《瘋狂動物城2》票房有望超預期，疊加春節檔定檔催化【浙商傳媒馮翠婷】

尋找漲婷

2025/12/01

首席分析師：馮翠婷（S1230525010001）來源：浙商證券傳媒互聯網研究團隊具體參見2025年12月1日報告《<瘋狂動物城2>票房有望超預期，疊加春節檔定檔催化》，如需報告全文或數據底稿，請聯繫團隊成員或對口銷售。報告導讀《瘋狂動物城2》周末票房表現超預期，弱檔期強排片。截至2025年12月1日凌晨，《瘋狂動物城2》上映5日累計票房超19.4億，預測總票房達42.5億。其中，根據貓眼專業版...

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Cuiting]","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"01060":0.9,"01981":1.5,"09992":0.9},"content_text":"首席分析師：馮翠婷（S1230525010001）來源：浙商證券傳媒互聯網研究團隊具體參見2025年12月1日報告《<瘋狂動物城2>票房有望超預期，疊加春節檔定檔催化》，如需報告全文或數據底稿，請聯繫團隊成員或對口銷售。報告導讀《瘋狂動物城2》周末票房表現超預期，弱檔期強排片。截至2025年12月1日凌晨，《瘋狂動物城2》上映5日累計票房超19.4億，預測總票房達42.5億。其中，根據貓眼專業版數據，我們對11月29日周六進行單日分析，《瘋狂動物城2》上映第四日（首周末第一日）票房達到7.3億元，與《哪吒之魔童鬧海》上映第4日的票房持平，遠超《瘋狂動物城》第一部；排片方面，由於弱檔期同期競品較弱，《瘋狂動物城2》排片佔比高達76.8%，遠高於《哪吒之魔童鬧海》的38.2%（春節檔強檔期），也大幅領先於《瘋狂動物城》第一部同期的18.9%；上座率方面，《瘋狂動物城2》上座率為38.6%，低於《哪吒之魔童鬧海》53.6%，但高於《瘋狂動物城》第一部的19.2%；平均票價，《瘋狂動物城2》為39.3元，低於《哪吒之魔童鬧海》的51.4元，弱檔期未出現明顯溢價現象。利好影視發行、院線、IP衍生品及聯名合作品牌。主發行方中國電影及華夏電影（上海電影為華夏電影核心股東，持股比例11%）。院線影投萬達電影、橫店影視、上海電影等。IP衍生品泡泡瑪特（系列盲盒）、名創優品（系列盲盒）、實豐文化、姚記科技（關聯公司閃魂）等。優質片單加持，元旦春節檔票房有望迎來開門紅。截至目前，2026年元旦檔已確認上映《無名之輩：意義非凡》、《匿殺》、《用武之地》三部影片；同時《轉念花開》、《飛馳人生3》、《少林女足》、《神探之痕跡》、《鏢人：風起大漠》、《熊出沒·年年有熊》等多部市場關注度高、具備票房潛力的影片有望加入春節檔期。建議關注明年元旦檔、春節檔對應業績彈性較大的萬達電影、博納影業、大麥娛樂、中國電影等。風險提示：票房持續性表現不及預期、春節檔電影定檔或表現不及預期、電影投資收益不確定性風險等。固定佈局工具條上設定固定寬高背景可以設定被包含可以完美對齊背景圖和文字以及製作自己的模板投資要點正文投資要點正文固定佈局工具條上設定固定寬高背景可以設定被包含可以完美對齊背景圖和文字以及製作自己的模板往期報告回顧年度策略 | AI為海，價值為帆——傳媒互聯網教育行業2026年度策略報告【浙商傳媒互聯網教育團隊】持倉分析 | 傳媒：25Q3重倉股配置比例持續上升，騰訊、快手、巨人、華通等加倉明顯【浙商傳媒互聯網馮翠婷團隊】固定佈局工具條上設定固定寬高背景可以設定被包含可以完美對齊背景圖和文字以及製作自己的模板","kind":"news","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"0","news_tag":"","news_rank":0,"symbols":[],"gpt_button":1,"need_auth":false,"code":"91000000","status":"200"}}}