Genshin Impact has just been named on a domestic chart as a leader in spreading Chinese culture around the world.
The 4th Shanghai Top 10 Cultural Enterprise Awards has just been held. Here, HoYoverse, the producer of Genshin Impact, was honored to be voted as the leading enterprise in promoting the country’s cultural image to the world.
The selection of the top 10 cultural enterprises guided by the Propaganda Department of the Shanghai Municipal Commission and the Shanghai Municipal Bureau of Culture and Tourism has just taken place. The event was organized by the Shanghai Cultural and Creative Industries Promotion Association together with China Business News. Also at this conference, the document Some Opinions on Promoting Innovation and Development of Cultural and Creative Industries of the City of Shanghai Municipal Government was released.
It is worth noting that at the conference, many game companies or representatives of major game studios were shortlisted for this extremely prestigious award. Four companies with main business activities in the game segment including Polk City, Bilibili, HoYoverse and Shengqu were honored to make the list of Top 10 top cultural enterprises in Shanghai.
At the award ceremony were attended by Gu Liming, vice president of Perfect World (on behalf of Perfect World Shanghai branch), Li Ni, vice president and CEO of Bilibili, Liu Wei, co-founder and HoYoverse’s president, Wang Xinwen, Lilith’s president and chief executive officer, and five other game company representatives participated in receiving the honorary award.
In addition, the famous professional tournaments League of Legends China – LPL and Genshin Impact also made the list of Top 10 cultural brands in Shanghai. It is known that this award is given for the first time in the history of the organization. Awarded in 3 categories, namely Top 10 Shanghai Top Cultural Brands, Top 10 Top Characters of the Year in Shanghai Cultural Enterprises and Top 10 Shanghai Cultural Brands, HoYoverse was honored to become the winner. the company that received the most awards at this conference.
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The total sales of the top 10 companies honored in the awards ceremony in 2021 is 52.2 billion yuan, total profit is 22.7 billion yuan, and net assets are 52.9 billion yuan bad. Business activity increased 145%, which is a record high. The top ten companies have experienced very significant performance growth over the past two years, the average gross growth rate of operating income for 2019-2021 is 40% and the average compounded growth rate of total returns over the past three years is 88%.
Out of the above 20 companies, 7 are related to the gaming industry. Game companies have become a major force in the development of the cultural and creative industry in Shanghai. The awarding results of this conference also show that, to some extent, the economic benefits of the game industry and the cultural significance of game products are undeniable. .
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