证券日报网讯宋城演艺（300144）10月14日在互动平台回答投资者提问时表示，三季度业绩情况请关注 公司后续披露的定期报告。 ...

证券日报网讯 宋城演艺（300144）10月14日在互动平台回答投资者提问时表示，全国12大《千古情》 国庆黄金周共演出510场，接待游客近300万人次，均创历年新高。三季度经营情况请关注公司后续披露 的定期报告。 ...

证券日报网讯宋城演艺（300144）10月14日在互动平台回答投资者提问时表示，公司投资理财限额为30 亿元，在此额度内，资金可以循环滚动使用，目前主要投向银行保本型及风险等级极低的存款或理财产 品。不存在任何股东占用资金的情形。 ...

宋城演艺10月14日在互动平台表示，公司未参与西贝IPO项目。二级市场股价波动受宏观环境、行业政 策、市场偏好等多重因素影响，敬请注意投资风险。公司致力于深耕文旅演艺主业，稳步发展。为满足 游客需求，各千古情景区均提供餐饮配套服务。目前公司暂无跨界进入餐饮预制菜行业的计划。 ...

Core Insights - The tourism and scenic spots sector experienced a decline of 0.73% on October 13, with Tianfu Culture and Tourism leading the drop [1] - The Shanghai Composite Index closed at 3889.5, down 0.19%, while the Shenzhen Component Index closed at 13231.47, down 0.93% [1] Stock Performance Summary - Dalian Shengya (600593) saw a closing price of 34.39 with an increase of 3.21% and a trading volume of 50,900 shares, totaling 174 million yuan [1] - Changzi Mountain (660E09) closed at 45.45, up 2.18%, with a trading volume of 85,200 shares and a total transaction value of 385 million yuan [1] - Tianfu Culture and Tourism (000558) closed at 5.17, down 2.27%, with a trading volume of 516,000 shares and a total transaction value of 265 million yuan [2] Capital Flow Analysis - The tourism and scenic spots sector experienced a net outflow of 115 million yuan from main funds, while retail investors saw a net inflow of 111 million yuan [2] - Main funds showed a net inflow of 27.41 million yuan for Changzi Mountain (660209), while Dalian Shengya (600593) had a net outflow of 16.77 million yuan [3] - Yunnan Tourism (002059) recorded a net inflow of 13.34 million yuan from main funds, despite a net outflow from retail investors [3]

Market Overview - The Shanghai Composite Index rose by 1.32% on October 9, with 23 industries experiencing gains, led by non-ferrous metals and steel, which increased by 7.60% and 3.38% respectively [1] - The media and real estate sectors saw the largest declines, with drops of 1.43% and 1.39% respectively [1] Capital Flow - The main capital flow showed a net outflow of 19.966 billion yuan across the two markets, with 12 industries seeing net inflows [1] - The non-ferrous metals industry led the net inflow with 5.361 billion yuan, followed by the construction and decoration industry, which had a net inflow of 1.868 billion yuan and a daily increase of 2.17% [1] Social Services Sector - The social services industry declined by 1.03%, with a net outflow of 872 million yuan, comprising 79 stocks, of which 23 rose and 56 fell, including one stock hitting the daily limit down [2] - The top net inflow stocks in the social services sector included Huace Testing with 53.87 million yuan, Zhonggang Tianyuan with 45.16 million yuan, and Lihua Kechuang with 19.76 million yuan [2][4] - The stocks with the largest net outflows included Doushen Education, Xiyu Tourism, and Songcheng Performing Arts, with outflows of 139.39 million yuan, 98.85 million yuan, and 72.90 million yuan respectively [2][4]

Core Insights - During the National Day and Mid-Autumn Festival holiday, Songcheng Performance achieved record-breaking performance metrics across its venues, with nearly 3 million visitors and 510 shows held nationwide [1] Group 1: Performance Metrics - Songcheng Performance's large-scale musical "Xi'an Qian Guqing" held 20 shows in a single day and a total of 106 shows during the holiday, setting new records for both daily performance and visitor numbers in Xi'an [1] - "Songcheng Qian Guqing" performed 82 shows during the holiday, marking a new record for the Golden Week [1] - "Guangdong Qian Guqing" had 55 shows with a 96% walk-in rate, while "Shanghai Qian Guqing" saw a 40% increase in performances compared to the same period last year [1] Group 2: Regional Highlights - "Guilin Qian Guqing" became the most performed and highest visitor-receiving large-scale tourism performance in its region [1] - Zhangjiajie Qian Guqing Scenic Area and Tanhe Ancient City gained national attention by being featured on CCTV [1] Group 3: Cultural Phenomena - The holiday period saw a surge in discussions around veteran actors returning to scenic spots, including TVB actor Jiang Hua and others, indicating a cultural trend that enhances the immersive travel experience [1] - Songcheng Performance is redefining the cultural tourism sector by transforming travel from mere sightseeing to immersive experiences that evoke youthful memories [1]

Core Viewpoint - Songcheng Performance experienced a decline of 1.35% on September 30, with a trading volume of 460 million yuan, indicating a challenging market environment for the company [1] Financing Summary - On September 30, Songcheng Performance had a financing buy-in amount of 91.57 million yuan and a financing repayment of 125 million yuan, resulting in a net financing outflow of 33.86 million yuan [1] - As of September 30, the total financing and securities lending balance for Songcheng Performance was 1.092 billion yuan, with the financing balance at 1.083 billion yuan, accounting for 4.72% of the circulating market value, which is above the 90th percentile level over the past year [1] - The company repaid 29,800 shares in securities lending and sold 44,500 shares on the same day, with a selling amount of 389,800 yuan, while the remaining securities lending volume was 1.054 million shares, with a balance of 9.23 million yuan, also exceeding the 90th percentile level over the past year [1] Business Overview - Songcheng Performance Development Co., Ltd. was established on September 21, 1994, and listed on December 9, 2010, primarily engaged in live performance and tourism services [2] - The main revenue sources include: Hangzhou Songcheng Tourist Area (25.36%), e-commerce service fees (12.56%), and various scenic areas contributing between 1.04% to 9.88% [2] - As of September 19, the number of shareholders was 98,200, an increase of 10.05%, while the average circulating shares per person decreased by 9.13% [2] - For the first half of 2025, the company reported a revenue of 1.08 billion yuan, a year-on-year decrease of 8.3%, and a net profit attributable to shareholders of 400 million yuan, down 27.4% year-on-year [2] Dividend and Shareholding Information - Since its A-share listing, Songcheng Performance has distributed a total of 2.412 billion yuan in dividends, with 917 million yuan distributed over the past three years [3] - As of June 30, 2025, the top ten circulating shareholders included Hong Kong Central Clearing Limited as the second-largest shareholder with 65.52 million shares, an increase of 25.14 million shares from the previous period [3] - Other notable shareholders include E Fund's ChiNext ETF and China Europe Pension Mixed A, with varying changes in their holdings [3]

Core Viewpoint - The company emphasizes the importance of visitor interaction, participation, and immersion in its performances and experiences [1] Group 1: Visitor Engagement Strategies - Since the opening of Hangzhou Songcheng, the company has introduced interactive folk performances like "Throwing the Embroidery Ball" to enhance visitor participation [1] - Over the past thirty years, the company has continuously improved visitor engagement, exemplified by the live performance "Earthquake," where visitors are recruited as actors before each show [1] - The company has implemented various themed NPC interaction points, street performances, and spontaneous clown acts throughout the scenic area to create a fun and surprising experience for visitors [1] Group 2: Commitment to Innovation - The company maintains an open and proactive attitude towards exploring innovative experiences and learning from successful practices [1] - There is a continuous effort to strengthen the immersive and entertaining aspects of the scenic area [1]

Core Viewpoint - Songcheng Performance has enhanced management measures at the Guangdong Qian Guqing Scenic Area to ensure a safe and comfortable environment for visitors [1] Group 1: Safety Measures - Daily safety inspections and professional disinfection of key areas are being conducted in the park [1] - Increased frequency of disinfection in high-contact areas and mosquito breeding environments [1] - All disinfection activities are scheduled to avoid peak visitor times to minimize disruption [1] Group 2: Visitor Services - Installation of mosquito lamps and improved drainage systems are part of the management enhancements [1] - Free mosquito repellent is provided to visitors as an additional service [1]