Core Viewpoint - Songcheng Performance (300144) indicated that investors should pay attention to the quarterly performance report to be disclosed later [1] Group 1 - The company responded to investor inquiries regarding its third-quarter performance [1]

Core Viewpoint - Songcheng Performance's investment and financial management limit is set at 3 billion yuan, with funds being used in a rolling manner primarily for low-risk bank principal-protected deposits or financial products [1] Group 1 - The company has clarified that there are no instances of shareholder fund occupation [1] - The investment strategy focuses on low-risk financial products to ensure capital safety [1]

Core Insights - The 2025 Rizhao "Initial Light Melody" Super Concert has attracted thousands of music fans from across the country, showcasing the vibrant nightlife of this coastal city [1] - Rizhao's music scene is diverse and dynamic, with various music festivals and concerts happening throughout the year, enhancing the city's cultural landscape [1][2] - The success of the music festival is not only in the performances but also in the meticulous attention to detail in event organization, providing a warm experience for attendees [4][5] Group 1: Event Highlights - The concert featured popular artists and created a communal atmosphere where attendees sang along, reflecting the city's youthful energy [2][3] - The festival serves as both a draw for tourists and a gift to local residents, enhancing community engagement [2][3] - The event coincided with national holidays, allowing ample travel time for attendees and promoting local tourism [5] Group 2: Economic Impact - The music festival significantly boosted local economic activity, with hotel occupancy rates reaching 98% and restaurants experiencing peak demand [5][6] - The integration of music events with local tourism has created a unique economic development model, enhancing the city's cultural and natural appeal [6] - The ongoing music activities are establishing a distinctive "music brand matrix" for Rizhao, attracting a younger demographic and promoting the city's image [6]

Core Viewpoint - Songcheng Performance (300144) reported that as of September 19, 2025, the total number of shareholders, including credit accounts, is 98,187 [1] Summary by Category - **Company Information** - The total number of shareholders for Songcheng Performance, including credit accounts, is 98,187 as of September 19, 2025 [1]

Group 1 - The core viewpoint of the article is that Songcheng Performance (300144) is primarily engaged in research and development related to stage performances, entertainment, and smart scenic areas, with no external investments currently [1] Group 2 - Songcheng Technology in Hangzhou focuses on R&D work associated with stage and performance-related activities [1]

Group 1 - The core viewpoint of the article is that Songcheng Performing Arts has clarified its current investment status regarding its subsidiary, Hangzhou Songcheng Technology Development Co., Ltd. [1] - Hangzhou Songcheng Technology is primarily engaged in research and development related to stage performance, performing arts, and smart scenic areas [1] - Currently, there are no external investments made by Hangzhou Songcheng Technology [1]

Group 1 - The "Youth-Friendly City" initiative in Haidian's Wanshou Road integrates major commercial areas like Wanda Plaza and Huaxi LIVE, offering over 30 youth-centric activities during the holiday period [2] - The AI Art Season, held from October 1 to 7 at Wanda Plaza, showcases AI art from over 30 universities, creating an interactive digital art experience [2] - Huaxi LIVE features the "National Trend Wonderful Tour" with immersive cultural activities, attracting young families and Hanfu enthusiasts [2] Group 2 - Wanda Plaza will host a Tech Electronic Music Festival and a sharing session by the Central National Orchestra, alongside youth sports competitions in judo and shooting [3] - The Children's Charity Market at Wanda Plaza promotes low-carbon consumption among community families, while the Cao Xueqin Cultural Arts Festival at Huaxi LIVE explores cultural landmarks [5]

Core Insights - The article highlights the transformation of Hangzhou's cultural landscape through the establishment of the Wuyue Cultural Museum and the Song Rhythm Grand Show, which aim to revitalize traditional culture and enhance the city's appeal [3][4][6] Group 1: Wuyue Cultural Museum - The Wuyue Cultural Museum, opened in October last year, is designed by Pritzker Prize winner Wang Shu and has quickly become a social media sensation due to its unique architectural language and immersive storytelling [3][4] - The museum features a permanent exhibition titled "Wuyue Qianqiu - The Southeast Paradise during the Five Dynasties and Ten Kingdoms," showcasing 350 artifacts, including 150 first-class cultural relics, with the highlight being the rare secret color porcelain incense burner [4] - Since its opening, the museum has attracted over 350,000 visitors, contributing to a 90% year-on-year increase in foot traffic at the Wuyue Cultural Park [4] Group 2: Song Rhythm Grand Show - The Song Rhythm Grand Show combines live performances and music to create an engaging cultural experience, successfully attracting visitors and stimulating consumption [4][6] - The project has introduced innovative performances such as the "Xizi Bridge" blind box concert and the "Dajing Alley Time Music Concert," with over 68 and 200 performances held respectively since their launch [4][5] Group 3: Cultural Gene Activation Project - The Wuyue Cultural Museum and Song Rhythm Grand Show are part of a broader initiative in Hangzhou to activate cultural genes and enhance the tourism industry through policy guidance and project support [6] - Hangzhou focuses on four cultural identifiers: Liangzhu culture, Song rhythm culture, Wuyue culture, and tea culture, with 35 projects included in the provincial cultural gene activation program [6][7] - The city plans to advance its cultural gene activation project by 2025, aiming to foster cultural innovation and enhance its urban brand through a structured action plan [7]

Core Viewpoint - Songcheng Performance stated that as of September 25, the major shareholders have not reached the standard of holding more than 5% of the company's shares according to the relevant regulations [2] Group 1 - The company responded to investor inquiries on its interactive platform [2] - The regulations referenced are from the Shenzhen Stock Exchange's self-regulatory guidelines regarding share reduction by major shareholders, directors, supervisors, and senior management [2] - The current status indicates that Jin Yan Song Yun has not met the criteria for being classified as a major shareholder [2]

Core Insights - The Dunhuang Research Institute is enhancing visitor experiences at the Mogao Caves while ensuring the preservation of cultural relics [1][3][4] - A balance has been achieved between cultural relic protection and visitor access through improved monitoring and management systems [3][4] - The number of visitors to the Mogao Caves is increasing, prompting the development of new experiences and educational initiatives [4][6] Visitor Experience Enhancements - Visitors must first watch two films at a digital exhibition center 15 kilometers away, which provide historical context and details about the caves [4] - The daily maximum capacity of the Mogao Caves has been increased from 3,000 to 6,000 visitors by optimizing the visitor flow [4][6] - Emergency tickets are available to accommodate high demand, with 12,000 tickets offered during peak seasons [4][6] Technological Integration - The Dunhuang Research Institute has partnered with Tencent and Huawei to create immersive digital experiences, including VR exhibitions and AR applications [8][14] - Digitalization efforts have been made for approximately 300 of the 492 caves, making the cultural heritage more accessible globally [14][16] Cultural Performances - Two major performances, "Again Dunhuang" and "Dunhuang in Motion," provide immersive storytelling experiences related to the Mogao Caves [9][11] - "Dunhuang in Motion" incorporates contemporary music styles and traditional instruments to showcase the artistic heritage of Dunhuang [11][13] Cultural Promotion and Merchandise - The Dunhuang Research Institute is actively promoting Dunhuang culture through exhibitions and cultural spaces, such as the Dunhuang Contemporary Art Museum [14][16] - The establishment of themed bookstores and cafes allows visitors to engage with Dunhuang culture and take home unique souvenirs [16]