背后是作为2025年最重磅的超级IP续作之一，《阿凡达3》这部由詹姆斯·卡梅隆执导的好莱坞巨片，没 能延续前作的火热，内地上映票房遇冷。据猫眼数据，电影《阿凡达3》上映3天，总票房破4亿元。 《阿凡达3》上映正逢周末。但据灯塔专业版数据，截至12月19日24时，《阿凡达3》内地首日票房（含 点映及零点场）1.21亿元，剔除点映收入实际首日票房不足1亿元。 新京报贝壳财经讯 12月22日早盘，影视院线板块盘初走弱，博纳影业跌停。 ...

据猫眼数据，电影《阿凡达3》上映3天，总票房破4亿元。 《阿凡达3》上映正逢周末。但据灯塔专业版数据，截至12月19日24时，《阿凡达3》内地首日票房（含 点映及零点场）1.21亿元，剔除点映收入实际首日票房不足1亿元。 作为2025年最重磅的超级IP续作之一，这部由詹姆斯·卡梅隆执导的好莱坞巨片，没能延续前作的火 热，内地上映票房遇冷。 《阿凡达：火与烬》（即《阿凡达3》）是目前三部曲中最长的一部，但超长放送并没带来高口碑， 《阿凡达3》豆瓣评分为7.6分，是该系列最低分，不仅低于《阿凡达》第一部的8.8分，也低于《阿凡 达：水之道》的7.8分。 《阿凡达》系列前两部电影在中国内地均突破17亿票房。2022年12月，《阿凡达2》预售开启4日后点映 及预售票房已突破1亿元，上映前6小时突破2亿元。 此前，据猫眼专业版预测，《阿凡达3》预测内地总票房为11.69亿元。但影片预售开启4日票房仅破 6000万，相较于《阿凡达2》同期破亿的成绩近乎腰斩。上映后票房稳步攀升，但与前作上映时IMAX 场次一票难求相比，《阿凡达3》的普通厅即便票价低至20多元，上座率也不尽如人意，只有核心特效 厅还能保持较高热度。 除了票 ...

与此同时，《 BUG》栏目发现，作为影片投资方，博纳影业的股价因《阿凡达3》上映预 期坐上"过山车"，12月2日至12日，公司总市值从97.73亿元飙升至183.5亿元，而截至12 月19日收盘，其总市值回落至138.41亿元，一周时间市值蒸发45亿元。 值得一提的是， 博纳影业集团创始人、董事长兼总经理于冬曾在去年年底提到，博纳影业依旧会做 "超级大 片"，他还认为"喜剧电影票房高、成本低，但这类同质化严重的作品很快会消耗观众对电 影的耐心和热情"。 首日票房疲软 ， 今日 排片下滑 12月19日，《阿凡达3》正式登陆内地院线，根据灯塔专业版数据，截至12月19日24时， 《阿凡达3》内地首日票房（含点映及零点场）定格在1.21亿元。若剔除点映收入，实际首 日票房不足1亿元。这一表现与前作《阿凡达：水之道》2022年12月16日上映时斩获的 1.62亿元（含点映）相比，同比跌幅达25.3%；即使对比不含点映的1.26亿元，降幅仍超 过20%。 文 | 《BUG》栏目 罗宁 据网络平台数据，截至 12月20日11时28分，影片《阿凡达3》票房突破2亿元。 作为 2025年 最重磅的 超级 IP续作 之一 ，这 ...

Core Viewpoint - Huayi Brothers announced a share reduction plan by its shareholder Alibaba Venture Capital, which will decrease its shareholding percentage, but this will not adversely affect the company's operations or control structure [2]. Summary by Relevant Sections Shareholding Changes - Alibaba Venture Capital's shareholding will decrease from 3.467799% to 2.403580%, while the combined shareholding of Alibaba Venture Capital and Jack Ma will drop from 6.064215% to 4.999996% [2]. - After the reduction, Alibaba Venture Capital and Jack Ma will hold a total of 138,725,196 shares, representing 4.999996% of the total share capital [2]. Impact on Company Structure - The share reduction is expected to stabilize the company's equity structure and will not lead to any changes in the controlling shareholder or actual controller of Huayi Brothers [2].

Group 1: Lin Qingxuan's IPO - Lin Qingxuan, a domestic skincare brand, has passed the listing hearing on the Hong Kong Stock Exchange, focusing on a "herbal + technology" concept [1] - The company expects revenue to reach 1.052 billion yuan in the first half of 2025, representing a year-on-year growth of approximately 98.5%, with a profit of 182 million yuan during the same period [1] - Lin Qingxuan currently operates over 500 stores nationwide, primarily located in shopping malls [1] Group 2: Film Industry Adjustment - The film sector continues to experience a downturn, with Bona Film Group facing consecutive trading halts and other companies like Beijing Culture and China Film also declining [2] - Bona Film announced on December 14 that its investment return ratio for "Avatar 3" is low, and the company remains in a loss position, leading to a lack of short-term performance boosts [2] - The rapid capital outflow indicates weak sentiment in the sector, suggesting a cautious approach towards companies lacking clear release schedules [2] Group 3: Kering Group's Real Estate Transaction - Kering Group has signed a joint venture agreement with private equity firm Ardian for a real estate project on Fifth Avenue in New York, with a total transaction value of 900 million USD [3] - Kering will receive a net gain of 587 million euros from this transaction, which aids in reducing leverage and allows the company to focus on its core luxury business [3] - The immediate cash inflow is beneficial for Kering's balance sheet, but the one-time real estate gain has limited contribution to core profits [3] Group 4: Louvre Museum Closure - The Louvre Museum in Paris was unexpectedly closed on December 15 due to employee strikes demanding better working conditions, disrupting visitor plans [4] - The museum's regular closure on Tuesdays means it will remain closed on December 16, with uncertainty about reopening on December 17 [4] - Prolonged strikes could negatively impact local tourism, affecting hotels, restaurants, and retail sales in the area, although the direct impact on the secondary market is limited [4]

Core Viewpoint - Warner Bros. Discovery's board is likely to recommend shareholders vote against Paramount's $108.4 billion hostile takeover bid and instead support the existing agreement with Netflix for a $72 billion acquisition of Warner Bros.' film and television production assets and content library [1] Group 1 - Warner Bros. Discovery's board is expected to make a decision regarding Paramount's takeover bid on Wednesday [1] - The board's recommendation is to oppose the $108.4 billion offer from Paramount and favor the $72 billion deal with Netflix [1] - The decision puts pressure on Paramount and its CEO David Ellison to consider increasing their acquisition offer [1] Group 2 - Jared Kushner's private equity firm, Affinity Partners, previously participated as an equity investor in Paramount's acquisition proposal but has now withdrawn [1] - Warner Bros. spokesperson declined to comment on the situation as of the report's publication [1]

作者 |第一财经 揭书宜 12月16日，博纳影业（001330.SZ）跌停，报10.82元/股。12月15日，博纳影业也跌去9.96%。 在此之前，博纳影业因间接参投《阿凡达3》而备受市场关注。而在此前的9个交易日中，博纳影业一直 在上涨。博纳影业在12月14日公告称，公司股票连续3个交易日收盘价格涨幅偏离值累计超20%，构成 交易异常波动。 截至12月16日，据灯塔专业版数据，电影《阿凡达3》预售总票房破4800万元。 2025.12.16 本文字数：776，阅读时长大约2分钟 这已经是博纳影业本月第三次发布股票交易异常波动公告。此前，博纳影业已经在12月2日、3日、4 日，以及12月5日、8日、9日，两次出现连续3个交易日内收盘价格涨幅偏离值累计超过20%。 公司公告显示，博纳影业主营电影、影院、剧集等业务，目前业绩处于亏损状态。2025年前三季度公司 实现营业收入9.72亿元，同比微增1.29%，归属于上市公司股东的净利润亏损11.09亿元，亏损额同比扩 大213.11%。 即使最近股价整体上涨不少，但博纳影业在公告中强调，关注到股吧等投资者交流平台内"《阿凡达 3》"有关话题热度较高。需特别说明的是， ...

Core Viewpoint - The film "Avatar 3" has generated significant pre-sale box office revenue of over 48 million yuan, while Bona Film Group's stock has experienced volatility, including a recent drop to 10.82 yuan per share after a period of increase [1][3]. Group 1: Film Performance - "Avatar 3" is set to be released on December 19, with advanced screenings starting on December 18 at 6 PM [3]. - The film, directed by James Cameron, is the longest in the "Avatar" series at 198 minutes and continues the story of Jake Sully's family on Pandora [3]. - Pre-sale box office revenue for "Avatar 3" has surpassed 48 million yuan as of December 16 [1]. Group 2: Company Stock Activity - Bona Film Group's stock has faced significant fluctuations, including a 9.96% drop on December 15 and a trading halt on December 16 [1][3]. - The company has issued multiple announcements regarding abnormal stock trading activity, with cumulative price deviations exceeding 20% on several occasions throughout December [3][4]. - Despite recent stock price increases, Bona Film Group has indicated that the investment return rights for "Avatar 3" are relatively low, suggesting limited short-term impact on the company's performance [4]. Group 3: Financial Performance - Bona Film Group reported a revenue of 972 million yuan for the first three quarters of 2025, reflecting a slight year-on-year increase of 1.29% [3]. - The company recorded a net loss of 1.109 billion yuan, with losses expanding by 213.11% compared to the previous year [3].

Market Overview - The A-share market experienced a collective decline, with the Shanghai Composite Index falling by 1.11% to 3824 points, the Shenzhen Component Index down by 1.51%, and the ChiNext Index dropping by 2.1% [1][2] - The total market turnover was 1.75 trillion yuan, a decrease of 463 billion yuan compared to the previous trading day, with over 4300 stocks declining [1] Sector Performance - The precious metals sector saw significant declines, with notable drops in stocks such as Xiaocheng Technology and Western Gold, which fell over 8% and 7% respectively [4][5] - The Hainan sector faced pressure, with New Dazhou A dropping over 9% and other stocks like Hainan Highway and Hainan Ruize also declining [10] - The controllable nuclear fusion sector experienced a sharp drop, with Guoji Heavy Industry and Jingda Co. hitting the daily limit down [8][9] - The retail sector saw gains, with stocks like Yonghui Supermarket and Cuilan Co. hitting the daily limit up, supported by government policies aimed at boosting consumption [12][16] Notable Stocks - Xiaocheng Technology closed at 29.46 yuan, down 8.51%, while Western Gold ended at 26.10 yuan, down 7.61% [5] - Yonghui Supermarket reached a closing price of 5.56 yuan, up 10.10%, following announcements from the central government regarding economic policies [12][16] - The film industry faced declines, with Bona Film Group hitting the limit down and other companies like China Film and Ciweng Media dropping over 9% [6][7] Policy Impact - The central government emphasized expanding domestic demand as a key task for the upcoming year, which is expected to influence market sentiment positively [11][16] - The Hainan Free Trade Port is set to officially start operations on December 18, 2025, which may impact local businesses and investment opportunities [13]

Market Overview - The A-share market experienced a day of volatility, with all three major indices opening lower and continuing to decline throughout the day [1] - The total trading volume in the Shanghai and Shenzhen markets was 1.72 trillion, a decrease of 49.3 billion compared to the previous trading day [1] - Over 4,300 stocks in the market saw declines [1] Sector Performance - The internet finance sector showed strength, with stocks like Hengbao Co. and Chuangshi Technology hitting the daily limit [1] - The commercial aerospace sector remained active, with Hualing Cable achieving four consecutive trading limit increases, and Aerospace Electronics and Tongyu Communication achieving two consecutive limit increases [1] - The retail sector was strong throughout the day, with Baida Group achieving four consecutive limit increases, and Hongqi Chain and Guangbai Co. both achieving two consecutive limit increases [1] - The intelligent driving concept saw a counter-trend rise, with stocks like Zhejiang Shibao and Suoling Co. hitting the daily limit [1] - Conversely, the film and television sector experienced a collective decline, with Bona Film Group facing two consecutive limit decreases [1][2] Index Performance - By the end of the trading session, the Shanghai Composite Index fell by 1.11%, the Shenzhen Component Index dropped by 1.51%, and the ChiNext Index decreased by 2.1% [3]