Movie concept stocks generally rose in early trading. As of press time, Maoyan Entertainment (01896) rose 9.76% to HK$7.2; IMAX China (01970) rose 6.02% to HK$5.46; Alibaba Pictures (01060) rose 5% to HK$0.42; Straw Bear Entertainment (02125) rose 4.55% to HK$0.69.

According to Maoyan data, as of November 22, the operating rate of theaters across the country had recovered to 53.92%. Last week, it increased by 27.10% and 50.74%, showing a marginal improvement trend. With the optimization of the epidemic prevention and control policy, the policies of the sector continued to improve.

Tianfeng Securities (601162) analyzed and pointed out that the film and television theater industry, as one of the industries more severely affected by the epidemic, has frequently issued national and local movie bailout policy documents, mainly through tax relief, rent relief, and financial subsidies. The film industry is expected to ease the difficulties and gradually improve, and the sector may usher in a good opportunity for recovery.