本文源自：金融界AI电报 港股影视股午后震荡走强，大麦娱乐(01060.HK)涨超8%，丰德丽控股(00571.HK)涨超6%，柠萌影视 (09857.HK)、稻草熊娱乐(02125.HK)涨超5%，猫眼娱乐(01896.HK)涨近4%。 ...

《惊蛰无声》：大麦娱乐主投，中国电影、万达电影等参投。 《镖人：风起大漠》：大麦娱乐、登峰国际、华夏电影、中国电影等参投。 《熊猫计划之部落奇遇记》：猫眼娱乐主投，光线传媒、环鹰时代等参投。 《星河入梦》：中国电影、横店影业、上海电影、联瑞影业等出品， 港股电影概念持续活跃，大麦娱乐涨超8%，稻草熊娱乐、猫眼娱乐等跟涨。 消息面上，据千问APP消息，今天起，千问APP开始接入大麦。千问APP开启测试一句话买电影票，实 现从影片推荐、智能选座到支付出票的完整流程。 据中金公司研报梳理： 《飞驰人生3》：亭东影业、猫眼娱乐、大麦娱乐、万达电影、博纳影业等参投，猫眼娱乐主发。 ...

Group 1: Film Industry Insights - The Hong Kong film stocks have seen significant gains, with Fengde Li Holdings and Damai Entertainment rising over 6%, Ningmeng Film and Daocaoxiong Entertainment increasing over 5%, and Maoyan Entertainment up over 3% [1] - As of February 9, the pre-sale box office for new films during the 2026 Spring Festival has exceeded 70 million yuan, indicating strong market interest [1] - CICC's report estimates that the total box office for this year's Spring Festival could range between 6.5 billion yuan and 8.5 billion yuan, with the performance of leading films being crucial for the final box office outcome [1] Group 2: AI Video Technology Developments - ByteDance's AI video product, Seedance 2.0, has launched, generating highly realistic videos that exceed creators' expectations [2] - Seedance 2.0 can create cinematic-quality videos based on text or images, utilizing a dual-branch diffusion transformer architecture to generate both video and audio simultaneously [2] - Tim, a well-known tech blogger, praised Seedance 2.0 for its industry-level performance in generating precision, continuity of shots, and audio-visual synchronization, suggesting that traditional film processes are on the verge of being disrupted by AI advancements [2]

致：香港交易及結算所有限公司 公司名稱: 稻草熊娱乐集团（於開曼群島註冊成立的有限公司） 呈交日期: 2026年2月5日 I. 法定/註冊股本變動 | 1. 股份分類 | 普通股 | 股份類別 | 不適用 | | 於香港聯交所上市 (註1) | | 是 | | | --- | --- | --- | --- | --- | --- | --- | --- | --- | | 證券代號 (如上市) | 02125 | 說明 | | | | | | | | | | 法定/註冊股份數目 | | | 面值 | | 法定/註冊股本 | | | 上月底結存 | | | 2,000,000,000 | USD | 0.000025 | USD | | 50,000 | | 增加 / 減少 (-) | | | 0 | | | USD | | 0 | | 本月底結存 | | | 2,000,000,000 | USD | 0.000025 | USD | | 50,000 | 本月底法定/註冊股本總額： USD 50,000 股份發行人及根據《上市規則》第十九B章上市的香港預託證券發行人的證券變動月報表 截至月份: 2026年 ...

Group 1 - The "iQIYI (Nanjing) Creator Industrial Park" has been established in Nanjing Jiangbei New Area, aiming to serve as a micro-short drama industry base that integrates office space, various filming locations, and studios to meet the full process needs of film and television creation [1] - The park will leverage an integrated industry chain of "creation - shooting - production - distribution" to provide more filming space and opportunities for creators, focusing on shooting tourism-linked dramas that promote local cultural tourism [1] - The "Law Eye Theater" micro-drama cooperation plan has been launched, which will utilize real cases provided by the Legal Daily's film and television center as story blueprints, inviting high-quality scripts and production teams from the public to create meaningful micro-dramas [1] Group 2 - Jiangbei New Area has been actively developing the micro-short drama industry, currently hosting 104 short drama companies and having produced over 820 short dramas [2] - The upcoming Yangtze River Digital Audio-Visual Industrial Park, set to launch in autumn 2024, has signed contracts with 56 companies and is expected to produce over 480 short dramas, with a total estimated output value of 350 million yuan [2]

Group 1 - Nanjing has become a favored location for film and television productions due to its rich cultural heritage, beautiful scenery, and supportive government policies for micro-short films [1][2] - The "iQIYI (Nanjing) Creator Industrial Park" has been established in Nanjing's Jiangbei New Area, providing a comprehensive base for micro-short film production, including office space, filming locations, and studios [2] - The park aims to create an integrated industrial chain for creation, filming, production, and distribution, enhancing opportunities for creators and promoting tourism through linked content [2] Group 2 - The "Law Eye Theater" micro-drama cooperation plan was launched, focusing on creating high-quality micro-dramas based on real legal cases, emphasizing social relevance and emotional depth [3] - Jiangbei New Area is actively supporting the micro-short film industry, with 104 short drama companies and over 820 short dramas produced, indicating a trend towards mainstream and high-quality content [3] - The upcoming Yangtze River Digital Audio-Visual Industrial Park is expected to sign 56 companies and produce over 480 short dramas, with an estimated total output value of 350 million yuan [3]

1月23日，第十五届公益节暨2025ESG影响力年会在北京举办，作为中国公益与ESG领域的年度标杆盛 会，本届年会汇聚数百名来自政府、上市企业及公益组织的代表参会，现场正式揭晓2025在环境、社会 及公司治理领域的优秀实践企业及领袖人物。 中国剧集制片及发行商稻草熊娱乐集团(02125.HK，下称"稻草熊娱乐"或"公司")，凭借在ESG体系建 设、绿色工业化内容生产、公益行动等领域的突出实践成果与行业引领力连续三年受到评委会高度认 可，成功获评"2025 ESG上市公司典范奖"；公司执行董事兼首席运营官、ESG委员会成员翟芳女士凭借 在推动企业ESG战略制定与落地、积极参与公益行动等卓越表现，再次获评"2025 年度 ESG 先锋人物 奖"，成为影视内容行业积极践行ESG、履行企业社会责任的典范。 公开信息显示，稻草熊娱乐集团成立于2014年，是中国主要的电影、剧集、微短剧等分集类内容制片商 及发行商之一，公司以独创的稳定平台型运营模式、高效的大中台服务能力以及对头部行业资源的号召 力，形成了独具特色的内容开发生态链，2025年投资出品了《三叉戟2》、《乌云之上》、《在人 间》、《漂白》、《赴山海》、《双轨》 ...

Core Insights - The domestic leading film and television companies serve as a barometer for the entire industry, reflecting market dynamics through their project activities [1] Industry Trends - Long video content remains resilient despite competition from short videos and short dramas, as evidenced by the stable production frequency and project reserves of leading companies [2] - Content is increasingly distributed across multiple platforms, with collaborations among major companies and significant platforms like Douyin and Red Fruit for micro-short dramas [3] - A majority of traditional film and television companies, approximately 80%, have entered the short drama sector, establishing dedicated brands or subsidiaries for short dramas [3] - Companies are building comprehensive industry chains, with examples like Huace Film & TV expanding into film education and AI technology applications in production [3] Project Dynamics - Huace Group has several upcoming projects, including long dramas like "Guose Fanghua" and "Jinxiu Fanghua," and films such as "Assassination Novelist 2" scheduled for 2025 [5][9] - Zhengwu Sunshine will release dramas like "Cuihuo Niandai" and "Cherry Amber" in 2025, along with its first theatrical film "De Xian Jin Zhi" [13][14] - Lingmeng Film will present long dramas like "Shujuan Yimeng" and "Ziyue Gui" in 2025, and has international collaborations for "Thirty Only: Bangkok Edition" [16][20] - Newli Media plans to air several dramas in 2025, including "Saodu Fengbao" and "Yashe," along with the film "Qingsheng 3" [24][26] - Perfect World Film will showcase a variety of long dramas and micro-short dramas in 2025, including "Qian Duo Tao Hua Yi Shi Kai" and "Fuqi De Chun Jie" [30][32] - Huanyu Film will release dramas like "Wufu Linmen" and "Linjing Xian" in 2025, along with micro-short dramas [36][38] - Baiana Qiancheng will present multiple dramas and films in 2026, including "Xiao Cheng Da Shi" and "Xian Yu Fei Sheng" [42][44] - Xixi Film will air dramas like "Liu Zimei" and "Xiao Fang Chujia" in 2026 [46][48] - Yaoke Culture will release several dramas in 2026, including "Bing Hu Chong Sheng" and "Hua Kai Jin Xiu" [50][51] - Shengxi Huashi is focusing on original scripts and has established a subsidiary for short drama production, with projects like "Zhangxin" and "Yulan Huakai Jun Zai Lai" [54][57] - Daocaoxiong Entertainment will present a range of dramas in 2026, including "Liangjing Shiwur" and "Zai Qing Chun" [60][64] - Changxin Media is set to release various dramas in 2026, including "Wo De Shan Yu Hai" and "Yanyu Shen You Ji" [66][71]

Group 1 - The Hong Kong film stocks have generally risen, with Ningmeng Media leading with a nearly 5% increase, followed by Big High Group and Damai Entertainment with over 4%, and Maoyan Entertainment up by 3.6% [1] - The Chinese film market has started strong in 2026, with the annual box office surpassing 1 billion yuan within just 10 days, representing a growth of over 10% compared to the same period last year [1] - The box office success is attributed to a rich supply of creative content, with a variety of new films being released, including suspense, realistic themes, classic IPs, and family-friendly genres [1] Group 2 - The 1 billion yuan box office achievement is not due to a single blockbuster but rather multiple films performing well simultaneously [1] - The cinema experience has evolved beyond just film screening, often linking to a broader consumer chain, indicating a vibrant and potential-rich Chinese consumer market [1] - The strong start in the film industry serves as a clear signal of the accelerating momentum towards the future of the Chinese market in 2026 [1]

Group 1 - The Hong Kong film stocks have generally risen, with Ningmeng Media leading with an increase of nearly 5%, followed by Big High Group and Damai Entertainment rising over 4%, and Maoyan Entertainment up 3.6% [1] - The Chinese film market has started strong in 2026, with the annual box office surpassing 1 billion yuan within 10 days, representing a growth of over 10% compared to the same period last year [1] - The box office success is attributed to a rich supply of creative content, with a variety of new films being released, including suspense, realistic themes, classic IPs, and family-friendly genres [1] Group 2 - The 1 billion yuan box office is not driven by a single blockbuster but rather by multiple films performing well simultaneously [1] - The cinema experience has evolved beyond just a screening space, often linking to a broader consumption chain, indicating a vibrant consumer atmosphere [1] - The strong start of the box office in 2026 signals the dynamic vitality and immense potential of the Chinese consumer market, with the film industry leading the way [1]