Shares of MAOYAN ENT (01896) surged more than 7% during the trading session. At the time of writing, the stock is up 6.24% to HK$5.28, with a turnover of HK$65.167 million.
Market sentiment is buoyed by the strong performance of the domestic film market. As of July 14th, the total box office for July, including pre-sales, has robustly surpassed the RMB 1.5 billion mark. The cumulative box office for the entire summer season has also exceeded RMB 3 billion.
Leading the summer box office is the film "Kung Fu Women's Soccer," directed by Stephen Chow. According to data from the MAOYAN professional platform, the film's box office has already surpassed RMB 700 million, with its predicted total box office now revised upwards to RMB 3 billion.
Public information indicates that MAOYAN ENT is the primary controlling distributor for "Kung Fu Women's Soccer." The company plays a central role in the film's commercial distribution, directly benefiting from high distribution commissions and service fee revenue shares across all platforms.
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