北交所策略专题报告:北证文创国潮主线浮现:从柏星龙AI文创到朱炳仁铜上市辅导
KAIYUAN SECURITIES·2025-12-28 10:44

Group 1 - The cultural industry in China has shown rapid growth, with cultural enterprises achieving revenue of 11 trillion yuan in the first three quarters of 2025, representing a year-on-year increase of 7.9% [2][18][19] - The cultural service sector leads the industry with a revenue of 60,626 billion yuan and a growth rate of 11.9%, accounting for 55.3% of the total revenue [2][19][21] - The new cultural business formats have seen significant growth, with 16 sub-sectors generating 48,860 billion yuan, a year-on-year increase of 14.1%, outpacing the overall industry growth [2][18][19] Group 2 - The report highlights the performance of specific companies, such as Baixinglong, which is focusing on the C-end market with its original IP "One-Eyed Planet" and aims to cater to the emotional economy of Generation Z [2][38][42] - Taihu Snow, a leading silk product company, has integrated traditional craftsmanship with modern design, achieving a revenue of 4.02 billion yuan in the first three quarters of 2025, with a net profit of 23.16 million yuan [2][35][50] - The report notes that 37 new companies related to the consumer service sector were listed on the New Third Board in 2025, with an average revenue of 931 million yuan and an average net profit of 90.67 million yuan for 2024 [4][74] Group 3 - The report indicates that the eastern region of China accounts for 79.9% of the cultural enterprises' revenue, with significant growth rates observed in both the eastern and western regions [2][24][28] - The content creation and production, creative design services, and news information services have shown remarkable growth rates of 14.0%, 13.2%, and 11.6% respectively [2][23][21] - The cultural industry has benefited from substantial government investment, particularly in cultural tourism, which has accelerated the development of cultural consumption [2][29][31]

北交所策略专题报告:北证文创国潮主线浮现:从柏星龙AI文创到朱炳仁铜上市辅导 - Reportify