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Core Viewpoint - The film industry sector in A-shares has shown significant growth, with the film line index rising over 3% as of February 5, 2026, driven by a strong performance in the upcoming Spring Festival box office period [1] Group 1: Market Performance - The film line index (881274.TI) increased by over 3% with all constituent stocks in the green, including Hengdian Film, which has seen a strong trend of 6 days with 5 limit-ups [1] - Notable stock performances include Hengdian Film with a 10.01% increase, Light Media with a 6.49% increase, and Bona Film with a 4.97% increase [4][5] Group 2: Box Office Potential - The 2026 Spring Festival period, starting on February 15, will last for 9 days, the longest in history, providing ample opportunity for box office revenue [1] - Historical data shows that the Spring Festival box office has been a significant contributor to annual revenue, with ticket sales from 2021 to 2025 being 78, 60, 68, 82, and 95 billion yuan, accounting for approximately 17%, 20%, 12%, 19%, and 19% of total annual box office respectively [1] Group 3: Film Supply and Industry Recovery - The upcoming Spring Festival will feature a strong lineup of films, with 7 films already scheduled, including notable titles like "The Fast and the Furious 3" and "Bears Always Have Bears" [2] - Major film companies have reported positive earnings forecasts for 2025, indicating a recovery in the industry, with Hengdian Film expecting a net profit of 130 to 180 million yuan, and Light Media projecting a profit of 1.5 to 1.9 billion yuan, representing over a fourfold increase [2] Group 4: Analyst Outlook - Multiple research institutions express optimism about the film line sector, citing the diverse content supply as a key factor in meeting audience demand [3] - Analysts from CITIC Securities highlight the increasing importance of the Spring Festival box office, attributing its growth to longer holiday periods and the concentration of major films during this time [3]