登录新浪财经APP 搜索【信披】查看更多考评等级 2、业绩预告情况：预计净利润为正值且属于扭亏为盈情形 股票代码：002739 股票简称：万达电影公告编号：2026-004 本公司及董事会全体成员保证信息披露内容的真实、准确和完整，没有虚假记载、误导性陈述或重大遗 漏。 一、本期业绩预计情况 2025年，公司依托超过700家直营影院体系和8,000万线上会员优势，凭借高效的经营管理能力与"五星 级影城"服务品质，进一步夯实行业领先地位。报告期内，公司实现票房76.78亿元（含服务费），同比 增长18.53%，观影人次1.63亿，同比增长14.76%，市场份额连续17年稳居行业首位。截至2025年12月31 日，公司拥有直营影院714家、6,179块银幕，年内新开业直营影院24家，在全国票房TOP200影院中公 司占据91席，较2024年增加10家，TOP500影院中公司占据224席，较2024年增加13家。 1、业绩预告期间：2025年1月1日至2025年12月31日 单位：万元 二、与会计师事务所沟通情况 本次业绩预告相关数据是公司财务部门初步测算的结果，未经会计师事务所审计。但公司已就2025年度 业绩预 ...

登录新浪财经APP 搜索【信披】查看更多考评等级 本公司及董事会全体成员保证信息披露内容的真实、准确和完整，没有虚假记载、误导性陈述或重大遗 漏。 一、本期业绩预计情况 1、业绩预告期间：2025年1月1日至2025年12月31日 二、与会计师事务所沟通情况 本次业绩预告相关数据是公司财务部门初步测算的结果，未经会计师事务所审计。但公司已就2025年度 业绩预告有关重大事项与会计师事务所进行了预沟通，公司与会计师事务所不存在分歧。 三、业绩变动原因说明 2025年，公司依托超过700家直营影院体系和8,000万线上会员优势，凭借高效的经营管理能力与"五星 级影城"服务品质，进一步夯实行业领先地位。报告期内，公司实现票房76.78亿元（含服务费），同比 增长18.53%，观影人次1.63亿，同比增长14.76%，市场份额连续17年稳居行业首位。截至2025年12月31 日，公司拥有直营影院714家、6,179块银幕，年内新开业直营影院24家，在全国票房TOP200影院中公 司占据91席，较2024年增加10家，TOP500影院中公司占据224席，较2024年增加13家。 澳洲院线方面，2025年Hoyts实现票 ...

1月27日，万达电影（002739.SZ）发布2025年度业绩预告，预计全年归属上市公司股东净利润4.8亿元至5.5亿元。依托 国内超700家直营影院体系和8000万线上会员优势，凭借持续提升经营效率，丰富多元娱乐业态，在行业复苏中进一 步巩固领先地位。 《疯狂动物城2》上映期间，大量观众来到万达影城观影 01 实现票房76.78亿元，市场份额17年领跑行业 院线业务上，报告期内万达电影实现票房76.78亿元，同比增长18.53%，观影人次1.63亿，同比增长14.76%，市场份额 连续17年行业领跑。截至2025年，万达电影拥有直营影院714家，6179块银幕，年内新开业直营影院24家，在全国票 房TOP200影院中占据91席，较2024年增加10席，占比达45.5%；TOP500影院中占据224席，较2024年增加13家，占比 44.8%。 2025年，万达电影以"超级娱乐空间"战略为核心，通过多元化经营、场景融合、跨业态联动等拓展非票收入，不断提 升影院场景变现能力。 报告期内，先后与《第五人格》《光与夜之恋》《恋与深空》《鸣潮》等头部游戏IP和《聊斋：兰若寺》《浪浪山小 妖怪》《疯狂动物城2》《阿凡达 ...

Group 1 - The only confirmed films for the Spring Festival slot are "Boonie Bears: Year of the Bear" and "Fast and Furious 3" [1] - Han Han maintains a consistent filmmaking schedule, with "Fast and Furious 3" expected to follow a pattern of successful releases [1] - Han Han's films, except for "The Four Seas," have been profitable, indicating a strong potential for "Fast and Furious 3" to perform well [1] Group 2 - Tingdong Film, controlled by Han Han, relies on the "Fast and Furious" franchise for recovery, especially after Bona's significant losses [3] - Bona, a major shareholder in Tingdong, has faced financial difficulties, even resorting to selling shares to raise funds [3] Group 3 - A loan agreement between Zhejiang Bona and Shanghai Tingdong includes a debt restructuring plan, indicating a strategic financial maneuver to manage liabilities [4] - Tingdong Film has strong cash flow, positioning Han Han as a rare profitable investor in the current challenging film market [4] Group 4 - Han Han is not only a director but also an investor in several successful films, contributing to his influence in the industry [6] - Tingdong Film has emerged as the fourth largest private film company, surpassing traditional players like Huayi Brothers and Bona [8] Group 5 - The domestic film market shows significant disparities, with a few blockbusters dominating box office revenues while many films underperform [10] - The Spring Festival period is crucial for box office success, with several films expected to compete for high earnings [11] Group 6 - The market for martial arts films appears to be declining, with historical data suggesting a low ceiling for box office performance in this genre [13][14] - Despite the star power associated with martial arts films, the current market trends indicate a challenging environment for such releases [14][16]

Core Insights - The total box office revenue for 2025 reached 51.832 billion yuan, representing a year-on-year growth of 21.95% [1] - The number of viewers in urban cinemas was 1.238 billion, with a year-on-year increase of 22.57% [1] - Domestic films generated a box office of 41.293 billion yuan, accounting for 79.67% of the total revenue [1] - A total of 51 films surpassed the 100 million yuan box office mark, with 33 of them being domestic productions [1] - The total production of narrative films was 511, contributing to an overall film output of 764 [1] Box Office Performance of Notable Films - "731" accounted for 3.7% of the total box office [3] - "浪浪山小妖怪" contributed 3.3% [4] - "捕风追影" had a share of 2.4% [5] - "封神第二部:战火西岐" also represented 2.4% [6] - "熊出没·重启未来" made up 1.6% [8] - "阿凡达3" contributed 1.5% [10] - "长安的荔枝" and "射雕英雄传:侠之大者" each accounted for 1.3% [12][14] - "志愿军:浴血和平" and "误杀3" both had a share of 1.2% [18][20] - "侏罗纪世界:重生" contributed 1.1% [22] - "罗小黑战记2" and "碟中谍8:最终清算" each accounted for 1.0% and 0.9% respectively [23][24] - "浪浪人生" and "F1:狂飙飞车" also had a share of 0.9% [26] Industry Developments - The total number of cinema screens in urban areas increased by 2,219, bringing the total to 93,187 [29] - There were 264 rural digital cinema lines conducting public film screenings, with 44,000 screening teams [29] - A total of 8.01 million public film screenings were held, with narrative films accounting for 5.07 million and educational films for 2.9 million [29] - Approximately 394 million viewers attended these public screenings [29]

Group 1 - The core viewpoint of the article highlights the significant achievements of the Chinese film industry in 2025, with a total box office of 51.832 billion yuan and 1.238 billion admissions, showcasing a vibrant and diverse film landscape [2][3] - Major film releases during key periods such as the Spring Festival, summer, and National Day contributed to the impressive box office performance, with a focus on patriotic and animated films leading the charge [2][4] - The year marked the 120th anniversary of Chinese cinema, reflecting a confident and dynamic portrayal of various themes and narratives that resonate with contemporary society [3][5] Group 2 - A variety of films addressing historical events and social issues were produced, including "Nanjing Photo Studio," "Volunteers: Blood and Peace," and "A Quiet Life," which emphasized the importance of cultural memory and national sentiment [4][5] - The integration of traditional culture into modern storytelling has become more pronounced, with films like "The Stars of the Three Kingdoms" and "The Lychee of Chang'an" showcasing China's rich historical and cultural heritage [5][6] - The film market has diversified, with a total of 764 films produced and 93,187 screens in operation, alongside innovative consumption experiences such as virtual reality films and film-related tourism activities [6]

Core Insights - The total box office revenue for Chinese films in 2025 reached 51.832 billion yuan, with a total of 1.238 billion admissions [1][2] - The year 2025 marked the 120th anniversary of Chinese cinema, showcasing a diverse and vibrant film landscape [5] Box Office Performance - Key film release periods such as the Spring Festival, summer, and year-end holidays performed exceptionally well, contributing to a box office exceeding 500 billion yuan [5] - A variety of films, including mainstream, animated, and diverse genres, collectively drove the box office success [5] Thematic Focus - Films released in 2025 highlighted significant historical events and themes, such as the Nanjing Massacre and the Korean War, reflecting a strong connection to contemporary societal issues [5] - The industry produced films that resonate with audiences, focusing on real-life stories and moral values, such as "The Deafening" and "Life of Strays" [5] Cultural Representation - An increasing number of Chinese films are rooted in traditional culture while incorporating contemporary values, making cultural narratives more accessible to audiences [7] - Notable films like "Nezha 2" and "The Battle of the Gods: War at Xiqi" have gained international recognition, showcasing Chinese stories on a global stage [7] Market Dynamics - The film market has become more diverse, with new releases and re-screenings competing alongside each other, catering to various audience preferences [8] - The number of films produced in 2025 reached 764, with the number of screens totaling 93,187, indicating a growing infrastructure [8] - Innovative consumption patterns emerged, such as integrating movie tickets with dining and shopping experiences, enhancing audience engagement [8]

Core Viewpoint - The Chinese film industry is experiencing a significant revival, with major releases like "Zhuan Zhi 2" and "Zootopia 2" driving box office success and cultural confidence, reflecting a shift in audience preferences and market dynamics [4][7][8]. Group 1: Box Office Performance - "Zootopia 2" achieved over 2 billion yuan in its opening week, contributing to the overall Chinese box office nearing 50 billion yuan [4]. - "Zhuan Zhi 2" ranks as the highest-grossing animated film globally with a box office of 15.9 billion yuan [7]. - The success of these films indicates a strong audience-driven market where viewers are willing to support quality productions, regardless of origin [7]. Group 2: Cultural Impact - The films are fostering a more open and confident cultural mindset among Chinese audiences, who are increasingly embracing both domestic and international cinema [8]. - The phrase "tears for Zhuan Zhi, smiles for the fox" encapsulates the shared emotional experiences that transcend cultural boundaries, highlighting a growing cultural self-assurance [8]. - The rise of Chinese cinema on the global stage is enhancing the acceptance and appreciation of Chinese culture, as evidenced by the success of "Zhuan Zhi 2" [8]. Group 3: Youth Engagement - The creative teams behind "Zhuan Zhi 2" and "Zootopia 2" are primarily composed of young talent, reflecting a shift towards youthful expression in filmmaking [6]. - Films like "Nanjing Photo Studio" and "Wang Wang Life" are narrated from a young person's perspective, showcasing innovative storytelling that resonates with younger audiences [6]. - The recognition of young actors and creators at prestigious awards, such as the Golden Rooster Awards, underscores the importance of youth in the future of Chinese cinema [6].

Investment Rating - The report maintains an "Outperform the Market" rating for the media sector [4][36]. Core Views - The media sector has shown a slight increase of 0.48% this week, underperforming compared to the CSI 300 index (0.75%) and the ChiNext index (4.09%) [11][12]. - The game "Escape from Duckkov" has surpassed 2 million sales as of October 28, 2025, indicating strong market interest [15][36]. - OpenAI is preparing for an IPO expected in the second half of 2026, with a potential valuation reaching 12 digits [16][36]. Summary by Sections Industry Performance - The media sector's performance this week ranked 18th among all sectors, with notable gainers including BlueFocus, Yue Media, and Fushi Holdings, while losers included Giant Network and ST Huatuo [11][12][13]. Key Data Tracking - The box office for the week (October 27 - November 2) reached 213 million yuan, with the top three films being "Life of Langlang" (37 million yuan, 17.5% share), "Improv Murder" (35 million yuan, 16.1% share), and "Eagle Warrior: Last Strike" (29 million yuan, 13.6% share) [17][19]. - In the gaming sector, the top three mobile games in September 2025 were "Whiteout Survival" and "Kingshot" by Didi Interactive, and "Gossip Harbor: Merge & Story" by Lemon Microfun [24][26]. Investment Recommendations - The report suggests a continued positive outlook on the gaming sector, particularly focusing on new product cycles and IP trends, recommending stocks such as Giant Network, Kaiying Network, and Jibite [3][36]. - It also highlights the potential for AI applications in various sectors, including animation, advertising, and e-commerce, suggesting companies like Mango TV and Bilibili for media content [3][36]. Company Earnings Forecasts - Key companies such as Kaiying Network, Mango TV, and Fenjun Media are rated as "Outperform the Market," with projected earnings per share (EPS) for 2025E and 2026E showing growth [4][38].

Investment Rating - The report maintains an "Outperform the Market" rating for the media sector [4][36][40] Core Views - The media sector has shown a slight increase of 0.48% this week, underperforming both the CSI 300 index (0.75%) and the ChiNext index (4.09%) [11][12] - The game "Escape from Duckkov" has surpassed 2 million sales as of October 28, 2025, indicating strong market interest [15][36] - OpenAI is preparing for an IPO expected in the second half of 2026, with a potential valuation reaching 12 digits [16][36] Summary by Sections Industry Performance - The media sector's performance this week ranked 18th among all sectors, with notable gainers including BlueFocus, Yue Media, and Fushi Holdings, while losers included Giant Network and ST Huatuo [11][12][13] Key Data Tracking - The box office for the week (October 27 - November 2) reached 213 million yuan, with the top three films being "Life of Langlang" (37 million yuan, 17.5% share), "Improv Murder" (35 million yuan, 16.1% share), and "Eagle Warrior: Last Strike" (29 million yuan, 13.6% share) [17][19] - In the gaming sector, the top three mobile games in September 2025 were "Whiteout Survival" and "Kingshot" by Didi Interactive, and "Gossip Harbor: Merge & Story" by Lemon Microfun [24][26] Investment Recommendations - The report suggests a continued positive outlook on the gaming sector, particularly focusing on new product cycles and IP trends, recommending stocks such as Giant Network, Kaiying Network, and Jibite [3][36] - It also highlights the potential for growth in AI applications across various sectors, including animation, advertising, and education [3][36] Company Earnings Forecasts - Key companies such as Kaiying Network, Fenjun Media, and Mango Super Media are rated as "Outperform the Market," with projected earnings per share (EPS) for 2025E being 1.01, 0.39, and 0.76 respectively [4][38]