Core Viewpoint - Songcheng Performance plans to launch a series of themed activities during major holidays such as New Year's Day and Spring Festival, aiming to provide unique cultural tourism experiences that convey festive blessings to visitors [2] Group 1 - The company emphasizes the importance of holiday-themed events to enhance visitor experience [2] - The activities are designed to align with the festive themes, creating a warm atmosphere for guests [2]

Core Viewpoint - The company has developed a unique business model combining "theme parks + cultural performances," which serves as the core of its ongoing growth and development [2] Group 1: Business Strategy - The company is optimistic about the long-term prospects of the cultural tourism market, expecting both volume and price to rise [2] - The company aims to deepen its commitment to the performance arts, focusing on increasing the number of projects, visitor scale, and operational performance [2]

（文章来源：证券日报） 证券日报网讯宋城演艺11月13日在互动平台回答投资者提问时表示，公司轻资产项目一揽子服务费用参 考市场价格，由公司与业主方协商确定，不涉及评估。 ...

Core Viewpoint - Songcheng Performance stated that as of October 31, 2025, the total number of shareholders, including credit accounts, is expected to reach 87,209 [2] Summary by Category - **Company Information** - The company has provided an update on its shareholder count, indicating a significant engagement with investors [2] - The total number of shareholders is projected to be 87,209, which reflects the company's growth and investor interest [2] - **Industry Context** - The increase in shareholder numbers may suggest a positive trend in the entertainment and performance industry, indicating potential growth opportunities [2] - The company's focus on expanding its shareholder base could be a strategic move to enhance its market presence and investor relations [2]

Group 1 - The core viewpoint of the article is that Songcheng Performance (300144) clarified its operational model regarding the "Three Gorges Eternal Love" project, indicating it operates under a light asset model and does not consolidate financial statements for this project [1] Group 2 - The "Three Gorges Eternal Love" project is described as a light asset project managed under a package service agreement, emphasizing its non-consolidation in financial reporting [1]

Core Viewpoint - The phenomenon of industry competition is described as temporary and phase-based, with the company focusing on long-term sustainable development and core competencies in performing arts [1] Group 1: Company Strategy - The company aims to deeply focus on its main performing arts business [1] - Continuous upgrades of performance content, optimization of hardware facilities, and enhancement of scenic quality are key strategies [1] - The company seeks to attract and reward tourists through high-quality performing arts products and unique cultural tourism experiences [1] Group 2: Industry Positioning - The company is committed to building and enhancing product barriers to solidify its position in the industry [1]

Core Viewpoint - The company reported a decline in revenue and net profit for the first three quarters, primarily due to the timing of revenue recognition in its light asset business and the impact of the overall consumption environment, regional tourism market changes, and competition [1] Group 1: Financial Performance - Revenue decreased year-on-year, influenced by the revenue recognition schedule of light asset projects and external market conditions [1] - Net profit declined due to reduced revenue and a temporary increase in costs and expenses [1] Group 2: Strategic Initiatives - The company plans to steadily advance existing light asset projects and strictly adhere to revenue recognition standards [1] - Efforts are being made to enhance the attractiveness of scenic spots through hardware upgrades, content innovation, and targeted marketing [1] - Investments in talent acquisition, content updates, and brand building are seen as necessary measures to respond to market changes and strengthen competitiveness [1] Group 3: Future Outlook - The company aims to optimize marketing strategies, strengthen resource collaboration, and drive content diversification and traffic conversion to promote sustainable growth [1]

Core Viewpoint - The company emphasizes enhancing its intrinsic value through core business development, strengthening core competitiveness, and optimizing operational quality to ensure sustainable growth [1] Group 1 - The company is committed to improving management practices to continuously enhance operational quality [1] - The company aims to accumulate long-term value for its stakeholders [1] - The company is focused on actively rewarding investors [1]

Core Viewpoint - Songcheng Performance emphasizes a systematic approach to project development, considering multiple factors such as geographical location, infrastructure, market base, and cost-effectiveness in site selection and market research [1] Group 1 - The company will conduct comprehensive site analysis and market research for new project development [1] - Future project plans will adhere strictly to regulatory disclosure requirements [1]

证券日报网讯 宋城演艺11月13日在互动平台回答投资者提问时表示，花房集团经营基本保持稳定，利 润规模很小，对公司财务状况影响很小。公司目前持有花房集团35.35%股权，采用长期股权投资权益 法核算，其账面价值接近按持股比例计算的可辨认净资产份额，未发现减值迹象。花房集团目前仍在推 进摘牌后的相关工作，公司将与其他股东保持好沟通，在合适的时候对持有的股权做恰当的处理。 （编辑 袁冠琳） ...