Group 1 - The media industry, particularly the film and cinema sector, is experiencing policy support and a recovery in market conditions, as highlighted by the State Administration of Radio and Television's new measures to enhance content supply [1] - The long video industry is expected to reach a turning point in its recovery, with a focus on companies with strong production capabilities and sufficient projects, such as Huace Film & TV and Ningmeng Media [1] - Key players in the platform sector include leading companies like Mango Excellent Media and iQIYI, while attention should also be paid to the upcoming Spring Festival film schedule in 2026 [1] Group 2 - The film box office is projected to grow by 21.95% year-on-year in 2025, with urban cinema attendance expected to increase by 22.57%, and domestic films accounting for 79.67% of the box office, indicating a robust recovery in the industry [1] - The film ETF (516620) tracks the CSI Film Index (930781), which selects listed companies involved in film production, distribution, and exhibition, reflecting the overall performance of the film industry [1] - The index covers the entire film industry chain, from content creation to end consumption, highlighting the characteristics of the cultural and entertainment industry while focusing on the telecommunications service sector [1]