中泰证券指出，电影行业进入高质量供给推动增长的阶段，2025年贺岁档与2026年春节档市场有望 持续火热。电影市场从"要数量"转向"要口碑"，中低档内容出清，高质量供给成为票房核心驱动力，深 度内容需求持续走高。 注：如提及个股仅供参考，不代表投资建议。指数/基金短期涨跌幅及历史表现仅供分析参考，不 预示未来表现。市场观点随市场环境变化而变动，不构成任何投资建议或承诺。文中提及指数仅供参 考，不构成任何投资建议，也不构成对基金业绩的预测和保证。如需购买相关基金产品，请选择与风险 等级相匹配的产品。基金有风险，投资需谨慎。 每日经济新闻 （责任编辑：董萍萍 ） 【免责声明】本文仅代表作者本人观点，与和讯网无关。和讯网站对文中陈述、观点判断保持中立，不对所包含内容 的准确性、可靠性或完整性提供任何明示或暗示的保证。请读者仅作参考，并请自行承担全部责任。邮箱： news_center@staff.hexun.com 引进片供给快速恢复，市场反应强烈，全球动画电影制作达到高水平，中国市场进入本土与海外双 轮驱动阶段，票房对影片质量的弹性持续提升。《疯狂动物城2》表现超预期，票房有望突破40亿元， 上映4天收获14亿元 ...

Core Insights - Disney's Zootopia 2 has achieved the status of the highest-grossing animated foreign film in China, indicating a significant milestone for the company in the international market despite a general decline in interest for overseas films in the country [1] Industry Impact - The success of Zootopia 2 in China highlights the potential for animated films to perform well in foreign markets, even amidst broader trends of muted interest in international cinema [1] - This achievement may influence future investment strategies and production decisions within the animation sector, as companies assess the viability of targeting specific international markets [1]

Core Viewpoint - Cat's Eye Entertainment (01896) saw a significant stock increase of over 4%, reaching HKD 7.19, driven by the strong performance of "Zootopia 2" in the Chinese market, which has set multiple box office records [1] Group 1: Company Performance - As of November 30, "Zootopia 2" has surpassed RMB 1.9 billion in box office revenue in China, leading to a substantial revision of total box office forecasts from RMB 2.4 billion to RMB 4.263 billion by platforms like Cat's Eye [1] - The first day of "Zootopia 2" saw over 70 brands collaborating in the Chinese market, indicating strong market engagement and promotional efforts [1] Group 2: Industry Insights - Huayuan Securities highlighted the importance of box office performance for imported films, noting that the film market is supply-driven, with successful sequels likely to stimulate viewing demand and contribute to steady growth in box office revenues [1] - CITIC Securities pointed out that Cat's Eye Entertainment's semi-annual report emphasized its IP business strategy, suggesting that current experimental operations could lead to a systematic and scalable approach to film IP management in the future, integrating promotion and IP derivatives [1]

12月1日，《疯狂动物城2》累计票房已突破19.46亿元，超过第一部《疯狂动物城》15.40亿元的票房成绩，成为中国影史进口动画票房冠军。《疯狂动物城2》累计想看人数目前已超231万人，其中，女性占比75.4%，男性占比24.6%。猫眼电影专业版预测，《疯狂动物城2》内地总票房有望达42.63亿元，仅次于今年春节档火爆的动画电影《哪吒之魔童闹海》，也将超越《复仇者联盟4》，成为中国进口片票房总冠军。 ...

Group 1 - The fluctuation in the US stock market is primarily due to significant changes in the Federal Reserve's interest rate cut expectations and rumors regarding Powell's potential resignation [1] - The speculation about Powell's resignation is viewed as a pressure tactic from Trump, aiming to influence the Fed to cut rates again in December [1] - The direct impact of Powell's resignation on the A-share market is considered limited, although it may indirectly affect the US's sovereign credit and subsequently impact the dollar and US bonds [1] Group 2 - The movie "Zootopia 2" has set a new box office record, similar to the strong performance of "Ne Zha" last year, which positively affected the stock price of Light Media [2] - For retail investors, it is advised to set profit-taking points if they have already invested in related film stocks, while new investors are cautioned against chasing prices due to potential profit-taking risks [2] - Intel's stock surged due to its new contracts to supply chips for Apple and Google, indicating a shift in investment focus towards AI, with Google emerging as a new hotspot [2] - The shift in funding preferences suggests that the AI sector is not in a bubble but rather evolving, with a recommendation to pay attention to stocks with high cobalt content during market corrections [2]

中新社洛杉矶11月30日电 (记者 张朔)《疯狂动物城2》(Zootopia 2)首映连夺北美单日和周末票房冠军， 开画票房成绩超越前作。 据票房统计网站BoxOfficeMojo11月30日发布的电影市场数据，28部影片北美周末票房(11月28日至30日) 报收约1.85亿美元，较前一周末有所增长，今年北美周末票房首次连续两个统计周期超过1.8亿美元。数 据同时显示，今年感恩节长周末(11月26日至30日)，21部影片北美票房报收约2.85亿美元，低于去年同 期水平。 北美票房：《疯狂动物城2》首映票房飘红 在新片冲击下，《魔法坏女巫2》(Wicked：For Good)以约9300万美元长周末票房从上期榜单冠军降至 本轮排名次席。这部由华裔导演朱浩伟执导的奇幻歌舞爱情片北美票房现约2.7亿美元，全球票房超过 3.9亿美元。 此外，由知名演员杰西·艾森伯格主演的惊悚犯罪片《惊天魔盗团3》(Now You See Me：Now You Don't) 以约1010万美元长周末票房居本期榜单第三位。其北美票房现约4968万美元，总票房约1.87亿美元。 新的一周，奇幻爱情片《英雄百夜》(100 Nights of ...

盘前要闻 1、涉及中际旭创、胜宏科技等，沪深300等A股多条重要指数样本股调整 类型：公司 情绪影响：正面 情绪影响：正面 截至11月30日，《疯狂动物城2》累计票房已突破19.2亿元，超越前作在中国内地创下的15.4亿元票房纪 录，并以惊人速度刷新纪录。中泰证券认为，今年是动画电影大年，电影行业迎来供给与结构改善。相 关电影上市公司有望获益，如优质内容供给及引进方及电影院线等上市企业。 3、产需两端均改善，11月制造业PMI小幅回升！机构预期稳增长措施将出台 类型：宏观 情绪影响：正面 国家统计局数据显示，11月份，制造业采购经理指数(PMI)为49.2%，比上月上升0.2个百分点，景气水 平有所改善。东方金诚分析师王青认为，不排除年底前出台新的稳增长措施的可能。其中，年底前财政 促消费力度有可能加大，央行还可能实施新一轮降息降准。 4、央行等部门首次公开定调稳定币，继续坚持对虚拟货币的禁止性政策 类型：行业 沪深300、中证500、上证50等多个重要指数将调整指数样本。华电新能、东山精密、指南针、胜宏科技 等调入沪深300指数；华工科技、光启技术、中际旭创、胜宏科技等调入中证A50指数；上证50指数更 换 ...

Core Insights - "Zootopia 2" has achieved significant box office success in China, surpassing 7 billion in single-day box office and over 19 billion in total, making it the highest-grossing imported film in Chinese history [1][4] - The film's IP has generated over 70 collaborations across various sectors, including fast fashion, dining, and personal care, appealing to a wide demographic from children to adults [4][6] - The emotional connection and nostalgia associated with the characters have driven audience engagement and merchandise sales, particularly among the 20-29 age group [11][14] Box Office Performance - "Zootopia 2" set a record with a single-day box office of 7 billion, surpassing the previous record held by its predecessor [1] - The total box office has exceeded 19 billion, significantly higher than the first film's 15.4 billion [1] IP Collaboration and Marketing - The film has seen over 70 collaborations since June, covering a wide range of consumer products and services [4] - Successful collaborations include popular brands like Starbucks, McDonald's, and various fashion retailers, indicating a broad market appeal [38][40] - The "Fox and Bunny" couple has become a major marketing focus, generating significant social media engagement and discussions [24][31] Audience Engagement - The film has successfully tapped into nostalgia, with many viewers reflecting on their personal growth since the first film's release nine years ago [8][11] - The emotional resonance of the characters has led to a strong connection with audiences, particularly among those who grew up with the original film [14][56] Merchandise Success - 52TOYS has emerged as a leading brand in merchandise sales, with its "Best Partners" series becoming a top seller on platforms like Tmall and Douyin [49][51] - The emotional appeal of the products, such as plush toys and collectibles, has resonated with consumers, turning them into "emotional containers" for fans [56][58] - The collaboration with 52TOYS highlights the importance of understanding the IP's core audience and emotional needs [51][61]

记者从日前在长沙召开的全国促进民营经济发展壮大现场会上获悉，国家发展改革委将进一步拓宽市场准入空间，强化要素支持保障，加快组建国家创业投 资引导基金，切实增强民营企业获得感。（新华社） 商务部决定自12月1日起，对原产于日本、美国、韩国和马来西亚的进口聚苯硫醚所适用的反倾销措施进行期终复审调查。（新华财经） 11月制造业PMI升至49.2% 景气水平有所改善制造业企业信心增强 中国成为全球最大绿色债券市场今年绿债发行总额同比增长92%至1018亿美元全球占比达20% 主要产油国宣布维持明年前三个月暂停增产计划当前石油市场基本面稳健将根据市场情况灵活调整增产节奏 国家统计局服务业调查中心、中国物流与采购联合会11月30日发布数据显示，11月，制造业采购经理指数（PMI）为49.2%，比上月上升0.2个百分点，景气 水平有所改善；生产经营活动预期指数为53.1%，比上月上升0.3个百分点，制造业企业对近期市场发展信心有所增强。非制造业商务活动指数为49.5%，比 上月下降0.6个百分点。综合PMI产出指数为49.7%，比上月下降0.3个百分点。（新华财经） 11月，钢铁行业PMI为48%，比上月下降1.2个百分点 ...

数据显示，影片《疯狂动物城2》票房已突破20亿。 根据猫眼专业版、灯塔预测，《疯狂动物城2》最终票房有望超过40亿，有望超《复仇者联盟4》成为中 国影史引进片票房冠军。 中泰证券认为，在国产动画电影制作水平迈上较高水平的同时，海外动画电影进入经典大IP不断延展价 值周期，走向持续变现的时期。2025年迎来动画电影大年，标志着中国动画电影市场进入本土与海外双 轮驱动的新阶段。 此外，《疯狂动物城2》IP联名70+，影视IP商业化版图持续拓展。截至《疯狂动物城2》上映首日，在 中国市场与其联名的品牌超70家，涵盖潮玩、食品饮料、服饰、零售、餐饮、宠物、游戏等众多行业。 《疯狂动物城2》不仅拓展了影视IP的盈利空间，同时借助联名热度反哺电影传播，让超级IP的价值持 续放大。未来，经典影视IP商业价值开发将继续延伸；新IP的后链路开发将前置，电影宣发期即进行商 业拓展，形成声量的互动叠加。 *免责声明：文章内容仅供参考，不构成投资建议 *风险提示：股市有风险，入市需谨慎 万达电影：国内电影院线龙头。 森马服饰：公司旗下品牌森马、巴拉巴拉、森马儿童已推出迪士尼疯狂动物城等IP联名产品。 公司方面，据中泰证券等表示 ...