HK Stock Market Move | MAOYAN ENT(01896) dropped more than 4% in trading. The box office on the first day of the Spring Festival this year is lower than previous years.

MAOYAN ENT (01896) fell more than 4% during trading hours, as of the time of writing, it fell by 3.8% to HKD 6.84, with a turnover of HKD 238.84 million. On the news front, according to Maoyan professional edition data, as of the time of writing today, the total box office of 2026 Spring Festival movies (including pre-sales) has exceeded 3.4 billion, with "Hi, Mom 3", "The Soundless Xuanwu" and "Boonie Bears: The Wild Life" ranking top three. According to Caixin Global, the box office on the first day of the Spring Festival this year (February 17) was 1.272 billion yuan. Looking at the longer term, this year's first-day box office performance is average, the lowest in nearly ten years, only higher than the 806 million yuan in 2017, lower than the 1.805 billion yuan in the same period in 2025, as well as the 1.347 billion yuan and 1.357 billion yuan in 2024 and 2023 respectively.