Core Viewpoint - Songcheng Performance announced on August 18 that the company will utilize idle self-owned funds for investment and wealth management, with a limit of up to 3 billion yuan for the year 2025 [1] Group 1 - The investment decision was approved by the company's board of directors [1] - The current implementation focuses on bank principal-protected and extremely low-risk deposit/wealth management products to ensure the safety and steady appreciation of funds [1]

证券日报网讯宋城演艺8月18日在互动平台回答投资者提问时表示，截至2025年8月8日，公司含信用账 户合并股东总户数为86193户。 （文章来源：证券日报） ...

证券日报网讯宋城演艺8月18日在互动平台回答投资者提问时表示，公司高度重视企业经营管理，持续 专注主业发展，不断夯实核心竞争力，同时也结合自身情况做好市值管理工作。 （文章来源：证券日报） ...

Group 1 - The company, Songcheng Performance, is actively targeting the foreign visitor market through various strategies [2] - Online strategies include leveraging overseas influencers for content exposure, simplifying the ticket purchasing process, and offering special ticket types for foreign visitors [2] - Offline efforts focus on enhancing market promotion and product exposure, as well as increasing advertising touchpoints related to accommodation, dining, and shopping [2]

Core Viewpoint - Emei Mountain Tourism Co., Ltd. reported a decline in revenue and net profit for the first half of 2025, attributed to a decrease in visitor numbers and ongoing losses from its major cultural tourism project, "Only Emei Mountain" [1][2][4]. Financial Performance - Emei Mountain Tourism achieved revenue of 457 million yuan, a year-on-year decrease of 10.07% [1] - The net profit attributable to shareholders was 121 million yuan, down 8.48% year-on-year [1] - The number of visitors to Emei Mountain Scenic Area was 2.0952 million, a decline of 6.5%, equivalent to a reduction of 146,000 visitors [1] Project Performance - The "Only Emei Mountain" project, with a total investment of over 800 million yuan, recorded a net loss of 16.138 million yuan during the reporting period [1][4] - The project has accumulated losses of approximately 600 million yuan over five and a half years, with continuous losses reported since its establishment [7] - The project was suspended from June 15, 2025, due to difficulties in funding and operational challenges [4][7] Business Operations - The main revenue-generating segments (mountain tickets, cable car services, and hotel services) saw declines of 9.53%, 7.51%, and 12.13% respectively, accounting for 85.36% of total revenue [2] - Other business segments, including tea, smart tourism, and performances, generated 66.9447 million yuan, down 15% year-on-year [2] Market Challenges - The project faced challenges in attracting visitors due to its location and the nature of the audience, which primarily consists of older tourists and pilgrimage visitors who may not be interested in theatrical performances [9][10] - The operational model of the "Only" series projects has been criticized for its high costs and lack of effective market consideration, leading to unsustainable financial performance [9][10][12] Industry Insights - Successful tourism cultural performance projects often integrate creative and operational aspects, as seen in other regions, which contrasts with the challenges faced by Emei Mountain's project [11][12] - The tourism and cultural performance market has shown potential for growth, but requires careful planning and execution to ensure profitability and sustainability [11][12]

Core Points - The 2025 "Desert Sea" music festival took place at the Ulan Buh Lake, showcasing the unique natural beauty of Uhuai and enhancing the city's vibrancy and passion [1][2] - The event was organized by the Uhuai Municipal Party Committee's Publicity Department, supported by the Uhuai Municipal Bureau of Culture, Sports, Tourism, and Broadcasting, and executed by Uhuai Cultural Tourism Group and Uhuai Media Cultural Communication Co., Ltd [2] Event Highlights - The music festival featured a creatively designed stage resembling an old-fashioned tape recorder, set against the backdrop of the desert and lake, creating a striking visual impact [1] - The festival included popular songs performed by local artists, with a peak moment marked by a fireworks display that captivated the audience [1][2] - The event attracted over 1,600 visitors across two performances, indicating strong interest and engagement from tourists [2] Future Plans - The "Desert Sea" music festival is set to continue every Saturday evening, aiming to establish itself as a signature attraction for Uhuai tourism [2]

宋城演艺（300144.SZ）8月7日在投资者互动平台表示，公司当前无更名安排，"杭州宋城"景区为公司 千古情景区之一。 （文章来源：每日经济新闻） 每经AI快讯，有投资者在投资者互动平台提问：请问公司是否有更名杭州宋城计划？ ...

Financial Assistance Overview - The company has approved a financial assistance of up to RMB 50 million to its subsidiary, Emei Mountain Cloud Tourism Investment Co., Ltd. (Cloud Travel Investment), to support the daily operations of the "Only Emei Mountain" theater project [1] - The financial assistance will be provided over a period not exceeding 6 years, with interest rates based on the People's Bank of China benchmark lending rate [1] - A second financial assistance of RMB 3.7545 million will be provided for up to two years to cover overdue employee salaries and related costs, with repayment based on the one-year Loan Prime Rate (LPR) [2] Progress of Financial Assistance - As of June 2025, the company has disbursed a total of RMB 50 million in seven installments to Cloud Travel Investment, with amounts ranging from RMB 380,000 to RMB 1.8 million [2] - The overall business performance of the theater project has been below expectations, leading to cash flow difficulties, which raises concerns about the recoverability of the financial assistance [2][3] - The company has requested repayment of RMB 455,000 in interest for the second quarter of 2025, but Cloud Travel Investment has indicated an inability to pay due to the suspension of performances [3] Cumulative Financial Assistance - By the end of June 2025, the total principal amount of financial assistance provided by the company reached RMB 79.5618 million, accounting for 3.04% of the company's latest audited net assets attributable to shareholders [4] - The financial assistance to consolidated subsidiaries accounted for 1.91%, while assistance to non-consolidated entities was RMB 29.5618 million, representing 1.13% of the company's net assets [4] - The company is actively pursuing legal action to recover overdue financial assistance from Yunnan Tianyou Technology Development Co., Ltd., with a favorable ruling obtained from the Sichuan High People's Court [4]

Core Viewpoint - The implementation of the Hainan Free Trade Port will enhance the tourism consumption environment and international tourism attractiveness of Hainan, providing new development opportunities for the Sanya Qian Guqing Scenic Area [1] Company Summary - Songcheng Performance (300144) confirmed that its Sanya Qian Guqing Scenic Area is located within the coverage area of the Hainan Free Trade Port policy [1] - The company anticipates that the official launch of the Hainan Free Trade Port's full island closure operation on December 18, 2025, will optimize the policy framework of "one line open, two lines controlled, and free within the island" [1] Industry Summary - The Hainan Free Trade Port is expected to significantly improve the tourism consumption environment in Hainan, which will likely attract more international tourists [1] - The new policy framework is designed to enhance the overall appeal of Hainan as a tourist destination, potentially benefiting local attractions like the Sanya Qian Guqing Scenic Area [1]

Core Viewpoint - Songcheng Performance (300144) focuses on live performances and tourism services, emphasizing immersive NPC interaction experiences for visitors, with no plans to enter the gaming industry [1] Company Summary - The company is dedicated to enhancing visitor experiences through immersive interactive elements within scenic areas [1] - There are currently no intentions or plans for the company to expand into the gaming sector [1]