Large cap weakens, decline in number of moviegoers, shanghai film performance under pressure in the first three quarters | interpretations
①Affected by the weak performance of the large cap film market this year and the decrease in viewership, shanghai film's revenue and net profit in the first three quarters declined year-on-year. ②Considering the smooth progress of the company's major IP business, a heavyweight animated film is scheduled for release next year, institutions predict that the company is expected to have a prosperous year in terms of products next year.
The film market is sluggish, china film co., ltd.'s net profit in the first three quarters dropped by more than 50% | interpretations
The slump in the film market is reflected in the performance of china film co., ltd., with net profit in the first three quarters of the company dropping by more than 50%, and Q3 single-quarter net profit falling by nearly 90%. The total box office revenue from July to September this year was 10.864 billion yuan, a 43.75% decrease from the same period last year, with the decline expanding month by month. The film 'Volunteers: Battle for Survival,' led by the company, won the National Day box office championship, and the subsequent release of reserves is expected to boost performance.
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① On October 25, 2024, Zhipu AI launched AutogLM, an autonomous smart device. AutoGLM is a mobile phone operation assistant that simulates users clicking on the screen and a browser assistant that clicks on the web. Currently, it can be used with 8 well-known applications including WeChat, Taobao, Meituan, and Xiaohongshu. ② A list of Smart Spectrum AI concept stocks.
The total box office of the National Day holiday broke 1.5 billion! "Volunteers: Battle for Survival" leading with 0.6 billion, which A-share companies are expected to become winners behind them?
1. Box office statistics show that the total box office of the National Day holiday has exceeded 1.5 billion yuan, with "Volunteers: Battle for Survival", "749 Bureau", and "Road of Fire" currently ranking top three in terms of box office. 2. According to incomplete statistics from Caixin, behind the National Day holiday films, there are numerous public listed companies involved, including China Film Co., Ltd., Bona Film Group, Huayi Brothers Media Corporation, Beijing Jingxi Culture & Tourism, Hengdian Entertainment, and more.
Shanghai Film: Two animated works will be launched next year | Focus on the earnings conference
①At today's earnings conference, the secretary of shanghai film revealed that two highly anticipated animated works, 'Summer of Little Monster' and 'Chinese Strange Stories 2', are currently in production and planned to be launched in 2025; ②In addition, the shortage of high-grossing quality films has disrupted the operation model of cinema channels primarily relying on box office revenue. Shanghai film has begun implementing a new spatial operation plan targeting core business districts.
China Film Co., Ltd.: The film market is entering a time of change, and two major films will be released during the National Day holiday.
①At the semi-annual earnings conference of China Film Co., Ltd. held today, attention was drawn to how to deal with the sluggish film market and the reserve of new films in the second half of the year. ②Fu Ruoqing, the chairman of the company, said that the top films in the past two time periods have insufficient driving force for the large cap market. Both domestic and imported films need a significant improvement in both quantity and quality. ③Currently, two major domestic films and 7 imported films are planned to be released before the end of the year.