Movie concept stocks had the highest gains. At press time, Maoyan Entertainment (01896) rose 12.39% to HK$9.34; Starry Sky Chinese (06698) rose 9% to HK$7.99; Leroy Entertainment (02306) rose 7.78% to HK$0.97; IMAX China (01970) rose 4.14% to HK$7.55; and Alibaba Pictures (01060) rose 1.09% to HK$0.465.
Zhitong Finance App learned that movie concept stocks had the highest gains. As of press release, Maoyan Entertainment (01896) rose 12.39% to HK$9.34; Starry Sky Chinese (06698) rose 9% to HK$7.99; Lehua Entertainment (02306) rose 7.78% to HK$0.97; IMAX China (01970) rose 4.14% to HK$7.55; and Alibaba Pictures (01060) rose 1.09% to HK$0.465.
According to the news, according to data from Lighthouse Pro Edition, as of 10:27 on February 23, the total box office (including pre-sales) in February 2024 broke 10 billion dollars. Zhongyuan Securities pointed out that judging from the overall performance of the 2024 Spring Festival holiday film market, although there is a certain holiday length factor, being able to break the same box office and movie viewing records still reflects the current strong demand in the domestic film market. After the Spring Festival holiday is over, Spring Festival movies will continue to release long-term box office for 2 to 3 weeks after the Spring Festival holiday, and can also provide good support for the box office throughout the year.
In addition, Maoyan Entertainment announced that profit attributable to company owners for the year ending December 31, 2023 is expected to be between RMB 880 million and RMB 930 million, an increase of about 739.7% to 787.4% over FY2022. CICC said that the performance forecast exceeded the bank's and market expectations, mainly due to the good performance of Lunar New Year movies, proper management cost control, and adjustments to the predicted income tax rate; attention was paid to the box-office performance of subsequent participating films.