Spring Festival box office exceeds 4 billion! One film takes in 2.1 billion, and these A-share companies are about to make a fortune.

In just five days of screening, the longest Spring Festival box office in history has directly surpassed 4 billion yuan, with total viewership exceeding 42 million. Even more astonishing is that eight films competed simultaneously, with “Flying Life 3” alone grossing 2.1 billion yuan, firmly dominating half of the release schedule. It not only made audiences laugh and cry, filled with passion, but also allowed a number of A-share listed companies behind the scenes to profit immensely from this Spring Festival boom.

For ordinary people like us, watching movies during the Spring Festival has long become a new tradition—families going to the cinema for lively and joyful entertainment. For stock traders, the box office battle during this period directly influences the post-holiday performance of entertainment stocks. Which companies will benefit from this wave of red, and which films will become dark horses—every detail impacts your account’s gains and losses.

Let’s first look at the most straightforward box office situation. This year’s Spring Festival break has thoroughly broken the pattern of “one dominant film with many strong contenders,” with a more pronounced head effect than in previous years.

As of the afternoon of February 21, the total box office for the 2026 Spring Festival has exceeded 4.041 billion yuan, marking an impressive start. On the top of the list, “Flying Life 3,” directed by Han Han and starring Shen Teng, has taken the lead with a box office of 2.1 billion yuan, maintaining a clear gap. Its Maoyan score is 9.6, and Douban rating is 7.5. Both box office and reputation firmly place it at the top of the schedule. Maoyan’s professional version even predicts a final box office of 4.275 billion yuan, making it the biggest winner of this Spring Festival.

In second place is the spy war film “Jingzhe Wusheng,” directed by Zhang Yimou, with a box office of 650 million yuan. Its Maoyan score is 9.5. With Zhang Yimou’s expertise and starring line-up including Yi Yangqianxi and Zhu Yilong, it has attracted fans of spy genres. The national animation IP “Boonie Bears: Year After Year” ranks third with 500 million yuan, a regular guest during Spring Festival, and a favorite among family audiences. Its box office has been steady over five days, continuing to perform reliably.

In addition, films like Wu Jing and Nicholas Tse’s martial arts movie “Biao Ren: Wind Rising in the Desert,” Jackie Chan and Ma Li’s comedy “Panda Plan: Tribal Adventure,” and Wang Hedi and Song Qian’s sci-fi film “Galaxy Dreams” each have their own audiences and have achieved respective box office results. This year’s Spring Festival features eight new films, the highest number in nearly five years. The coverage of comedy, spy, animation, martial arts, and sci-fi genres ensures that whether for family outings or young friends’ gatherings, there’s a suitable film for everyone. This diversity is a key reason why box office revenue continues to rise.

Many may ask, with so many films during the Spring Festival, why did “Flying Life 3” manage to lead so decisively?

Ultimately, it’s because it hit the exact key to the Spring Festival movie market. First, Shen Teng’s star power naturally attracts audiences during this period, and Han Han’s “Flying Life” IP already has a large fan base from the previous two films. The line “I’ve tried countless times, I know opportunities only come once or twice” has inspired countless ordinary viewers, and the emotional connection to the IP is strong.

More importantly, the film perfectly balances comedy and passion. The first half is packed with humor, suitable for family viewing, while the second half features over an hour of high-energy racing scenes, vividly capturing the tension and excitement of rally racing. It satisfies both family entertainment needs and appeals to young audiences who love racing and adrenaline stories, making it suitable for all ages. As a result, its box office has soared.

Beyond box office figures, investors are more concerned about which A-share listed companies will benefit most from this Spring Festival boom.

According to incomplete statistics, the top films this year have involved nearly all leading domestic film industry listed companies. Companies like Enlight Media, China Film, Hengdian Film, Wanda Film, Bona Film, and Shanghai Film have all participated, almost dominating half of the film sector. Here’s a clear breakdown:

The box office champion “Flying Life 3” was produced by a star-studded lineup including Enlight Media, China Film, Hengdian Film, Bona Film, Wanda Film, Happy Blue Ocean, and Jinyi Media, nearly capturing half of the film industry’s share and being the biggest winner of this Spring Festival.

The second-place “Jingzhe Wusheng” was produced by China Film, Enlight Media, Shanghai Film, and Wanda Film—four industry giants working together to ensure high-quality production and distribution.

The top family film “Boonie Bears: Year After Year” was produced by IP owner Huayang Fangte, along with China Film, Hengdian Film, Wanda Film, and Perfect World, all regulars and steady winners during the festival.

Additionally, films like “Biao Ren: Wind Rising in the Desert” and “Galaxy Dreams” also involve China Film, Hengdian Film, Shanghai Film, and other leading companies. It’s clear that China Film, Wanda Film, Hengdian Film, and Enlight Media have almost all the top films covered this Spring Festival. No matter which film becomes a hit, these companies stand to benefit, making them the biggest winners.

Besides the strength of the films themselves, the sustained box office growth this year also benefits from supportive policies across various regions. To boost movie-going, many places have issued cinema subsidy packages. For example, Hebei Province has launched a comprehensive film subsidy campaign for 2026, expected to benefit over 1.5 million viewers throughout the year. All popular films during this Spring Festival are eligible for subsidies, offering tangible discounts that encourage more audiences to visit theaters.

With the Spring Festival just past its halfway point, there’s still significant room for box office growth, and the final box office of top films is likely to rise further. For investors, the box office performance during this period will directly influence the opening trends of the entertainment sector after the holiday. Companies that can leverage impressive box office results to boost earnings will stand out, while some may only be riding the wave—so careful analysis is essential.

Finally, it’s important to remember that the film industry always carries the risk of “underperforming expectations.” Word-of-mouth and final box office results will impact the stock prices of listed companies. Do not blindly chase high prices; always consider the company’s fundamentals and actual box office performance for rational judgment and cautious investment.

【Risk Reminder: The stock market has risks, and investments should be cautious! This article is for experience sharing only and does not constitute investment advice. Investors operate at their own risk!】