The film tech company rode the China Lunar New Year ticket sales hitting its own record high of $1.3 billion on the strength of local releases like 'Ne Zha 2.'

China's film market enjoyed a record-breaking Lunar New Year, amassing a staggering RMB9.51 billion ($1.31 billion) in total box office revenue over the seven-day holiday period ending Feb. 4, according to a new report from Maoyan Research Institute.

Chinese New Year box office is off to a big start in the home market with records for first-day grosses overall and for Imax