Chinese culture companies' operating revenue up 5.9% year-on-year in January-September: Chinese report

On the 30th, the National Bureau of Statistics of China announced that the operating income of cultural-related enterprises (hereinafter referred to as cultural enterprises) of a certain size or larger in the January-September period of 2024 will increase 5.9% year-on-year to 9.9668 trillion yen (about 214 trillion yen).
This is an increase of 555.9 billion formers (approximately 12 trillion yen) from the same period last year. By industry, the cultural services industry increased by 7.6% to 5,307.7 billion formers (approximately 114 trillion yen), and the overall growth rate was 1.7
The cultural-related wholesale and retail industry increased by 4.4%, while the cultural-related manufacturing industry increased by 3.9%.
During the same period, the operating income of nine industries in the culture sector maintained the upward trend from the first half of the year. Among them, the production of culture-related equipment increased by 10.0%, news content services increased by 8.2%, and co
Content production and cultural investment and management showed relatively high growth, up 7.2% and 6.9%, respectively. Growth in new cultural business formats was also notable. The operating income of the 16 cultural industry sub-categories increased by 10.0% year-on-year.
The growth rate was 4.1 percentage points higher than that of cultural businesses overall. The contribution rate of new business formats to the growth in total operating revenue reached 68.2%.
Mart drone manufacturing, Internet search services, Internet culture and entertainment platforms, multimedia games, animations and digital publishing software development, Internet
The six industries, including the Internet advertising services and digital publishing, maintained double-digit growth in operating revenue in the first half of the year. The total profit of cultural enterprises increased 3.9% year-on-year to 790.3 billion yen (about 17 trillion yen), and the operating profit margin was 7.93
By industry, Internet information services and Internet culture and entertainment platforms were the major contributors to the increase in profits.