（文章来源：证券日报） 证券日报网讯 1月26日，宋城演艺在互动平台回答投资者提问时表示，截至2026年1月20日，公司含信 用账户合并股东总户数为85089户。 ...

编辑 王真真 校对 卢茜 对于报告期内的业绩变动，宋城演艺表示，营业收入有所下滑，一方面是由于轻资产输出业务在手订单 收款良好，但按分阶段交付进度确认的收入同比减少；另一方面，部分项目受区域出行环境波动、行业 竞争加剧等因素影响，收入出现阶段性回落。此外，报告期内的成本费用有所增加，是由于公司为强化 品牌影响力、应对市场竞争，加大了品牌宣传推广力度，广告宣传费用同比增加；另外，为持续丰富演 出内容、强化人才储备，用工成本也相应增加。而受宏观利率环境变化影响，公司利息收入同比有所减 少。 新京报贝壳财经讯 1月24日，宋城演艺披露业绩预告，预计2025年公司营业收入21.5亿元-23.65亿元； 净利润7.11亿元-9.15亿元，同比下降12.75%—32.21%；扣非净利润6.8亿元-8.84亿元，同比下降14.36% —34.12%。 ...

格隆汇1月23日丨宋城演艺(300144.SZ)公布，预计2025年归属于上市公司股东的净利润71,100万元～ 91,500万元，比上年同期下降32.21%～12.75%，扣除非经常性损益后的净利润68,000万元～88,400万 元，比上年同期下降34.12%～14.36%，营业收入215,000万元～236,500万元。 1、营业收入下滑：一方面，轻资产输出业务在手订单收款良好，但按分阶段交付进度确认的收入同比 减少；另一方面，部分项目受区域出行环境波动、行业竞争加剧等因素影响，收入出现阶段性回落。 2、成本费用增加：为强化品牌影响力、应对市场竞争，公司加大品牌宣传推广力度，广告宣传费用同 比增加；为持续丰富演出内容、强化人才储备，用工成本相应增加；受宏观利率环境变化影响，利息收 入同比减少。3、报告期内，非经常性损益对公司净利润影响额约为 3,100 万元。 ...

Group 1 - JunDa Co., Ltd. announced that the comprehensive cost-effectiveness of perovskite photovoltaic technology in extreme space environments remains to be verified [2][5] - The company has invested 30 million yuan to acquire a 16.67% stake in Starwing Chip Energy, but no formal business agreement has been signed for space photovoltaic projects [2][5] - The technology shows potential advantages in lightweight, low cost, and high radiation resistance, but long-term reliability and cost-effectiveness in space are still uncertain [2][5] Group 2 - Aotewei stated that the "space photovoltaic" sector is still in the early exploration and research phase, with significant uncertainties in the industrialization process [3] - The company emphasized that product development to commercial application requires a considerable period, and the impact of related positive expectations on actual operating performance is highly uncertain [3] Group 3 - Tongyu Communications announced its participation in the A1 round financing of Beijing Blue Arrow Hongqing Technology, investing 30 million yuan for a 1.8293% stake [3] - The company will transition from direct to indirect ownership of Hongqing Technology through a partnership agreement [3] Group 4 - Huajin Technology received approval from the China Securities Regulatory Commission for the issuance of H-shares, planning to issue up to 101,573,100 shares [4] - Trina Solar announced a change in the use of remaining raised funds, reallocating 1.7 billion yuan to a new project for distributed smart photovoltaic power station construction [4][5] Group 5 - Yunnan City Investment plans to publicly transfer a 10.5% stake in Qicai Company with a base price of 293 million yuan [6] - Zijin Mining announced the completion of the second phase of the Giant Dragon Copper Mine, increasing production capacity to 350,000 tons per day [6] Group 6 - Shuaifeng Electric expects a net profit loss of 43 million to 62 million yuan in 2025, with potential delisting risk warnings for its stock [7] - Anqi Yeast plans to invest 222 million yuan in a green manufacturing project for yeast products with an annual output of 12,000 tons [7] Group 7 - Zhengzhou Coal and Electricity announced the cessation of production at the Chaohua Coal Mine due to resource depletion and safety risks, expecting a 311 million yuan impairment loss [8] - Oujing Technology announced partial production line shutdowns at its subsidiaries to reduce losses and operating costs [8] Group 8 - North Car Blue Valley plans to invest in the construction of a high-end platform model industrialization and digital upgrade project with a total investment of 1.991 billion yuan [9] - Jingzhida signed a significant contract worth 1.311 billion yuan for semiconductor testing equipment [9] Group 9 - Yanghe Co. announced a cash dividend plan for 2025-2027, committing to distribute no less than 100% of net profit each year [10] - Yanghe Co. also projected a net profit decline of 62.18% to 68.30% for 2025 due to market adjustments and increased channel inventory [10] Group 10 - Huitong Energy expects a net profit decrease of 69.51% to 75.82% for 2025, primarily due to the absence of non-recurring income from property relocation rewards [11] - Dahua Co. reported a net profit increase of 32.65% for 2025, driven by business optimization and cost control [12] Group 11 - Hangzhou Bank reported a net profit increase of 12.05% for 2025, maintaining a stable non-performing loan ratio [12] - Aotejia expects a net profit increase of 41.85% to 79.67% for 2025, supported by sales growth and cost control measures [12] Group 12 - Shenke Co. anticipates a net profit increase of 65.75% to 98.9% for 2025, benefiting from overseas strategy and revenue growth [13] - Pioneering Technology expects a net profit increase of 50.82% to 109.21% for 2025, driven by product technology iterations and market expansion [13] Group 13 - Shanchuang Technology expects a net profit increase of 81.77% to 134.78% for 2025, fueled by demand for enterprise-level storage products [14] - Anshuo Information anticipates a net profit increase of 52.44% to 98.83% for 2025, with government subsidies contributing to the growth [14] Group 14 - Zhongwei Company expects a net profit increase of 28.74% to 34.93% for 2025, driven by increased customer recognition of its plasma etching equipment [15] - Jingfang Technology anticipates a net profit increase of 44.41% to 52.32% for 2025, benefiting from the automotive industry's growth [16] Group 15 - Fuda Alloy expects a net profit increase of 119.14% to 219.95% for 2025, driven by strong demand in emerging applications [17] - Feirongda anticipates a net profit increase of 57.23% to 83.43% for 2025, supported by stable growth in communication and cooling business [17] Group 16 - Licheng Performing Arts expects a net profit decrease of 12.75% to 32.21% for 2025, impacted by regional travel environment fluctuations [22] - Lisheng Pharmaceutical anticipates a net profit increase of 116.77% to 138.44% for 2025, driven by market expansion and product sales [23] Group 17 - JMC reported a net profit decrease of 22.71% for 2025, despite a 2.07% increase in total revenue [27] - Daoshi Technology expects a net profit increase of 206.01% to 269.76% for 2025, driven by overseas business expansion [28] Group 18 - Jin Kai New Energy plans to repurchase shares worth 500 million to 600 million yuan, with a maximum repurchase price of 7.5 yuan per share [29] - Longyun Co. announced a stock suspension due to plans to acquire a 58% stake in Yuheng Film Industry [30]

智通财经APP讯，宋城演艺(300144.SZ)披露2025年度业绩预告，公司预计归属于上市公司股东的净利润 7.11亿元至9.15亿元，同比下降12.75%至32.21%;扣除非经常性损益后的净利润6.8亿元至8.84亿元，同比 下降14.36%至34.12%。 ...

每经AI快讯，宋城演艺(300144)1月23日披露业绩预告，预计2025年实现归母净利润7.11亿元~9.15亿 元，同比下降12.75%~32.21%。报告期内，公司轻资产输出业务在手订单收款良好，但按分阶段交付进 度确认的收入同比减少；部分项目受区域出行环境波动、行业竞争加剧等因素影响，收入出现阶段性回 落。 （文章来源：每日经济新闻） ...

Core Viewpoint - Songcheng Performance (300144) expects a decline in net profit attributable to shareholders for 2025, projecting a range of 711 million to 915 million yuan, representing a year-on-year decrease of 12.75% to 32.21% [1] Group 1: Financial Performance - The company anticipates a net profit of 711 million to 915 million yuan for 2025 [1] - This forecast indicates a significant year-on-year decline in profitability [1] Group 2: Business Operations - The company's light asset output business has good order collection, but revenue recognition has decreased year-on-year due to phased delivery progress [1] - Certain projects have experienced a temporary revenue decline due to fluctuations in regional travel conditions and intensified industry competition [1]

Financial Projections - The estimated net profit attributable to shareholders for 2025 is projected to be between ¥71,100,000 and ¥91,500,000, representing a decrease of approximately 32.21% to 12.75% compared to the previous year[5]. - The estimated net profit after deducting non-recurring gains and losses is expected to be between ¥68,000,000 and ¥88,400,000, reflecting a decline of about 34.12% to 14.36% year-over-year[5]. - The estimated operating revenue for 2025 is projected to be between ¥215,000,000 and ¥236,500,000, down from ¥241,727,010 in the previous year[5]. Revenue Decline Factors - The decline in revenue is attributed to reduced income from light asset output business and the impact of regional travel environment fluctuations and intensified industry competition[7]. - Increased costs are due to heightened brand promotion efforts, rising labor costs for enriching performance content, and decreased interest income due to macroeconomic interest rate changes[8]. - Non-recurring gains and losses are expected to impact net profit by approximately ¥31,000,000 during the reporting period[9]. Strategic Initiatives - The company plans to upgrade and expand the Hangzhou Songcheng project to enhance visitor capacity and per capita spending, transitioning from a single scenic area to a comprehensive cultural tourism cluster[9]. - A "central kitchen" base will be established in Hangzhou Songcheng to provide stable content supply and efficient project replication across various scenic spots[9]. - The company aims to optimize its marketing strategies and promotional systems, focusing on quality improvement and value creation to drive growth[9]. Financial Reporting - The financial data presented is preliminary and has not been audited, with the final figures to be confirmed in the 2025 annual report[10].

Core Viewpoint - The cultural tourism consumption in China is rapidly shifting from traditional sightseeing to immersive cultural experiences, driven by the younger consumer demographic that values emotional engagement and personalized, interactive performances [1][8]. Overview - Cultural tourism performances leverage specific regional natural landscapes, cultural heritage, and folk customs to provide immersive cultural experiences through artistic stage presentations and interactive designs [2][3]. Market Policies - The Chinese government has implemented various policies to support the development of the cultural tourism performance industry, creating a favorable environment for growth [5][6]. Industry Chain - The upstream of the cultural tourism performance industry includes venue resource suppliers, IP copyright holders, and performance equipment suppliers, while the midstream consists of service providers, and the downstream includes ticket sales channels and end consumers [6][7]. Current Development - The cultural tourism performance sector is evolving, with a projected audience of 95.7 million by 2025, reflecting a 12.1% year-on-year increase, and ticket revenue expected to reach 18.7 billion yuan, a 14.0% increase [1][9]. Competitive Landscape - The market is fragmented, with a CR10 market share of only 26.3% in 2024. Song City Performing Arts has established itself as a leader through its unique business model and high gross profit margins [10][11]. Development Trends - Future innovations in cultural tourism performances will be driven by digital technologies, enhancing immersive experiences and integrating local cultural elements into performance content [12][13][14][15].

Core Viewpoint - Songcheng Performance (300144) is undergoing internal rectification and upgrades at the Hangzhou Songcheng scenic area, with plans for expansion and renovation to create a more comprehensive performance resort area [1] Group 1 - The overall construction period for the project is approximately two years, assuming no unforeseen factors arise [1] - The upgraded area will feature richer content layers, longer experience times, and improved service facilities [1]