Financial Performance - In the first half of 2025, the company achieved revenue of 1.08 billion CNY and a net profit of 400 million CNY, showing a year-on-year decline [2] - The decline in revenue is primarily due to a decrease of approximately 86.1 million CNY in light asset output business income [2] - Operating cash flow increased to 722 million CNY, maintaining growth year-on-year [2] - Total operating costs rose by 7.98% year-on-year, driven by increased advertising and labor costs [2] Strategic Initiatives - The company is focusing on enhancing visitor experience through high-interaction activities and content innovation, including influencer collaborations and high-end family programs [1][2] - A significant upgrade of the Hangzhou project is underway, integrating Song culture with modern elements to create a comprehensive cultural performance kingdom [3][4] - The company plans to expand its offerings with diverse performances and enhance the overall visitor experience [3][4] Market Positioning - The company is targeting key consumer demographics, including families, women, and Gen Z, adapting to the trend of increasing individual and younger visitors [8] - The company maintains a stable pricing strategy, avoiding low-price competition to protect brand integrity [8][9] Future Growth Prospects - The company has signed two new light asset projects in Qingdao and Taizhou, with a total order value of 520 million CNY, expected to open in 2026 and 2028 [12][13] - The company is exploring international expansion opportunities, particularly in Thailand, while considering various investment strategies [13][15] - The company aims to achieve long-term sustainable growth by enhancing performance quality and expanding its market presence [15] Dividend Policy - The planned cash dividend for 2024 is 0.2 CNY per share, with a total cash dividend amount of 525 million CNY, reflecting a 100% increase from 2023 [10]

Group 1 - The company announced the approval of multiple proposals during the second meeting of the ninth board of directors, including the repurchase and cancellation of part of the first category of restricted stock under the 2023 restricted stock incentive plan [2]

Core Viewpoint - Songcheng Performance (300144.SZ) reported a decline in both revenue and net profit for the first half of 2025, indicating challenges in its financial performance [1] Financial Performance - The company's operating revenue for the first half of 2025 was 1.08 billion yuan, a year-on-year decrease of 8.30% [1] - The net profit attributable to shareholders of the listed company was 400 million yuan, down 27.40% year-on-year [1] - The net profit attributable to shareholders after deducting non-recurring gains and losses was 384 million yuan, reflecting a year-on-year decrease of 29.80% [1] - Basic earnings per share were 0.1523 yuan [1]

Group 1 - The core viewpoint of the article is that Songcheng Performance Development Co., Ltd. reported a decline in both revenue and net profit for the first half of 2025, indicating potential challenges in the company's financial performance [1] Group 2 - For the reporting period, the company achieved an operating income of 1.08 billion yuan, which represents a year-on-year decrease of 8.3% [1] - The net profit attributable to shareholders of the listed company was 400 million yuan, reflecting a year-on-year decline of 27.4% [1]

宋城演艺发展股份有限公司 董事会战略与可持续发展委员会工作细则 第一章 总则 第一条 为适应宋城演艺发展股份有限公司（以下简称"公司"）战略与可 持续发展需要，增强公司核心竞争力和可持续发展能力，确定公司发展规划， 健全决策程序，加强决策科学性，提高重大决策的效益和决策的质量，完善公 司治理结构，根据《中华人民共和国公司法》《中华人民共和国证券法》《上 市公司治理准则》《深圳证券交易所创业板股票上市规则》《深圳证券交易所 上市公司自律监管指引第2号——创业板上市公司规范运作》等有关法律法规、 规范性文件及《宋城演艺发展股份有限公司章程》（以下简称《公司章程》） 的规定，公司设立董事会战略与可持续发展委员会，并制定本工作细则。 第二条 战略与可持续发展委员会是董事会根据《公司章程》设立的专门工 作机构，对董事会负责，向董事会报告工作。战略与可持续发展委员会主要负 责对公司长期发展战略、重大投资决策和可持续发展规划进行研究并提出建议。 第二章 人员组成 第五条 战略与可持续发展委员会设召集人一名，负责主持委员会工作；召 集人由董事会在委员会成员内选举产生。 第六条 战略与可持续发展委员会成员任期与其本人的董事任期 ...

宋城演艺发展股份有限公司 董事会议事规则 第一章 总则 第一条 为明确宋城演艺发展股份有限公司（以下简称"公司"）董事会的 职责权限，规范公司董事会的议事方式和决策程序，促使公司董事和董事会有效 地履行职责，提高董事会规范运作和科学决策水平，根据《中华人民共和国公司 法》（以下简称《公司法》）、《中华人民共和国证券法》（以下简称《证券法》）、 《上市公司治理准则》《深圳证券交易所创业板股票上市规则》《深圳证券交易 所上市公司自律监管指引第2号——创业板上市公司规范运作》及其他法律、行 政法规、自律规则和《宋城演艺发展股份有限公司章程》（以下简称"公司章程"） 的规定，制定本规则。 第二章 董事会的组成与职权 第二条 公司设董事会，董事会由九名董事组成，其中独立董事三名，职工 代表董事一名。董事会设董事长一人，由董事会以全体董事的过半数选举产生。 董事会中独立董事人数不低于董事会成员人数的三分之一。独立董事中应至少包 括一名会计专业人士。董事会应具备合理的专业结构，董事会成员应具备履行职 务所必需的知识、技能和素质。 会计专业人士应当具备丰富的会计专业知识和经验，并至少符合下列条件之 一： （一）具备注册会计师 ...

宋城演艺发展股份有限公司 章 程 二〇二五年八月 1 | 第一章 | 总则 | 2 | | --- | --- | --- | | 第二章 | 经营宗旨和范围 4 | | | 第三章 | 股份 | 4 | | 第一节 | 股份发行 4 | | | 第二节 | 股份增减和回购 5 | | | 第三节 | 股份转让 6 | | | 第四章 | 股东和股东会 7 | | | 第一节 | 股东的一般规定 7 | | | 第二节 | 控股股东和实际控制人 9 | | | 第三节 | 股东会的一般规定 10 | | | 第四节 | 股东会的召集 12 | | | 第五节 | 股东会的提案与通知 14 | | | 第六节 | 股东会的召开 15 | | | 第七节 | 股东会的表决和决议 17 | | | 第五章 | 董事和董事会 21 | | | 第一节 | 董事的一般规定 21 | | | 第二节 | 董事会 | 23 | | 第三节 | 独立董事 27 | | | 第四节 | 董事会专门委员会 29 | | | 第六章 | 高级管理人员 32 | | | 第七章 | 财务会计制度、利润分配和审计 33 | | | 第 ...

Core Viewpoint - Songcheng Performance (300144.SZ) reported a decline in both revenue and net profit for the first half of 2025, indicating challenges in the company's financial performance [1] Financial Performance - The company achieved an operating revenue of 1.08 billion yuan, representing a year-on-year decrease of 8.30% [1] - The net profit attributable to shareholders was 399.6 million yuan, down 27.40% year-on-year [1] - The net profit attributable to shareholders after deducting non-recurring gains and losses was 384 million yuan, reflecting a year-on-year decline of 29.80% [1] - Basic earnings per share were reported at 0.1523 yuan [1]

关于 宋城演艺发展股份有限公司 调整第一类限制性股票回购价格及 回购注销部分第一类限制性股票相关事项 之 法律意见书 二〇二五年八月 上 海 君 澜 律 师 事 务 所 法律意见书 上海君澜律师事务所 上海君澜律师事务所 关于宋城演艺发展股份有限公司 调整第一类限制性股票回购价格及 回购注销部分第一类限制性股票相关事项之 法律意见书 致：宋城演艺发展股份有限公司 上海君澜律师事务所（以下简称"本所"）接受宋城演艺发展股份有限公 司（以下简称"公司"或"宋城演艺"）的委托，根据《上市公司股权激励管 理办法》（以下简称"《管理办法》"）《深圳证券交易所创业板股票上市规 则》（以下简称"《上市规则》"）《深圳证券交易所创业板上市公司自律监 管指南第 1 号—业务办理》（以下简称"《监管指南》"）《宋城演艺发展股 份有限公司 2023 年限制性股票激励计划》（以下简称"《激励计划》"或"本 次激励计划"）的规定，就宋城演艺本次激励计划调整第一类限制性股票回购 价格及回购注销部分第一类限制性股票的相关事项（以下简称"本次调整及回 购注销"）出具本法律意见书。 对本法律意见书，本所律师声明如下： （一）本所律师依据《中华 ...

Core Viewpoint - Songcheng Performance reported a decline in revenue and net profit for the first half of the year, indicating challenges in its business operations [1] Financial Performance - The company achieved operating revenue of 1.08 billion yuan, a year-on-year decrease of 8.3% [1] - Net profit attributable to shareholders was 400 million yuan, down 27.4% year-on-year [1] - Basic earnings per share were 0.1523 yuan [1] Factors Affecting Performance - The decline in performance was attributed to reduced revenue recognition from light asset output business and increased advertising expenses [1]