Gelonghui, November 2 | According to the Zhongyuan Securities Research Report, China Film (600977.SH) dominated or participated in the production and marketing of 28 films in the first three quarters, achieving a cumulative box office of 23.102 billion yuan, accounting for 61.44% of the total box office of domestic films in the country during the same period, an increase of about 4.63 pct over the same period. The film industry performed well in the first three quarters. The box office showed a good recovery trend, and the box office gap with the same period in 2019 continued to narrow. However, due to factors such as the supply of content and the sharp increase in demand for going out during the holidays, the performance of the National Day program was weak, dragging down the overall box office in October. The bank lowered its profit forecast for the company. The 2023-2025 EPS is expected to be 0.31 yuan, 0.42 yuan, and 119790.50. According to the closing price on November 1, the corresponding 12.01 PE is 38.59 times, 28.72 times, and 24.14 times, maintaining the “increased holdings” rating.