China’s box office in 2022 dropped 36% versus 2021, reaching a little over RMB 30B ($4.35B). According to Chinese state media, citing figures from the China Film Administration, 85% of the 2022 revenue was generated by local movies, led by The Battle at Lake Changjin II with RMB 4.07B ($636M at historical rates, per comScore).
The Battle At Lake Changjin II
China’s Bona Film Group, producer of such hits as The Battle At Lake Changjin, made its debut on the Shenzhen stock exchange on Thursday, with shares closing the day at RMB 7.24 ($1.07). This was a 44% increase from the initial public offering price of RMB 5.03 ($0.74) per share and put the market capitalization