The Zhitong Finance App learned that Maoyan Entertainment (01896) rose by more than 5%. As of press release, it had risen 5.09% to HK$10.32, with a turnover of HK$239.379 million.
According to the news, the Cat Eye Research Institute released the “2024 May 1st Data Insights”. The report shows that in 2024, the total box office of the May 1st series reached 1,527 billion yuan, an increase of 0.4% over the previous year, with an average daily box office of 305 million, slightly higher than the same period last year. With movie ticket prices basically the same as last year, in 2024, the May 1st program achieved a total of 37.775 million movie viewers, the second-best record in history, and set a new record for the number of times the May 1st movie in Chinese film history.
SDIC Securities pointed out that looking back at the movie market since 2024, the New Year's Day, Spring Festival, and Qingming movies all set new box office records for the same period in Chinese film history, further confirming the continued recovery in demand for offline movie viewing. Meanwhile, on the supply side, film filming has fully resumed, and the supply quantity and quality of leading films have stabilized. Looking ahead, the bank is optimistic that the supply of high-quality content will continue to be released after the restoration of demand for watching movies, which will drive a strong recovery in the Chinese film industry.