(Shanghai, 12th) The box office record set by the Chinese animated film "Nezha: The Devil Child" (Nezha 2) continues to bring good luck to the company producing and distributing the film in the stock market.
Beijing Enlight Media $Beijing Enlight Media (300251.SZ)$The stock once hit the 20% daily limit up on Wednesday, pushing its total increase since the stock market reopened after the Spring Festival holiday to over 140%. During this period, Beijing Enlight Media's Market Cap has increased by nearly 40 billion RMB (approximately 24.5 billion Ringgit).
Official media Xinhua News Agency cited data from the ticketing website MAOYAN, stating that the sequel to this blockbuster made and distributed in China has already grossed over 9.18 billion RMB (approximately 5.611 billion Ringgit) since its premiere, ranking among the top 25 highest-grossing films in global box office history.
Capital analyst He Lichao (transliteration) wrote in a report that the box office revenue of Nezha 2 'greatly exceeded expectations' and will boost Beijing Enlight Media's first-quarter profits.
The analyst also mentioned that the animation film industry will rapidly benefit from the development of AI in the next two years.
The enthusiasm sparked by this thriving market has also extended to a broader industry. Online ticketing platform MAOYAN ENT surged 22% in the Hong Kong market on Wednesday, ALI PICTURES rose by 13%, and Hengdian Entertainment hit the 10% limit up in the Shanghai market.
Source: Nanyang Siang Pau
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