January Box Office Slumps,GF CSI Media Index ETF(512980) Drops 1.28% Intraday, Institutions Note Alternative Entertainment Dents Movie-Going Demand
NewTimeSpace News:As of 14:22 on February 26, 2026, the CSI Media Index (399971) dropped 1.21%. Its constituent stocks were mixed in performance: Yanshan Technology led the gains with a 3.12% rise, Gehua CATV advanced 1.50% and Perfect World climbed 1.27%; on the downside, Enlight Media led the slump with a 3.59% fall, Shanghai Film Group dropped 3.38% and China Science Publishing & Media fell 3.37%. TheGF CSI Media Index ETF (512980) declined 1.28% to the latest price of RMB 1.15. As of February 25, 2026, the ETF had a cumulative increase of 15.63% in the past three months, ranking in the top half among comparable funds in terms of growth rate. (The stocks listed above are only constituent stocks of the index and do not constitute any investment recommendation.)
In terms of liquidity, theGF CSI Media Index ETF posted an intraday turnover rate of 4.41% with a trading volume of RMB 467 million. As of February 25, its average daily trading volume in the past month stood at RMB 1.019 billion.
In terms of scale, theGF CSI Media Index ETF has achieved a remarkable growth of RMB 7.575 billion in size over the past three months, ranking in the top half among comparable funds in terms of new scale added. (Data source: Wind)
In terms of outstanding shares, the ETF saw a significant increase of 6.038 billion shares in circulation over the past three months, ranking in the top half among comparable funds in terms of new shares added. (Data source: Wind)
In terms of capital flows, theGF CSI Media Index ETF recorded a net capital outflow of RMB 421 million on the day. Looking at a longer timeframe, it has registered net capital inflows on 9 out of the past 17 trading days, attracting a total of RMB 263 million in capital with an average daily net inflow of RMB 15.4461 million. (Data source: Wind)
Data showed that leveraged funds have been continuously building positions in the ETF. The latest margin purchase volume of theGF CSI Media Index ETF reached RMB 24.1523 million, with the latest margin balance standing at RMB 287 million. (Data source: Wind)
As of February 25, the net value of theGF CSI Media Index ETF has risen 36.48% in the past year. In terms of profitability, as of February 25, 2026, since its inception, the ETF has achieved a maximum monthly return of 26.55%, a longest consecutive monthly gain streak of 6 months with a cumulative increase of 87.46% during the streak, and an average return of 6.66% in months with gains, with an annual profit rate of 62.50%. As of February 25, 2026, the ETF has delivered an annualized excess return of 1.78% over the benchmark since its establishment.
In terms of drawdown, as of February 25, 2026, theGF CSI Media Index ETF's relative benchmark drawdown year-to-date was 0.12%, the smallest among comparable funds.
In terms of fees, theGF CSI Media Index ETF has a management fee rate of 0.50% and a custodian fee rate of 0.10%, the lowest among comparable funds.
In terms of tracking accuracy, as of February 25, 2026, the ETF's tracking error in the past month was 0.011%, the highest tracking accuracy among comparable funds.
TheGF CSI Media Index ETF closely tracks the CSI Media Index. The index selects 50 securities of listed companies with relatively large total market capitalization from the marketing & advertising, cultural entertainment, digital media and other industries as its sample stocks, so as to reflect the overall performance of representative listed companies in the media sector.
Data showed that as of January 30, 2026, the top 10 weight stocks of the CSI Media Index (399971) were BlueFocus Intelligent Communication, Focus Media Information Technology, Leo Group, Giant Network Group, Yanshan Technology, Kunlun Tech, Kaiying Network, 37 Interactive Entertainment, Enlight Media and Perfect World. The combined weight of the top 10 stocks accounted for 53.71% of the index. (The stocks listed above are only constituent stocks of the index and do not constitute any investment recommendation.)
Industrial Research stated that the national movie box office slumped in January 2026. According to Lighthouse Professional Edition, China's film market recorded a box office of RMB 1.964 billion (including service fees) in January 2026, a year-on-year decrease of 69%, with the national movie attendance reaching 51 million person-times, a year-on-year drop of 63%. The January 2026 box office hit a 10-year low, mainly due to two factors: first, blockbuster films are concentrated for the Spring Festival holiday, which falls later this year; second, the viewing demand for mid-tier films has been significantly weakened by the substitution of various entertainment activities.
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