2026年农历新年后的前两个交易日，A股市场迎来期待已久的放量普涨，三大指数气势如虹，但节前被 寄予厚望的影视板块却连续两日深度回调。 资本市场的冷暖分化，折射的或许并非简单的情绪波动，而是一次围绕春节档票房预期的修正。 反差强烈 2月24日至25日，A股整体情绪显著回暖。24日，上证指数上涨0.87%，深证成指上涨1.36%，创业板指 上涨0.99%，A股全天成交2.22万亿元。25日，三大指数继续全线飘红。截至收盘，沪指涨0.72%，深成 指涨1.29%，创业板指涨1.41%。全市场近3800股上涨，成交额2.46万亿元，较上一个交易日放量2605亿 元。磷化工、稀土永磁、油气航运等板块强势拉升，科技主线亦有资金回流迹象，场内呈现典型的结构 性繁荣。连续两个交易日全市场有超百股涨停。 然而，影视板块却走出了相反的轨迹。 2月24日，影视板块开盘即承压下行。以中证影视主题指数为代表的相关指数单日大幅回落，多只影视 股跌停。截至当天收盘，中证影视主题指数（930781）下跌6.73%，光线传媒（300251） （300251.SZ）、中国电影（600977）（600977.SH）、上海电影（601595）（6 ...

【没了爆款影视股就崩盘？#春节档电影是谁在拖后腿#】#春节档给影视股上了一课#今年春节档总场次 创下历史新高，观影人次却比去年少了6700万。马年A股开门红的热闹，半点没轮到影视股。如果说今 年缺个《哪吒2》那样的超级爆款，可能只对了一半。今年整个档期里，只有《飞驰人生3》凭着29亿票 房撑住场面，其余几部片子要么不及预期，要么直接沦为票房黑洞。节后首个交易日，影视ETF大跌超 7%，博纳影业、横店影视等多只影视股同步跌停，光线传媒更是直接20cm跌停。昨天盘后，光线传媒 连忙发公告说《惊蛰无声》分了500多万营收，言下之意就是在说这片子跟我关系不大；接着又晒出春 节档冠军《飞驰人生3》分了5000万左右票房的成绩单，试图证明"我也押中了宝。"博纳那边也急着澄 清，说春节档只投了《飞驰人生3》这一部爆款，可跌停板照样没躲过去。今天截至午间收盘，横店影 视、博纳影业再度触及跌停，中影续跌超8%，光线传媒跌幅也仍旧超过5%。当观众不再为阵容买单， 口碑才是唯一的通行证。@搜狐财经#春节消费节节高# 转自：贝壳财经 ...

马年春节后的首个A股交易日，影视板块迎来一记"冷水"。 光线传媒、博纳影业、中国电影、横店影视等多只核心标的集体跌停开盘，港股猫眼娱乐同步跌超8%，与去年同期的高光行情形成鲜明反差。 一年前的春节档，影视股还是资本市场的香饽饽。2025年，《哪吒之魔童闹海》（简称《哪吒2》）以一己之力点燃整个春节档，154.46亿元票房一骑绝 尘，也让核心出品方光线传媒成了最大赢家，节后9个交易日股价累计涨幅超300%，一举带火整个影视板块，成为去年春节档最亮眼的资本记忆，也让市 场对2026年春节档复刻高光充满期待。 今年，这份期待本来拥有更足的底气——腊月二十八开启的春节档，为史上跨度最长的一届，9天档期时长本以为能酝酿出更亮眼的票房成绩。国家电影 局数据显示，截至2月24日9时，本届春节档总票房达57.52亿元，观影人次1.2亿。 但大盘数据背后，却藏着一丝"温吞"。与去年《哪吒2》一家独大的盛况不同，今年春节档始终未跑出一部现象级影片，即便冠军《飞驰人生3》拿下29.3 亿元票房，但整体没有出现票房断层的爆款。资本市场的反馈也与之呼应，没有一家出品发行方凭借档期独领风骚。 这届史上最长春节档，终究没能诞生出绝对赢家。 ...

博纳影业发布股票交易异常波动公告，公司近期经营情况正常，内外部经营环境未发生重大变化；经核 查，公司、公司控股股东、实际控制人不存在关于公司的应披露而未披露的重大事项，或处于筹划阶段 的重大事项。 ...

证券代码：001330 证券简称：博纳影业 公告编号：2026-010 号 博纳影业集团股份有限公司 股票交易异常波动公告 本公司及董事会全体成员保证信息披露的内容真实、准确、完整，没有虚假记 载、误导性陈述或重大遗漏。 一、股票交易异常波动的情况说明 博纳影业集团股份有限公司（以下简称"公司"或"本公司"）（证券简称：博纳 影业，证券代码：001330）的股票交易价格连续 2 个交易日内（2026 年 2 月 24 日、2026 年 2 月 25 日）收盘价格跌幅偏离值累计超过 20%。根据《深圳证券交易所交易规则》 的相关规定，属于股票交易异常波动情况。 二、公司关注、核实情况说明 针对公司股票交易异常波动情况，公司董事会就有关事项通过书面询证方式向公司 控股股东、实际控制人进行了核查，现就相关情况说明如下： 1.公司前期所披露的信息，不存在需要更正、补充之处； 本公司董事会确认，本公司目前没有任何根据《深圳证券交易所股票上市规则》等 有关规定应予以披露而未披露的事项或与该事项有关的筹划、商谈、意向、协议等；董 事会也未获悉本公司有根据《深圳证券交易所股票上市规则》等有关规定应予以披露而 未披露的、对公司 ...

编辑|段炼 杜恒峰 校对|何小桃 | | 影视传媒 | | | | | --- | --- | --- | --- | --- | | | 901.75,-0.65% | | | | | 新闻 大V | 成分 资金 | | | | | 博纳影业 | | 10.34 | -10.01% | 0.00% | | SZ001330 | | | | | | 横店影视 | | | | | | SH603103 | | 28.27 | -10.00% | 0.00% | | 市值龙头10 | | | | | | 中国电影 | | | | | | SH600977 | | 15.32 | -8.26% | +0.39% | | 市值龙头5 | | | | | | 果麦文化 | | 43.05 | -6.62% | -0.02% | | 创 SZ301052 | | | | | | 光线传媒 | | | | | | 创 SZ300251 | | 20.62 | -5.33% | +0.29% | | 业绩龙头1 市值龙头 1 | | | | | 2月25日，A股三大指数全线飘红。截至收盘沪指涨0.72%，深成指涨1.29%， ...

Core Viewpoint - The article discusses the upward trend in the stock market driven by cyclical price increases and the spread of AI, suggesting a potential for market fluctuations to rise ahead of the Two Sessions [1]. Market Performance - The three major stock indices collectively rose, with the Shanghai Composite Index closing at 4147.23 points, up 0.72%, the Shenzhen Component at 14475.87 points, up 1.29%, and the ChiNext Index at 3354.82 points, up 1.41% [3][13]. - Over 3700 stocks increased in value, indicating a predominance of gains in the market [3][13]. Sector Highlights - **Rare Earth Permanent Magnet Sector**: Stocks such as Baotou Steel and China Aluminum International saw significant gains, with prices for various rare earth products increasing post-holiday. For instance, the average price of praseodymium and neodymium oxide rose by 4.16 million yuan/ton [5][14]. - **Real Estate Sector**: Companies like I Love My Home and Hualian Holdings experienced stock price surges, supported by promotional activities from nearly 50 real estate firms in Guangzhou, offering over 140 properties with discounts [6][15]. Consumer Trends - **Restaurant Industry**: Goldman Sachs forecasts a 4.2% year-on-year growth in mainland China's restaurant sales, up from 3.2% last year. The report notes a stabilization in consumer demand and price increases due to rising operational and raw material costs [9][18]. - **Takeout Orders**: The increase in takeout orders is expected to impact profitability negatively, but ongoing high levels of subsidies and product variety expansion are anticipated to support same-store sales growth [9][18]. Institutional Insights - Zhongyuan Securities indicates that the inflow of funds into the market is expected to provide a solid foundation for upward market movements, with a likely scenario of wide fluctuations and structural differentiation in indices [10][19]. - Dongguan Securities highlights a general rise in global assets during the Spring Festival, with AI and resource products becoming market focal points, suggesting a high probability of index increases post-holiday [10][19].

每经记者｜杜宇 每经编辑｜许绍航 记者|杜宇 编辑|许绍航 杜波 校对|金冥羽 下跌方面，影视院线概念再度下挫，横店影视2连跌停。 封面图片|视觉中国（图文无关） 2月25日早盘，市场震荡拉升，三大指数均涨超1%：截至收盘，沪指涨1.2%，深成指涨1.47%，创业板指涨1.43%；科创综指涨0.77%，全市场近4000只个 股上涨。 从板块来看，受涨价催化影响，稀土、磷化工、航运、油气等涨价题材股表现强势；影视院线概念集体大跌。 锂矿概念快速拉升，大中矿业涨停。消息面上，广期所碳酸锂主力合约日内一度触及17万元/吨。 磷化工板块延续强势，澄星股份、六国化工、和邦生物2连板。消息面上，美国宣布将元素磷及草甘膦等关键除草剂纳入国防关键物资。此前2025年11 月，美国内政部及USGS已新将磷酸盐纳入关键矿产清单。此举导致全球磷供应链重构，国际磷肥价格突破700美元/吨。 稀土永磁概念表现活跃，北方稀土、包钢股份涨停。消息面上，重稀土价格显著上涨。钇欧价翻至850美元/公斤，镝达1100美元/公斤，供应忧虑持续， 创2015年以来最高水平。 | 横店影视 | 28.27 -10.00% | -3.14 | | -- ...

Core Viewpoint - The film industry is experiencing significant declines in stock prices and box office revenues, indicating a challenging market environment for film companies [1][14]. Group 1: Stock Market Performance - The film sector has seen a "limit down" trend, with stocks like Hengdian Film and Television dropping by 10%, Bona Film down by 9.75%, and China Film down by 7.9% [1][2]. - Other companies such as Light Media and Huace Film also experienced declines, with drops of over 4% and smaller declines for others [1][2]. Group 2: Box Office Performance - The total box office for the 2026 Spring Festival was only 5.752 billion yuan, a staggering 39.7% drop compared to 2025's 9.510 billion yuan [2][3]. - The number of moviegoers decreased by 36.2% to 120 million, with an average ticket price of 48.37 yuan, down 5.3% year-on-year [2]. Group 3: Film Releases and Performance - "Flying Life 3" led the box office with 2.927 billion yuan, accounting for 50.9% of the total Spring Festival box office [8]. - Other notable films included "Silent Awakening" with 868 million yuan and "Biao Ren: Wind Rises in the Desert" with 806 million yuan [6][8]. - The lack of blockbuster films this year, unlike previous years, has been cited as a reason for the poor box office performance [11]. Group 4: Industry Challenges - Analysts attribute the disappointing Spring Festival performance to the absence of hit films and the increasing competition from short video platforms [11][12]. - The film industry is facing a growing trend of fragmented entertainment options, which is impacting traditional cinema attendance [12]. Group 5: Company Earnings Forecasts - Light Media expects a net profit of 1.5 to 1.9 billion yuan for the year, a significant increase of 414% to 551% year-on-year [17]. - Other companies like Wanda Film and Hengdian Film are also projecting profits, while Huayi Brothers and Beijing Culture are expected to continue incurring losses [17].

| 代码 | 名称 | 两日图 | 现价 | 涨跌 | 涨跌幅 | | --- | --- | --- | --- | --- | --- | | 000001 | 上证指数 | 5 | 4139.49 | 22.08 | 0.54% | | 399001 | 深证成指 | 1 | 14361.70 | 70.14 | 0.49% | | 399006 | 创业板指 | VW | 3309.77 | 1.51 | 0.05% | | 000300 | 沪深300 | VW | 4725.91 | 18.36 | 0.39% | | 000016 | FJESO | m | 3054.78 | 13.46 | 0.44% | | 000680 | 科创综指 | W | 1791.83 | -6.38 | -0.35% | | 000688 | 科创20 | | 1457.04 | -8.32 | -0.57% | | 899050 | - REFF 0 | | 1531.61 | -3.83 | -0.25% | | 868008 | 万得微盘股指数 ~~ | | 631109.18 | 5154.25 | 0 ...