中新网海口1月4日电 (记者张茜翼)今年元旦假期，海口旅游文化市场人气高涨、业态丰富、消费活跃， 展现出蓬勃的假日经济活力。全市通过跨年主题活动、景区特色策划、文化深度体验、乡村旅游与全城 促销相结合，彰显海口作为国际旅游消费中心城市的多元魅力。 据统计，2026年元旦假期，海口累计接待游客总人数65.09万人次，其中接待过夜游客总人数23.1万人 次，接待一日游游客总人数41.99万人次，实现游客总花费8.25亿元。 免税购物作为拉动消费的核心引擎，持续释放强劲动力。cdf海口国际免税城、cdf日月广场免税店、cdf 美兰机场免税店、GDF海控全球精品免税城、深免海口观澜湖免税城等主要免税场所客流如织，消费者 在琳琅满目的商品与多重优惠活动中尽享购物乐趣。政策红利与品牌资源的双重加持，进一步提升海南 免税购物的吸引力与竞争力，为消费市场注入活力。 艺术体验成为假日新选择。海南省博物馆"祥瑞万象"纹饰特展、新晋文化地标海南科技馆"三日主题挑 战赛"及天文科普直播，吸引众多艺术爱好者和青少年参与。演出市场则呈现多元化、高品质的特点， 海口湾演艺中心、海南省歌舞剧院等地接连上演新年音乐会、舞台剧等高品质演出，满足 ...

广州大剧院以高品质内容筑牢兴业根基，依托优质文化IP的强大号召力，"票根经济"持续发力。据统 计，2025年广州大剧院跨省及跨市观众占比达30%，剧院以此为纽带，串联交通、住宿、旅游等消费环 节。剧院还联动珠江新城多元业态打造"艺术+商业+文旅"闭环，推出跨省观演福利包等活动，既为跨 城观众提供一体化优质体验，强化"广州艺术之旅"品牌认知，更激活区域消费生态，带动相关产业协同 发展。 岁末年初的广州大剧院，又迎来了演出旺季。钢琴大师郎朗的独奏音乐会、跨年夜一晚两场的维也纳广 播交响乐团新年音乐会、爆款沉浸式喜歌剧《神奇医生》、广东音乐曲艺团2026新年音乐会、成都知更 室内合唱团新年音乐会、钢琴家薛颖佳的《小步舞曲两百年》独奏音乐会将轮番上演，以丰富多元的演 出矩阵，让民众在浓郁的节日氛围中感受艺术之美。(完) 来源：中国新闻网 广州大剧院2025年演出票房创新高 中新网广州12月26日电(王华 李婉仪)广州大剧院26日消息，该院2025年演出票房创下十五年来历史新 高。 广州大剧院2025年演出票房创下十五年来历史新高。图为广州大剧院2026新年音乐会海报。广州大 剧院 供图 2025年广州大剧院经典与新作 ...

演出间隙，演员们身着演出服装走进人群，与市民游客亲切合影、交流心得。"街区是我们的小舞台， 文化服务是我们的大舞台。"今年73岁的孟华华是南京市锦上添花艺术团的团员，她说，团队自成立以 来，"生意"十分火爆，由于节目类型丰富，涵盖舞蹈、独唱、柔术、杂技、马头琴、变脸等多门类，所 以团队的演出范围不仅涵盖全市，而且走出南京，在全省多地演出，深受大家喜爱。 2026年度南京市公共文化服务项目对接活动吸引各区文化"买手" 成交326场！戏曲亭前"点单"，争抢"文化大餐" 优秀群众文化团队惠民展演活动。 南京日报/ 紫金山新闻记者 董家训 摄 南报网讯（记者 鲁舒婷） 舞台上，百余支文化团队同台竞技，上演一场别开生面的年度展演；舞台 下，民俗体验区前排起长队，市民游客在亲手制作中感受南京传统文化的细腻与厚重……12月19日，由 南京市文化和旅游局主办的"文采四季 幸福南京"2026年度南京市公共文化服务项目对接暨优秀群众文 化团队惠民展演活动在秦淮区门东历史文化街区举行。 现场设置了"音舞台""雅乐坊""戏曲亭"3个主题展演区，来自全市及周边地区的百余家优秀文化团队与 服务机构，集中展演了涵盖演出、讲座、培训、美育体 ...

Investment Rating - The report maintains a "Buy" rating for the company [5][11]. Core Insights - The company has demonstrated significant growth in IP revenue, with a more than doubling of income from IP-related businesses, particularly in ToB licensing and a rapidly developing ToC segment [11]. - The company's total revenue for FY26H1 reached 4.05 billion RMB, representing a year-on-year increase of 33%, while net profit attributable to shareholders was 520 million RMB, up 54% [8][11]. - The report highlights a strategic shift in the film investment approach, focusing on lower-risk, high-quality content, while the live performance segment is expanding both domestically and internationally [11]. Financial Data and Profit Forecast - The company’s revenue projections for FY2024 to FY2028 are as follows: - FY2024: 5.036 billion RMB (YoY +43%) - FY2025: 6.702 billion RMB (YoY +33%) - FY2026E: 8.510 billion RMB (YoY +27%) - FY2027E: 9.982 billion RMB (YoY +17%) - FY2028E: 11.336 billion RMB (YoY +14%) [10][12]. - Net profit attributable to ordinary shareholders is forecasted to grow significantly, with estimates of 1.043 billion RMB for FY2026E, reflecting a 187% increase from FY2025 [10][12]. - The report anticipates a steady increase in earnings per share, projected to reach 3.52 RMB in FY2026E [10][12]. Business Segment Performance - The IP derivative business saw a revenue increase of 105% in FY26H1, with a focus on high-quality IPs and expanding retail brand operations [11]. - The live performance segment generated 1.34 billion RMB in revenue for FY26H1, marking a 14.5% increase, despite some pressure on profit margins due to international expansion efforts [11]. - The film segment reported a revenue decline of 15% in FY26H1, prompting a strategic pivot towards lower-budget, high-quality films [11].

Core Viewpoint - The article discusses recent adjustments made by the State Taxation Administration regarding the withholding and prepayment of individual income tax for platform workers in the internet sector, allowing for cumulative withholding methods to ease the tax burden on these workers [1][6]. Group 1: Tax Withholding Methods - The new announcement allows internet platform companies to use cumulative withholding methods for tax prepayment, which is a change aimed at reducing the burden on platform workers [1]. - There are two categories for labor remuneration reporting: one that applies cumulative withholding and one that does not [1]. Group 2: Non-Cumulative Withholding - Non-cumulative withholding applies to general labor remuneration, categorized as one-time income or continuous income within a month [3]. - For non-cumulative withholding, if the income does not exceed 4,000 yuan, a deduction of 800 yuan is allowed; if it exceeds 4,000 yuan, a deduction of 20% of the income is applied [3]. Group 3: Cumulative Withholding - Cumulative withholding is applicable to specific groups, including full-time students earning income from internships and certain commission-based roles such as insurance agents and securities brokers [4]. - For cumulative withholding, a monthly deduction of 5,000 yuan is allowed, and tax rates range from 3% to 45% based on a seven-tier progressive rate system, replacing the previous three-tier system [5][6]. Group 4: Types of Income - Platform workers typically earn labor remuneration through various services provided via internet platforms, including live streaming, education, medical services, delivery, and more [5]. - The adjustments in tax withholding methods are expected to significantly lower the prepayment tax amounts for platform workers [6].

Core Viewpoint - The article emphasizes the significance of China's super-large market as a unique advantage, highlighting the need to leverage this market for economic growth and development strategies [1] Group 1: Consumption Market - China has the world's largest consumer market, supported by 1.4 billion consumers, which is crucial for high-quality economic development [2] - As of 2024, China has maintained its position as the world's largest automobile producer and seller for 16 consecutive years, with leading sales in home appliances and agricultural products [4] - The online retail market in China is the largest globally, with online retail sales reaching 12.79 trillion yuan in the first ten months of this year, a year-on-year increase of 9.6% [8] - The instant retail market in China is projected to reach 780 billion yuan in 2024, with an expected annual growth rate exceeding 25% until 2030 [15] Group 2: Service Consumption - Service consumption is rapidly rising, becoming a new engine for economic growth, with diverse offerings in cultural tourism, healthcare, and entertainment [19] - The night economy is gaining traction, with night-time consumer spending in Shanghai's key districts increasing by 15.3% during the recent holidays [24] Group 3: Innovation and Trends - The article highlights the importance of innovative consumption scenarios and environments to unlock the potential of the domestic market [25] - The rise of personalized and experiential consumption preferences among young consumers is driving new demand, with "IP + consumption" becoming a popular trend [22] - The interaction between new consumption scenarios, business models, and consumer demand is crucial for activating the potential of the super-large market [26]

Core Insights - The article highlights the experiences and insights of three female music agents in the independent music scene, aiming to inspire those interested in entering the industry or those who are just starting out [1][2]. Group 1: Industry Overview - The independent music industry is characterized by passion and creativity, with various paths leading to success, emphasizing that there is no single best way to enter the field [2]. - The industry is heavily reliant on personal interest, as financial rewards are often limited compared to other sectors [5][10]. Group 2: Individual Experiences - The first agent, 默默酱, has 10 years of experience, with 6 years specifically in artist management, and emphasizes the importance of never having a losing show [3][4]. - She manages multiple bands simultaneously with a small team, highlighting the resource constraints faced by independent artists [4][13]. - The second agent, 快乐天使, has a diverse role encompassing various tasks from planning to execution, reflecting the multifaceted nature of independent music management [24][27]. - The third agent, 来来, founded her own label and emphasizes the importance of trust and collaboration within the industry [46][49]. Group 3: Challenges and Solutions - Agents face significant challenges, including financial management and the complexities of event approvals, which can be time-consuming and tedious [17][19]. - The agents share strategies for cost-saving during tours, such as consolidating shipments and sharing travel expenses [13][14]. - They also call for more attention and support from investors towards independent music, as small budgets can significantly impact a band's growth [20][58]. Group 4: Career Advice - The agents recommend starting in independent studios to gain comprehensive exposure to the industry, as this can lead to faster career growth compared to larger companies [21][44]. - They stress the importance of passion and interest in the field, suggesting that individuals should not be afraid to pursue their dreams in the music industry [42][43].

Group 1 - Beijing's GDP grew by 5.6% year-on-year in the first three quarters, with an increase of 0.1 percentage points compared to the first half of the year, indicating a stable and improving economic performance [1] - Key industries such as information transmission, software and IT services, finance, and manufacturing contributed over 80% to the city's economic growth [1] - High-end manufacturing led the growth, with the added value of strategic emerging industries and high-tech manufacturing increasing by 17.9% and 9.9% respectively [1] Group 2 - The new consumption sector showed strong performance, with significant growth in the film and performance markets, as well as over 10% revenue growth in travel agencies and related services [1] - Policies promoting consumption, such as the trade-in program for household appliances, have effectively boosted production and sales [2] - The integration of various sectors, including culture, commerce, tourism, and sports, has led to double-digit growth in the number of large events and attendees in Beijing this year [2]

Core Insights - The most significant change in consumer spending over recent years is not the amount spent, but a shift in consumption mindset [1] Group 1: Changes in Consumer Behavior - Consumers are now more willing to invest in experiences such as travel, performances, gourmet food, and fitness, rather than just material goods [1] - There is a growing trend towards spending on smart appliances, indicating a preference for technology and innovation in purchases [1] - The approach to knowledge payment has become more rational and focused, reflecting a shift in how consumers value information services [1] Group 2: Attitude Towards New Energy Vehicles - Previously, consumers were hesitant about new energy vehicles due to concerns over range, safety, and resale value; however, personal experiences have led to a more favorable view [1] - The advantages of new energy vehicles in terms of cost of use, driving experience, and intelligence have prompted consumers to recommend them to others [1] Group 3: Rational Spending - While consumers are willing to pay for intelligence, service, and experiences, spending has become more rational and streamlined, aiming for value [1] - Consumers seek to balance quality of life with spending wisely, ensuring that expenditures are justified and meaningful [1]

Core Insights - The National Day holiday revealed a significant polarization in consumer behavior, with overall retail and catering sales increasing by 2.7% year-on-year, while the willingness to spend has decreased among many consumers [1][3]. Consumer Trends - There is a notable increase in cross-regional mobility, with an average of 30.4 million people traveling daily, reflecting a 6.2% year-on-year growth [1][3]. - The travel preferences are diverging, with outbound tourism thriving while county-level tourism is also gaining traction, indicating a dual trend in consumer spending [3][4]. - Young people are becoming the primary demographic for holiday travel, while older individuals tend to avoid peak travel times [9][10][11]. Entertainment Consumption - The entertainment sector is experiencing a shift, with live performances gaining popularity while the movie market is declining. During the holiday, live performance attendance increased by 39.5% year-on-year, while movie attendance dropped by 4% [6][7]. - The average ticket price for live performances is significantly higher than that of movies, which may explain the shift in consumer preference towards experiences that offer greater emotional value [6][8]. Economic Context - Domestic consumption is increasingly vital for economic growth, especially amid uncertainties in real estate and external trade [3][14]. - Despite a record number of travelers during the holiday, the average spending per person decreased by 12.84% compared to the previous year, indicating a potential concern for future consumer spending [19][20]. - The total expenditure for domestic travel reached approximately 809 billion yuan, a 15.3% increase year-on-year, but this growth is attributed to the increase in traveler numbers rather than higher per capita spending [19]. Future Outlook - The overall consumer price index has shown a decline of 0.3% from January to August compared to the previous year, suggesting ongoing challenges in consumer spending [13][14]. - The importance of consumer spending is underscored by the need for both financial resources and leisure time, with the National Day holiday serving as a critical indicator of consumer sentiment and spending trends [12][16].