市 场 研 究 [Table_Title] 万联晨会 [Table_MeetReportDate] 2026 年 02 月 27 日 星期五 [Table_Summary] 概览 核心观点 纺织服饰：行业整体盈利状况边际改善，纺织制造板块预盈率较高 传媒：2026 年春节档票房回落，档期内马太效应加剧 | [Table_InnerMarketIndex] | 国内市场表现 | | | --- | --- | --- | | 指数名称 | 收盘 | 涨跌幅% | | 上证指数 | 4,146.63 | -0.01% | | 深证成指 | 14,503.79 | 0.19% | | 沪深 300 | 4,726.87 | -0.19% | | 科创 50 | 1,485.86 | 0.85% | | 创业板指 | 3,344.98 | -0.29% | | 上证 50 | 3,035.07 | -0.65% | | 上证 180 | 10,389.00 | -0.16% | | 上证基金 | 7,226.58 | -0.33% | | 3071 国债指数 | 225.82 | -0.04% | 【市场回顾】周四 ...

在资本的逻辑里，只要预期崩了，就逃不掉毒打。这波寒意今天还在延续，至午间收盘，横店影视、博 纳影业再度触及跌停，中影续跌超8%，光线传媒跌幅也仍旧超过5%。回过头看，影视行业的泡沫，在 这个春节档被票房戳破了。大导演加顶流可以高枕无忧，这个用了十年的公式，彻底失灵了，当观众不 再为阵容买单，口碑才是唯一的通行证。 (文案 | 王晓潇、出镜 | 刘相君、剪辑 | 刘相君) 还有两部实打实的业绩杀手，科幻片《星河入梦》票房仅8000万，粉丝刷不动路人盘，彻底沦为陪跑。 而集结成龙、马丽加上熊猫IP的《熊猫计划》，4亿成本换来1.93亿票房，什么国民度、合家欢、春节 档万能公式，全都不好使了。 市场的反应直白又残酷，节后首个交易日，影视ETF大跌超7%，博纳影业、横店影视等多只影视股同 步跌停。而去年春节靠着《哪吒2》连吃涨停的光线传媒，更是直接20cm跌停。 昨天盘后光线传媒连忙发公告说《惊蛰无声》分了500多万营收，言下之意就是在说这片子跟我关系不 大；接着又晒出春节档冠军《飞驰人生3》分了5000万左右票房的成绩单，试图证明"我也押中了 宝。"博纳那边也急着澄清，说春节档只投了《飞驰人生3》这一部爆款，可跌停 ...

Group 1 - The total box office for this year's Spring Festival reached over 5.7 billion, with 4.35 million screenings, setting a historical record, and the film "Flying Life 3" contributed 2.9 billion, accounting for a significant portion of the total [1] - Major companies like China Film, Light Media, and Bona Film all released multiple films during the festival, collectively generating over 5 billion in box office revenue [1] - Despite the impressive box office performance, the film stocks experienced a significant drop on the first trading day after the festival, with companies like China Film, Light Media, and Bona Film hitting their daily limit down [2] Group 2 - The stock market's reaction was unexpected, as the film industry had seen substantial stock price increases prior to the festival, with Bona Film's stock rising nearly 70% from 7.5 to 12.77 before the holiday [3] - The market had already priced in expectations for a record-breaking box office, and investors were looking for a repeat of last year's 9.5 billion high, rather than just a good performance this year [4] - The 5.7 billion box office, while strong, represented a 40% decline compared to last year's record, and the absence of a blockbuster like "Nezha 2" contributed to the market's disappointment [5]

【#广东成为春节档票房冠军##广东重返春节档全国票房冠军#】数据显示，截至2月23日18时，广东春 节档票房突破5.68亿元，自2021年后重返第一，自大年初四起日票房保持第一。广东全省放映场次达 46.3万场，吸引超1240.3万人次观影，双双领跑全国；平均票价45.87元，低于全国水平，"低价惠民"策 略有效撬动了下沉市场消费潜力。其中，广州、深圳两大核心城市表现尤为亮眼，档期票房双双破亿 元：广州以1.20亿元票房位列全国城市第三；深圳票房突破1.06亿元，居全国城市票房前列。佛山、珠 海、中山等城市的票房也取得不俗成绩。#深圳人为了票房燃尽了# @深圳晚报 ...

2026年春节档总票房破57亿元，《飞驰人生3》断层领先 据猫眼专业版数据，截至2月23日22点49分，2026年春节档总票房超57亿元，《飞驰人生3》《惊蛰无 声》《镖人：风起大漠》分列前三位。 四川省以2.99亿元票房位列全国第六、成都市以1.14亿元票房位列全国城市票房榜第四。 P08 ...

（来源：经济日报） 转自：经济日报 据大麦娱乐旗下灯塔专业版数据，截至2月22日17时59分，2026春节档（2月15日-2月23日）档期总票房 （含预售）突破50亿。（经济日报记者 姜天骄） * 数据截至2026年2月22日 -> (- 次 六 灯塔专业版 & 春节档总票房 (含预售) 石博 ...

Domestic News - The total box office for the 2026 Spring Festival period has exceeded 4 billion yuan, with "Fast Life 3," "Silent Awakening," and "Boon Year" ranking as the top three films [1] - The National Energy Administration reported that the newly added grid-connected capacity for photovoltaic power generation in 2025 is expected to reach 31,657.4 megawatts, with a cumulative grid-connected capacity of 119,991.4 megawatts by the end of 2025 [1] - On January 21, the national railway is expected to send 16.8 million passengers, with plans to add 2,052 passenger trains; on January 20, 15.372 million passengers were sent [1] - The Ministry of Transport indicated a significant increase in national highway traffic on January 21, with an expected traffic volume exceeding 65 million vehicles, particularly on major routes like Shanghai-Chongqing and Beijing-Shanghai [1] International News - The U.S. White House announced an executive order signed by President Trump to terminate certain tariff measures, stating that from February 1, 2025, to February 6, 2026, nine previously signed tariff orders will no longer be effective, while a 10% tariff on goods from all countries will be imposed [3] - The Brazilian Industrial Federation noted that a U.S. Supreme Court ruling deemed Trump's large-scale tariff policy illegal, which may help revoke tariffs on Brazil and other countries, but new tariffs may still be imposed through other legal means [3] - Elon Musk's social media platform X announced it has appealed a 120 million euro fine imposed by the European Commission under the Digital Services Act [3] - The U.S. Department of Defense has provided President Trump with various options for striking Iran, including the removal of Iran's Supreme Leader Ali Khamenei and his son Mojtaba [3] - Iran's Foreign Minister stated that the country will complete the drafting of a nuclear agreement within 2 to 3 days and will submit it to the U.S. after obtaining final approval from Iranian leadership [3] Other News - The Financial Secretary of the Hong Kong SAR Government reported that the Hang Seng Index has risen nearly 6,500 points, an increase of 32%, with strong performance in IPOs and subsequent fundraising, indicating significant liquidity in the stock market [2]

来源：智通财经 据猫眼专业版数据显示，2026年春节档总场次超395.7万，刷新中国影史春节档总场次纪录，截至当前 2026年春节档总票房已达39.44亿元。 | | | 历年春节档大盘对比 | | (2 | | --- | --- | --- | --- | --- | | 数据截至2026.02.21 10:41:34 | | | | | | 2016年(含)之前的票房数据为分账票房 | | | | | | 年份に | 票房 | 场次 | 人次 | 平均票价! | | 2026年 02.15-02.23 | 39.44亿 | 395.7万 | 8098.1万 | 48.7 | | | | 历年最高 | | | | 2025年 01.28-02.04 | 95.14亿 | 348.7万 | 1.87亿 | 50.8 | | | 历年最高 | | 历年最高 | | | 2024年 02.10-02.17 | 80.16亿 | 372.9万 | 1.63亿 | 49.1 | | 2023年 01.21-01.27 | 67.65亿 | 266.6万 | 1.29亿 | 52.3 | | 2022年 | 60.3 ...

本文转自【人民日报客户端】； 猫眼专业版数据显示，2026年春节档总场次超394.7万，刷新中国影史春节档总场次纪录，截至当前2026春节档总票房已达39.32亿。 U1.31-U2.U6 | 2013年 | 7.79亿 | 48.1万 1930.5万 | | --- | --- | --- | | 02.09-02.15 | | | | 2012年 | 4.14亿 | 34.2万 | | 01.22-01.28 | | | | 2011年 | 3.36亿 | 24.3万 939.2万 | | 02.02-02.08 | | | | 年份に | 票房レ | 场次に | 人次 | | --- | --- | --- | --- | | 2026年 02.15-02.23 | 39.32亿 | 394.7万 | 8072.3万 | | | | 历年最高 | | | 2025年 01.28-02.04 | 95.14亿 | 348.7万 | 1.87亿 | | | 历年最高 | | 历年最高 | | 2024年 02.10-02.17 | 80.16亿 | 372.9万 | 1.63亿 | | 2023年 | | ...

每经AI快讯，据灯塔专业版，截至2月20日15时21分，2026春节档(2月15日-2月23日)档期总票房(含预 售)突破35亿元。 ...