Core Viewpoint - The concert industry in China is experiencing significant growth, with a projected box office revenue of 29.636 billion yuan in 2024, representing a 66% year-on-year increase, while the film industry has only benefited from a one-year consumption rebound in 2023 [4][7]. Group 1: Market Trends - The concert market is not showing signs of saturation despite frequent tours by top artists, as they continue to innovate by inviting high-profile guests to attract new audiences [4][7]. - The audience composition for concerts shows a predominance of female attendees at 66.1%, with the age group of 25-29 years being the largest demographic [7][8]. - The frequency of attendance is increasing, with 16% of concertgoers attending two concerts a year, up 2.8% year-on-year, and 9.2% attending three or more, up 2.2% year-on-year [7][8]. Group 2: Consumer Behavior - Many concertgoers view attending concerts as an addictive experience, often prioritizing concert tickets over other expenditures, indicating a shift in consumer spending habits [8][9]. - Concerts are seen as a form of emotional consumption, providing therapeutic benefits and a way to fulfill past regrets of not attending concerts during youth [9][10]. Group 3: Experience and Differentiation - The concert experience is evolving into an immersive product that combines music, karaoke, and exhibition elements, catering to both the need for live music and social media engagement [11][12]. - Different artists offer varied concert experiences, with some focusing on elaborate stage designs while others emphasize a more intimate performance style [12][14]. - The concert market is characterized by a distinction between national-level artists and niche artists, with the former attracting a broader audience and the latter focusing on deepening connections with dedicated fans [14][15].

转自：前瞻产业研究院 行业主要上市公司：慈文传媒(002343.SZ);北京文化(000802.SZ);芒果超媒(300413.SZ);利亚德(300296.SZ);洲 明科技(300232.SZ);浩洋股份(300833.SZ);遥望科技(002291.SZ)等 本文核心数据：演唱会行业投融资规模;代表性企业融资事件;兼并重组 1、近年来国内演唱会行业投融资遇冷 演唱会行业涵盖范围广泛，包括内容制作、策划执行、艺人经纪、票务销售、场馆运营等，据IT桔子查询， 2015-2018年我国演唱会行业投融资较为火热，但之后企业融资数量快速回落，2019年来行业投融资数量每 年不超过2起，融资金额不超过五千万元。2025年截至6月4日，我国演唱会行业融资数量仅1起，金额约两千 万元。 2、演唱会领域单笔融资规模不高，投资轮次开始集中在早期天使轮 从单笔融资金额来看，除2018年音乐版权及艺人经纪服务提供商太合音乐获君联资本、国创开元母基金、中 泰创汇10亿元战略投资较高外，近年来基本不超过三千万元，反映出行业对资金需求相对不高。 从2016年至2025年6月的中国演唱会行业投融资数据来看，早期轮次占据主导地位。其中， ...

Core Viewpoint - The article discusses the evolving landscape of concert attendance in China, highlighting the increasing diversity of the audience and the economic impact of concerts on local economies. It emphasizes the emotional and social significance of attending concerts, which has transformed from a niche interest to a mainstream cultural phenomenon. Group 1: Audience Diversity and Experience - The audience for concerts has become more diverse, including older adults, minors, and various demographic groups, indicating a shift from a youth-centric view of concert-goers [10][12][54]. - Concerts provide a unique escape from daily life, allowing attendees to experience intense joy and connection with others, as described by attendees who feel a sense of community and shared happiness [5][15][40]. - The emotional impact of concerts is profound, with attendees often reflecting on personal stories and connections during performances, leading to moments of nostalgia and emotional release [42][81]. Group 2: Economic Impact and Market Dynamics - The ticketing platform, Damai, has seen significant revenue growth, with projected revenues of 2.28 billion, 14.8 billion, and 20.57 billion RMB over three fiscal years, indicating a booming concert market [14]. - The concert industry is not only about ticket sales; it generates substantial ancillary revenue, with a reported 1:4.8 ratio of ticket revenue to local economic impact, meaning every 1 RMB spent on tickets generates 4.8 RMB in local spending [78][79]. - The presence of scalpers (黄牛) has become a notable aspect of the ticketing landscape, with varying levels of pricing based on the scalper's position in the supply chain, affecting the overall market dynamics [31][32][34]. Group 3: Cultural Significance and Future Trends - The article highlights the cultural significance of concerts, particularly for the younger generation who grew up with specific artists, suggesting that musical preferences formed in youth can have lasting impacts on individuals [80]. - Local governments are increasingly supporting concert economies, recognizing their potential to boost tourism and local business, as seen in cities like Taiyuan, which has implemented policies to enhance concert experiences [68][79]. - The trend of integrating concert experiences with consumer products and services, such as bundled ticket and travel packages, reflects a growing recognition of the concert experience as a comprehensive entertainment offering [76].

Core Insights - The emergence of "Fan Economy" in Taiyuan, driven by concerts, is significantly boosting local consumption and tourism, transforming the city into a "Fan City" [1][9][39] - Taiyuan is leveraging its cultural heritage and concert events to create new consumption scenarios, enhancing the overall consumer experience [15][40] Group 1: Economic Impact - In 2024, concerts in Taiyuan are projected to generate a total consumption of 4.1 billion yuan, with ticket sales contributing 1.04 billion yuan, accommodation 700 million yuan, dining 339 million yuan, and shopping and entertainment 1.188 billion yuan [9][39] - The city is expected to host 32 concerts in 2024, attracting millions of fans and creating significant social media buzz around the events [9][39] Group 2: Consumer Experience - Fans attending concerts can enjoy free public transport and complimentary access to nine major tourist attractions with their concert tickets, enhancing their overall experience [9][40] - Local businesses are actively engaging with concert-goers by offering discounts and creating immersive experiences, such as themed photo opportunities and special promotions [20][23][39] Group 3: Cultural Integration - The integration of concerts with local tourism is evident, as fans are encouraged to explore Taiyuan's historical sites, such as the Jin Shrine, which has become a popular spot for fans [15][17] - The "Follow the Concert to Travel" model is gaining traction, promoting cultural heritage while driving tourism [15][39] Group 4: Future Prospects - The success of Taiyuan's concert-driven economy is prompting other cities in Shanxi Province, such as Datong and Jinzhong, to plan similar events, indicating a potential regional trend [39][40] - Taiyuan aims to further enhance its entertainment and tourism sectors by optimizing policies and developing related products to stimulate economic growth [40]

Core Insights - The concert industry is experiencing a rapid recovery globally, with significant growth in China, where concerts are becoming a vital part of urban cultural life and a new tourism resource driving economic development [1][9][19] Industry Overview - Concerts are defined as live performances primarily focused on music, characterized by their live, commercial, and entertainment aspects [2][6] - The concert industry is a crucial segment of live entertainment, contributing to the cultural and economic vitality of cities [6][8] Current Market Status - The concert market in China is projected to reach a total box office of over 26 billion yuan in 2024, marking a year-on-year increase of 78.1% [9] - There will be approximately 2,700 large concerts held, attracting over 29 million attendees, which is a 45% increase from 2023 [9] - The overall revenue for the national performance market is expected to be 79.63 billion yuan in 2024, a 7.61% increase from 2023 and a 39.14% increase from 2019 [8][9] Industry Participants - Key players in the concert industry include companies such as Huayi Brothers, Beijing Culture, Mango TV, and others, which are involved in various aspects of concert production, ticket sales, and venue operations [15][17] - Huayi Brothers is recognized as a leading organizer with extensive artist resources and experience in hosting concerts [15] Future Trends - The concert industry is expected to continue expanding due to policy support, growing consumer demand, technological innovation, and the integration of the industry chain [19] - Digital technology will increasingly integrate into all aspects of concerts, with a focus on quality content creation and market expansion into second and third-tier cities [19]

Core Insights - The Chinese concert industry encompasses a wide range of activities including content production, planning and execution, artist management, ticket sales, and venue operations [1] - Major players in the concert hosting sector include Huayi Brothers Media, which has a rich artist resource and extensive experience in hosting concerts [1] - The ticketing platform competition is led by major brands such as Damai, Maoyan Entertainment, and Tiantian Ticketing [5] - The regional distribution of concert-related enterprises is closely linked to population density, income levels, and consumer spending [11] Concert Hosting Competition - In Q1 2025, five institutions hosted 10 or more concerts, with Huayi Brothers Media leading by hosting 46 performances featuring artists like Gigi Leung and G.E.M. [3][4] - Other notable hosts include Luopan Culture and Live Nation, with 14 and 13 concerts respectively [3][4] Ticketing Platform Competition - As of May 13, 2025, the top ticketing brands include Damai, Maoyan, and Tiantian Ticketing, recognized for their data-driven and consumer-focused approaches [5] Venue Operations - The top five venues for concerts in Q1 2025 included Hangzhou Olympic Sports Center, which hosted 6 shows, and Shanghai Oriental Sports Center, with 14 performances [8] Regional Competition Landscape - As of May 30, 2025, there are approximately 484,500 enterprises in the concert industry, with Guangdong province having the highest number at over 50,000 [11] - The top five provinces (Guangdong, Zhejiang, Shandong, Hubei, and Hebei) account for 38.3% of the total concert-related enterprises in China [11] Concert Location Distribution - Major concert events are concentrated in economically developed urban clusters such as Beijing-Tianjin-Hebei, Yangtze River Delta, and Pearl River Delta, generating 63.5% of the total box office revenue [13] Competitive Dynamics - The threat of substitutes in the concert industry mainly comes from other entertainment forms like movies and streaming services, but the unique live atmosphere of concerts mitigates this threat [16] - The competitive intensity among existing firms is high, with larger companies holding significant market share while smaller firms seek differentiation [16]

Core Insights - The report highlights a positive outlook for MEMS inertial navigation, X-ray detection, and the export of air separation equipment, driven by growth in downstream applications such as low-altitude economy, autonomous driving, and robotics [3][6] - The industrial X-ray detection market is expected to experience structural growth due to strong demand from the electronics and semiconductor industries, as well as recovery in the lithium battery sector [3][6] - The air separation equipment market, primarily used in coal chemical, petrochemical, metallurgy, and nuclear power industries, has a market space exceeding 100 billion yuan, with increasing export activities under the Belt and Road Initiative [3][6] Industry Performance - The report notes that the new housing transaction area has increased month-on-month, while year-on-year comparisons show a decline in 20 cities for second-hand housing transactions [5][14] - The land transaction area has decreased year-on-year, but the premium rate has increased month-on-month, indicating a competitive land market in certain regions like Tianjin [5][14][16] - The issuance of domestic credit bonds has increased significantly, with a year-on-year rise of 606% and a month-on-month increase of 63%, reflecting improved market conditions [17] Market Trends - The gaming industry is expected to benefit from innovative gameplay and a surge in demand for new titles, with the monthly issuance of game licenses projected to reach 135 in the first half of 2025 [11][12] - The report emphasizes the potential for AI virtual social applications, particularly with the development of AI companions, which could lead to significant commercial opportunities [12] - The three-dimensional visual digitization market is projected to reach 40.01 billion yuan by 2027, with a compound annual growth rate of 26.6%, driven by the shift from 2D to 3D applications in various industries [8]

Group 1: Marine Economy in Guangdong - Guangdong's marine economy is projected to exceed 2 trillion yuan in 2024, accounting for approximately 1/5 of the national total, marking 30 consecutive years of leading the country [1] - The province is accelerating the construction of 15 national-level marine ranches and maintains the largest scale in marine tourism [1] Group 2: Consumer Goods Recycling Policy - The National Development and Reform Commission will allocate the third batch of funds for consumer goods recycling in July, ensuring the policy is implemented smoothly throughout the year [1] Group 3: Banking Sector Adjustments - Major banks are phasing out medium- to long-term large-denomination certificates of deposit due to reduced interest rate advantages, reflecting a shift in cost control and liquidity management strategies [1] Group 4: Stock Market Trends - The A-share market is showing strength, with major indices rising and the brokerage sector experiencing a significant increase, suggesting a potential bull market [2] - The brokerage index surged by 5.52%, with a cumulative increase of 9.49% over three trading days, indicating strong market sentiment [2] Group 5: Gold Market Dynamics - Despite geopolitical tensions in the Middle East, gold prices have declined, suggesting that current prices have already factored in various influences, with potential for future upward momentum [2] Group 6: Short Drama Development in Online Literature - Leading online literature platforms are expanding their content ecosystems by incorporating short dramas, which are often based on popular web literature IPs, as a strategy to tap into new growth opportunities [3] Group 7: Concert Demand Surge - The demand for concert tickets in Beijing has surged, with many fans struggling to secure tickets for popular events, indicating a strong recovery in the live performance market [3]

Industry Overview - The concert industry in China has a well-defined structure involving content production, hardware support, ticketing platforms, venue management, and brand sponsorship [1][2] - The concert industry chain includes upstream content creators, midstream ticketing and venue operators, and downstream economic derivatives such as tourism and merchandise sales [1] Industry Development - The concert market in China has shown a recovery post-pandemic, with ticket revenue reaching 29.636 billion yuan in 2023, a year-on-year increase of 66.53% [7] - In 2024, large-scale concerts are expected to generate over 26 billion yuan in ticket sales, reflecting a 78.1% increase year-on-year [8] - The number of artists hosting large concerts has increased by 29.5% in 2024, with 79.7% of these being tour projects [14] Competitive Landscape - CMCLive is identified as a leading concert organizer in China, with significant artist resources and experience [17] - Major ticketing platforms include Damai, Maoyan Entertainment, and Motianlun, which are commonly used by consumers for ticket purchases [17] - The distribution of concert-related enterprises is concentrated in economically developed regions, with Guangdong having over 50,000 companies [20] Future Trends - The concert industry is expected to continue expanding due to policy support, rising consumer demand, and technological innovation [22] - Digital technology will increasingly integrate into various aspects of concerts, with a focus on quality content creation and industry consolidation [22]

Group 1 - The 21st China (Shenzhen) International Cultural Industries Fair (CICIF) opened on May 22, showcasing Guangdong's commitment to high-quality cultural industry development through a series of policy initiatives [1] - Guangdong released a comprehensive policy package targeting six key areas: film and television, concerts, animation, online games, esports, and live streaming [1] Group 2 - The article discusses the implications of these policies for the cultural industry, emphasizing the potential for growth and innovation within these sectors [1]