HK Stock Market Move | MAOYAN ENT(01896) drops over 4% as National Day box office on the first day falls short of 200 million yuan; Citi forecasts a 12% decline in National Day holiday box office.

MAOYAN ENT(01896) fell over 4%, down 4.3% as of press time, at HK$3.78, with a turnover of HK$2.7894 million. On the news front, according to Maoyan Professional Edition, the box office on October 1 this year reached approximately 180 million yuan, hitting a new low in recent years. It is understood that the National Day box office on the first day last year, 2025, was 321 million yuan, with the peak reaching 815 million yuan in 2019. Citi pointed out in a research report last month that investors have low expectations for the National Day holiday box office, mainly due to weak consumption and the lack of a clear blockbuster, while the long Mid-Autumn Festival and National Day holiday may also lead to travel replacing movie consumption; the bank forecasts the 2026 National Day holiday box office at 1.6 billion yuan, down 12% year-on-year.