Core Insights - The Chinese film industry is experiencing significant growth, with box office revenue reaching 29.231 billion yuan and 641 million admissions in the first half of 2025, representing year-on-year increases of 22.91% and 16.89% respectively, while domestic films accounted for 91.2% of the box office [1][3] Group 1: Domestic Film Performance - Domestic films have shown remarkable success, with the film "Ne Zha" achieving a global box office of over 15.44 billion yuan, ranking fifth in global box office history, indicating a leap in both industrial production standards and artistic expression [3] - The diverse genre landscape and high production quality of domestic films are continuously attracting audiences, with upcoming films like "The Son of Time" and "The Lychee of Chang'an" expected to maintain this momentum [3] Group 2: Policy and Market Dynamics - Various consumption promotion policies have effectively lowered barriers and boosted consumer willingness, with initiatives like the "China Film Consumption Year" providing 91.25 million yuan in subsidies, leading to an additional box office increase of over 540 million yuan [4] - The "Film Benefit Consumption Season" initiative, with 780 million yuan in subsidies, generated 6.088 billion yuan in box office revenue, showcasing the effectiveness of these measures in stimulating market activity [4] Group 3: Cross-Industry Integration - The "Film+" initiative has successfully expanded consumption avenues, linking film with tourism, transportation, and dining, thus creating a multi-faceted consumption ecosystem [5] - The integration of the film industry with other sectors is fostering a composite consumption chain that includes various activities beyond just viewing films, enhancing overall market vitality [5] Group 4: Institutional Innovation - The introduction of regulations allowing Hong Kong and Macau service providers to invest in film production in mainland China is expected to bring in advanced experiences and capital, promoting creative diversity and industry upgrades [6] - There is a need for optimized policies to support international cooperation and innovation in film content, including the establishment of special funds for co-productions and improved intellectual property protections [6]

2025上半年总票房达292.31亿元，同比增长22.91%。 综合各票房平台数据，截至7月2日，2025年暑期档（6月-8月）总票房（含预售）超20亿元，《碟中谍 8：最终清算》《酱园弄·悬案》《新·驯龙高手》《名侦探柯南：独眼的残像》《时间之子》暂列票房前 五名，并且档期票房均已破亿。 除了动画片之外，孙佳山认为历年暑期档的其他热门影片有一定的共性。他表示，从《战狼2》到《我 不是药神》再到《八角笼中》《孤注一掷》，暑期档已经充分验证了关切现实社会、反映现实焦虑的现 实题材影片是'引燃'暑期档的关键。他表示，今年暑期档丰富的内容布局，有望重现2023年《消失的 她》《八角笼中》《长安三万里》《封神第一部》《孤注一掷》等影片形成的接力式传播效应。 随着6月30日《哪吒2》在国内最后一天上映，今年的电影市场也正式进入"下半场"时间。值得一提的 是，刚过去的上半年是2020年以来全国票房表现最佳的上半年。 猫眼娱乐市场分析师赖力则对第一财经记者分析称，目前看来，暑期档进口片的整体表现要暂时好于国 产片。 对于动画电影领域，在中央文化和旅游管理干部学院研究员孙佳山看来，今年暑期档各类高质量动画电 影密集上映，折射 ...

【深圳商报讯】（记者祁琦）盛夏热浪席卷影院，2025年暑期档迎来强劲开局。截至7月1日16时许，全国电 影总票房突破19.7亿元，《碟中谍8：最终清算》《酱园弄·悬案》暂列冠亚军。接下来，《长安的荔枝》 《东极岛》《侏罗纪世界：重生》《731》《恶意》等国内外多元影片将纷至沓来。 好莱坞动作巨制《碟中谍8：最终清算》以汤姆·克鲁斯搏命实拍的极限特技征服观众，上映33天豪取4.55亿 元暂时领跑市场。陈可辛悬疑力作《酱园弄·悬案》紧随其后，凭借导演口碑与全明星阵容，上映11天斩获 3.36亿元。 动画领域双雄并立，梦工厂《新·驯龙高手》以精良制作收获2.33亿元票房，日本国民级IP《名侦探柯南：独 眼的残像》上映5天即破1.84亿元，双双跻身票房前五，凸显家庭观影群体的强劲需求。国产科幻动画《时间 之子》则以独特时空穿越设定赢得年轻观众青睐，以1.86亿元稳居第五。 电影海报。（官方供图） 家庭温情题材暖心抚慰人心：《不再退缩》中潘斌龙陪伴跛足女儿征战冰球场，《无名指》里郭富城守护重 疾女儿搏击人生，姜文自导自演《你行！你上！》讲述钢琴神童逆境成长的励志传奇，陈佩斯则将经典话剧 《戏台》搬上银幕，呈现民国梨园荒 ...

Group 1 - The core viewpoint of the articles highlights the significant growth in China's film industry, with a total box office of 29.231 billion yuan and 641 million viewers in the first half of 2025, representing year-on-year increases of 22.91% and 16.89% respectively, with domestic films accounting for 91.2% of the box office [1][6] - The film market is rich in supply, with 25 films surpassing 100 million yuan at the box office this year, including 16 domestic films and 9 foreign films, alongside an increase in the number of imported films to 59, up by 24 from the previous year [1][6] - Various initiatives have been launched by the National Film Administration and other departments to invigorate the film industry, including the "China Film Consumption Year" campaign, which provided 91.25 million yuan in viewing subsidies, leading to an additional 540 million yuan in box office revenue [8][10] Group 2 - The "New Year Film Consumption Season" during the Spring Festival generated 7.8 billion yuan in actual subsidies, contributing to 60.88 billion yuan in box office revenue, accounting for approximately 25% of the market during that period [10] - The "Follow the Movie to Travel China" initiative has been successfully implemented in various countries, promoting domestic film-themed tourism routes that have attracted foreign tourists [10][12] - The National Film Administration and the Ministry of Commerce have initiated the "Follow the Movie to Taste Food" program to enhance synergy between the film and catering industries, while regulations have been established to encourage Hong Kong and Macau service providers to invest in film production in mainland China [14]

证券研究报告 点评报告 2025 年 6 月 27 日 晨会纪要 核[心Ta观bl点e_：Summary] 一、产业综合组： 昨晚小米 YU7 正式公布售价并接受预定，3 分钟大定突破 20 万台，其中锁单超 过 10 万台。一小时大定达到 28.9 万台，虽然预售数据没有超过小米第一款车 SU7，但远好于其他公司新车发布的预售数据。小米 YU7 的售价和特斯拉 Model Y 相比，便宜了 1 万，另外两个版本相比特斯拉 Model Y 均便宜了 3 万，考虑特斯 拉目前的五年免息按 2 万元优惠算，也 YU7 都便宜 1 万元。受良好销售数据推动， 小米美国 ADR 涨 9.8%，预计今日港股小米，国内配套智能座舱的华阳集团、德 赛西威，提供车载充电机的富特科技、提供散热的思泉新材等会受益较大。 路透社昨日报道，美国白宫有官员表示，美国已与中国达成加快对美出口稀土的 谅解。中国驻美大使馆没有立即回应置评请求。此前美国总统特朗普表示，美国 周三与中国签署了一项与贸易相关的协议，但并未说明具体内容。从前几天中国 管制芬太尼原料，到昨日有报道称美国商务部周三发出许可函，允许向中国目的 地船只装载乙烷，但在未获额 ...

Core Insights - The article highlights the ongoing success of animated films in China, particularly noting the record-breaking box office performance of "Ne Zha" and the anticipation for upcoming animated releases during the summer season [1][2]. Group 1: Box Office Performance - "Ne Zha" has surpassed 15.9 billion yuan in total box office, ranking fifth in global box office history [1] - The summer season is historically significant for animated films, with past successes including "Ne Zha" grossing 5.035 billion yuan in 2019 and "Chang'an 30,000 Li" earning 1.824 billion yuan in 2023 [1] - The summer box office has seen strong performances from various animated films, with "The Time of Son" and "Doraemon: Nobita's Adventure in Painting" achieving 67.82 million yuan and 63.46 million yuan respectively [2] Group 2: Upcoming Releases - Several animated films are set to release this summer, many of which draw from traditional Chinese cultural stories, such as "Wang Wang Mountain Little Monster" and "Liaozhai: Lanruo Temple" [3] - "Liaozhai: Lanruo Temple," set to release on July 12, adapts classic tales from "Liaozhai Zhiyi" and features various artistic styles [3] - "Wang Wang Mountain Little Monster," based on the popular short series "Chinese Tales," is scheduled for release on August 2 [4] Group 3: Classic IP and New Entries - Established animated franchises like "Pleasant Goat and Big Big Wolf" and "Pipilu and Luxixi" are releasing new films, with "Pleasant Goat and Big Big Wolf: Dawn of the Foreign Country" celebrating its 20th anniversary [5] - "Pipilu and Luxixi: The 309 Dark Room" faced challenges after a poor initial release last year, indicating a competitive landscape for animated films this summer [5] Group 4: Imported Animation - The imported animation market is diversifying, with three Japanese films and a new Pixar film entering the summer lineup, breaking the dominance of major studios [6] - "Detective Conan: The Eye of the Eye" and "Crayon Shin-chan: The Kingdom of Adults" are among the anticipated Japanese releases, with significant viewer interest [6] - The Pixar film "Earth Agents," directed by a Chinese-American director, aims to appeal to family audiences with its imaginative themes [6] Group 5: International Collaborations - "Tom and Jerry: Starry Adventure," a co-production between China and the U.S., is set to release on August 9, showcasing a blend of Eastern and Western storytelling [7] - Other international films from Russia and Norway are also expected to attract niche audiences with their unique styles and narratives [7] - The success of "Ne Zha" has raised expectations for animated films across all age groups in China, marking a significant moment for the industry [7]

Group 1 - The total box office for the summer season in mainland China has surpassed 1 billion RMB as of June 19, 2025, with major films like "Mission: Impossible 8" leading the charts [1] - Animation films have a strong presence, occupying three out of the top five spots in the box office rankings, indicating a robust performance in this genre [1] - Upcoming film "Jiangyuan Nong: Suspense Case" is expected to generate significant box office revenue, with predictions of reaching 90 million RMB on its opening day [1] Group 2 - A total of 87 films have been scheduled for the summer season, with 68 films yet to be released, showcasing a diverse range of genres and appealing to various audience preferences [2] - Notable upcoming films include popular IP sequels such as "Detective Conan" and "Jurassic World: Rebirth," alongside historical dramas and adaptations of popular novels [2] - The overall lineup for this summer's film season is expected to be strong, with a solid foundation of headliner films and animation, likely to drive significant box office success [2]

昨天，发生了哪些财经大事？ LABUBU大量补货后 二手报价腰斩 6月19日，据第一财经报道，近日，泡泡玛特THE MONSTERS前方高能系列-搪胶毛绒挂 件盲盒（LABUBU 3.0系列）在泡泡玛特官方商城小程序等渠道补货，有不少消费者在社交 平台表示自己抢到了。本次Labubu 3.0系列的最长预售期至今年9月22日，这意味着消费 者的等待时间可能长达三个月。即使如此，小程序由于抢购人数太多，系统出现过卡顿。 补货后，二手市场的Labubu3.0价格也应声下跌。6月18日之前，在泡泡玛特二手交易群 里，Labubu3.0一端（整盒内含6个盲盒）的价格多在1100-1500之间，而本次补货之 后，不少卖家开出600元-900元的价格。由于每个消费者抢到的Labubu提货时间不一，时 间越往后，价格越便宜。在一个二手交易群里，一位专做潮玩直播间的"黄牛"表示："现在 没有那么稀缺了，如果卖不完，只能自己玩了。" 潮玩二手交易平台千岛app显示，近2个 月内，Labubu3.0系列的成交价呈直线上升，6月16日到达最高点，近两日有所回落。 图：Labubu前方高能系列价格（6月19日千岛APP数据） 随之冷静 ...

2025年6月20日 ■ 6月19日下午，国家主席习近平同俄罗斯总统普京通电话，重点就中东局势交换意见。【详情】 ■ 6月19日，《中国特色金融发展之路的源头活水与价值启示——溯源习近平同志在闽金融论述与实 践》报告面向全球发布，对习近平同志探索中国特色金融发展道路的实践经验及其世界意义进行全面回 顾、总结。 ■ 第六届跨国公司领导人青岛峰会6月19日开幕。中共中央政治局委员、国务院副总理何立峰出席开幕 式并致辞。 ■ 外交部发言人郭嘉昆6月19日在例行记者会上表示，截至目前，在外交部和中国驻伊朗、以色列及周 边有关国家使领馆组织协调下，已有1600余名中国公民从伊朗安全撤离，数百名中国公民从以色列撤 离。 ■ 商务部新闻发言人何亚东6月19日在例行新闻发布会上表示，2023年，上海自贸试验区开展全面对接 国际高标准经贸规则试点。一年多来，80条试点措施已基本落地。 ■ 商务部国际贸易经济合作研究院6月19日发布了最新的《跨国公司在中国》报告。报告显示，2019— 2024年期间，全国规模以上外商投资(含港澳台投资)工业企业利润总额从1.6万亿元人民币提升至1.8万 亿元人民币。 ■ 为期6天的第9届中国—南 ...

Core Insights - The Annecy International Animation Film Festival showcased a significant presence of Chinese animation, highlighting the industry's growth and international collaboration opportunities [1][2][4] Group 1: Chinese Animation Presence - The Chinese joint exhibition at the festival attracted considerable attention, featuring established companies like CCTV Animation, Central South Cartoon, and Huasheng Animation, alongside emerging firms [1][2] - The participation of various institutions, including universities, indicates a growing integration of education and industry, showcasing the development of talent in the animation sector [2][11] Group 2: Notable Works and Achievements - Chinese animated films such as "Falling into Dust" and "Circus Hero" were recognized in various competition categories, demonstrating the increasing quality and creativity of Chinese animation [5][6] - The success of "I Am Not in Tomorrow," a student project, highlights the potential of young animators and the recognition of their work on an international stage [6][7] Group 3: International Collaboration - The festival facilitated numerous discussions between Chinese and international companies, with notable collaborations emerging, particularly in IP development and global brand operations [9][10] - The interest from European students in seeking opportunities within Chinese animation companies reflects the growing global appeal and influence of the Chinese animation industry [9] Group 4: Educational Initiatives - The MIFA forum emphasized the importance of collaboration in animation education between China and Europe, focusing on integrating AI technology into curricula to meet modern demands [11] - Institutions like Jilin Animation Institute are actively pursuing international partnerships to enhance talent development and educational resources [11]