以下文章来源于文娱先声 ，作者先声编辑部 十万个好奇心，专注文娱观察与商业解读。 来源丨文娱先声（ wenyuxiansheng_） "我又被威尼斯电影节和朴赞郁欺骗了，没有笑点，没有快乐，只有失望。" 根据韩国电影振兴委员会数据，截至 9 月 30 日，由朴赞郁执导，李秉宪、孙艺珍主演的《无可奈 何》共计在韩本土累计观影人数超过 115 万，连续 6 天占据票房冠军。 然而，仅6天赏味新鲜期过，迎来的则是吐槽大于夸赞的口碑持续走低以及单日观影人次的走低。根 据韩国最大门户网站Naver的评分显示，评分在开画后持续下降、维持在6分左右浮动，远远低于朴 赞郁2022年上映的8.98分作品《分手的决心》。 文娱先声 . 作者丨丁茜雯 编辑丨先声编辑部 图源丨Midjourney 事实上，一度被看作是得奖领跑者、金狮奖热门、影后热门的《无可奈何》，甚至被视为有望借助海 外声誉反哺国内票房的救命稻草。但最终却零封收官，继续维持着今年韩国电影在国际电影节的陪跑 纪录。 整体上看，今年全球电影业均面临一定的低迷期，而韩国电影业则率先一步暴露出更为严峻的形势。 韩国电影也不行了？ 作为人口不过5000万、却是全球十大票仓之 ...

央广网北京10月3日消息（记者孙鲁晋）据中央广播电视总台中国之声《新闻和报纸摘要》报道， 截至10月3日6时，国庆档票房（含预售）已超7.2亿元。国庆档延续2025年中国电影市场强劲势头的同 时，据网络平台数据，截至10月2日15时30分，中国电影市场以425.2亿元总票房、10亿观影人次的成 绩，超越2024年全年总量，截至10月3日6时，2025年电影总票房已超426亿。国产电影展现出强大的市 场主导力。 从春节档到国庆档，2025年的中国电影以内容创作的精品化突破为核心引擎，以档期运营的科学化 布局为生态支撑，以政策驱动的产业融合为重要推力，共同构筑起市场增长的坚实支柱。 2025年的电影市场，国产影片通过文化基因解构与技术美学融合，实现了动画电影的类型突破，现 实题材的破圈探索。《哪吒之魔童闹海》以154.46亿元票房一路领跑；《唐探1900》在海外票房的全新 突破，成为文化输出的标杆。 上海大学上海电影学院副院长张斌：我们这些作品普遍在视效还有故事情节的建构上更加用心，工 匠精神体现得更加清晰。 从春节档的领跑到暑期档的破圈再到国庆档的热映，中国电影市场持续走热，佳片不断，值得关注 的是，清明、五一 ...

中新社北京10月2日电 (记者 高凯)据网络平台数据，截至北京时间2025年10月2日14时16分，2025 年中国内地电影年度总票房(含预售)突破425.02亿元(人民币，下同)，超2024年全年电影票房成绩。 今年国庆档影片在类型、题材、体量上依然保持多元化趋势，奇幻、动作、战争、剧情、动画、历 史、喜剧、犯罪等多种类型影片同台竞技，被认为可满足不同年龄、不同偏好观众的需求。值得一提的 是，票价方面，今年国庆档首日平均票价为38.7元，相较去年同期的41元有所下降，观影门槛进一步降 低。(完) 数据显示，其中，国产电影票房占比89.7%，年度票房榜前十均为国产电影。春节档上映的现象级 国产动画电影《哪吒之魔童闹海》以超154亿元的票房成绩领跑，《唐探1900》《南京照相馆》《浪浪 山小妖怪》《731》位列票房榜2至5位。业内认为，2025年中国内地电影市场的活力不仅来自春节档、 暑期档等大档期，清明档、五一档"小档期"与电影市场日常表现同样可圈可点。 此外，截至北京时间10月2日12时25分，正在行进中的2025年国庆档总票房已破5亿元，《志愿军： 浴血和平》《刺杀小说家2》《浪浪人生》分列前三位。 ...

2025年中国金鸡百花电影节将于11月11日至11月15日在福建省厦门市举办。今天（9月26日），本届金 鸡奖评委会公布提名名单，《小小的我》《长安的荔枝》《唐探1900》《好东西》《水饺皇后》《志愿 军：存亡之战》等影片获得包括最佳故事片、最佳中小成本故事片、最佳编剧、最佳导演、最佳男女主 角等20个奖项提名。11月，金鸡百花电影节期间将组织终评，最终获奖名单将于颁奖典礼现场揭晓。 ...

Group 1: Cultural and Tourism Development - Le Ling has a rich cultural heritage and numerous tourism resources, including 11 national A-level tourist attractions and 52 cultural heritage sites [1] - The city has adopted a "cultural tourism revitalization" strategy, leveraging opportunities from the Beijing film industry to develop Le Ling Film City, creating a new path for cultural tourism integration [2][3] - The integration of film and tourism has led to significant visitor increases, with the film city attracting over 70 million visitors during peak seasons and generating substantial revenue [4][6] Group 2: Film Industry Growth - Le Ling Film City has established partnerships with over 100 domestic film companies and has hosted notable productions, enhancing its reputation in the film industry [3][4] - The city has seen a rapid increase in the number of registered film-related enterprises, with 178 new companies established in the past two years [6] - The film industry has created over 8,400 new hotel and accommodation beds, significantly boosting local tourism and hospitality sectors [6] Group 3: Infrastructure and Service Enhancement - Le Ling is developing comprehensive tourism infrastructure, including cultural exhibition centers and transportation services, to improve visitor experience [7] - The city has introduced various tourism routes and experiences, focusing on red tourism, ecological sightseeing, and immersive film experiences [7] - The establishment of smart tourism services and new attractions has enhanced the overall tourism experience, attracting a younger demographic [7] Group 4: Cultural Prosperity and Community Engagement - The city has invested in public cultural services, achieving recognition for its libraries and cultural stations, which enhances community engagement [8] - Various cultural events and activities have been organized, promoting local arts and community participation [8] - The establishment of cultural research and creative bases has further enriched Le Ling's cultural landscape, fostering local talent and creativity [8]

Core Insights - The overall performance of the film industry is showing signs of recovery compared to the previous year, with 7 out of 13 A-share film companies expected to be profitable, while 6 anticipate losses [1] - Companies that focus on high-quality content, industrialized production, and diversified layouts are achieving growth, while those with unstable content output are struggling [1] - Emerging sectors such as short dramas and IP derivatives are providing new growth momentum for the industry [1] Group 1: Company Performance - Light Media reported a significant increase in revenue, reaching 3.242 billion yuan, a 143% year-on-year growth, with net profit soaring by 371.55% to 2.229 billion yuan [2][3] - Wanda Film's revenue grew by 7.57% to 6.689 billion yuan, with net profit increasing by 455.35% to 480 million yuan, successfully reversing previous losses [6] - Huace Film achieved a revenue of 790 million yuan, a 114.94% increase, and net profit of 118 million yuan, a 65.05% rise, driven by expanded TV drama sales and computing power business [8][10] Group 2: Market Trends - The total box office for the national film market reached 29.23 billion yuan, a 22.95% increase, with audience numbers rising by 16.93% to 641 million [14] - The success of blockbuster films is crucial for the performance of production and distribution companies, as those failing to produce hits may quickly fall behind [7] - Companies are increasingly diversifying their revenue streams through non-ticket sales, such as merchandise and advertising, to seek new growth opportunities [14][17] Group 3: Strategic Initiatives - Light Media plans to develop a "Light Mythology Universe" over the next decade, creating 20 mythological films based on "Shan Hai Jing" [4] - Wanda Film is implementing a "1+2+5" strategy to integrate cinema with various entertainment sectors, enhancing audience engagement and driving sales of related products [15] - Huace Film is expanding into short dramas and animation, with a monthly production capacity of 20 short dramas and a significant project in collaboration with international teams [10]

新华网新加坡9月15日电（记者舒畅）2025中国电影节近日在新加坡中国文化中心开幕。中国驻新 加坡大使曹忠明和夫人杨青，多国驻新使节及使馆代表、中新各界嘉宾200余人出席，共同观看开幕影 片《里斯本丸沉没》。 曹忠明在致辞中表示，今年的中国电影节恰逢中新建交35周年、中国人民抗日战争暨世界反法西斯 战争胜利80周年，开幕影片《里斯本丸沉没》取材于第二次世界大战的真实故事。影片深刻警示后人， 面对当前国际形势变乱交织，和平从来不是理所当然，军国主义的阴魂和遗毒在一些国家依然存在，维 护世界反法西斯战争胜利成果是各国的重大责任。他希望本届电影节放映的多部佳作，能为观众带来丰 富的视听体验，更进一步深化中新两国人民的相互理解与友谊。 电影节由中国驻新加坡大使馆、中国国家电影局、新加坡-中国友好协会、中国文化中心共同主 办，中国电影资料馆、中国工商银行新加坡分行、中国银联支持。期间还将放映影片《铁道游击队》 《无名》《唐探1900》《熊出没·重启未来》。 2025年9月12日，中国驻新加坡大使曹忠明致辞。（中国驻新加坡大使馆供图） ...

Core Viewpoint - The article highlights the recent stock freeze of Ke Liming, a key figure in the film industry and the actual controller of Wanda Film, which has drawn public attention due to its implications for Wanda's debt management and corporate restructuring [4][10]. Group 1: Stock Freeze and Corporate Control - Ke Liming's shares in Shanghai Ruyi Film Production Co., Ltd. and Shanghai Ruyi Investment Management Co., Ltd. have been frozen for a total of 12.87 million RMB for three years, as per the Jinan Intermediate People's Court [9][10]. - Ke Liming became the actual controller of Wanda Film after a series of capital operations, taking over from Wang Jianlin, who has been selling assets to alleviate Wanda's debt pressure [4][12]. - The stock freeze has negatively impacted Wanda Film's stock price, which saw declines of 0.68%, 3.01%, and 1.06% over three consecutive days following the news [10]. Group 2: Ke Liming's Background and Business Ventures - Ke Liming, born in 1982, has a background in finance and has been involved in the film industry since 2012, gaining recognition for investing in successful films like "So Young" [18][22]. - He is also the main stakeholder in the Hong Kong-listed company China Ruyi, which has diversified investments in film production, online streaming, gaming, and mergers and acquisitions [4][22]. - As of 2025, Ke Liming's wealth is estimated at 10.39 billion RMB, ranking him 329th on the New Fortune 500 list, reflecting a significant increase of 1.75 billion RMB from the previous year [4][22]. Group 3: Wanda Film's Financial Performance - Wanda Film reported a revenue of 6.689 billion RMB for the first half of 2025, marking a year-on-year increase of 7.57%, and a net profit of 536 million RMB, a substantial rise of 372.55% [14][16]. - The company has maintained its position as the top player in the domestic film market for 16 consecutive years, with a market share of 14.4% and a box office revenue of 4.21 billion RMB from its directly operated cinemas [15][16]. - Membership growth has been robust, with a 40% increase year-on-year, bringing the total to approximately 80 million members, which has contributed to 37.6% of the box office revenue [16].

Core Viewpoint - China Ruyi (0136.HK) reported a significant turnaround in its financial performance for the first half of 2025, achieving a revenue of 2.206 billion yuan, a year-on-year increase of 19.93%, and a net profit of 1.228 billion yuan, compared to a loss of 123 million yuan in the same period last year [1] Group 1: Financial Performance - The company's adjusted profit reached 1.303 billion yuan, reflecting a substantial year-on-year growth of 140%, indicating a fundamental improvement in profitability [1] - Revenue breakdown by segment includes content production at 570 million yuan (up 1085%), online streaming services at 406 million yuan (down 55%), online gaming services at 1.21 billion yuan (up 40%), and merchandise sales at 20 million yuan (up 10%) [1] Group 2: Content Production Business - The content production segment saw a remarkable revenue increase of 1085% to 570 million yuan, driven by the strong box office performance of several key films [2] - Notable films include "Detective Chinatown 1900" with over 3.6 billion yuan in box office, and "Boonie Bears: Back to Earth" with 821 million yuan [2] - The company has a rich pipeline of projects, including "Cloud Like You," "We Live in Nanjing," and collaborations with animation studios, which are expected to contribute to future revenue growth [2] Group 3: Gaming Business - Online gaming services generated 1.21 billion yuan in revenue, marking a 40% year-on-year increase, maintaining high growth levels [2] - Classic titles continue to provide stable revenue, with "Red Alert OL" achieving over 6 billion yuan in cumulative revenue since launch [2] - New releases like "Epoch of Stars" and "Dragon Stone War" have performed well, with "Epoch of Stars" entering the iOS top ten sales shortly after launch [2] Group 4: Streaming Business - The online streaming services segment reported a revenue of 406 million yuan, a decline of 55% year-on-year [3] - The company is enhancing user experience through AI technology, which includes personalized recommendations and plans for AI-generated video commentary [3] - Continued application of AI is expected to help maintain market leadership and improve overall performance [3] Group 5: Investment and M&A Activities - The company invested in Wanda Film in 2023 to integrate the content creation and distribution chain, leveraging Wanda's audience data for market insights [3] - Strategic investment in Beijing Lezi Tiancheng Cultural Development Co., Ltd. targets the high-growth market for collectibles and derivatives [3] - A 30% stake acquisition in Kuaiqian Financial Services aims to build a digital content ecosystem, creating a "culture + technology + finance" closed loop [3] Group 6: Industry Outlook - The film industry is expected to recover steadily in 2025, enhancing the competitive advantage and market share of quality film leaders [4] - The company forecasts revenues of 4.84 billion yuan and 5.89 billion yuan for 2025 and 2026, respectively, with year-on-year growth rates of 32% and 22% [4] - Projected net profits for the same period are 1.64 billion yuan and 2.03 billion yuan, with corresponding price-to-earnings ratios of 25.9 and 21.0 times [4]

Investment Rating - The investment rating for the company is "Buy" with a target price not specified [7][6]. Core Viewpoints - The company reported a significant recovery in its financial performance for the first half of 2025, achieving a revenue of 2.206 billion yuan, a year-on-year increase of 19.93%, and a net profit of 1.228 billion yuan, reversing a loss of 123 million yuan from the previous year [2]. - The content production segment saw a remarkable revenue increase of 1085% to 570 million yuan, driven by strong box office performances of several films [3]. - The online gaming service segment generated 1.210 billion yuan in revenue, reflecting a 40% year-on-year growth, supported by the sustained popularity of classic titles and successful new releases [4]. - The online streaming service segment experienced a decline in revenue to 406 million yuan, down 55% year-on-year, but is expected to improve with the application of AI technology [5]. - The company is focusing on strategic investments to enhance its core business and expand its IP ecosystem, including investments in Wanda Film and other high-growth markets [5]. Summary by Sections Financial Performance - For the first half of 2025, the company achieved a revenue of 2.206 billion yuan, a 19.93% increase year-on-year, and a net profit of 1.228 billion yuan, compared to a loss of 123 million yuan in the same period last year [2]. Content Production - The content production business generated 570 million yuan in revenue, marking a 1085% increase, primarily due to the success of films like "Detective Chinatown 1900" and "Boonie Bears: Back to Earth" [3]. Gaming Business - The online gaming service revenue reached 1.210 billion yuan, a 40% increase year-on-year, with strong performances from both classic and newly launched games [4]. Streaming Services - The online streaming service revenue was 406 million yuan, down 55% year-on-year, but improvements are anticipated through AI-driven enhancements [5]. Strategic Investments - The company is making strategic investments to strengthen its core business and expand its IP ecosystem, including a significant investment in Wanda Film and a focus on high-growth derivative markets [5].