CICC's outlook for the 2024 summer season: With a high base, attention should be paid to the performance of key movies, and the box office during the season is expected to decline by 15% to increase by 5% compared to the same period last year. As numerous top-grossing films with more than 1 billion yuan in box office during the previous summer season faced certain high base pressures, we judge that this year's total box office during the season may be between 85% (175 billion yuan) and 105% (217 billion yuan) of that of last year. The performance of top-grossing films may have a significant impact on the final box office, and we recommend continuous monitoring of the progress of key movie scheduling and the box office performance after the scheduled movies are released.