文｜每日人物 常芳菲 编辑｜Yang 银幕之外，迪士尼正在娴熟地运作着一条"顶流生产线"：抓准情绪、打造人设、制造糖点，将朱迪和尼克塑造成新一代流量明星。 《疯狂动物城2》是迪士尼在创作瓶颈与业绩压力下，打出的一张最稳妥的王牌。当年轻人涌向动物城寻找青春与快乐时，他们也成为了这个商业链条上 最深情，也最慷慨的一环。 疯狂的年轻人，涌进动物城 凌晨的电影院，好久没有这么热闹。 已经过了营业时间的商厦，开放了角落的侧门通向电影院。顶着困意和冷风，一批批年轻人攥着电影票，想要在第一时间见到等待了9年的"狐兔CP"。 11月26日凌晨，《疯狂动物城2》正式在中国上映。根据猫眼专业版数据，截止正式上映前，《疯狂动物城2》的预售票房已经达到3.1亿元，打破了《哪 吒2之魔童闹海》的纪录，成为中国影史动画电影预售票房冠军。同时，预计内地总票房将达到24亿。 迪士尼让这个原本冰凉的档期重新热起来。刘月是江苏区域一家院线的经理，《疯狂动物城2》零点场，她排在能容纳300人的大厅。预售刚刚开启就卖出 了一半的位置。她为电影还有这样的号召力而快乐，"周中上（映），大家第二天还得上班、上学，但还是熬夜也要来影院"。 上映当天，《疯狂 ...

Group 1 - The core viewpoint of the article is the launch of the SOL China Consumption Trend ETF by Shinhan Asset Management in collaboration with Solactive, aimed at capturing growth in the Chinese consumer market [1][4] - The ETF tracks the Solactive-KEDI China Consumption Trend Index, which focuses on the growth dynamics of the consumer market in mainland China and Hong Kong [1][4] - The index is designed to select and track the top ten consumer or consumer staples companies listed in Hong Kong based on liquidity and growth, with a minimum rolling sales growth rate of 10% [2][3] Group 2 - The index composition includes companies such as 361 Degrees International, Alibaba Pictures, Anta Sports, and others, reflecting a diverse range of sectors including retail, dining, and entertainment [3] - The ETF is set to be listed on the Korean Exchange on November 25, 2025, highlighting the importance of domestic consumption in China's economic transition from export-driven to consumption-driven growth [4][5] - The ETF is positioned as the only "new consumption" ETF in Korea, providing investors with exclusive access to the emerging Chinese consumer market [5]

Group 1: Core Insights - South Korean asset management firm Shinhan Asset Management has launched the SOL China Consumption Trend ETF, which tracks the Solactive-KEDI China Consumption Index to capture growth in the consumer markets of mainland China and Hong Kong [1][5] - The ETF is set to be listed on the Korean Exchange on November 25, 2025, highlighting the importance of domestic consumption in China and the structural shift from export-driven growth to consumption-driven economy [5] Group 2: Index Composition and Methodology - The Solactive-KEDI China Consumption Index selects and tracks the top ten consumer discretionary or staples companies listed in Hong Kong based on liquidity and growth, including sectors like retail, dining, and entertainment [2][3] - Eligible constituents must have a rolling twelve-month sales growth rate of at least 10%, with the scoring based 30% on market capitalization and 70% on sales growth rate [2][3] Group 3: Current Index Constituents - As of now, the index includes companies such as 361 Degrees International Ltd, Alibaba Pictures Group Ltd, Anta Sports Products Ltd, and others, reflecting a diverse range of consumer sectors [4] Group 4: Investment Trends - In the past month, South Korean investors have shown significant interest in Chinese stocks, particularly in sectors like semiconductors and electric vehicles, with net purchases amounting to approximately $46.32 million in the Global X China Semiconductor ETF [6][8] - Cumulatively, since the beginning of 2025, South Korean investors have engaged in transactions totaling $10.32 billion in Hong Kong and A-shares, making China the second most favored overseas market after the United States [8]

【导读】韩国资产管理机构推出 ETF 追踪中国消费趋势指数 中国基金报记者 吴娟娟 11 月 25 日， Solactive 于官网宣布与新韩资产管理公司（ Shinhan Asset Management ）合作推出 SOL 中国消费趋势 ETF ，跟踪 Solactive-KEDI 中国消费趋势指数，以捕捉中 国内地及香港消费市场的增长动力。 新韩资产管理创立于 1996 年，为韩国排名靠前的资产管理机构。该公司对中国市场多有布 局。例如， 2015 年它推出了布局中国内地资产的 RQFII 基金。 Solactive 为总部位于德国 的指数公司，以灵活响应机构需求、提供定制化的指数闻名。 截至目前，指数成份股包括 361 度国际、阿里影业、安踏体育、达美乐披萨、老铺黄金、蜜 雪冰城、泡泡玛特、澳博控股、应星控股、巨星传奇等。 该 ETF 于 2025 年 11 月 25 日在韩国交易所上市。 Solactive 首席市场官 Timo Pfeiffer 表示： ETF 凸显了中国国内消费的重要性及中国从出 口导向增长向消费驱动经济的结构性转变。 Solactive-KEDI 中国消费趋势指数为投资者提 供 ...

本文字数：717，阅读时长大约1分钟 作者 | 第一财经 乐琰 2025.11. 18 华特迪士尼公司（DIS. NYSE）近期发布2025财年第四季度及全年收益，第四季度迪士尼的收入与去 年同期持平，全年来看，2025财年的收入同比增长约3%。迪士尼预计，2026财年的经调整每股收益将 实现双位数增长，并计划将2026年的股票回购目标翻倍至70亿美元。 微信编辑 | 苏小 第 一 财 经 持 续 追 踪 财 经 热 点 。 若 您 掌 握 公 司 动 态 、 行 业 趋 势 、 金 融 事 件 等 有 价 值 的 线 索 ， 欢 迎 提 供 。 专 用 邮 箱 ： bianjibu@yicai.com （注：我们会对线索进行核实。您的隐私将严格保密。） 时隔九年，《疯狂动物城2》正式定档2025年11月26日，北美和中国内地院线同步上映。作为中国内地 票房最高的迪士尼动画电影，《疯狂动物城》票房纪录在2016年突破10亿元，《疯狂动物城》全球票 房累计超10亿美元（约合人民币70多亿元）。就在11月18日，《疯狂动物城2》举行全球庆典。 BoxOffice Theory数据预测，《疯狂动物城2》全球票房有望 ...

Group 1 - The release date for "Zootopia 2" is set for November 26, 2025, with simultaneous screenings in North America and mainland China [2] - The original "Zootopia" achieved a box office record of over 1 billion USD globally, making it the highest-grossing Disney animated film in mainland China [2] - "Zootopia 2" is predicted to potentially reach a global box office of 2 billion USD, which could significantly boost the winter movie market in 2025 [4] Group 2 - Disney's business model focuses on creating a series of derivative economies around its IP, including merchandise and theme parks [4] - The "Zootopia" themed area at Shanghai Disneyland has become the eighth major themed area and has significantly contributed to visitor numbers and revenue since its opening on December 20, 2023 [4] - Disney's revenue for Q4 of fiscal year 2025 remained flat compared to the previous year, while the full year saw a growth of approximately 3% [4] Group 3 - Disney anticipates a double-digit growth in adjusted earnings per share for fiscal year 2026 and plans to double its stock buyback target to 7 billion USD [4]

除了电影本身，迪士尼的商业模式是围绕IP打造一系列衍生经济，线下消费品以及主题公园都是衍生经济的表现。疯狂动物城是上海迪士尼乐园的第八大主 题园区，也是全球首个以《疯狂动物城》为主题的迪士尼园区，自2023年12月20日正式开幕以来，为上海迪士尼乐园业务贡献了大量游客与门票、各类消费 收益，一度出现进入疯狂动物城院区需要排队数小时的局面。在业界看来，此番结合了《疯狂动物城2》的上映，估测将带动新一波主题乐园的游玩高峰。 华特迪士尼公司（DIS. NYSE）近期发布2025财年第四季度及全年收益，第四季度迪士尼的收入与去年同期持平，全年来看，2025财年的收入同比增长约 3%。迪士尼预计，2026财年的经调整每股收益将实现双位数增长，并计划将2026年的股票回购目标翻倍至70亿美元。 BoxOffice Theory数据预测，《疯狂动物城2》全球票房有望冲击20亿美元（约合人民币140多亿元），或成为2025年冬季电影市场的最强"提振剂"。 迪士尼依托《疯狂动物城》IP进行持续挖掘商机。 时隔九年，《疯狂动物城2》正式定档2025年11月26日，北美和中国内地院线同步上映。作为中国内地票房最高的迪士尼动画电影， ...

Group 1 - The Dragon Card Movie Credit Card was officially launched on November 11, during the 2025 Golden Rooster and Hundred Flowers Film Festival, in collaboration with China Construction Bank, China UnionPay, and Damai Entertainment [1][5] - The card aims to promote movie consumption, featuring a design that incorporates classic movie elements and offers benefits such as "buy one get one free" movie tickets, dining vouchers, and various lifestyle discounts [3][5] - This initiative represents an innovative exploration of "movie+" cross-industry collaboration, injecting new financial vitality into movie consumption [3]

Group 1 - The cultural and tourism market in China is experiencing a surge during the National Day and Mid-Autumn Festival, with 888 million domestic trips taken over the 8-day holiday, an increase of 123 million trips compared to the previous year [1] - Total domestic travel expenditure reached 809 billion yuan, up by 108.2 billion yuan from the previous year [1] - The peak travel period is expected to last from September 27 to October 12, with over 30% of office workers opting for "early leave and late return" strategies [1][4] Group 2 - Family travel has become a major trend, with over 40% of air travelers during the holiday being families, and first-tier and new first-tier cities being the most popular destinations [2] - Hotel bookings in popular cities like Beijing, Chongqing, and Chengdu have seen significant increases, with surrounding county destinations experiencing a 51% rise in bookings compared to last year [2] - Emerging tourist cities have gained attention, with some destinations seeing over 100% growth in travel orders compared to the previous year [2] Group 3 - The holiday period has also become a peak time for music festivals and sports events, contributing to a diverse consumption ecosystem [3] - Ticket stubs are being utilized as "universal tickets" for various attractions, enhancing the overall tourism experience [3] - Collaborative events such as "movie + traditional music performance" are being introduced, benefiting both cinemas and cultural heritage [3] Group 4 - The trend of "taking 3 days off for 12 days of travel" is becoming popular, with a nearly 60% increase in travel orders expected from October 9 to 12 [4] - International travel interest has surged, with hotel bookings in 4,588 cities abroad, particularly in Egypt and Norway, seeing significant increases [4] Group 5 - The number of foreign visitors celebrating the holidays in China has increased, with 16.34 million people crossing borders during the holiday, an 11.5% rise from last year [5] - Popular domestic cities for foreign tourists include Shanghai, Beijing, and Guangzhou, with significant booking increases in cities like Datong and Lijiang [6]

Core Viewpoint - The chairman of Maoyan Entertainment, Wang Changtian, has increased his stake in the company, acquiring 1.8024 million shares at an average price of approximately 7.9554 HKD per share, raising his total holdings to 482 million shares, which represents 41.45% of the voting shares [1] Group 1: Company Performance - In the first half of 2025, Maoyan Entertainment reported a revenue of 2.472 billion RMB, with significant contributions from entertainment content services, online ticketing services, and advertising services [1] - The entertainment content services segment generated 1.209 billion RMB, showing year-on-year growth [1] - The company participated in the promotion and production of 29 domestic films and 9 imported films, achieving historical highs in both categories [1] Group 2: Market Strategy and Adaptation - Maoyan Entertainment has actively leveraged its promotional capabilities and adjusted strategies to navigate market fluctuations, successfully attracting diverse audiences even during periods of market downturn [2] - The company highlighted the success of the non-genre film "Dumpling Queen," which drew over 10 million viewers and became the box office champion during the May Day holiday, serving as a case study for overcoming content stagnation [2] - Despite some films underperforming at the box office, the company remains committed to enhancing its promotional services and adapting to market changes [2] Group 3: Future Outlook - Maoyan Entertainment has a series of upcoming films scheduled for release, including "Assassination Novelist 2" and "Panda Project 2," which are expected to contribute positively to future revenues [3] - The online ticketing services segment generated 1.18 billion RMB, an increase from 1.046 billion RMB in the previous year, driven by a 22.91% year-on-year growth in domestic box office [3] Group 4: Market Position - As of September 12, Maoyan Entertainment's stock price increased by approximately 1%, with a market capitalization of around 9.5 billion HKD [4]