《疯狂动物城2》和《阿凡达：火与烬》都要来了。 进入年底，电影市场将迎来多部重点作品。 11月26日，迪士尼经典动画影片《疯狂动物城》的续作《疯狂动物城2》将上映；而12月中旬，《阿凡达》系列的第三 部作品《阿凡达：火与烬》(下称《阿凡达3》)也将上映，电影市场热度有望整体提升。 11月24日，证券时报记者走访上海部分影院看到，影院已开始准备《疯狂动物城2》宣传物料，静待该片上映。 《疯狂动物城2》预售打破纪录 预售票房也足以证明其影响力。灯塔专业版数据显示，截至11月24日18时，该片的预售票房已接近2.2亿元。其中上映 首日预售近9000万元，上映首个周末(11月29日)预售超过7000万元。 迪士尼电影官方此前表示，《疯狂动物城2》已创下中国影史进口动画电影预售总票房冠军，也是中国影史首部预售超 过2亿元的进口动画电影。 兔子警官朱迪、狐狸尼克、动作极慢的树懒闪电……许多观众对多年前上映的经典动画电影《疯狂动物城》中的经典 角色或许仍记忆犹新。 《疯狂动物城2》是迪士尼动画电影《疯狂动物城》的续作。《疯狂动物城》于2016年3月在国内上映。此后该片于 2020年7月、2025年8月两次在国内重映，三次放 ...

北京商报讯（记者 卢扬 实习记者 华卓玛）11月24日，北京电影管理官方微信发布2025年10月上北京电 影剧本（梗概）备案、立项公示，共有15部国产片。 15部国产片包括《七号公馆》《凶宅直播间》《我管校长叫爸爸》《天鹅之恋》《大闹天漠》《马老弟 的假期：量子替身》《双面情人》《如此爱你》《沪上星火》《敦煌故事》《申公豹奇闻录》《木耳泡 发过久真的有毒吗》《玩转3D打印》《分身有术：走进数字人时代》《天行情歌》 ...

每经AI快讯，据猫眼专业版数据，电影《疯狂动物城2》映前2天，点映及预售总票房破2亿元，成中国 影史首部预售票房破2亿元的进口动画电影，持续刷新进口动画片预售票房纪录。 ...

Report Information - Report Type: Fixed Income Report - Release Date: November 24, 2025 - Analysts: Liang Weichao, Cui Chao [2] Industry Investment Rating No industry investment rating information is provided in the report. Core Viewpoints - The production side's heat continues to decline, with significant decreases in the operating rates of blast furnaces, asphalt, PX, PTA, all-steel tires, and semi-steel tires. - The commercial housing transaction area has marginally rebounded but remains lower than the same period in previous years. The land supply area is on a seasonal upward trend, and a peak in land supply is expected at the end of the month. - Prices have generally declined, including those of crude oil, coking coal, copper, aluminum, zinc, and four key monitored agricultural products: pork, eggs, vegetables, and fruits. - In terms of shipping prices, the SCFI has declined for three consecutive weeks, while the BDI has risen significantly. Short-term focus should be on the implementation of incremental policies on the consumption and investment sides and the recovery of the real estate market [2][32]. Summary by Directory Production - Steel: The coke oven capacity utilization rate remained flat, the blast furnace operating rate decreased by 0.62 pct, and the rebar production increased by 7.96 tons [3][9]. - Petroleum Asphalt: The operating rate decreased by 4.2 pct [3][9]. - Chemicals: The PX operating rate decreased by 0.36 pct, and the PTA operating rate decreased by 4.25 pct [3][9]. - Automobile Tires: The all-steel tire operating rate decreased by 3.19 pct, and the semi-steel tire operating rate decreased by 2.61 pct [3][10]. Demand - Real Estate: The commercial housing transaction area marginally rebounded, the inventory-to-sales ratio increased, the land supply area grew, and the residential land transaction premium rate decreased [3][15]. - Movie Box Office: It increased by 444 million yuan compared to the previous week [3][15]. - Automobiles: The daily average retail sales of automobile manufacturers increased by 21,000 vehicles, and the daily average wholesale sales increased by 27,000 vehicles [3][17]. - Shipping Freight Rates: The SCFI index decreased by 3.98%, the CCFI index increased by 2.63%, and the BDI index increased by 7.06% [3][20]. Prices - Energy: The Brent crude oil price decreased by 2.84% to $62.56 per barrel, and the coking coal futures price decreased by 7.33% to 1,113 yuan per ton [4][22]. - Metals: The LME copper, aluminum, and zinc futures prices changed by -0.63%, -1.77%, and -0.75% respectively, while the domestic rebar futures price increased by 0.43% [4][23]. - Agricultural Products: The overall price slightly declined, with the Agricultural Product Wholesale Price 200 Index decreasing by 0.10%. The prices of pork, eggs, vegetables, and fruits changed by -0.83%, -3.46%, -0.70%, and -0.14% respectively compared to the previous week [4][25]. Logistics - Subway Passenger Volume: In Beijing, it decreased, while in Shanghai, it increased [4][28]. - Flight Operations: Both domestic and international flight volumes rebounded [4][29]. - Urban Traffic: The peak congestion index in first-tier cities stabilized and rebounded [4][29]. Summary - The production continues to decline, and prices are generally decreasing. Short-term focus should be on the implementation of incremental policies on the consumption and investment sides and the recovery of the real estate market [32].

Industrial Sector - Steel and building materials production has rebounded, while the operating rate of float glass has decreased[2] - The apparent demand for steel building materials has increased, while the operating rate for the textile polyester sector has shown seasonal weakness[2] - The operating rates for automotive tires have slightly declined this week[2] Real Estate - New home sales in 30 major cities decreased by 20.8% year-on-year, but the growth rate improved by 8.7 percentage points compared to last week[2] - The second-hand housing listing price index fell by 0.98% week-on-week, indicating a slight narrowing of the decline[2] Domestic Demand - Movie box office revenue increased by 74.7% year-on-year, with a daily average of 83.89 million yuan[2] - The volume of postal express deliveries has grown by 8.3% year-on-year, showing recovery in logistics[2] - Retail sales of major home appliances decreased by 34.6% year-on-year, a decline of 7.2 percentage points compared to the previous value[2] External Demand - Port cargo throughput increased by 3.4% year-on-year, while container throughput rose by 7.4%[2] - The export container freight index rose by 2.6% week-on-week, indicating a slight increase in shipping costs[2] Prices - The agricultural product wholesale price index fell by 0.1% week-on-week, reflecting seasonal trends[2] - The industrial product prices weakened, with the South China industrial product index dropping by 1.9%[2]

Core Viewpoint - The importance of listed companies in stabilizing the capital market and promoting sustainable development is increasingly recognized, especially in the current environment where market sentiment is volatile. High-quality companies that focus on core operations and deliver excellent performance are essential to restore investor confidence and stabilize market expectations [1]. Group 1: Market Valuation and Investment Opportunities - A-share valuations are currently at a low level, indicating potential for recovery and highlighting long-term investment value [2][3]. - The medical industry is expected to grow significantly due to China's large population and increasing healthcare demands, driven by the "Healthy China" strategy [2]. - The market is experiencing a divergence where funds are increasingly concentrated on high-quality companies, reflecting a shift towards value investing [4][5]. Group 2: Company Actions and Strategies - Companies like Aier Eye Hospital are committed to aligning interests with investors and enhancing performance, achieving a market value of approximately 80 billion yuan, which is 12 times its initial listing value [6]. - Dabeinong is balancing short-term and long-term goals through employee stock ownership plans to ensure sustainable growth [6]. - Guolinda aims for stable revenue growth and successful cloud transformation while focusing on shareholder returns [7]. Group 3: Economic Environment and Future Outlook - Positive fiscal policies are anticipated in the second half of the year, which may improve the macroeconomic environment and boost investor confidence [3]. - The A-share market is expected to gradually return to value investing as macro policies adjust and market sentiment stabilizes [2][3]. - The inclusion of A-shares in the MSCI index is seen as a beneficial factor, indicating a potential shift in market investment styles towards high-quality growth companies [4].

Core Insights - The film "Wild Era," directed by Bi Gan and featuring actors Yi Yangqianxi and Shu Qi, has achieved a box office of 124 million yuan within three days of its release, indicating a strong performance for an art film [1][5] - The film has received mixed reviews, with a Douban rating of 6.5, reflecting a polarized audience response [1][7] - The success of "Wild Era" suggests a growing potential for art films to penetrate mainstream consumer markets [1][10] Box Office Performance - "Wild Era" opened with a pre-sale that generated over 10 million yuan within 8 hours and surpassed 90 million yuan in five days [5] - As of November 24, the film's total box office reached 124 million yuan, with a market share of 27.9% in screenings [5][6] - The film's revenue distribution shows that the production company retains 39.43%, cinemas 52.27%, and other parties 8.30% [3] Audience Demographics - The film's audience is predominantly female, accounting for 88.8%, with a significant portion (43.5%) coming from second-tier cities [7][8] - The film's appeal is driven by the fan bases of both director Bi Gan and lead actor Yi Yangqianxi [7] Critical Reception - The film has sparked discussions on social media, with some viewers finding it difficult to understand, while others praised its artistic style and sensory experience [6][7] - Critics note that the film's artistic nature contributes to its mixed reception, which is common for art films in mainstream markets [7][10] Production and Distribution - "Wild Era" premiered at the 78th Cannes Film Festival and received a special award, highlighting its international recognition [8] - The film's production involved multiple companies, including Shanghai Huace Film & TV and Dangmai Film, showcasing a collaborative approach [8] - The global distribution strategy has reduced reliance on any single market, enhancing the film's financial viability [8][10] Industry Trends - The overall film market in China has seen a significant increase, with total box office revenue reaching 43.789 billion yuan, a year-on-year growth of 18.98% [9] - Experts suggest that art films need to innovate and balance artistic integrity with commercial viability to succeed in the current market [10]

展映影片均系在中国内地首次亮相 海南日报讯(海南日报全媒体记者 李艳玫)近日，第七届海南岛国际电影节"金椰奖"系列活动之一 的"首映"单元片单正式发布。该单元所有影片均系在中国内地首次亮相，将为广大影迷带来一场独具魅 力的光影盛宴。 作为本届电影节的重要展映板块，"首映"单元聚焦年度全球影坛佳作，荟萃了电影大师的最新力作 和影坛新锐的突破之作。 展映片单中，多部国际知名影人执导的新作备受关注。包括美国演员海莉·盖尔斯首次执导的《阿 特罗皮亚》、英国演员詹姆斯·麦卡沃伊执导的《加州骗局》、波兰导演阿格涅丝卡·霍兰执导的《弗兰 茨》、菲律宾导演拉夫·迪亚兹的新作《麦哲伦》等。同时，本届"首映"单元还汇聚了多部在国际重要 影展中备受好评的作品。 第七届海南岛国际电影节组委会相关负责人表示，本届电影节将继续秉持"全年展映、全岛放映、 全民观影、全产业链"的办节理念，为国内外电影人搭建交流平台，为观众呈现更多优秀电影作品。目 前电影节各项筹备工作正在有序推进，更多精彩内容将持续发布。 第七届海南岛国际电影节"首映"单元片单发布 ...

Investment Rating - The industry rating is "Recommended" [4] Core Insights & Investment Recommendations - Unity and Epic Games announced a strategic partnership to create an open and interoperable ecosystem for game engines, allowing developers to publish Unity games on the Fortnite platform with over 500 million registered accounts, enhancing user reach and commercialization efficiency [2][21] - NVIDIA's quarterly performance exceeded expectations, with data center revenue growing by 289% year-on-year, reflecting strong demand for AI infrastructure [3][22] - The report suggests focusing on investment opportunities in leading internet companies in Hong Kong, the gaming industry, and the film and cultural tourism sectors, driven by consumption policies and technological empowerment [3][22] Sub-industry Data Film Industry - The top three films by box office this week are "Demon Slayer: Infinity Castle" with 134.67 million yuan (42.9% market share), "Wild Era" with 75.67 million yuan (24.1%), and "Now You See Me 3" with 55.44 million yuan (17.7%) [23][24] Gaming Industry - The top three iOS games by revenue are "Teamfight Tactics," "Dungeon & Fighter: Origin," and "Honor of Kings," while the top three Android games are "Heart Town," "Sword and Magic Legend," and "My Leisure Time" [25] TV Series Industry - The top three TV series by broadcasting index are "Tang Dynasty Ghost Stories: Chang'an," "Four Happiness," and "Phoenix Platform," with indices of 85.5, 82.4, and 81.8 respectively [26][27] Variety Shows & Animation - The top variety show is "Now Departing Season 3" with a broadcasting index of 82.4, followed by "Wonderful Night Season 2" and "Flowers and Youth Together" [28][29] - The top three animated shows by viewership index are "Xian Ni" with 212.8, "Happy Hammer" with 191.6, and "Swallowing the Starry Sky" with 187.2 [30]

Core Insights - The exhibition "To Shanghai - Commemorating the 120th Anniversary of Chinese Cinema" showcases the historical significance of the film "Dingjun Mountain," which is considered the beginning of Chinese cinema, despite the original film being lost in a fire [1][2] - The event highlights the deep-rooted connection between the Tan family and the film industry, with multiple generations involved in film creation and performance [2] - The exhibition features 761 items, including the 120-second tribute film to "Dingjun Mountain," marking a significant moment in the history of Chinese cinema [3][4] Summary by Sections Historical Context - "Dingjun Mountain," filmed by Tan Xinpei in 1905, is recognized as the first Chinese film, but only a single still remains due to a fire that destroyed the original footage [1][2] - The film's premiere attracted massive attention, reflecting the public's excitement for seeing a Chinese film for the first time [2] Exhibition Details - The exhibition at the Shanghai Film Museum is the largest and most comprehensive since its opening, featuring a variety of historical documents, artifacts, and recreated scenes [3][4] - It aims to celebrate the achievements of Shanghai in the film industry, showcasing significant films and technological advancements over the years [4] Cultural Significance - The influence of traditional Chinese opera on cinema is emphasized, with many film masters drawing inspiration from this art form [3] - The exhibition serves as a reminder of Shanghai's pivotal role in the development of Chinese cinema, transitioning from its origins in Beijing to becoming a thriving film hub [3][4]