This paper mainly analyzes the situation of cultural enterprises after listed and holds the point that the overall development of listed cultural enterprises scored remarkable achievements compared to that of unlisted. However, when compared with the development of industries and other plates of Shanghai and Shenzhen stock markets, their advantage is not prominent. The main reasons why cultural enterprises in China performed poorly after listed are the lagging of current cultural management system, separate listing modes of gathering and editing and operation, as well as lack of incentive mechanism etc. In order to stimulate vitality of listed cultural enterprises and achieve the fundamental purpose of their listing, reform of the cultural system has to be further deepened; especially the development of marketization of cultural enterprises should be made further exploration. <<