China Film Co Ltd

Xingfu Lanhai announced a "10th listing anniversary shareholder appreciation event," offering free electronic movie vouchers to shareholders holding 500 shares or more, becoming the latest listed film company this year to introduce shareholder movie benefits, following China Film, Ruyi Film, and Bona Film. According to the announcement, shareholders with 500 to 10,000 shares can receive three vouchers, those with 10,000 to 100,000 shares can receive six, and those with over 100,000 shares can receive ten, with vouchers valid until November 30, 2026. Previously, China Film, Ruyi Film, and Bona Film also rolled out similar reward programs. Industry insiders view this as both an "alternative dividend" and a way to boost cinema consumption. Boosted by the official release of the highly anticipated film Welcome to Dragon Restaurant tomorrow, the A-share film and cinema sector surged across the board today. Beijing Culture hit its daily limit up at the open, Ruyi Film rose by the daily limit in the afternoon, and Xingfu Lanhai gained over 6%. The film's total box office from previews and pre-sales has already exceeded 169 million yuan, and the total box office for the 2026 summer season has surpassed 8.7 billion yuan, exceeding the same period last year.

On July 16, the film and cinema sector saw renewed activity, with Ruyi Films hitting the daily limit up for a second straight session, Huanrui Century surging by the daily limit, and Enlight Media, Beijing Culture, and Hengdian Entertainment rising in sympathy. On the news front, China's total box office for 2026, including presales, has exceeded 19 billion yuan, with the summer season box office, including presales, topping 3.3 billion yuan. Stephen Chow's Kung Fu Women's Soccer, released on July 11, quickly boosted market enthusiasm, with over 226,000 screenings on its opening day, setting a new record for the highest number of opening-day screenings for a summer release in Chinese film history. China Film stated it did not invest in the film, retaining only a producer credit and serving as a co-distributor, with related revenue expected to be minimal. Ruyi Films and Enlight Media also confirmed they did not participate in the investment. A research note from Tianfeng Securities noted that the summer season rally has officially begun, with Maoyan raising its forecast for total mainland box office to over 2.5 billion yuan. A report from Wanlian Securities argued that the summer box office has ample elasticity, and production and distribution companies holding top films will benefit directly.