According to national film funding data on December 28, in the 51st week (December 21 to December 27), the national film box office revenue was 1,098 billion yuan, an increase of 69.24% over the previous month. Following the National Day program, the weekly box office market once again surpassed 1 billion yuan. “Bomb Demolition Expert 2” and “Ching Ya Ji” are two of the top grossing positions, winning 418 million yuan and 253 million yuan respectively.

Huatai Securities pointed out that at present, the national cinema resumption rate has basically stabilized at over 90%, and the resumption of work in cinemas is progressing well. The demand side of the film market is recovering well, and the subsequent recovery of the market depends mainly on the supply of high-quality content. Following the implementation of vaccine research and development, the supply of imported tablets is expected to gradually resume. Furthermore, in 2020, driven by the re-screening of a large number of high-quality films, the share of high-profile films in the market increased dramatically. The 2021 Spring Festival blockbusters are expected to continue to boost audiences' enthusiasm for watching movies and accelerate the recovery of the film market. Leading film-related production companies are expected to benefit.

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