Beijing Jingxi Culture&Tourism Co Ltd

Beijing Culture has fully funded the establishment of Beiwen Yuanqi (Beijing) Digital Technology Co., Ltd. According to Qichacha APP, the company was recently incorporated, with a business scope including online cultural operations, production and operation of radio and television programs, commercial performances, and performance brokerage. Qichacha equity penetration shows that the company is wholly owned by Beijing Culture.

Xingfu Lanhai announced a "10th listing anniversary shareholder appreciation event," offering free electronic movie vouchers to shareholders holding 500 shares or more, becoming the latest listed film company this year to introduce shareholder movie benefits, following China Film, Ruyi Film, and Bona Film. According to the announcement, shareholders with 500 to 10,000 shares can receive three vouchers, those with 10,000 to 100,000 shares can receive six, and those with over 100,000 shares can receive ten, with vouchers valid until November 30, 2026. Previously, China Film, Ruyi Film, and Bona Film also rolled out similar reward programs. Industry insiders view this as both an "alternative dividend" and a way to boost cinema consumption. Boosted by the official release of the highly anticipated film Welcome to Dragon Restaurant tomorrow, the A-share film and cinema sector surged across the board today. Beijing Culture hit its daily limit up at the open, Ruyi Film rose by the daily limit in the afternoon, and Xingfu Lanhai gained over 6%. The film's total box office from previews and pre-sales has already exceeded 169 million yuan, and the total box office for the 2026 summer season has surpassed 8.7 billion yuan, exceeding the same period last year.

On July 16, the film and cinema sector saw renewed activity, with Ruyi Films hitting the daily limit up for a second straight session, Huanrui Century surging by the daily limit, and Enlight Media, Beijing Culture, and Hengdian Entertainment rising in sympathy. On the news front, China's total box office for 2026, including presales, has exceeded 19 billion yuan, with the summer season box office, including presales, topping 3.3 billion yuan. Stephen Chow's Kung Fu Women's Soccer, released on July 11, quickly boosted market enthusiasm, with over 226,000 screenings on its opening day, setting a new record for the highest number of opening-day screenings for a summer release in Chinese film history. China Film stated it did not invest in the film, retaining only a producer credit and serving as a co-distributor, with related revenue expected to be minimal. Ruyi Films and Enlight Media also confirmed they did not participate in the investment. A research note from Tianfeng Securities noted that the summer season rally has officially begun, with Maoyan raising its forecast for total mainland box office to over 2.5 billion yuan. A report from Wanlian Securities argued that the summer box office has ample elasticity, and production and distribution companies holding top films will benefit directly.

Beijing Jingxi Culture and Tourism Company has issued a performance forecast, expecting a net loss attributable to shareholders of the listed company of 33 million to 45 million yuan for the first half of 2026, compared with a loss of 232.6338 million yuan in the same period last year, a significant year-on-year narrowing. Net loss after deducting non-recurring items is expected to be 35 million to 47 million yuan, versus a loss of 243.9343 million yuan a year earlier. Basic loss per share is estimated at 0.0461 to 0.0629 yuan. The company said the loss reduction was mainly due to the large loss in the prior-year period caused by disappointing box office performance of films released, and it will integrate resources and deepen its core business to improve profitability.