12月31日，临河里街道、中仓街道等5个街道及乡镇的市民活动中心，将放映《人生路不熟》《送你一朵小红花》 等温情影片。 2026年1月1日至3日，远洋乐堤港B1层公益影厅每日放映《流浪地球2》《潜艇总动员：寻龙》等影片，凭观影凭 证可享商户饮品折扣、线上小程序优惠。 新京报讯 据"北京通州发布"微信公众号消息，新年脚步渐近，通州区元旦文化活动已准备就绪，不仅有多家影院 推出通宵放映、互动抽奖等跨年专属活动，还有覆盖商圈、书店、社区的公益电影放映。 通州区6家影院筹备跨年活动，为市民打造沉浸式迎新体验。 首都电影院（城市副中心店）12月31日营业至次日凌晨5点，除特惠贺岁电影连映外，还推出科学秀互动、亲子跳 蚤市场、新年音乐会、跨年脱口秀等活动。 万象影城（北京通州万象汇杜比巨幕店）设零点跨年场，凭票根可参与抽奖，有电影票、电影周边等礼品。 万达影城、大稿国际影城、银兴万达影城均营业至次日凌晨2点，设置多场跨年连映场。银兴万达影城同步开展电 影周边主题市集。 博纳天时影院则根据当日影片排期，计划放映零点跨年场，满足不同观众的观影需求。 此外，2025年12月31日至2026年1月3日，"光影贺岁·乐享元旦"运河 ...

炒股就看金麒麟分析师研报，权威，专业，及时，全面，助您挖掘潜力主题机会！ 来源：棱镜 //// 徐文荣拒绝登上任何富豪榜，强调横店集团的财富属于集体。而横店集团的控股股东属于社团法人，徐 氏家族的财富也难以为外界估量。 "看这座城楼，就是成毅《莲花楼》的取景地。" "时代少年团来横店拍戏也住这家酒店，偶遇明星的概率很高。"在社交媒体上，到横店蹲守喜爱的明 星、打卡影视剧同款取景地在年轻人中爆火。 作者：肖望 有着"东方好莱坞"之称的横店，已成为全球最大的影视拍摄基地。作为浙江省金华市东阳市下辖的小 镇，"浙江金华，中国横店"令横店人引以为傲。 通过建设影视实景拍摄基地筑巢引凤，横店发展出完善的影视产业集群并带动文旅产业，年产值超350 亿元。而这都得益于横店集团20年前的筹谋规划。 影视文旅产业令横店蜚声海内外，但在横店集团的营收贡献占比还不到10%。贡献了近半营收的电子电 气产业和两成营收的医药化工才是横店集团的里子。 在50年间，横店集团从一家乡镇缫丝厂发展成为横跨影视文旅、电气电子、医药健康和现代服务的超大 型综合集团，总资产超千亿元，手握6家上市公司。 横店集团创始人徐文荣及其长子、横店集团现任董事长 ...

Group 1 - The report by Haitong International initiates coverage on China Ruyi (00136) with an "Outperform" rating and a target price of HKD 4.50, highlighting its potential to become "China's Netflix 2.0" [1] - China Ruyi operates across a wide range of sectors including content production and distribution, online streaming (Pumpkin Movies), cinema exhibition (Wanda Films), online gaming (Jingxiu Games), and IP derivatives, showcasing its comprehensive business layout [1] - The company has created and invested in over 100 film copyrights, achieving a cumulative box office of approximately RMB 40 billion, with projected total revenues of RMB 3.7 billion and RMB 2.2 billion for FY2024 and the first half of FY2025, respectively [1] Group 2 - Pumpkin Movies, as China's largest pure subscription-based streaming platform, focuses on content quality and personalized recommendations for paid users, boasting around 99.3 million registered users and 38.1 million paying users by June 2025 [2] - The gaming segment has become the largest revenue source for the company, contributing 55% of total revenue in the first half of 2025, with a nearly 500% compound annual growth rate from 2022 to 2024, supported by Tencent and various acquisitions [2] - Haitong International predicts adjusted net profits for China Ruyi to reach RMB 2.42 billion, RMB 2.63 billion, and RMB 2.73 billion from 2025 to 2027, based on a PEG valuation method referencing an industry average PEG of 0.8 and a 30% compound annual growth rate in net profit [2]

Group 1 - The core viewpoint of the report is that China Ruyi (00136) is positioned as a market leader in the Chinese film and television industry, with the potential to develop into a "Chinese version of Netflix 2.0" [1] - The company has a broad business layout covering content production and distribution, online streaming (Pumpkin Movies), cinema operations (Wanda Films), online gaming (Jingxiu Games), and IP derivatives [1] - China Ruyi has created and invested in over 100 film copyrights, with a cumulative box office of approximately 40 billion RMB [1] Group 2 - For the fiscal years 2024 and the first half of 2025, the company's total revenue is projected to be 3.7 billion RMB and 2.2 billion RMB, respectively, with adjusted net profits expected to grow significantly to 1.25 billion RMB and 1.3 billion RMB [1] - The company employs a "producer-centered system" that allows for strong control over content themes, production, and quality, successfully launching several high-grossing films [1] - Through its stake in Wanda Films, China Ruyi has enhanced its cinema operation capabilities and secured valuable pre-release investment windows for films, further solidifying its advantages in content investment and distribution [1] Group 3 - As the largest pure subscription-based streaming platform in China, Pumpkin Movies focuses on content quality and personalized recommendations for paying users, boasting approximately 99.3 million registered users and 38.1 million paying users by June 2025 [2] - The gaming business has become the largest revenue source for the company, contributing 55% of total revenue in the first half of 2025, with a nearly 500% compound annual growth rate from 2022 to 2024 [2] - The company is on a path to build a high-quality exclusive content library similar to Netflix, serving both online users through Pumpkin Movies and offline users through Wanda Films [2] Group 4 - The adjusted net profits for China Ruyi are forecasted to reach 2.42 billion RMB, 2.63 billion RMB, and 2.73 billion RMB for the years 2025 to 2027 [2] - The target price of 4.50 HKD is derived using the PEG valuation method, referencing the industry average PEG level of 0.8 times and the company's 30% compound annual growth rate in net profit [2]

Core Insights - The emerging film industry landscape in China is being shaped by new film bases and favorable policies, leading to significant growth in the sector [1][6][23] Group 1: Film Bases and Production - The film base in Guangzhou Panyu, covering an area of 260,000 square meters, combines old factories with modern art, creating visually impactful scenes for films like "Chasing the Wind" [2][4] - A film production base, originally a sugar factory built in 1952, has transformed into a hub for nearly 300 film projects, with over 20 productions scheduled for 2025 alone [4][8] - The integration of Hong Kong film crews into mainland production is increasing, with a notable rise in the number of projects filmed in Guangdong due to its favorable climate and transportation [6][8] Group 2: Policy Support and Industry Growth - The "15 Policies for Guangdong Film" released in May 2025 provides comprehensive support across the film creation and distribution chain, including financial incentives for project development [6][23] - The collaboration between Hong Kong and mainland film industries has been strengthened by policies allowing Hong Kong filmmakers to establish independent production companies in mainland China [23][24] - The film industry in Macau is also experiencing rapid integration with mainland cinema, supported by financial incentives and promotional assistance [25][27] Group 3: Regional Development and Economic Impact - The Guangdong-Hong Kong-Macau Greater Bay Area is fostering a vibrant film market, enhancing cultural resonance and industry advantages that contribute to unique competitive strengths [8][14] - Qingdao has emerged as a significant player in the film industry, boasting over 1,500 film enterprises and a cumulative box office exceeding 38.7 billion yuan [29][30] - The rise of regional film bases is not only enhancing the film industry but also contributing to local economic growth, showcasing the cultural and economic spillover effects of film production [35][36]

Core Viewpoint - The article highlights the recent freezing of shares owned by Ke Liming, a key figure in the film industry and the actual controller of Wanda Film, which has raised concerns about the company's stability and future prospects [3][5][9]. Group 1: Share Freezing Incident - Ke Liming's shares in Shanghai Ruyi Film Production Co., Ltd. and Shanghai Ruyi Investment Management Co., Ltd. have been frozen, totaling 12.87 million RMB, with a freeze period of three years [5][7]. - Both companies are controlled by Ke Liming, who holds 99% of the shares, and they own 49% and 51% of Wanda Investment, the controlling shareholder of Wanda Film [8][10]. - Following the news of the share freeze, Wanda Film's stock price dropped by 0.68%, 3.01%, and 1.06% over three consecutive days, with a market capitalization of 23.589 billion RMB as of September 3 [9]. Group 2: Ke Liming's Background and Business Moves - 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 [17][21]. - He became the actual controller of Wanda Film in December 2023 after a series of share transfers from Wanda Cultural Group and Wang Jianlin, aimed at alleviating Wanda's debt pressure [11][12][20]. - Ke Liming's wealth has increased significantly, ranking 329th on the 2025 New Fortune 500 list with a net worth of 10.39 billion RMB, reflecting a growth of 1.75 billion RMB from the previous year [5][23]. Group 3: Wanda Film's Financial Performance - Wanda Film reported a revenue of 6.689 billion RMB in the first half of 2025, a year-on-year increase of 7.57%, and a net profit of 536 million RMB, up 372.55% [13]. - The company maintained its leading position in the domestic market, achieving a box office of 4.21 billion RMB and a market share of 14.4% in the first half of the year [14][15]. - Membership numbers grew by approximately 40%, reaching around 80 million, with member ticket sales accounting for 37.6% of total box office revenue [15].

Core Viewpoint - The article highlights the recent stock freeze of Ke Liming, a prominent figure in the film industry and the actual controller of Wanda Film, which has drawn public attention due to its implications for Wanda's financial situation and the film industry as a whole [5][11]. Group 1: Stock Freeze and Financial Implications - Ke Liming's shares in Shanghai Ruyi Film Production Co., Ltd. and Shanghai Ruyi Investment Management Co., Ltd. have been frozen, totaling 12.87 million RMB, with a freeze period of three years [5][9]. - The stock freeze has led to a decline in Wanda Film's stock price, with drops of 0.68%, 3.01%, and 1.06% over three consecutive days following the news [11]. - As of September 3, Wanda Film's market capitalization stood at 23.589 billion RMB [11]. Group 2: Ke Liming's Control and Business Ventures - Ke Liming became the actual controller of Wanda Film through a series of stock transfers from Wanda Culture Group to Shanghai Ruyi, culminating in a 51% stake in Wanda Investment, which controls Wanda Film [10][13]. - Ke Liming's wealth is reported at 10.39 billion RMB, ranking him 329th on the 2025 New Fortune 500 list, reflecting a significant increase in his financial standing [7][33]. - His business interests extend beyond Wanda Film, as he also leads the Hong Kong-listed company China Ruyi, which is involved in various sectors including film production, streaming, and gaming [6][10]. Group 3: Wanda Film's Performance and Market Position - Wanda Film reported a revenue of 6.689 billion RMB in the first half of 2025, marking a year-on-year increase of 7.57%, with a net profit of 536 million RMB, a substantial rise of 372.55% [17]. - The company maintains its leading position in the domestic market, with box office earnings of 4.21 billion RMB and a market share of 14.4% in the first half of the year [19]. - Membership numbers have grown by approximately 40%, reaching around 80 million, with member ticket sales accounting for 37.6% of total box office revenue [20]. Group 4: Ke Liming's Background and Career - Ke Liming, born in 1982, has a background in finance and has transitioned into the film industry, gaining recognition for his investments in successful films [22][25]. - His company, Ruyi, has produced numerous successful projects, including popular films and television series, and has recently expanded into the gaming sector [32][33]. - The strategic acquisitions and partnerships in the gaming industry, including a significant purchase of a stake in a leading gaming company, indicate Ke Liming's ambition to diversify and strengthen his business portfolio [33].

Core Viewpoint - The recent freezing of equity held by Ke Liming, a prominent figure in the film industry, has drawn attention to his role as the actual controller of Wanda Film, following a series of strategic acquisitions and investments aimed at alleviating Wanda's debt pressure [1][9]. Group 1: Ke Liming's Background and Career - Ke Liming was born in 1982 in Hubei Province and began his career as a financial analyst after studying management and banking [3]. - He transitioned into the film industry in 2009, initially investing in copyright acquisitions before moving into film production [4]. Group 2: Investment Strategies and Achievements - Ke Liming's early strategy involved acquiring popular book copyrights, leading to successful adaptations such as "Scarlet Heart" and "Nirvana in Fire" [4]. - His investment in the film "So Young" generated over 700 million yuan in box office revenue, significantly raising his profile in the industry [5]. - Under his leadership, China Ruyi has produced numerous successful films and series, contributing to its reputation as a major player in the entertainment sector [6]. Group 3: Recent Developments and Financial Performance - In 2024, Wanda Film announced a change in control to Ke Liming after a significant equity transfer, marking a pivotal moment in the company's ownership structure [9]. - Wanda Film reported a revenue of 6.689 billion yuan in the first half of 2024, reflecting a year-on-year growth of 7.57%, with a net profit increase of 372.55% [9]. - The company has maintained its position as the top box office performer in China for 16 consecutive years, with notable growth in its cinema presence [9]. Group 4: Diversification and Future Plans - Ke Liming has expanded China Ruyi's portfolio into the gaming sector, acquiring assets from ByteDance and investing in other tech-related ventures [10]. - The company is also venturing into financial services, having recently acquired a stake in KuaiQian Financial, which is expected to synergize with its existing entertainment businesses [13][12]. - Ke Liming's wealth is estimated at 10.39 billion yuan, placing him among the top wealth creators in the 2025 New Fortune Magazine rankings [14].

Core Viewpoint - The article discusses the passing of Chinese actress Zhu Yuanyuan and the subsequent spread of false information regarding her will and personal matters, highlighting the ethical issues surrounding the exploitation of public sentiment for personal gain [1][3]. Group 1: Zhu Yuanyuan's Passing - Zhu Yuanyuan, a prominent actress from the National Theatre of China, passed away on May 17, 2025, after a five-year battle with cancer, as announced by her husband Xin Baiqing [5][6]. - The National Theatre of China expressed deep sorrow over her death, acknowledging her contributions to the arts and the impact she had on her colleagues and audiences [1][6]. Group 2: Misinformation and Ethical Concerns - Following her death, various self-media accounts circulated fabricated content, including a false will attributed to Zhu Yuanyuan, which misrepresented her health condition and personal wishes [1][2]. - The dissemination of such misinformation is seen as a violation of the dignity of the deceased and a source of additional pain for the grieving family [3].

Core Viewpoint - Actress Zhu Yuanyuan passed away from cancer on May 17, 2025, after a nearly five-year battle, as announced by her husband Xin Baiqing [2] Group 1: Personal Background - Zhu Yuanyuan was born on March 18, 1974, in Qingdao, Shandong Province, China [2] - She graduated from the Central Academy of Drama in 1997, majoring in performance [2] Group 2: Career Highlights - Zhu Yuanyuan's first television drama was "A Ground of Chicken Feathers," which aired in 1995 [3] - She won the 10th Beijing Television Arts Spring Swallow Award for Best Actress and the 18th China Television Golden Eagle Award for Most Popular Actress for her role in "Happy Life of Pianzui Zhang Damin" in 1998 [3] - In 2004, she was nominated for the 24th China Television Flying Sky Award for Outstanding Actress and the 22nd China Television Golden Eagle Award for Most Popular Actress for her role in "Romantic Affairs" [4] - Zhu Yuanyuan received the 23rd China Television Golden Eagle Award for Most Popular Actress in 2006 for her role in "Family with Nine Phoenixes" [4] - She won the 11th China Film Performance Art Society Golden Phoenix Award for Performance Society Award in 2007 for her role in the film "Tian Gou" [4] - In 2021, she won the 18th Film Channel Media Awards for Most Media Attention Supporting Actress for her role in "Send You a Flower" [7] - Zhu Yuanyuan received the Best Supporting Actress award at the 34th China Film Golden Rooster Awards and the 36th Popular Film Hundred Flowers Awards for her performance in "My Sister" [8] Group 3: Recent Works - In 2023, she participated in the film "Ocean Legend" directed by Liu Hongmei [8] - She starred in the urban light comedy "What's the Big Deal" set to air on August 27, 2024 [8]