Welcome to Dragon Restaurant box office tops 289 million yuan, film and TV stocks rally

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Summary · why it matters

Directed by Wen Muye and starring Shen Teng, Welcome to Dragon Restaurant has quickly become a phenomenon film of the summer season since its release on August 11. As of 3:44 pm on August 12, cumulative box office surpassed 289 million yuan, with real-time box office of 43.26 million yuan ranking first on the daily chart. Beacon Professional Edition's AI forecast raised the film's final box office from 2 billion yuan to 3.214 billion yuan. Based on this estimate, the production side could receive a share of about 1.267 billion yuan. The film boosted activity in the film and television sector. Ruyi Film hit the daily limit for the third time in three days, Beijing Culture hit the daily limit for the third consecutive day, and China Film, Jinyi Film, Happy Blue Ocean, and Enlight Media followed higher. In Hong Kong, Damai Entertainment rose nearly 4 percent, with Morgan Stanley estimating a 70 to 80 percent probability that its share price will rise over the next 15 days. Beijing Culture announced that as a co-producer its investment ratio is relatively low and is not expected to have a significant impact on performance, while major producers such as Ruyi Film and China Film are expected to receive a higher proportion of investment returns.

Impact on assets 7

Artificial Intelligence▲
Others▲
China Film Co Ltd
600977
▲ PositiveDemandrelevance

As a major producer, expected to receive higher investment returns from the film's box office success.

Beijing Enlight Media
300251
▲ PositiveDemandrelevance

Enlight Media followed higher in the sector rally, benefiting from the film's success.