" Peacekeeping Riot Squad " poster.
Our reporter Chen Shixian reports from Changsha
During this May Day holiday, as hot as the tourism market, there is also the movie box office.
According to data from the Beacon Professional Edition, as of 16:24 on May 5, many movies have been released during the May Day period in 2024, and the total box office (including pre-sales) has exceeded 1.5 billion yuan! "Peacekeeping Riot Squad" and " End" Spend Crazy Money " and " Kowloon Walled City: The Siege " are currently among the top three at the box office (including pre-sales).
Behind the hot box office, which A-share companies have become the big winners?
Some high-quality films are expected to bring excess profits
Reporters found that there are many A-share companies behind the May Day movie schedule. Industry analysts believe that with the help of schedules, some high-quality films are expected to bring excess returns to film participants.
As a popular movie during the May Day period, "Peacekeeping Riot Squad" attracted the attention and support of a large number of fans and viewers in the early pre-sale period. As of 16:24 on May 5, according to Beacon Professional Edition data, the total number of screenings of the film "Peacekeeping Riot Squad" during the May Day period reached 585,800, surpassing the film " King of the Sky " and becoming the May Day domestically produced film in history. The film's box office has reached 395 million yuan.
There are 6 main production companies of this movie, including listed companies Wanda Pictures and Jebsen Group, and 5 joint production companies, including listed company Happy Century. Previously, Wanda Film stated on its interactive platform that the company's main investment and control film "Peacekeeping Riot Squad" is scheduled to be released on May 1. According to Maoyan Professional Edition, as of 12:38 on May 5, the box office of "Peacekeeping Riot Squad" was 380.906 million, ranking first in the May Day box office. Industry analysts believe that Wanda Film's theater business is also expected to benefit from the May Day box office The market for first-tier movies is growing.
"Thelma and Louise" is a May Day comedy movie, and its current box office has reached 372 million yuan. There are many well-known comedy stars, such as Jia Bing, Xiaoshenyang, etc. The producers include Maoyan Entertainment, China Film, etc.
China Film is the first state-owned film company to enter the A-share market. It was listed on the main board of the Shanghai Stock Exchange on August 9, 2016.
"The Siege of Kowloon Walled City" is produced by Hengdian Film and Television and distributed by China Film. In addition, the movie " There is nothing a hot pot can't solve " (withdrawal from today) was produced by Tangde Film and Television and Baina Qiancheng.
Alibaba Pictures is the listed company that participates in the most May Day movies, covering 4 movies, including the production and distribution of "Peacekeeping Riot Squad" and " Journey Through the Moon ", the production and co-distribution of "No Meal" "What Hot Pot Can't Solve" and co-produced "The Siege of Kowloon Walled City".
Many brokerages are optimistic about the May Day box office
Before May Day, many brokerages said they were generally optimistic about the performance of the period.
A research report released by Guotai Junan Securities mentioned that the May Day period is a long holiday period after the Spring Festival and National Day. Data shows that since 2018, theaters have been able to achieve an average daily box office of more than 300 million yuan in years of normal operation. According to data from Beacon Professional Edition, the year with the highest May Day box office for movies in history is 2021. The May Day holiday was extended to 5 days that year, and a total of 1.674 billion yuan (including service fees) was collected at the box office. The May Day period in 2023 also performed well, with a total box office of 1.521 billion yuan, and the box office champion film finally exceeded 1 billion yuan. The May Day schedule is suitable for the release of medium-sized films. Most of these films are expected to have a box office of 300 to 500 million yuan. However, with the help of the schedule, the total box office of some high-quality films is expected to exceed 1 billion yuan, thus bringing excess revenue to movie participants. income.
Wanlian Securities believes that the theater movie market will pick up across the board in 2024, and the overall supply of May Day movies will be sufficient. The themes range from comedy, crime, suspense, Japanese comics and other types to cover the audience group, and the box office performance is expected to be maintained.
Many film and television concept stocks have turned a profit
As the market picks up, the profitability of the film and television industry is gradually being restored. According to data from the National Film Administration, the national movie box office in 2023 will be 54.915 billion yuan, a significant increase from 30.067 billion yuan in 2022. The number of moviegoers throughout the year reached 1.299 billion, a year-on-year increase of 82.7%, setting a new high in the past four years.
Judging from the performance data of the 2023 annual report, Wanda Film has the highest net profit. In 2023, the company achieved operating income of 14.62 billion yuan, a year-on-year increase of 50.79%; realized a net profit of 912 million yuan, turning a loss into a profit year-on-year; net cash flow generated from operating activities was 4.423 billion yuan, a year-on-year increase of 270.40%. The company's market share in 2023 was 16.7%, ranking first in the industry for 15 consecutive years.
With the recovery of the film industry in 2023, the performance of listed companies has also ushered in a turning point. In addition to Wanda Film, eight stocks including Enlight Media, China Film, and CTV Media also achieved year-on-year losses.
According to wind data statistics, 13 of the 20 film and television companies will achieve profitability in the first quarter of 2024; companies such as Enlight Media, Tangde Film and Television, and China Television Media have experienced significant performance growth.
Judging from the performance in the first quarter of this year, Enlight Media, Wanda Film, Hengdian Film and Television, and Jebsen Holdings ranked first in single-quarter net profit, all exceeding 100 million yuan. Enlight Media, Wanda Film, and Hengdian Film and Television all achieved year-on-year gains in the first quarter of 2023 Performance growth.
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