SANXIANG IMPRESSION(SZ:000863) Zheng Quan Ri Bao Wang·2025-04-29 13:00Group 1 - The offline performance market is experiencing significant growth, with a notable increase in large-scale concerts, contributing to a total box office revenue of 296.36 billion yuan in 2024, representing a 66% year-on-year growth and accounting for 51.1% of the total performance market revenue [1] - As of April 29, 2025, the domestic performance market has generated a box office revenue of 53.03 billion yuan, with concert revenues reaching 40.64 billion yuan, making up 89.4% of the total [1] - The number of performance-related enterprises in China has rapidly increased, surpassing 440,000 in 2024, indicating a robust growth trend in the industry [1] Group 2 - Companies like Sanxiang Impression (000863) reported a year-on-year increase in both revenue and net profit, achieving an operating income of 1.21 billion yuan and a net profit of 19.28 million yuan, highlighting the positive impact of the thriving offline performance market [2] - The rise in consumer spending and the trend of traveling for performances are creating new cultural tourism scenarios, supported by ongoing policy initiatives that promote industry collaboration [2][3] - The "Buy in China" initiative aims to enhance the quality of performances and cultural events, encouraging the introduction of high-quality domestic and international artistic performances, which is expected to boost the international influence of the domestic performance market [2][3]