年同期增长413.67%-550.65%。 ...