Core Insights - In 2024, Jiangsu's cultural and related industries achieved a record high operating income of 22,546 billion yuan, marking a year-on-year growth of 12.8% [8][11][17] - The cultural new business formats contributed significantly to this growth, with an operating income of 5,221 billion yuan, up 15.5% from the previous year, accounting for 23.2% of the total cultural industry revenue [14][17] - The cultural manufacturing, wholesale and retail, and service sectors also showed positive growth, with revenues of 8,083 billion yuan, 5,483 billion yuan, and 8,980 billion yuan, respectively [8][11][17] Revenue Growth by Sector - Cultural manufacturing achieved an operating income of 8,083 billion yuan, growing by 8.3% [8][11] - Cultural wholesale and retail saw a significant increase of 37.8%, reaching 5,483 billion yuan [8][11] - Cultural service industry revenue grew by 5.2%, totaling 8,980 billion yuan [8][11] Revenue Growth by Industry - The nine major industries within the cultural sector experienced overall revenue growth, with notable increases in cultural communication channels (44.1%), cultural consumer terminal production (28.3%), and news information services (19.0%) [11][14] - Other industries such as cultural auxiliary production and intermediary services, cultural equipment production, and cultural entertainment services showed stable growth rates of 7.0%, 6.7%, and 4.8%, respectively [11][14] Asset Growth - By the end of 2024, the total assets of Jiangsu's cultural industry reached 57,949 billion yuan, an increase of 4,630 billion yuan or 8.7% from the previous year [12][13] - The cultural core and related fields contributed significantly to asset growth, with core field assets reaching 45,199 billion yuan, growing by 10.3% [13] R&D Investment - Cultural enterprises invested 43.53 billion yuan in research and development (R&D) in 2024, reflecting a 3.5% increase year-on-year [14] - The number of R&D personnel in large-scale cultural enterprises reached 125,000, with women making up a growing proportion [14] Contribution of New Business Formats - The 16 industries characterized by new business formats generated 5,221 billion yuan in revenue, contributing 27.2% to the overall growth of the cultural industry [14] - These new formats include sectors such as smart cultural consumption devices and internet services, which have shown significant revenue-driving effects [14]

Core Insights - The cultural enterprises in China achieved a total operating income of 33,939 billion yuan in Q1 2025, representing a year-on-year growth of 6.2% [1][3] - The 16 sub-industries characterized by new cultural business models generated an income of 14,846 billion yuan, growing by 12.5%, which is 6.3 percentage points higher than the overall growth rate of cultural enterprises [1][3] By Industry Type - Cultural manufacturing achieved an operating income of 9,417 billion yuan, with a year-on-year growth of 1.6% [2][3] - Cultural wholesale and retail generated 5,953 billion yuan, growing by 3.3% [2][3] - Cultural services reached 18,569 billion yuan, with a growth rate of 9.7% [2][3] By Field - The core cultural sectors generated 23,120 billion yuan, reflecting a growth of 7.1% year-on-year [2][3] - Related cultural sectors achieved 10,819 billion yuan, with a growth of 4.2% [2][3] By Industry Category - News information services reported an income of 4,716 billion yuan, growing by 10.5% [2][3] - Content creation and production reached 7,763 billion yuan, with a growth of 7.5% [2][3] - Creative design services generated 5,918 billion yuan, growing by 8.6% [2][3] - Cultural investment operations saw a slight decline, with an income of 110 million yuan, down by 0.2% [2][3] By Region - The eastern region achieved an operating income of 27,151 billion yuan, growing by 6.3% [2][3] - The central region reported 3,739 billion yuan, with a growth of 4.1% [2][3] - The western region generated 2,725 billion yuan, growing by 8.0% [2][3] - The northeastern region achieved 325 million yuan, with a growth of 5.8% [2][3] Profit and Assets - Cultural enterprises reported a total profit of 2,744 billion yuan, reflecting a significant year-on-year increase of 29.1% [2][3] - The operating income margin was 8.09%, an increase of 1.43 percentage points compared to the previous year [2][3] - Total assets at the end of the quarter amounted to 213,346 billion yuan, growing by 6.6% year-on-year [2][3]