宋城演艺：收购宋城实业股权事宜已经公司股东会审议通过并已办理工商登记变更

Core Viewpoint - Songcheng Performance announced that Huafang Group, as an associate company, will recognize investment income based on equity method accounting, with an expected investment income of 11.54 million yuan confirmed in the Q3 2025 report [2] Group 1 - The acquisition of Songcheng Industrial's equity has been approved by the company's shareholders and the business registration change has been completed [2] - The acquisition is classified as a merger of enterprises under common control and will not result in goodwill [2] - The company adheres to the "Enterprise Accounting Standards" and conducts annual impairment testing on long-term equity investments and other assets [2]