Hong Kong stock concept tracking | High-quality films will increase supply, and the film market is expected to continue to recover in 2025 (including concept stocks).

According to Maoyan Professional Edition data, the movie "Detective Tang 1900" broke 40 million yuan in total box office for the first 8 days of preview and pre-sale. The movie "The Gods Part 2: War of the Western Regions" broke 30 million yuan in total box office for the first 9 days of preview and pre-sale. The movie "Paddington Bear 3: The Great Adventure of Peru" broke 40 million yuan in total box office for the first 20 days of release. The movie "The Legend of the Condor Heroes: The Great Hero" broke 90 million yuan in total box office for the first 9 days of preview and pre-sale. On January 19, 2025, the Chinese New Year presale started, and by 14:27, the total presale box office exceeded 1 billion yuan, setting a record for the fastest presale over one billion yuan in Chinese film history during the Chinese New Year season. At the same time, this Chinese New Year season also set records for the fastest presale over ten million yuan and the longest average film length. Huachuang Securities pointed out that the film market in 2024 was under pressure due to the supply cycle and weak macroeconomic factors, but 2025 has entered a new product release cycle, and the market may return to growth. The presale for the 2025 Chinese New Year season started on January 19th, with a rich lineup and promising future performance. Kaiyuan Securities stated that the films released during the Chinese New Year season this year have high market expectations, different user circles, mostly sequels of top IP films, which may drive the box office to new heights. According to the Lighthouse Professional Edition, on January 19, 2025, the Chinese New Year presale for the film market started, and by 14:28, the total presale box office exceeded one billion yuan, setting a record for the shortest time to break the one billion yuan mark in Chinese New Year film history. The Chinese New Year season is a battleground for listed film companies, with companies like ALI PICTURES, Wanda Film Holding, Bona Film Group, and China Film Co., Ltd. participating in producing multiple films for the Chinese New Year season. Morgan Stanley analysts, including Rebecca Xu, stated in a report that the Chinese New Year box office in 2025 is expected to break historical records, benefiting from a strong lineup and active market demand. It is expected that the box office performance before the Chinese New Year will be strong, but the performance after the holiday season will be more subdued. The forecasted box office for the Chinese New Year season is 8.8 billion yuan, a 9% increase year-on-year. Related Hong Kong stocks in the film industry chain include: MAOYAN ENT (01896), ALI PICTURES (01060), IMAX China (01970), STAR CM (06698), CHINA RUYI (00136), LINMON MEDIA (09857), CHINA LIT (00772), HUANXI MEDIA (01003), etc.