For the not super China-fixated, the roster of Spring Festival releases this year, ordered based on their presages and want-to-see indexes on Maoyan:
长津湖之水门桥 (official English title: The Battle at Lake Changjin II; more literally, Lake Changjin’s Watergate Bridge). Sequel to the nominally highest-grossing Chinese movie of all time (Wolf Warrior II had *much* more impressive attendance). Useful box office comparisons include the first Battle at Lake Changjin, which released over National Day; among recent Spring Festival releases, the closest comparison I can think of is the astonishingly violent and bloody Operation Red Sea from 2019, which made 3.65 billion RMB off of a fairly small opening day and really strong word of mouth. Changjin II will open on IMAX/premium format screens (not sure if they've announced anything for the sequel, but I'm pretty sure the entire movie is formatted in IMAX's 1.9 aspect ratio). At 149 minutes, it’s the longest Spring Festival release this year, although it’s a merciful 30 minutes shorter than its predecessor.
奇迹·笨小孩 (official English title: Nice View; more literally, Miracle - Stupid Child). Starring Jackson Yee and a cute kid; plot focuses on migrant workers in China’s tech zone of Shenzhen (I believe that the title refers to the country’s economic miracle). Director Wen Muye’s last movie 我不是药神 (Dying to Survive) grossed 3.1 billion RMB in summer 2018 off of exceptional word of mouth. If this one is similarly crowd-pleasing, could be one to watch; it will release in IMAX, though not sure how many showtimes it’ll get given the competition.
四海 (official English title: Only Fools Rush In; more literally, Four Seas). Starring Liu Haoran (the Detective Chinatown franchise), Liu Haocun (A Little Red Flower, Cliff Walkers), Shen Tang (Hi, Mom), the movie’s a comedy/action/romance centered around motorcycles. This is director Han Han’s third Spring Festival movie after 2017’s Duckweed and 2019’s Pegasus, both of which topped out at just over 1 billion RMB. Like Changjin and Nice View, this one also has an IMAX release, although not sure how meaningful that IMAX release will end up being.
这杀手不太冷静 (official English title: Too Cool to Kill; more literally, This Murderer Isn’t Too Calm). Looks to be playing off China’s affinity for script murder games (similarly to last year’s 扬名立万 (Be Somebody), which made about 900 million RMB).
狙击手 (not sure it has an official English title but the Chinese translates to ‘Snipers’). Directed by Zhang Yimou and his daughter Zhang Mo; so far not at all impressive given the pedigree of the director, the prestige of the release date, and the success of other Korean War movies. Could it receive a boost from the Beijing 2022 opening ceremony, also directed by Zhang Yimou? Not sure…
Plus a trio of animations— 熊出没·重返地球 (Boonie Bears: Back to Earth) and 喜羊羊与黑太狼之筐出未来 (Dunk for Future), both installments in long-running domestic Chinese children’s franchises, as well as 小虎墩大英雄 (Run Tiger Run), which is currently on track to place dead last among the Spring Festival releases. None of the animations are likely to be a major box office factor.
So far the 2022 box office is down compared to 2021. All the quotes I've seen from Chinese officials indicate that they would rather not relinquish the worldwide box office crown back to the US/Canada; if that's a serious goal, then a strong, preferably record-breaking Spring Festival is going to be critical to achieving success. With that said, this year's roster just isn't that exciting, with only one movie that seems like a surefire blockbuster (Changjin II). China'll need some serious breakout successes if they want to keep up their box office growth… and, barring that, they'll need to let in more foreign releases to keep numbers up (pretty sure Uncharted has been approved but not dated).
Anecdotally, living in Shanghai, I haven't heard much excitement for this year's roster of movies (although then again I'm a foreigner so take everything I say with a heaping helping of salt).