Light Media 20CM Limit Down: Revenue from "Fast & Furious 3" is approximately 43 million to 53 million yuan

On the first trading day after the Spring Festival, Light Media’s stock hit the 20% limit down, with the latest disclosures regarding revenue from the films “Flying Past Life 3” and “Silent Zhi.”

On February 24, Beijing Light Media Co., Ltd. (Light Media, 300251.SZ) announced that, according to data from the National Film Special Fund Office, as of 24:00 on February 23, 2026, the total box office revenue (including service fees) for the film “Flying Past Life 3” involving the company’s subsidiaries was approximately 2.926 billion yuan, exceeding 50% of the company’s audited consolidated revenue for the most recent fiscal year. As of February 23, the company’s revenue from this film ranged from about 43 million to 53 million yuan (final settlement data may vary).

On the same day, Light Media announced that, according to data from the National Film Special Fund Office, as of 24:00 on February 23, 2026, the total box office revenue (including service fees) for the film “Silent Zhi” involving the company’s subsidiaries was approximately 866 million yuan, exceeding 50% of the company’s audited consolidated revenue for the most recent fiscal year. As of February 23, the company’s revenue from this film ranged from about 5.2 million to 6.6 million yuan (final settlement data may vary).

During the recently concluded “longest Spring Festival period in history” (February 15-23, 2026), “Flying Past Life 3” and “Silent Zhi” ranked first and second in box office, with “Flying Past Life 3” leading with over 2.9 billion yuan in box office, accounting for more than half of the total box office during the period.

Previously, Light Media responded to investor questions on its interactive platform, stating that films “Flying Past Life 3,” “Silent Zhi,” and “Panda Plan: Tribal Adventure” are scheduled to be released on the first day of the Lunar New Year 2026 (February 17); the film “Return to the Wolf Pack” is scheduled for re-release on the third day of the Lunar New Year (February 19). The specific investment amounts and proportions are confidential.

Notably, during the 2025 Spring Festival, Light Media successfully invested in the blockbuster “Nezha: The Devil’s Child Comes to the Sea” (“Nezha 2”). As the main investor, the company’s stock price hit the daily limit up on the first trading day after the Spring Festival, with a cumulative increase of over 260% over eight trading days. Additionally, driven by the box office success and IP operation revenue of “Nezha 2,” Light Media’s net profit last year was expected to increase more than fourfold.

According to the earnings forecast disclosed by Light Media on January 29, 2025, the company expects to achieve a net profit attributable to shareholders of 1.5 to 1.9 billion yuan for 2025, representing a year-on-year increase of 413.67% to 550.65%; after excluding non-recurring gains and losses, net profit is expected to be 1.424 to 1.824 billion yuan, up 483.25% to 647.09%.

On the first trading day after the Spring Festival this year (February 24), the market saw a sharp decline in film and television stocks, with Light Media, Bona Film Group, Hengdian Film & TV, and several other stocks hitting the limit down.

According to the National Film Bureau, as of 9:00 on February 24, 2026, the total box office for the Spring Festival period was 5.752 billion yuan, with an average ticket price down 6% year-on-year, and total viewers reaching 120 million. The box office for films released during the period included: “Flying Past Life 3” with 2.927 billion yuan, “Silent Zhi” with 868 million yuan, “Dartman: The Wind Rises in the Desert” with 806 million yuan, “Bears: Year of the Bears” with 714 million yuan, “Panda Plan: Tribal Adventure” with 193 million yuan, “Galaxy Dreams” with 80.56 million yuan, and “Night King” with 72.45 million yuan. The total box office for 2026 is 8.335 billion yuan, with 187 million viewers.

Besides Light Media, on February 24, Happy Blue Ocean (300528.SZ) and Huazhi Digital Media (300426.SZ) also disclosed their participation in Spring Festival film box office revenues.

Happy Blue Ocean announced that, according to data from the National Film Special Fund Office, as of 24:00 on February 23, 2026, the box office revenue (including service fees) for “Flying Past Life 3” and “Bears: Year of the Bears,” in which the company participated as a producer, was approximately 2.926 billion yuan and 713 million yuan, respectively, exceeding 50% of the company’s latest audited annual consolidated revenue. According to the company’s accounting policies, revenue is recognized after recovering the investment costs of the projects. As of February 23, the company’s revenue from these two films totaled about 790,000 to 1.02 million yuan (final settlement data may vary).

Huazhi Digital Media disclosed that, based on data from the China Movie Data Information Network, as of 17:00 on February 24, 2026, the total box office revenue (including service fees) for the film “Silent Zhi” involving the company was approximately 901 million yuan, exceeding 50% of the company’s latest audited consolidated revenue for the previous fiscal year. According to the company’s accounting policies, revenue will be recognized after recovering the investment costs of the project. As of February 23, this film had no impact on the company’s revenue.