As 2017 comes to the end, the annual target of a total box office with 55 billion yuan will be achieved soon. As at the press time December 28, the total box office in China reached 54,575 million yuan, increasing 20 percent from the previous year. The outstanding performance of the Youth and the Legend of the Demon Cat will make final efforts to the annual target. Some movie stocks surged on December 28. Does it mean that the movie sector with declining stock prices and valuation will recover?
Statistics of a ticket platform under Alibaba Pictures show that as at 19:00 December 28, the total box office reached 54,575 million yuan. Based on the data released by the State Administration of Press, Publication, Radio, Film and Television, the box office has exceeded 50 billion yuan as at November 20. It is the first time that the box office surpassed 50 billion yuan. It reached 43.71 billion yuan and 45.46 billion yuan in 2015 and 2016. Statistics show that as at December 27, the box office was 3,766 million yuan in December. As the box office was over 4 billion yuan in December 2016 and 2015, it is certain to see increases this month.
Film companies will release movies during the New Year movie season. Huayi Brothers Media Corporation (300027.SZ) released the Youth on December 15 and the box office has reached 992 million yuan at the press time. Feng Xiaogang will be another director with a box office of over 1 billion yuan for the first time. The Legend of the Demon Cat introduced by New Classics Media and Wanda Film Holding Co., Ltd. (002739.SZ) has recorded a box office of 352 million yuan in the first seven days and is expected to further increase in following days.
For the gap of less than 500 million yuan to the annual target of 55 billion yuan, four new movies to be released on December 29, including the Gold Buster, will contribute. The advance ticket sales reached nearly 100 million yuan on December 29 and the box office is expected to reach 231 million yuan.
The Wolf Warrior 2 recorded a box office of 5,683 million yuan, accounting for over 10 percent of the total box office. CITIC Securities believes that with the increase in the audience, the market is expected to reach 100 billion yuan. Meanwhile, the Wolf Warrior 2 shows that movies meeting the preference of audience will attract more viewers. The latest research report of Huatai Securities shows that the media sector will be favored by capitals in short term and the sector is expected to strengthen gradually. As the New Year movie season approaches, investors are advised to pay attention to the film sector, including Shanghai Film Co., Ltd. (601595.SH), Omnijoi Media Corporation (300528.SZ), Hengdian Entertainment Co., Ltd. (603103.SH) and Guangzhou Jinyi Media Corporation (002905.SZ). It is learnt that the stock prices of Omnijoi Media and Shanghai Film soared by the daily limit of 10 percent on December 28. Hengdian Entertainment even jumped by the daily limit of 10 percent and closed 5.66 percent higher.
Nine new movies will be released during the New Year holidays. Besides the Hanson and the Beast, the Miracles of the Namiya General Store, the Ex-file: the Return of the Exes and the Gold Buster debuted on December 29, two animated movies, namely the Gulu Mermaid 2 and the Barkley the Cat, will also be released. Beijing Jingxi Culture&tourism Co., Ltd. (000802.SZ) guaranteed a maximum box office of 500 million yuan for the Hanson and the Beast. The Miracles of the Namiya General Store is released by Wanda Film and Emperor Entertainment. The Ex-file: the Return of the Exes is introduced by Huayi Brothers Media while the Gold Buster is jointly introduced by Mahua FunAge and J.Q. Pictures.
Statistics of a ticket platform under Alibaba Pictures show that as at 19:00 December 28, the total box office reached 54,575 million yuan. Based on the data released by the State Administration of Press, Publication, Radio, Film and Television, the box office has exceeded 50 billion yuan as at November 20. It is the first time that the box office surpassed 50 billion yuan. It reached 43.71 billion yuan and 45.46 billion yuan in 2015 and 2016. Statistics show that as at December 27, the box office was 3,766 million yuan in December. As the box office was over 4 billion yuan in December 2016 and 2015, it is certain to see increases this month.
Film companies will release movies during the New Year movie season. Huayi Brothers Media Corporation (300027.SZ) released the Youth on December 15 and the box office has reached 992 million yuan at the press time. Feng Xiaogang will be another director with a box office of over 1 billion yuan for the first time. The Legend of the Demon Cat introduced by New Classics Media and Wanda Film Holding Co., Ltd. (002739.SZ) has recorded a box office of 352 million yuan in the first seven days and is expected to further increase in following days.
For the gap of less than 500 million yuan to the annual target of 55 billion yuan, four new movies to be released on December 29, including the Gold Buster, will contribute. The advance ticket sales reached nearly 100 million yuan on December 29 and the box office is expected to reach 231 million yuan.
The Wolf Warrior 2 recorded a box office of 5,683 million yuan, accounting for over 10 percent of the total box office. CITIC Securities believes that with the increase in the audience, the market is expected to reach 100 billion yuan. Meanwhile, the Wolf Warrior 2 shows that movies meeting the preference of audience will attract more viewers. The latest research report of Huatai Securities shows that the media sector will be favored by capitals in short term and the sector is expected to strengthen gradually. As the New Year movie season approaches, investors are advised to pay attention to the film sector, including Shanghai Film Co., Ltd. (601595.SH), Omnijoi Media Corporation (300528.SZ), Hengdian Entertainment Co., Ltd. (603103.SH) and Guangzhou Jinyi Media Corporation (002905.SZ). It is learnt that the stock prices of Omnijoi Media and Shanghai Film soared by the daily limit of 10 percent on December 28. Hengdian Entertainment even jumped by the daily limit of 10 percent and closed 5.66 percent higher.
Nine new movies will be released during the New Year holidays. Besides the Hanson and the Beast, the Miracles of the Namiya General Store, the Ex-file: the Return of the Exes and the Gold Buster debuted on December 29, two animated movies, namely the Gulu Mermaid 2 and the Barkley the Cat, will also be released. Beijing Jingxi Culture&tourism Co., Ltd. (000802.SZ) guaranteed a maximum box office of 500 million yuan for the Hanson and the Beast. The Miracles of the Namiya General Store is released by Wanda Film and Emperor Entertainment. The Ex-file: the Return of the Exes is introduced by Huayi Brothers Media while the Gold Buster is jointly introduced by Mahua FunAge and J.Q. Pictures.
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