证券代码：300144 证券简称：宋城演艺 公告编号：2024-056 宋城演艺发展股份有限公司 第八届监事会第十三次会议决议公告 1 公告》（公告编号：2024-057）。 本公司及监事会全体成员保证公告内容真实、准确和完整，没有虚假记载、误导 性陈述或重大遗漏。 一、监事会会议召开情况 宋城演艺发展股份有限公司（以下简称"公司"）第八届监事会第十三次会 议于 2024 年 11 月 15 日在公司会议室以通讯的方式召开。本次会议由监事会主 席祝华鹭女士主持，会议应到监事 3 人，实到监事 3 人。本次监事会会议通知已 于 2024 年 11 月 15 日以电话方式通知全体监事，经全体监事一致同意，本次监 事会豁免会议通知时限要求。本次会议召开符合《中华人民共和国公司法》和《公 司章程》的相关规定，合法有效。 二、监事会会议审议情况 （一）审议通过了《关于 2023 年限制性股票激励计划调整回购价格及回购 注销部分第一类限制性股票的议案》 经审核，公司监事会认为：因公司实施 2023 年年度权益分派方案，对本次 激励计划第一类限制性股票回购价格进行相应调整，符合《上市公司股权激励管 理办法》（以下简称"《管 ...

证券代码：300144 证券简称：宋城演艺 公告编号：2024-059 宋城演艺发展股份有限公司 监事会关于 2023 年限制性股票激励计划 首次授予部分第一个解除限售期解除限售名单的核查意见 本公司及监事会全体成员保证公告内容真实、准确和完整，没有虚假记载、误导性 陈述或重大遗漏。 宋城演艺发展股份有限公司（以下简称"公司"）于 2024 年 11 月 15 日分 别召开第八届董事会第二十次会议及第八届监事会第十三次会议，审议通过了 《关于 2023 年限制性股票激励计划第一类限制性股票首次授予部分第一个解除 限售期解除限售条件成就的议案》。根据《中华人民共和国公司法》（以下简称 "《公司法》"）、《上市公司股权激励管理办法》（以下简称"《管理办法》"） 等有关法律法规和规范性文件以及《公司 2023 年限制性股票激励计划》（以下 简称"本激励计划"或"《激励计划》"）等相关规定。监事会对本激励计划首 次授予部分第一个解除限售期解除限售名单进行审核，发表核查意见如下： 1、公司符合《激励计划》规定的实施股权激励计划的情形，具备实施股权 激励计划的主体资格，符合《激励计划》《管理办法》中对第一个解除限售期解 ...

宋城演艺发展股份有限公司 2023 年限制性股票 激励计划第一类限制性股票首次授予部分 第一个解除限售期解除限售条件成就相关事项 之 独立财务顾问报告 证券简称：宋城演艺 证券代码：300144 上海荣正企业咨询服务（集团）股份有限公司 关于 2024 年 11 月 | 一、释义 3 | | | --- | --- | | 二、声明 5 | | | 三、基本假设 6 | | | 四、本次股权激励计划的审批程序 | 7 | | 五、独立财务顾问意见 | 8 | | （一）2023 | 年限制性股票激励计划首次授予部分第一类限制性股票第一个解除 | | 限售期解除限售条件成就的情况 | 8 | | （二）本次第一类限制性股票可解除限售的具体情况 10 | | 一、 释义 | 宋城演艺、公司、 | 指 | 宋城演艺发展股份有限公司（含下属子公司） | | --- | --- | --- | | 上市公司 | | | | 本激励计划、本计 | 指 | 2023 年限制性股票激励计划 | | 划 | | | | 独立财务顾问、财 务顾问 | 指 | 上海荣正企业咨询服务（集团）股份有限公司 | | 限制性股票 | 指 ...

上海君澜律师事务所 关于 宋城演艺发展股份有限公司 2023 年限制性股票激励计划 调整第一类限制性股票回购价格、 回购注销部分第一类限制性股票及 调整第一类限制性股票回购价格、 回购注销部分第一类限制性股票及 首次授予部分第一个解除限售期解除限售条件成就 之 法律意见书 二〇二四年十一月 上海君澜律师事务所 法律意见书 上海君澜律师事务所 关于宋城演艺发展股份有限公司 2023 年限制性股票激励计划 首次授予部分第一个解除限售期解除限售条件成就之 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、回购注销部分第一类限制性 ...

第八届董事会第二十次会议决议公告 本公司及董事会全体成员保证公告内容真实、准确和完整，没有虚假记载、误导 性陈述或重大遗漏。 一、董事会会议召开情况 宋城演艺发展股份有限公司（以下简称"公司"）第八届董事会第二十次会 议于 2024 年 11 月 15 日在公司会议室以通讯的方式召开。本次会议由董事长张 娴女士主持，会议应到董事 9 人，实到董事 9 人，公司监事和高级管理人员列席 了会议。本次董事会会议通知已于 2024 年 11 月 15 日以电话方式通知全体董事， 经全体董事一致同意，本次董事会豁免会议通知时限要求。本次会议召开符合《中 华人民共和国公司法》和《公司章程》的相关规定，合法有效。 经与会董事认真讨论，审议了以下议案： 二、董事会会议审议情况 （一）审议通过了《关于 2023 年限制性股票激励计划调整回购价格及回购 注销部分第一类限制性股票的议案》 鉴于公司 2023 年年度权益分派的实施，根据《上市公司股权激励管理办法》 （以下简称"《管理办法》"）、公司《2023 年限制性股票激励计划（草案）》 （以下简称"《激励计划》"）的有关规定以及公司 2023 年第一次临时股东大 会对董事会的授 ...

Investment Rating - The report maintains a "Buy" rating for the company, indicating a positive outlook for future performance [3]. Core Views - The company reported a revenue of 20.13 billion yuan and a net profit of 10.08 billion yuan for the first three quarters of 2024, reflecting a year-on-year increase of 24.5% and 28.0% respectively. However, Q3 2024 saw a decline in revenue and net profit by 4.7% and 5.5% year-on-year [1]. - The performance of nurturing projects was strong, with notable achievements in various locations, while existing projects showed mixed results due to high base effects from the previous year and other external factors [1][2]. - The company anticipates a recovery in revenue for existing projects in Q4 2024, as the year-on-year comparison becomes more favorable [2]. Summary by Sections Financial Performance - In Q3 2024, the company's gross margin was 75.6%, down 2.1 percentage points year-on-year, primarily due to negative effects from revenue scale. The net profit margin for Q3 was 54.7%, a decrease of 0.5 percentage points year-on-year [2]. - The company expects to leverage its "performance + scenic area" advantage to enhance growth in existing projects and continue the upward trajectory of nurturing projects [2]. Profit Forecast and Valuation - The profit forecasts for 2024-2026 have been revised downwards to 10.78 billion yuan, 12.63 billion yuan, and 14.14 billion yuan, representing reductions of 2.5%, 8.1%, and 8.3% respectively. The current stock price corresponds to an EPS of 0.41, 0.48, and 0.54 yuan for 2024-2026, with P/E ratios of 23, 20, and 17 times [3].

Investment Rating - The investment rating for the company is "Buy" [4] Core Views - The company's revenue slightly missed expectations, while profits met expectations. There is a recovery in core performances in October, with a focus on the recovery and progress of the travel agency industry in the long term [1][3] Financial Summary - Revenue for 2022 was 458 million, projected to increase to 1,926 million in 2023, and further to 2,423 million in 2024, reflecting a growth rate of 320.8% year-on-year [2] - Net profit attributable to the parent company was -48 million in 2022, expected to reach -110 million in 2023, and projected to turn positive at 1,053 million in 2024, indicating a significant recovery [2] - Earnings per share (EPS) is forecasted to be -0.02 in 2022, -0.04 in 2023, and is expected to rise to 0.40 in 2024 [2] - The return on equity (ROE) is projected to improve from -0.6% in 2022 to 13.2% in 2024 [2] Performance Insights - In the first three quarters of 2024, the company achieved revenue of 2 billion, a year-on-year increase of 24.46%, with a gross profit of 1.4 billion, up 25.18% [3] - The core performances in October showed a recovery to 80% of 2019 levels and 115% of 2023 levels, indicating a significant improvement compared to previous months [3] - The company is focusing on the recovery of the travel agency industry and the profitability of key projects in the future [3] Target Price - The target price has been adjusted to 11.52 yuan, reflecting a 9% increase from previous estimates [3][4]

宋城演艺发展股份有限公司 关于 2023 年限制性股票激励计划第二类限制性股票 归属结果暨股份上市的公告 本公司及董事会全体成员保证公告内容真实、准确和完整，没有虚假记 载、误导性陈述或重大遗漏。 证券代码：300144 证券简称：宋城演艺 公告编号：2024-054 重要内容提示： 1、本次归属日：2024 年 11 月 1 日； 2、本次归属股份的上市流通日：2024 年 11 月 1 日； 3、本次归属的第二类限制性股票数量为 2,196,400 股，归属人数 296 人； 4、本次归属的第二类限制性股票的来源为公司向激励对象定向发行本公司 A 股普通股股票； 5、本次归属的第二类限制性股票的授予价格为 6.26 元/股（调整后）； 6、本次归属的第二类限制性股票无其他限售安排。 宋城演艺发展股份有限公司（以下简称"公司"）于 2024 年 10 月 14 日分别 召开第八届董事会第十八次会议和第八届监事会第十一次会议，审议通过《关于 2023 年限制性股票激励计划第二类限制性股票首次授予部分第一个归属期归属 条件成就的议案》，近日公司在中国证券登记结算有限责任公司深圳分公司办理 了第二类限制性股票归属 ...

Investment Rating - The investment rating for the company is "Outperform the Market" [2] Core Insights - The company reported a revenue of 20.13 billion yuan for the first three quarters of 2024, representing a year-on-year growth of 24.5%, with a net profit attributable to shareholders of 10.08 billion yuan, up 28.0% year-on-year [6] - In Q3 2024, the company achieved a revenue of 8.36 billion yuan, a decline of 4.7% year-on-year, and a net profit of 4.57 billion yuan, down 5.6% year-on-year [6] - The company has shown strong performance in its cultivation projects, particularly in Xi'an and Foshan, while mature projects have maintained good revenue despite facing challenges [7] Financial Performance Summary - For 2024, the company is expected to achieve a net profit of 10.79 billion yuan, with a year-on-year growth of 1083.3% [8] - The projected earnings per share (EPS) for 2024, 2025, and 2026 are 0.41 yuan, 0.48 yuan, and 0.52 yuan respectively [8] - The company's gross profit margin for the first three quarters of 2024 was 71.9%, an increase of 0.4 percentage points year-on-year [6] Revenue and Profit Forecast - The company’s revenue is projected to grow from 19.26 billion yuan in 2023 to 23.99 billion yuan in 2024, reflecting a year-on-year increase of 24.6% [9] - The net profit is expected to rise significantly from a loss of 110 million yuan in 2023 to a profit of 1.08 billion yuan in 2024 [9] Cost and Expense Analysis - The selling, general, and administrative expenses have increased, with the selling expense ratio at 5.4%, management expense ratio at 5.0%, and R&D expense ratio at 1.3% for Q3 2024 [7] - The increase in selling expenses is attributed to higher advertising investments across various scenic spots [7] Market Position and Valuation - The company is considered one of the few listed firms in the industry with replicable expansion capabilities, with a target price range of 10.25 yuan to 12.30 yuan per share based on a PE ratio of 25-30 times for 2024 [8]

Investment Rating - The investment rating for the company is "Buy" with a market price of RMB 9.83 and a sector rating of "Outperform" [1][3]. Core Insights - The company's Q3 performance showed a slight decline due to high base effects from previous year, with revenue of RMB 836 million, down 4.69% year-on-year, and net profit of RMB 457 million, down 5.54% year-on-year. However, new projects are expected to contribute positively to future performance, maintaining the "Buy" rating [3][4]. - The company achieved a total revenue of RMB 2.013 billion for the first three quarters of 2024, representing a year-on-year increase of 24.46%, and a net profit of RMB 1.008 billion, up 28.04% year-on-year [3][4]. - The company has seen strong performance from new projects, with significant audience turnout during the National Day holiday, where 13 scenic spots received 2.6 million visitors, a 59.7% increase year-on-year [3][4]. Summary by Sections Financial Performance - Q3 2024 revenue was RMB 836 million, down 4.69% year-on-year, while net profit was RMB 457 million, down 5.54% year-on-year. The first three quarters of 2024 saw revenue of RMB 2.013 billion, up 24.46%, and net profit of RMB 1.008 billion, up 28.04% [3][4]. - The company adjusted its EPS forecasts for 2024-2026 to RMB 0.44, 0.50, and 0.66, with corresponding P/E ratios of 22.4, 19.8, and 17.6 [4][3]. Project Performance - Existing projects showed mixed results, with some underperforming compared to last year, while new projects like the West Xi'an project and the Three Gorges project have performed exceptionally well, indicating strong growth potential [3][4]. - The company plans to focus on its core business and may consider divesting its stake in Huafang Group, which has a low impairment risk [3][4]. Market Position - The company has a total market capitalization of RMB 25.759 billion and a circulating share count of 2,351.39 million [2][3]. - The company is positioned well within the tourism and scenic area sector, with a strong recovery in visitor numbers and performance metrics [3][4].