丨证券研究报告丨 [Table_scodeMsg1] 公司研究丨点评报告丨上海电影（601595.SH） [Table_Title] 公司业绩亮眼主要系《浪浪山小妖怪》表现亮眼， 后续仍有多重催化 分析师及联系人 [Table_Author] 高超 SAC：S0490516080001 SFC：BUX177 请阅读最后评级说明和重要声明 %% %% %% %% research.95579.com 1 报告要点 [Table_Summary] 上海电影公布 2025 年三季度报告：2025 年前三季度，公司实现营业收入 7.23 亿元，同比增 长 29.09%；实现归母净利润 1.39 亿元，同比增长 29.81%。其中，2025 年 Q3 单季度实现营 业收入 3.61 亿元，同比增长 101.60%；实现归母净利润 0.86 亿元，同比增长 123.51%；扣非 归母净利润 0.80 亿元，同比增长 10,679.37%。业绩大幅增长主要系 Q3 暑期档动画电影《浪 浪山小妖怪》票房及 IP 衍生业务表现亮眼。 [Table_scodeMsg2] 上海电影（601595.SH） cjzqdt11111 [ ...

Core Points - The 11th Shanghai International Comedy Festival will take place from November 13 to January 20, breaking the record with over 50 performances from various international troupes [1][3] - The festival will feature original works in the Shanghai dialect, including "72 National Tenants" and "Cai Rou Hun Tun," showcasing local culture [5][6] - The closing performance will be "Robot An An's Adventure" by the Hungarian BANDART art group, which combines interactive technology with theater [9][11] Group 1 - The festival will present over 50 comedy performances from multiple countries, including Hungary, Japan, Italy, Spain, Australia, and Hong Kong [3][8] - Original Shanghai dialect productions will be highlighted, with "72 National Tenants" exploring cultural diversity through the lens of a shared living space [5][6] - The festival will also feature a variety of international acts, including Japan's Yoshimoto Kogyo and Italian experimental theater [10][13] Group 2 - The festival will include a "Family Fun Comedy" section with several family-oriented performances, such as "A Day in the Life of an Astronaut" and "Mom's Flavor" [19][21] - A special segment will showcase emerging comedians from last year's competition, providing them a platform to perform in a larger venue [22] - The festival aims to integrate cultural tourism and entertainment, with various comedy routes connecting notable theaters and tourist attractions in Shanghai [24][26]

喜剧节闭幕大戏是由匈牙利BANDART艺术组合带来的《机器人安安历险记》，该剧曾斩获匈牙 利、德国表演奖等国际大奖。日本喜剧剧团吉本兴业将为上海观众奉送"搞笑大礼包"，包括大受好评的 《吉本新喜剧》，以及集结了众多优秀搞笑艺人的《综艺SHOW》。意大利地下剧团的《噼！啪！ 碰！》和《历史的天使》，均以创新的互动设计颠覆传统剧场体验。 陪伴观众走过十年的演艺大世界·上海国际喜剧节，递上全新喜剧之旅邀请函。昨天在上海大世界 举行的新闻通气会上，组委会宣布第十一届喜剧节将于今年11月13日至明年1月20日举行。今年喜剧节 以50余部剧目突破数量纪录，匈牙利、日本、意大利、西班牙、澳大利亚等喜剧作品首演首秀集中亮 相。 记者 诸葛漪 除夕夜，一栋楼、72国房客，一场停不下来的国际闹剧……由上海滑稽剧团精心打磨的原创大戏 《72国房客》拉开本届喜剧节大幕。故事舞台搭建在上海一座充满岁月痕迹的老旧公寓里，来自世界各 地的租客碰撞出无数令人捧腹的火花，谱写一曲世界共融的"欢乐颂"。汇聚半个上海滩"熟面孔"的沪语 电影《菜肉馄饨》"刚刚包好"，同名中篇评弹也将在喜剧节期间首演于上海兰心大戏院。 ...

上海原创轮番登台 在上海这座日新月异的国际大都市，城市与人的故事，永远是最吸引中外观众的"上海原创"，《繁 花》写上海的过去，《菜肉馄饨》写上海的当下。将在艺术节首演的上海评弹团中篇评弹《菜肉馄饨》 改编自金莹同名小说，"上海爷叔"老汪每周六骑着自行车穿行于市集，为儿子精心准备一碗菜肉馄饨， 却意外在公园相亲角卷入情感旋涡。上海评弹团团长高博文担任评弹《菜肉馄饨》制作人，一级演员徐 惠新任编剧及主演，为观众"烹调"出有别于同名电影的舞台味"上海馄饨"。 上海民族乐团《诗的中国》音乐会，则是又一部在本届艺术节首演的"上海原创"。与《太和正音 ——故宫昆曲萃集》类似，创作者从中华优秀传统文化中汲取灵感。乐团首度牵手知名学者骆玉明，以 超越编年的历史纵深视角，撷取从《诗经》到唐诗宋词等不朽名篇的精华，通过隽永的国乐之声灵动展 现中国诗词承载的文化美学基因。 记者 诸葛漪 昨晚，上海昆剧团与故宫博物院共同出品的《太和正音——故宫昆曲萃集》（第一季）亮相上海大 剧院，为第二十四届中国上海国际艺术节拉开大幕。"上海原创"借助艺术节这一世界一流节展平台扬帆 远航，在全球演艺版图锚定上海坐标。 全新演绎中国故事 10月16日 ...

Core Points - The 24th China Shanghai International Arts Festival will take place from October 17 to November 27, featuring over 500 performances and exhibitions, totaling more than 1,200 events [2][7] - Nearly 60% of the main performances are international projects, with almost 90% being premieres in Shanghai, including 11 exclusive international projects [2][5] - The festival will showcase a diverse range of performances from top global arts institutions and renowned artists, including Mahler's complete symphonies and unique operatic presentations [4][6] Group 1: Festival Highlights - The opening performance will be a collaboration between the Shanghai Kunqu Opera Troupe and the Palace Museum, featuring the Kunqu opera "Taihe Zhengyin" [2] - The closing concert will be conducted by Daniel Harding with the Santa Cecilia Orchestra, presenting classics from Verdi, Ravel, and Rachmaninoff [2] - Notable performances include the Stuttgart Ballet's "Romeo and Juliet" and the Bavarian State Opera's six-day opera carnival [4][5] Group 2: Chinese Original Works - The festival will present original Chinese stage productions, including a new version of Sartre's "Dirty Hands" by the National Theatre of China and a dance drama "Kizil" celebrating the 70th anniversary of Xinjiang [5][6] - Collaborations between Chinese and international artists will feature works like "He Xi Drama: Master’s Night" and the semi-staged opera "Women’s Heart" [5][6] Group 3: Regional and Community Engagement - The festival will extend to regional venues in Jiangsu, Zhejiang, and Anhui, with a focus on cultural exchange through performances and exhibitions [7] - The "Art Sky" initiative will involve nearly 2,000 artists from over 30 countries, bringing global artistic resources to public spaces [7] Group 4: New Initiatives - The festival introduces "ARTRA Self-Defined Art," showcasing cross-disciplinary stage works, including a large-scale performance installation [8]