Industry Overview - In the first quarter of 2025, the film industry in China experienced steady growth, driven by high-quality films during the Spring Festival, resulting in a total box office of 24.386 billion yuan, a year-on-year increase of 49.10% [4] - Domestic films generated box office revenue of 23.666 billion yuan, marking a year-on-year growth of 57.31%, with a market share of 97.11%, up by 5.14 percentage points from the previous year [4] - The total number of moviegoers reached 520 million, reflecting a year-on-year increase of 42.86% [4] - The Spring Festival box office alone reached 9.51 billion yuan, a year-on-year increase of 18.64%, with 187 million viewers, up by 14.50% [4] Company Performance - In the first quarter of 2025, the company achieved box office revenue of 999.7 million yuan (excluding service fees), representing a year-on-year increase of 50.76%, with a total of 25.2787 million viewers, up by 47.16% [5] - The company's market share in box office revenue was 4.53%, with its directly operated cinemas generating 886 million yuan in revenue, a year-on-year increase of 55.17% and 22.5799 million viewers, up by 50.48% [5] - The company opened 5 new directly operated cinemas and added 32 new screens during the reporting period [5] - The company’s subsidiary, Zhejiang Hengdian Film Co., Ltd., released films such as "The Legend of the Condor Heroes: The Great Hero" and "Boonie Bears: Rebooting the Future" during the reporting period, and has a rich pipeline of films [5]
横店影视股份有限公司2025年第一季度报告