Profits of China's state-owned cultural enterprises hit 84.99 billion yuan ($13.52 billion) in 2011, up 21.7 percent year on year, official figures have shown.

For the first time, the Ministry of Finance (MOF) unveiled figures relating to the country's State-owned cultural enterprises in a "white paper"-like report.

The MOF figures showed that there were 10,365 state-owned cultural enterprises by the end of 2011, with total assets of nearly 1.6 trillion yuan, up 18.7 percent compared with 2010.