转自：北京青年报客户端 1月10日，北京青年报记者获悉，北京世园国际旅游度假区"天宫灯会"将于1月23日开幕，一直持续至3月8日。本 届灯会由世园携手上影元联合打造，联动上海美术电影制片厂经典动画《大闹天宫》，将非遗自贡花灯与国潮动 画元素珠联璧合，让齐天大圣等经典形象以花灯、混合现实技术、无人机表演等全新形式亮相。 1961年至1964年，上美影历时四年打磨推出《大闹天宫》，这部作品成为中国动画电影史上的永恒经典。而自 2020年起，自贡传统花灯便已在世园的花灯艺术节上连续闪耀。 本次灯会精心打造50余组大型花灯，花灯区占地420亩，游览线路长达2.5公里，所有灯组均以《大闹天宫》的人 物、场景、器物为原型设计。其中，一号门入口处12米高的南天门花灯最为醒目，搭配科技光束，尽显仙境般的 梦幻意境；步入园区，水帘洞亦真亦幻，福禄寿三星憨态可掬，20匹骏马组成的万马苑气势恢宏，20多米长的动 画长廊更是串联起动画中的诸多经典画面。游客还能在土地庙花灯处抽签祈福，与太白金星造型花灯合影，并在 凌霄妙会上品尝延庆当地美食、体验非遗文化。 值得一提的是，本届灯会的所有花灯均沿用传统自贡花灯技艺，自贡制作团队自1月初便 ...

昨天上午8时，申嘉湖高速湖州东收费站的车流渐密。刚在湖州卸完货的货车司机顾其凡没有急着返 程，而是将车停稳后，径直走向新建运营的全市首个高速公路"阅读驿站"。 "我平时爱读小说，但绕道去图书馆借书不现实，之前只能在手机上看。现在跑运输路上就能借，太方 便了。"老顾在浙江交通集团湖州东综合管理所党群管理员朱强指导下，掏出手机打开"南浔区图书 馆"App，对着书籍上的条形码一扫，"嘀"的一声，屏幕显示"借阅成功，还书期限40天"。整个借阅流程 不到10秒。 （来源：湖州日报） 转自：湖州日报 记者 董梁 走进驿站，200平方米的空间被巧妙分隔成多个功能区：靠窗的沙发区，一名货车司机捧着《中国国家 地理》看得入神；中央的儿童阅读角里，坐在卡通垫子上的小女孩正缠着妈妈读亲子绘本《大闹天 宫》。"连孩子的书都考虑到了，很贴心。"刚给女儿借了3本书的市民小俞笑着说。 "借的书可以在湖州市任何图书馆归还，通过手机App扫码即可完成借阅、还书、续借，全程操作便 捷。"南浔区图书馆馆长李翠告诉记者，这种把"图书馆"搬进交通枢纽的模式，今后将在更多客流密集 的交通站点推广。 ...

（来源：新安晚报） 转自：新安晚报 "梅开三度"的沈铁梅，是川剧历史上唯一的"梅花大奖"得主，二○二五年十一月十九日和二十日，作 为"百戏入皖 ·星耀合肥"十一月的重磅演出，沈铁梅带着《李亚仙》再度来到合肥。台上沈铁梅通过喜 怒娇嗔传递着爱恨情愁，"奴愿为你痴心等，哪怕等到满头银。满头银，还要等，只为你，满头银，不 灰心！过往行人不见影。"台下戏迷如痴如醉。"何人见我那心上人？"对于戏迷而言，百戏入皖的剧目 与星光，便是所想欲见的"心上人"。 秋分时刻至今，冬意日深，梅香更浓。 好戏开场 毕竟，扬州盐商的戏船曾载着徽班辗转于运河两岸，《扬州画舫录》里的"徽部迭兴，踵事增华"，流动 的也是中华戏曲的长卷；程长庚在广德楼挑起徽班大梁时，将昆腔的雅致、秦腔的激越熔铸成新的艺术 语言，正如他在《群英会》中饰演鲁肃时的念白："天下事非一人所能独理"，道出了艺术融合的真谛。 这里面有中国戏曲文化中海纳百川的气度。程长庚说的是徽班在京城站稳脚跟的原因，深一步言，也是 中国戏曲艺术从地域文化到民族审美的实践。 安徽是戏曲大省，现有31个剧种。徽剧依然铿锵有力地唱着《临江会》和莎翁的《麦克白》，黄梅戏依 旧宛转悠扬地唱着《天仙 ...

Core Insights - The consumer landscape is being reshaped, with a shift from "quantity growth" to "quality leap" in retail sales, necessitating new consumption brands to redefine their value creation strategies [1] - The roundtable discussion highlighted the importance of building a collaborative ecosystem both externally with partners and internally within companies to enhance operational efficiency [1] Group 1: New Consumption Trends - The retail sales of social consumer goods are experiencing steady growth, indicating a transition in consumer behavior towards quality and long-term value creation [1] - The film "The Little Monster of Langlang Mountain" achieved a box office of 1.7 billion yuan and created over 800 derivative SKUs, with an expected GMV of 2.5 billion yuan by year-end [3][4] Group 2: Ecosystem Collaboration - Companies are moving from short-term profit models to deeper industry chain collaborations, as illustrated by Hainan Supply and Marketing Group's shift towards joint ventures and agricultural partnerships [4] - Xiaomi's strategy involves leveraging its IT, financial, and human resources capabilities to build win-win relationships with over 18,000 retail stores in China and around 300 overseas [4] Group 3: Emotional and Social Consumption - The fragmented and segmented nature of current consumer behavior emphasizes the need for brands to capture and retain consumer attention through emotional engagement and social interaction [5] - The creation and operation of IP content, along with enhanced experiential marketing, are seen as effective methods for brands to convert fleeting consumer interest into sustained sales [5][6]

Investment Rating - The report maintains a "Strong Buy" investment rating for the company [2][6]. Core Insights - The company achieved significant growth in revenue and net profit in the first three quarters of 2025, with revenue reaching 723 million yuan, up 29.09% year-on-year, and net profit of 139 million yuan, up 29.81% year-on-year. The substantial increase in net profit was driven by the success of the film "Wang Wang Shan Xiao Yao Guai" [6]. - The film "Wang Wang Shan Xiao Yao Guai" has set a new box office record for the company, grossing over 1.707 billion yuan and attracting over 47 million viewers, indicating strong audience engagement and commercial potential [6]. - The company is actively pursuing an "AI + IP" strategy, leveraging its rich portfolio of classic IPs to enhance value through innovative applications of AI technology [6]. Financial Performance - In Q3 2025, the company reported revenue of 361 million yuan, a remarkable increase of 101.60% year-on-year, and a net profit of 86 million yuan, up 123.51% year-on-year [6]. - The gross margin improved by 12.40 percentage points to 36.67%, reflecting enhanced operational efficiency [6]. - The net cash flow from operating activities surged by 347.42% year-on-year, primarily due to increased cash inflows from film production [6]. Future Projections - The company is projected to achieve net profits of 190 million yuan, 201 million yuan, and 213 million yuan for the years 2025, 2026, and 2027, respectively, with corresponding price-to-earnings ratios of 71.0, 67.3, and 63.3 [7][10]. - The revenue forecast for 2025 is set at 918 million yuan, representing a 33% year-on-year growth [7][9]. Shareholder Information - The major shareholder, Shanghai Film (Group) Co., Ltd., holds a 69.22% stake in the company, indicating strong insider confidence [2].

Core Viewpoint - The event "Chinese Opera Culture Week - Peking Opera Classic Highlights" held in Malmö is a significant cultural exchange activity celebrating the 75th anniversary of diplomatic relations between China and Sweden, showcasing the richness of Chinese traditional culture through Peking Opera performances [1][4]. Group 1: Event Overview - The event was organized by the Chinese Consulate in Gothenburg, the Chinese Academy of Traditional Opera, and the Stockholm Chinese Cultural Center, attracting nearly 900 attendees from various sectors including education, culture, and business [1]. - The performances included classic pieces such as "The Jade Hairpin," "The Three Crossroads," "The Legend of the White Snake: Lake Tour," and "The Monkey King," which received enthusiastic applause from the audience [15]. Group 2: Cultural Significance - The Consul General of China in Gothenburg, Yang Peidong, emphasized that Peking Opera is a treasure of Chinese traditional culture and serves as a cultural ambassador for international exchanges [4]. - The event featured collaborations between Swedish and Chinese actors, exemplifying the mutual learning and cultural exchange between China and Sweden [4]. Group 3: Audience Reception - Attendees, including notable Swedish figures, expressed that the cultural display was the most exciting and engaging they had ever witnessed, enhancing their understanding of Chinese culture [17]. - The event was seen as beneficial for promoting friendly relations between the peoples of China and Sweden, with hopes for more opportunities for cultural engagement in the future [17]. Group 4: Additional Activities - On the morning of September 26, the Chinese Academy of Traditional Opera organized flash performances at landmark locations in southern Sweden, allowing local residents and tourists to experience Chinese opera in a vibrant and unexpected setting [19]. - A cultural exchange session was held in the afternoon with over 70 Chinese and Swedish opera enthusiasts, featuring a stage art exhibition and interactive activities for children [22].

Core Points - The "Chinese Opera Culture Week" was held in Malmö, Sweden, featuring classic Peking opera performances [1][2] - The event was supported by the Chinese Cultural Center in Stockholm and co-hosted by various Chinese cultural organizations in Sweden [1][2] - The performances aimed to enhance cultural exchange between China and Sweden, celebrating the 75th anniversary of diplomatic relations [2] Group 1 - The event showcased classic Peking opera pieces such as "The Jade Hairpin," "The Three Crossroads," "The Legend of the White Snake: Lake Tour," and "The Monkey King," highlighting the aesthetic features and rich connotations of Peking opera [11] - The performances were led by renowned Peking opera artist Li Shengsu, with participation from international students, exemplifying the cultural exchange between China and Sweden [11] - A pre-show Peking opera experience area was organized, attracting nearly a hundred local Chinese community members to engage in various artistic activities [13] Group 2 - The event included innovative flash mob activities at key landmarks in Malmö, allowing local citizens and tourists to encounter Chinese opera in a spontaneous manner [13] - The successful conclusion of the Malmö performance marked the end of the "Chinese Opera Culture Week," which aimed to enhance the international influence of Chinese culture [13]

Summary of Shanghai Film Conference Call Industry and Company Overview - The conference call focuses on the film and entertainment industry, specifically Shanghai Film and its strategies regarding Intellectual Property (IP) management and development [2][13]. Core Insights and Arguments - **IP Advantages**: IP possesses three main advantages: cross-cyclical nature, asset-light model, and strong network effects. It can endure economic cycles, reduce licensing costs, and enhance commercial value through user recognition [2][4]. - **Successful IP Characteristics**: A successful IP must have a positive feedback loop, symbolization and extensibility, an open worldview, and combinability. These elements are crucial for marketing and recognition [2][6]. - **Revenue Streams**: IP value is categorized into short-term income (films, series), licensing and derivative income (consumer products, toys), and offline experiential entertainment (theme parks). Licensing and derivative income is stable and has high gross margins [2][11]. - **Shanghai Film's Strategy**: The company has acquired 60 core IPs through the purchase of a subsidiary, employing a restrained development strategy. Its valuation is higher than traditional film companies, following a strategic model of 3+1+X, which includes a core business focus on key project development [2][13]. Financial Performance and Projections - **Recent Performance**: In the first half of 2025, Shanghai Film's revenue decreased by 5% and profit fell by 22%, attributed to pressures in the cinema business and a lack of new IP content [17]. - **Future Projections**: The company expects improved revenue in the latter half of 2025 due to the release of "Wang Wang Mountain Little Monster," with a projected profit of 260 million RMB for 2025, 370 million RMB for 2026, and 440 million RMB for 2027. Current PE ratios are 57, 39, and 33 respectively [17]. Notable Developments - **"Wang Wang Mountain Little Monster" Success**: The film has exceeded expectations with a box office of 1.56 billion RMB, showcasing the creative capabilities of Shanghai Film. The film's success has led to numerous IP licensing collaborations with over 30 brands [14][17]. - **IP Management**: The company is actively exploring super entertainment spaces and utilizing its cinemas for IP-themed displays, enhancing the value of its IP assets [15]. Additional Insights - **AI Strategy**: While the development of AI technology may not meet expectations, Shanghai Film remains optimistic about the potential opportunities it presents [18]. - **Market Positioning**: The company’s approach to IP management and development positions it favorably against traditional film companies, which typically have lower PE ratios and more volatile income streams [10]. This summary encapsulates the key points discussed in the conference call, highlighting Shanghai Film's strategic focus on IP, financial outlook, and market positioning within the entertainment industry.

Core Viewpoint - The event "Seeking Light Night" at the Xu Jia Hui Academy celebrates the 120th anniversary of Chinese cinema, combining reading and film experiences for attendees [2][3]. Group 1: Event Overview - The "Seeking Light Night" carnival took place during the Shanghai Book Fair, transforming the Xu Jia Hui Academy into an immersive space celebrating the history of Chinese cinema [2]. - The event featured a special exhibition titled "Picking Light and Shadow," showcasing the history of film companies, personalities, and related architecture in the Xu Hui area [2]. - Attendees engaged in interactive experiences related to film, making them both spectators and participants in the cinematic journey [2]. Group 2: Special Features - The event highlighted four films with Xu Hui elements, including "Havoc in Heaven," "Good Things," "Postal Affection," and "Nie Er," connecting different floors of the academy [2]. - A dedicated area for "San Mao," a character created by Zhang Le Ping, was set up for children, featuring activities like kite flying and storytelling sessions [3]. - The theme of the event aimed to showcase the diverse possibilities of reading, likening the academy to a "moonlight treasure box" that radiates the light of reading [3].

Group 1: Event Overview - The first Shanghai Summer International Animation Month event successfully linked three major animation exhibitions: CCG EXPO, Bilibili World, and ChinaJoy, under the theme "Manga City, High Summer" from July 4 to August 10 [1] - The event showcases Shanghai's deep engagement and youthfulness in the cultural industry, attracting more professionals to enhance the development of the ACGN (Animation, Comics, Games, and Novels) culture and related industries [1] Group 2: Market Insights - The "Guzi Economy" market in China reached 168.9 billion yuan in 2024, with a year-on-year growth of 40.63%, and is expected to exceed 200 billion yuan by 2025; the broader ACGN peripheral market is projected to grow from 597.7 billion yuan in 2024 to 652.1 billion yuan in 2025 [4] - The rise of ACGN culture has attracted significant capital investment, with major listed companies in the industry including Perfect World, Gigabit, Giant Network, 37 Interactive Entertainment, Bilibili, and others [4] Group 3: Investment Trends - From 2011 to 2024, the average single financing amount in the ACGN industry has remained below 200 million yuan, with Beijing and Shanghai being the top two cities for financing events [5] - Investment entities in the ACGN sector are evenly split between investment firms and industrial companies, with notable investors including JAFCO Asia, ANRI, and Temasek, and significant industrial players like Bilibili and Pop Mart [5] Group 4: Cultural Significance of Shanghai - Shanghai is recognized as one of the birthplaces of Chinese animation, with a rich history dating back to the first animated feature film "Princess Iron Fan" in 1941, and has been a hub for international animation since the reform and opening up [8] - The city’s cultural and economic diversity makes it an ideal location for the development and dissemination of animation culture, particularly appealing to the Z generation consumers who value cultural and emotional connections [9] Group 5: Economic Impact - The Shanghai Summer International Animation Month is expected to attract over a million domestic and international visitors, significantly benefiting local businesses and tourism [15] - The event's integration of cultural, tourism, and commercial elements aims to create a comprehensive economic impact, enhancing Shanghai's position as a global cultural landmark [12][15] Group 6: Media and Promotion - The event has generated substantial media coverage, with over 580,000 mentions and more than 26 billion views across various platforms, highlighting the extensive promotional efforts by local media [18] - Shanghai Media Group played a crucial role in promoting the event, leveraging multiple platforms to maximize outreach and engagement [16][18]