Core Insights - The summer box office for 2024 is projected to reach 116.43 billion, but the current performance is significantly lagging behind, with only 29.31 billion recorded so far [3][4] - The current summer box office is considered to be the worst in the last decade, primarily due to the pandemic's impact on the film industry from 2020 to 2022 [3][4] - The lack of strong domestic films has resulted in a challenging environment for local productions, with only two films surpassing the 100 million mark in June [6][8] Box Office Performance - The summer box office has only reached 29.31 billion as of mid-July, indicating a need for significant daily earnings to catch up to previous years [2][4] - The 2024 summer box office is expected to be better than the pandemic years but still falls short of historical averages [3][4] - The current threshold for a successful film has shifted, with 1 billion now seen as a benchmark and 3 billion as a blockbuster status [6] Domestic Film Challenges - Domestic films are struggling to recoup their investments, with many failing to reach the break-even point [6][7] - Notable films like "酱园弄·悬案" and "无名之辈2" have underperformed, with the former only achieving around 3.8 billion in box office despite a star-studded cast [9][14] - The overall sentiment is that the quality of domestic films is not meeting audience expectations, leading to poor box office results [10][13] International Film Success - Hollywood films have been performing well, with titles like "Mission: Impossible 8" and "Jurassic World: Dominion" leading the box office [17][20] - The success of these films contrasts sharply with the struggles of domestic productions, highlighting a shift in audience preference [17][18] - The upcoming release of "F1: Fast & Furious" is anticipated to be a major success, driven by strong word-of-mouth and high ratings [23][24] Future Outlook - The industry is hopeful for a rebound in the latter part of the summer with upcoming releases, but the current trajectory suggests a challenging environment [26] - The potential for a significant box office recovery hinges on the performance of upcoming films, including animated features and anticipated blockbusters [26]

演员潘虹出演了《人到中年》《杜十娘》等多部家喻户晓的电影作品。"习近平总书记给我们8位电影艺 术家回信，是对我们的极大勉励。文艺作品是一个时代珍贵的'横截面'，留下传世精品，是文艺工作者 的职责使命。下一步，我将继续投身热爱的表演事业，为人民艺术发光发热。"潘虹坚定地说。 "新征程上，希望你们继续在崇德尚艺上作表率，带动广大电影工作者坚定文化自信，扎根生活沃土， 努力创作更多讴歌时代精神、抒发人民心声的精品佳作，为繁荣发展文艺事业、建设文化强国作出新贡 献。"习近平总书记近日给田华等8位艺术家回信，对电影工作者提出殷切期望。 人民生活中存在着文学艺术原料的矿藏，人民生活是一切文艺取之不尽、用之不竭的创作源泉。 习近平总书记的回信温暖人心、催人奋进，极大鼓舞广大电影工作者。大家表示，将牢记习近平总书记 的嘱托，坚定理想信念，扎根生活沃土，反映人民心声，创作更多有筋骨、有道德、有温度的文艺作 品，为推动社会主义文化大发展大繁荣、建设文化强国贡献力量。 收到习近平总书记的回信，"人民艺术家"国家荣誉称号获得者田华十分感动。几十年的文艺生涯中，田 华塑造了"白毛女""党的女儿"等多个经典银幕形象。 "为党的事业奋斗， ...

Core Insights - The summer movie season continues to struggle, with the upcoming release of "Lychee in Chang'an" being highly anticipated despite a 14.59% year-on-year decline in box office revenue to 1.906 billion yuan in June 2025 [1] - Domestic films are underperforming, with titles like "Sauce Garden: Suspense" and "The Nameless: The End of the World" failing to meet expectations, while the box office is primarily supported by imported films [1] - The "Detective Conan" franchise, particularly its 28th film "The Case of the Single-Eyed Phantom," has achieved remarkable success, breaking records with a box office exceeding 3 billion yuan and projected to reach 4 billion yuan, making it the highest-grossing film in the franchise's history [3][4] Domestic Film Performance - The domestic film market is facing challenges, with several high-profile releases not performing as expected, leading to a lack of strong contenders in the box office rankings [1] - The box office performance of domestic films is contrasted with the resurgence of imported films, which have garnered positive reviews and box office returns [1] Success of "Detective Conan" - "Detective Conan: The Case of the Single-Eyed Phantom" has set a new record for the franchise, achieving over 3 billion yuan in box office revenue and becoming the highest-grossing film in the series [3][4] - The franchise benefits from a stable fan base, with its long-standing presence in China since 1999 contributing to its sustained popularity and high box office performance [4] Marketing and Audience Engagement - The film's marketing strategy has successfully attracted a broader audience beyond core fans, with significant engagement from female viewers and younger demographics [5][16] - The franchise has leveraged cross-industry collaborations and promotional events to enhance its visibility and appeal, resulting in increased merchandise sales and audience participation [16][23] Box Office Trends and Influencing Factors - The box office performance of "Detective Conan" films is influenced by various factors, including marketing efforts, release timing, and audience reception [5][16] - The latest installment has benefited from a favorable release period during the summer, strong promotional activities, and improved audience ratings, contributing to its box office success [5][16] IP Collaboration and Economic Impact - The franchise's collaborations with various brands have significantly boosted its popularity and sales, with numerous partnerships across different sectors [16][23] - The "Detective Conan" franchise has also positively impacted local economies, as seen in increased foot traffic and sales in areas hosting promotional events and exhibitions [23][24]

继。"八一三"淞沪会战之后，明星、联华等几大支柱电影公司被迫停产。但在血与火的淬炼中，中国电 影也进行着艰难的转变。家国危殆的现实面前，动员民众抗日成为进步文艺的迫切使命，电影仿佛一个 不谙世事的孩童，在家庭变故中迅速成长。声音技术的出现与发展，使国产电影在社会现实和思想内容 的表现上有了更多可能。从无声到有声，从娱乐到担当，中国电影面貌为之一新。 1939年，表现抗日民主根据地斗争生活的影片《老百姓万 岁》拍摄现场。 江苏人民出版社、江苏凤凰教育出版社供图 今年是中国人民抗日战争暨世界反法西斯战争胜利80周年，也是中国电影诞生120周年。80年来，不断 有电影去讲述和呈现中华民族经历的这场浴血抗战，很多人通过影像了解曾经的热血与硝烟。但少有人 知道的是，就在枪炮的轰鸣声中，就在战争发生的当时当地，一批电影人用镜头冲锋，用胶片呐喊，用 光影记录下英勇不屈的抗争。这正是《光影山河：电影与抗战》一书所要挖掘的。 战火给中国电影业带来的首先无疑是重创。以电影重镇上海为例，"一·二八"事变让成立不久的联华天 通庵制片厂全部毁于战火，开设于闸北、虹口的16家影院被炸，30余家中小公司因遭炮轰而难以为 《光影山河：电影与 ...

Industry Overview - The cinema industry is facing significant survival challenges, with structural contradictions becoming increasingly evident [2][5] - The total box office for the first half of 2025 reached 29.231 billion yuan, a year-on-year increase of 22.9%, nearing pre-pandemic historical peaks [2] - However, after a record-breaking February with a box office of 16.09 billion yuan, subsequent months saw a sharp decline, with June's box office at only 1.91 billion yuan, marking a ten-year low [2] Box Office Dynamics - The number of films grossing over 100 million yuan has sharply decreased to 23, with "Nezha 2" contributing 52.8% of the total box office [2] - The average number of viewers per cinema dropped to 2-4 people from March to June, with a 40% empty screening rate [2][5] Production and Investment Trends - The impact of short video platforms has led to increased investment risks in mid-tier films, prompting production companies to focus on larger projects [3] - The industry is experiencing a trend of cost reduction, with producers shortening production cycles and employing more refined cost management strategies [3] Shifts in Power Dynamics - The traditional influence of major directors is diminishing, with production companies gaining more power in negotiations [4] - Wang Changtian, chairman of Enlight Media, emphasized the need to change the profit distribution model in the industry, advocating for a more favorable split for production companies [4][6]

Group 1 - The real estate market remains weak, impacting construction demand, but there is an expectation of supply tightening in cyclical industries due to government policies against low-price competition, leading to a marginal improvement in prices for steel and coal [1][3] - Summer consumption has shown signs of improvement, with notable increases in tourism, movie attendance, and passenger transport, while pork prices have risen significantly, indicating a potential recovery in consumer spending [1][2] - Manufacturing activity is showing mixed results, with a decline in automotive production due to rising dealer inventory pressures, while chemical and asphalt production remains resilient, reflecting some stability in construction demand [1][3] Group 2 - Real estate sales continue to decline, with a 24.6% year-on-year drop in transaction volume across 30 major cities, while second-hand housing transactions in key cities also fell by 11.8% [2] - The automotive market is experiencing a slight increase in sales, driven by summer self-driving demand, although dealer inventory pressures are rising, as indicated by a 3.9% increase in the inventory warning index [2] - Service consumption is on the rise, with a 2.7% increase in tourism prices in Hainan and a 3.1% year-on-year increase in movie box office revenue, suggesting a potential rebound in consumer sentiment [2] Group 3 - The cyclical industry is experiencing heightened expectations for supply tightening, with a slight increase in rebar demand and a rebound in steel prices, while cement prices continue to decline [3] - Manufacturing activity is showing significant divergence, with automotive production rates declining, while chemical production rates are increasing, indicating varying levels of demand across sectors [3] - Resource prices are rising due to increased electricity consumption and tightening supply expectations, with coal prices continuing to rise amid changing monetary policy expectations [3] Group 4 - Passenger transport demand has increased, with metro ridership up by 1.1% week-on-week and domestic flight operations increasing by 6.1% week-on-week, indicating a recovery in travel activity [4] - However, export activities are facing challenges, with a decline in freight volumes and shipping prices, likely influenced by fluctuating international tariff policies [4] - Overall logistics performance shows a mixed picture, with a decrease in highway and rail freight volumes, while express delivery volumes remain strong year-on-year [4]

本文字数：812，阅读时长大约1分钟 作者 | 第一财经 葛怡婷 2025.07. 09 华人影业与A24合作在北美澳新联合发行《哪吒2》英配版，为中国动画出海探索新模式。A24堪称 近年奥斯卡的"常胜将军"，揽获21项奥斯卡奖杯，对多元文化故事有着深刻理解和成功推广经验，其 出品或发行的影片屡获业界认可，代表作品包括荣获奥斯卡最佳影片的《月光男孩》、助力布兰登· 费舍夺得奥斯卡最佳男主角的《鲸》，以及横扫7项奥斯卡大奖的《瞬息全宇宙》等。在2025年奥斯 卡颁奖季中，其负责美国地区发行的电影《粗野派》斩获包括最佳男主角在内的三项大奖。 华人影业自2016年启动海外发行业务以来，依托逐渐建立起来的覆盖全球超100个国家、500余座城 市的成熟发行网络，成功推动了《流浪地球》系列、《哪吒》系列、《唐人街探案》系列等华语头部 IP走向世界，此次与A24的联手将继续推动该IP及中国文化在国际市场的声量和影响力提升，借助英 文配音版让影片持续触达不同圈层和观影习惯的观众。 微信编辑 | 苏小 推荐阅读 "黄金平替"，单日大跌6%！ 《哪吒之魔童闹海》（下称《哪吒2》）英文配音版官宣定档，将于8月22日起在美国、加拿大 ...

《哪吒之魔童闹海》英文配音版将于8月22日起在美国、加拿大、澳大利亚和新西兰陆续上映。 华人影业与A24合作在北美澳新联合发行《哪吒2》英配版，为中国动画出海探索新模式。A24堪称近年 奥斯卡的"常胜将军"，揽获21项奥斯卡奖杯，对多元文化故事有着深刻理解和成功推广经验，其出品或 发行的影片屡获业界认可，代表作品包括荣获奥斯卡最佳影片的《月光男孩》、助力布兰登·费舍夺得 奥斯卡最佳男主角的《鲸》，以及横扫7项奥斯卡大奖的《瞬息全宇宙》等。在2025年奥斯卡颁奖季 中，其负责美国地区发行的电影《粗野派》斩获包括最佳男主角在内的三项大奖。 《哪吒之魔童闹海》（下称《哪吒2》）英文配音版官宣定档，将于8月22日起在美国、加拿大、澳大利 亚和新西兰陆续上映，并以IMAX与3D等格式呈现。该版本由好莱坞知名发行公司A24与CMC Pictures （华人影业）联合发行，奥斯卡最佳女主角得主杨紫琼确认加盟，为影片角色配音。 华人影业自2016年启动海外发行业务以来，依托逐渐建立起来的覆盖全球超100个国家、500余座城市的 成熟发行网络，成功推动了《流浪地球》系列、《哪吒》系列、《唐人街探案》系列等华语头部IP走向 世界 ...

Group 1 - The report highlights an improvement in consumer sentiment and a rise in expectations for de-involution in cyclical industries, despite ongoing weakness in the real estate sector affecting construction demand [2][9] - The central financial committee's emphasis on addressing low-price disorderly competition is expected to tighten supply in cyclical industries, leading to a marginal increase in demand for rebar and power coal, resulting in price increases for steel, float glass, and thermal coal [2][9] - Summer consumer sentiment has shown signs of improvement, with notable increases in tourism, movie attendance, and passenger transport demand, alongside a significant rise in pig prices, indicating sustained strength in the passenger car market [2][9] Group 2 - In the downstream consumption sector, real estate sales continue to decline, with a 24.6% year-on-year drop in transaction volume across 30 major cities, while service consumption shows a marginal increase [10][14] - The automotive market remains robust, with June passenger car sales meeting expectations and a 3.9% increase in the inventory warning index for dealers, indicating slight upward pressure on inventory levels [10][16] - The report notes a significant rise in pig prices, improving profitability in the breeding sector, while staple grain prices remain stable [10][18] Group 3 - In the midstream manufacturing sector, the report indicates a divergence in manufacturing activity, with a notable decline in automotive production rates due to rising dealer inventory pressures, while chemical and petroleum asphalt production remains resilient [11][50] - The report emphasizes the cyclical industry's expectation of de-involution, with a rebound in steel prices and a continued decline in cement prices, reflecting weak construction demand [11][43] - The manufacturing sector's hiring intentions have increased, with a 53.3% year-on-year rise in new job postings, indicating a potential recovery in employment [50][53] Group 4 - In the upstream resources sector, the report notes a slight increase in thermal coal prices due to rising electricity consumption during the summer, while industrial metal prices remain under pressure amid declining expectations for interest rate cuts by the Federal Reserve [57][61] - The report highlights that copper and aluminum prices have experienced slight fluctuations, with copper prices facing downward pressure due to high inventory levels and subdued demand [61][66] Group 5 - The logistics and passenger transport sectors have seen a significant increase in demand, with metro passenger volumes in major cities rising by 1.1% week-on-week and 2.5% year-on-year [12][68] - Domestic flight operations have increased by 6.1% week-on-week, recovering to 86.9% of 2019 levels, while international flights have also shown a recovery [12][68] - However, the report notes a decline in freight logistics, with highway and railway freight volumes decreasing by 2.4% and 3.2% respectively, indicating a mixed outlook for logistics performance [72][77]

Market Performance - On July 8, the Shanghai Composite Index rose by 0.7%, the Shenzhen Component increased by 1.46%, and the ChiNext Index surged by 2.39%[3] - The total trading volume on July 8 was 1.47 trillion yuan, an increase of approximately 240 billion yuan compared to the previous trading day[1] Sector Analysis - All sectors except for banking and utilities experienced gains, with notable increases in communication, power equipment, and construction materials[1] - The photovoltaic sector showed significant upward movement, indicating a strong market signal and potential for further growth[1] Capital Flow - On July 8, net inflows into the Shanghai Stock Exchange were 25.048 billion yuan, while the Shenzhen Stock Exchange saw net inflows of 29.912 billion yuan[4] - The top three sectors for capital inflow were photovoltaic equipment, communication equipment, and components, while the sectors with the highest outflows included city commercial banks, ground military equipment, and insurance[4] Industry Trends - The film industry reached a total box office of over 30 billion yuan by July 8, 2025, 28 days earlier than the previous year[9] - A coalition of 33 construction companies issued a "reverse involution" initiative to promote industry transformation and fair competition[10] Policy Developments - The Hong Kong Securities and Futures Commission announced the expansion of the Southbound Trading program to include brokers, insurance companies, and asset management firms[5] - The People's Bank of China is actively researching measures to further open the bond market to foreign investors, enhancing cross-border financing convenience[8]