China Film outlines its achievements, ambitions

China Film Co. Ltd. has been named one of China's top 30 cultural enterprises for the 17th time in a list jointly released by Guangming Daily and Economic Daily.

Fu Ruoqing, chairman of China Film Co. Ltd., poses for a photo after a ceremony recognizing China's top 30 cultural enterprises for 2025, Beijing, May 26, 2025. [Photo courtesy of China Film Co. Ltd.]

Fu Ruoqing, chairman of China Film Co. Ltd., accepted the award at a ceremony in Beijing on May 26. The company also released a press release underscoring its remarkable achievements over the past year along with its innovations and global ambitions.

The statement noted that behind this significant honor lies the company's steadfast role as a national leader in cinema, demonstrating its commitment to innovation across multiple fronts including quality productions, technological advancement and market revitalization.

China Film Co. Ltd. maintains a people-centered creative approach, emphasizing meaningful themes, compelling storytelling and high-quality productions, according to the press release. In 2024, the company released 46 films, accounting for 70.19% of China's total domestic box office revenue. Nine of these titles ranked among the year's top 10 highest-grossing Chinese films. The productions have earned more than 140 domestic and international honors.

Notable releases include "The Volunteers: The Battle of Life and Death," portraying the heroic efforts during the War to Resist U.S. Aggression and Aid Korea; the visually poetic dance film "A Tapestry of a Legendary Land," adapting traditional Chinese culture through cross-media artistry; the dramas "Promise of Decades" and "Revisit," commemorating the 25th anniversary of Macao's return; and "Snow Leopard," winner of multiple international awards.

The film company is driving reform to boost productivity and innovation, integrating its operations in investment, development, production and distribution through deep convergence of production and operational systems. This creative-centered approach unleashes youthful vitality and a pioneering spirit. Through its Young Filmmakers Initiative, the company is fostering a new generation of creative studios and empowering young directors to boldly create and innovate.

China Film Co. Ltd. said it has consistently led technological innovation in cinema amid the convergence of technology and culture. In 2024, the company unveiled a two-year film technology innovation plan and achieved several breakthroughs in core technologies, developing China's own high-format cinema system covering projection equipment, production processes and front-end shooting. Its 10-meter Cinity LED screen became the world's first DCI-certified LED projection system, marking China's leadership in direct-view display technology. Following the opening of the Cinity LED Mastering Center in Beijing, an overseas counterpart has also been completed and put into operation in Hollywood. Over 200 Cinity theaters operate domestically, with more than 30 overseas. On May 16, the world's first 14-meter Cinity LED screen debuted in Urumqi, Xinjiang Uygur Autonomous Region, delivering groundbreaking audiovisual experiences.

China operates the world's most extensive digital film distribution network covering both urban and rural areas. As the country's largest distributor, China Film Co. Ltd. has implemented a range of measures to ensure robust film supply. In 2024, the company handled distribution for 646 films, accounting for 87.52% of China's total box office revenue. Notably, it distributed all of the 10 highest-grossing domestic films and 98% of imported foreign titles, further solidifying its market dominance.

The company has actively responded to policies for stimulating consumption and domestic demand to unlock market potential. In 2024, it partnered with China Media Group to pioneer cinema live broadcasts, holding over 1,000 screening events that attracted 64,000 viewers. The "Games Wide Open" initiative, bringing Olympic events to cinemas, became a cultural phenomenon.

The company has also accelerated global outreach, with several films receiving overseas releases and selection at international film festivals. Through its alliance booths at various film events and festivals, it has facilitated 68 participating organizations in exhibitions and negotiations, brokered 11 international cooperation deals and promoted nearly 200 films. The addition of new documentary and stage art film categories further diversified China's cinematic exports.

As the vanguard of China's film industry, China Film Co. Ltd. stated it will continue to advance high-quality development through proactive measures in production, distribution, exhibition, technology and services.

China Film Co. Ltd., China Publishing Group, Tencent, iQiyi, iFlytek and 25 other enterprises were named to this year's list of China's top 30 cultural enterprises. These industry leaders reported total net assets of 695.2 billion yuan in 2024, with combined operating revenue of 639.8 billion yuan from their core businesses — breaking the 600-billion-yuan threshold for the first time.