宋城演艺：2025年净利同比预降12.75%~32.21%

Core Viewpoint - Songcheng Performance (300144) expects a decline in net profit attributable to shareholders for 2025, projecting between 711 million to 915 million yuan, representing a year-on-year decrease of 12.75% to 32.21% [2] Group 1: Financial Performance - The company anticipates a net profit of 711 million to 915 million yuan for 2025, indicating a significant decline compared to the previous year [2] - The expected decrease in profit is attributed to a reduction in revenue from the company's light asset output business, which is affected by the phased delivery progress [2] Group 2: Business Environment - The company reports good order collection for its light asset output business, but revenue has decreased year-on-year due to various factors [2] - Revenue has experienced a temporary decline due to fluctuations in regional travel conditions and intensified industry competition [2]