China Film (600977) Limit-Up Analysis: Market Sentiment Driven by Record-Breaking Box Office of Zootopia 2

China Film (600977) hit the limit-up on December 1, 2025, mainly driven by the record-breaking performance of Disney’s Zootopia 2 in the Chinese market [0][3]. Released on November 26, the film grossed 240 million yuan on its first day, setting the highest single-day box office record for imported animated films [0][3]. The cumulative global box office reached 556 million USD, of which China contributed 272 million USD, making it the second-highest premiere box office for foreign films in China [0][5]. Pre-sale box office reached 333 million yuan, setting a pre-sale record for animated films in China [0]. The film received high ratings of 9.7 on Maoyan and Taopiaopiao platforms, and 8.7 on Douban [0], showing strong audience recognition. As a leading enterprise in China’s film and television industry, China Film covers the entire industrial chain of production, distribution, and screening [0], so its stock price has attracted great attention from the market, rising by 10.01% recently [0][1].

1. Cross-domain Linkage
   : The explosive growth of film box office is directly translated into the stock price increase of related listed companies, reflecting the close connection between the cultural and entertainment industry and the capital market [0].
2. Trend Reversal
   : The performance of Zootopia 2 has broken the downturn trend of Hollywood films in the Chinese market in recent years, becoming the holder of the largest premiere day and single-day box office records for American animated films in China [5].
3. Brand Effect
   : As a leading enterprise in the industry, China Film’s distribution capability and market position enable it to fully benefit from the success of high-grossing films [0][2].

• Short-term Volatility Risk
  : The stock price increase may be affected by the film’s release schedule; if there is no support from films of the same scale later, there may be a short-term correction [0].
• Market Competition Risk
  : There will be multiple domestic and foreign blockbusters released in the coming months, which may divert audience attention and affect the film’s sustained box office performance [0].

• Imported Film Cooperation
  : The success of this film may bring more high-quality imported film distribution opportunities to China Film, enhancing its competitiveness in the distribution field [0].
• Industrial Chain Expansion
  : The company can use this popularity to further expand businesses such as film and television production and derivative development, improving overall profitability [0].

The limit-up of China Film (600977) reflects the extraordinary success of Zootopia 2 in the Chinese market, which has set multiple box office records and received high audience ratings. As an industry leader, the company has fully benefited from the distribution of this film, but needs to pay attention to short-term market fluctuations and subsequent competitive pressure. Investors should pay attention to the film’s sustained box office performance and the company’s future business dynamics to fully evaluate its long-term value [0][1][2].