（文章来源：证券日报） 证券日报网讯 12月1日，万达电影在互动平台回答投资者提问时表示，根据公司披露的第三季度报告， 截至2025年9月30日，公司股东户数为106181户。 ...

Core Insights - Disney's "Zootopia 2" has achieved significant box office success, surpassing 1.9 billion yuan in total revenue, despite mixed reviews regarding its storyline [1][8][30] - The film's marketing strategy includes nearly 60 collaborative events with various brands, enhancing its presence in consumer markets [4][14] - Disney's focus on familiar narratives and established IPs reflects a strategy to mitigate risks in an unpredictable box office environment [24][30] Box Office Performance - "Zootopia 2" pre-sale ticket sales exceeded 310 million yuan, making it the highest pre-sale animated film in Chinese history [1] - As of November 30, the film's total box office has surpassed 1.9 billion yuan [1] Marketing and Consumer Engagement - The film has initiated extensive collaborations across various sectors, including toys, food, and fashion, indicating a comprehensive marketing approach [4][14] - The engagement of audiences through social media and interactive experiences in Disney parks has created a cycle of consumer interest and spending [13][24] Audience Reception - The film appeals to a broad demographic, resonating with children, young adults, and older audiences through its themes of social issues and personal relationships [5][7] - Despite some criticisms of the sequel's predictability, the familiarity of the characters and story has maintained audience interest [24][30] Strategic Implications for Disney - Disney's reliance on established franchises like "Zootopia" highlights its need for successful IPs to navigate current market challenges [24][30] - The company's recent restructuring efforts and focus on profitability in its streaming services indicate a shift in strategy to ensure long-term sustainability [28][30]

Core Viewpoint - Wanda Film (002739) reported that as of September 30, 2025, the distributable profits for shareholders will be negative, which does not meet the conditions for implementing cash dividends [1] Group 1 - The company aims to continuously consolidate and strengthen its core competitiveness [1] - The company is committed to improving its operating performance [1] - The company strives to restore the conditions for dividend distribution as soon as possible [1]

Core Viewpoint - Wanda Film (002739) stated that the investment situation of its films should be based on the company's released film list [1] Summary by Categories - **Company Information** - Wanda Film confirmed that the investment details regarding its films will be aligned with the film list published by the company [1]

证券日报网讯 12月1日，万达电影在互动平台回答投资者提问时表示，公司子公司互爱互动积极响应国 家文化出海战略，以"跨界塑造超级IP，进军全球市场"为经营策略推进各项工作，构建从IP合作到研发 合作、游戏发行、海外运营的完整产业链条。互爱互动将秉承"聚焦经典IP"的理念持续与多家版权公司 洽谈IP合作事宜，为长期发展储备更多优质IP。同时，互爱互动将积极探索与其他板块的协同，在IP联 动、技术协同、宣发一体化、长线运营等方面发力，通过游戏、动漫、影视的深度联动，不断提高经营 业绩。 （文章来源：证券日报） ...

《疯狂动物城2》由美国迪士尼影业出品，于2025年11月26日在中国内地及北美同步上映。上映之前，《疯狂动物城2》就刷新中国影史动画电影预售票房 纪录，正式上映之后，《疯狂动物城2》持续展示出强大的吸睛与"吸金"能力：上映首日票房2.28亿元；映后2天，观影人次破一千万；11月28日，以31.3 万的场次刷新中国影史单片单日场次纪录。 进入周末，11月29日，《疯狂动物城2》单日票房高达7.38亿元，超越《复仇者联盟4：终局之战》，登顶中国进口片单日票房冠军，也成为今年除春节档 之外，唯一单日票房超过7亿元的影片。截至11月30日，《疯狂动物城2》上映首周，中国内地票房报收2.74亿美元，超越北美票房成绩，成为本片全球第 一大票仓。 猫眼专业版显示，截至目前，《疯狂动物城2》已经打破60项纪录，包括中国影史进口动画片票房冠军、2025进口片内地票房冠军、内地影视进口片单日 票房冠军、内地影史单片单日总场次冠军、内地影史进口动画片观影人次冠军等。 《疯狂动物城2》是迪士尼于2016年上映的《疯狂动物城》的续作，前作此前在中国内地创下15.38亿元累计票房，豆瓣评分高达9.3分。以该电影为蓝本的 游乐园于2023 ...

专题：2025分析师大会：资本市场"奥斯卡"启幕 【相关阅读】第七届新浪财经金麒麟最佳分析师荣誉榜 第七届新浪财经金麒麟最佳分析师荣誉榜出炉，传媒行业第一名为广发证券旷实团队。 新浪财经整理旷实最新观点如下： 广发证券传媒行业专题：从流量价值、商业模式、AI赋能探寻漫剧行业的演进 风险提示。面向短剧、漫剧的审查政策进一步收紧；短剧项目收益的不确定性；AI相关技术进展缓慢 广发证券-传媒行业海外电商趋势研究：区域竞争加剧，中国玩家商业模式升级 中国在全球市场位居电商规模第一名，新兴市场电商规模增速更快。从全球电商市场规模的绝对值上 看，中国位居全球第一位，其次是美国、英国、韩国等国家。经济水平发展程度是决定电商市场绝对规 模的因素之一，社会零售总额高、经济水平较高，则电商有更大的发展空间。在过去5年时间里，东 欧、拉美、中东和非洲以及亚太区域的电商规模复合增长率高于世界平均水平，而北美和西欧则落后于 平均水平。虽然在全球不同区域内推动电商发展的主要驱动力是相似的，但由于该业务的本地化运营属 性比较强，我们认为电商依然呈现不同区域内有不同的领先玩家的模式，暂时没有出现一家独大或者全 球走向整合的趋势。 展望202 ...

Core Insights - The report highlights that the "Guochao" culture has deeply integrated into the daily lives of contemporary youth, with film and television works being the most popular medium at 73.21% [1] - The report indicates that Guochao films and dramas serve as dual carriers of cultural confidence and emotional resonance, with major themes being revolutionary subjects (54.44%), contemporary urban themes (48.85%), and ancient legendary themes (47.72%) [1] - iQIYI's productions have sparked widespread discussions among the youth, with specific titles like "Tang Dynasty Mystery" and "My Alashan" gaining significant attention [1] Film and Television Performance - iQIYI's dramas such as "Tang Dynasty Mystery" have integrated elements of Tang architecture and art into suspenseful narratives, achieving over 100 million interactions on bullet screens [1] - "My Alashan" has resonated with audiences through its portrayal of Kazakh nomadic culture, contributing to a tourism boom in Xinjiang [1] - "Love You" introduces traditional Chinese medicine culture, educating young viewers about herbal medicine through its episodic structure [1] - "Life of All Things" reflects the changing fate of farmers in China, showcasing local cultural practices during traditional festivals [1] Variety Show Success - Guochao variety shows have also performed well, with historical interpretation (53.24%), music competition (51.87%), and cultural exploration (46.18%) genres being particularly popular [3] - iQIYI's variety show "Let's Farm 3" promotes rural revitalization by engaging in local agricultural activities, instilling a sense of resilience and teamwork among contemporary youth [3] - "Ha Ha Ha Ha" showcases China's infrastructure capabilities and cultural output through a special episode on the China-Laos Railway [3] - "A Journey of Blossoms 2" presents a panoramic view of China's cultural landscape, fostering a healing journey through cultural dialogue [3] Audience Engagement and Cultural Connection - iQIYI's Vice President Wang Xiaoyan emphasized that young viewers are not just consumers but co-creators, with 52.59% of respondents discussing Guochao elements through bullet screens and comments [5] - The interactive model allows for continuous revitalization of content based on audience feedback, enhancing viewer engagement [5] - The popularity of Guochao dramas is attributed to creators' thoughtful innovation and transformation of traditional culture, making it relevant to modern life [5] - iQIYI's commitment to delivering quality content has successfully established a deep connection between Guochao culture and young users [5]

Group 1: Market Trends - The market showed strong performance in two main sectors: non-ferrous metals and consumer electronics, with significant gains in leading stocks such as Zijin Mining and Luoyang Molybdenum [1] - Industrial metals, precious metals, and minor metals are gaining attention due to tightening global supply and rising expectations for a Federal Reserve rate cut in December, with silver and copper reaching historical highs [1] - The consumer electronics sector experienced a surge, particularly in AI smartphone stocks, with ZTE Corporation hitting its daily limit and a market capitalization of 221.48 billion [3] Group 2: Emei Mountain A - Emei Mountain A stock reached its daily limit, with a market capitalization of 7.461 billion and a trading volume ratio of 8.89 [5] - The company announced a shareholder return event scheduled from December 1, 2025, to January 31, 2026, offering various benefits to shareholders holding 500 shares or more [6] - The event includes perks such as tickets, cable cars, hotels, hot springs, skiing, tea, and cultural products, reflecting a trend of increasing physical dividends among A-share companies [6][7] Group 3: Film and Entertainment Sector - The film and cinema sector saw an increase, with China Film hitting its daily limit and achieving two consecutive gains [8] - The film "Zootopia 2" has grossed 1.913 billion in its first five days, breaking multiple records and becoming the highest-grossing imported animated film in China [10] - The 2025 annual box office has surpassed 48 billion, indicating a strong recovery in the film market compared to the previous year's total of 42.502 billion [10] - The holiday season (November 28 to December 31) has begun with over 50 films scheduled for release, catering to diverse audience preferences [11] - Analysts suggest that the film industry is poised for structural upgrades driven by ticket sales recovery and AI technology, recommending a focus on tech-driven content companies and those with strong IP and short drama operations [11]

Core Insights - The article highlights the overwhelming popularity of "Zootopia 2" in the Chinese market, achieving a box office of over 1.15 billion yuan within just four days of release, with a staggering 94.8% market share on the day of reporting [3][4][5] - The film's success is attributed to its engaging story, relatable characters, and the emotional connection it fosters with the audience, particularly through the dynamic between the characters Nick and Judy [1][11][13] Box Office Performance - "Zootopia 2" has dominated the box office with a total of 1.15 billion yuan in just four days, showcasing its strong appeal and financial success [3][4] - The film's market share reached 94.8%, indicating that nearly every moviegoer was attending this film on the reporting day [3] Audience Engagement - The film's narrative resonates with Chinese audiences, reflecting their experiences and aspirations, particularly through Judy's journey from a small-town rabbit to a city police officer [5][9][10] - The emotional depth of the characters, especially the partnership between Nick and Judy, is emphasized as a key factor in audience connection [11][13][17] Thematic Elements - "Zootopia 2" continues to explore themes of communication and trust, showcasing how the characters navigate their relationship amidst challenges [15][13] - The film presents a utopian vision of a society where different species coexist, promoting respect and understanding among diverse individuals [20][22] Visual and Technical Aspects - The film is noted for its rich visual details and immersive world-building, which enhances the viewing experience and attracts audiences [22] - Disney's commitment to high-quality animation and storytelling is evident in the film's production, with extensive research and development contributing to its success [22]