Red Star Capital Bureau reported on February 14 that the box office of the movie " Hot and Spicy Hot " exceeded 1.6 billion yuan, temporarily ranking first in the box office of Spring Festival movies. The box office results of
have also caused the share price of China Literature Group, which co-produces Fang Xinli Films and China Literature Film and Television, to rise by more than 3%, to HK$21.5 per share as of press time.
After watching the movie, Red Star Capital Bureau discovered that "Hot" mainly tells the story of the protagonist Le Ying's growth and transformation process of how to find herself and learn to love herself. On the day the
film was released, Sony Pictures and Xinli Pictures officially announced their overseas distribution cooperation for "Hot and Spicy". This is also the first film in mainland China that Sony Pictures has purchased global distribution rights without participating in the production. Previously, Sony Pictures also won the rights to remake the English version of "Hello, Li Huanying". Both films were directed and starred by Jia Ling.
Hou Xiaonan, the producer of "Hot and Spicy" and CEO and President of China Literature, told Red Star Capital Bureau, "Good stories are a global language. The universal core of loving yourself and being yourself is the universal core of "Hot and Spicy" that can cross cultures and attract global resonance. "Basic."
Picture source: Xinli Films official Weibo
"Hot and Spicy" is the second big screen work directed and starring Jia Ling, and it is also the second cooperation between Jia Ling and China Literature Group and its subsidiary Xinli Media movie of.
In 2021, the Spring Festival movie "Hello, Li Huanying" directed by Jia Ling and produced by Xinli Films, a subsidiary of China Literature, won a box office of 5.413 billion yuan, becoming the Spring Festival box office champion that year.
Red Star Capital Bureau learned that in 2024, China Literature’s IP and film and television businesses will also usher in a big product cycle. TV series " Celebrating More Than Years " Season 2, " Da Feng Da Feng Jie Ren ", " and Feng Xing ", "Rose Story", movies "Under the Stranger", "Customs Front" and many other film and television works are expected to be released in This year's broadcast, especially the second season of "Celebrating More Than Years", currently has more than 11 million reservations on the Tencent Video platform, breaking the platform's record for reservations and becoming Tencent Video's most anticipated TV series.
According to a research report by GF Securities, multiple blockbuster projects planned by China Literature Group and its subsidiary Xinli in 2024 may bring more performance flexibility. In addition, China Literature plans to acquire Tencent Animation to open up the link of online comics and comics and its ai , short dramas and other new business layouts on the track, based on SOTP calculations, the company's reasonable value is HK$40.09 per share, maintaining a "buy" rating.
Red Star News reporter Cheng Luyang
editor Yu Dongmei
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