截至发稿，宋城演艺市值为237亿元。 每经头条（nbdtoutiao）——"9·24"一周年，A股总市值破116万亿元！四大变革重塑中国资本市场新生 态 （记者 曾健辉） 每经AI快讯，宋城演艺（SZ 300144，收盘价：9.02元）9月24日晚间发布公告称，公司第九届第三次董 事会会议于2025年9月24日在公司会议室以现场结合通讯的方式召开。会议审议了《关于调整2023年限 制性股票激励计划第二类限制性股票授予价格的议案》等文件。 2025年1至6月份，宋城演艺的营业收入构成为：文化艺术业-现场演艺行业占比78.58%，旅游服务业行 业占比17.26%，其他业务占比4.17%。 ...

Core Viewpoint - The company reported strong financial performance for 2024, with revenue of 2.417 billion yuan, a year-on-year increase of 25.5%, and a net profit of 1.049 billion yuan, marking a return to profitability [1]. Financial Performance - In Q1 2025, the company achieved revenue of 561 million yuan, a slight increase of 0.3% year-on-year, with a net profit of 246 million yuan, down 2.2% year-on-year [1]. - The gross profit margin for 2024 was 67.6%, up 1.3 percentage points year-on-year, while the gross profit margin for Q1 2025 was 68.1%, down 0.7 percentage points year-on-year [2]. - The company maintained a high cash dividend payout ratio of 50.01% in 2024 [3]. Project Performance - New projects showed strong performance, with the Foshan project achieving profitability in its opening year, exceeding expectations [1]. - The Xi'an project experienced high demand, with a 178% year-on-year revenue increase, leading to significant profitability [1]. - Existing projects faced mixed results due to increased competition and local regulations, with revenue declines in Hangzhou, Sanya, and Lijiang, while Guilin and Jiuzhai projects saw revenue growth of 7.94% and 8.36% respectively [1]. Strategic Focus - The company plans to continue focusing on its core business of live performances, aiming to expand customer coverage and enhance visitor conversion rates [3]. - A new light-asset project in Qingdao is set to open in July 2026, indicating ongoing expansion efforts [3]. Profit Forecast and Valuation - The company has adjusted its net profit forecasts for 2025 and 2026 to 1.14 billion yuan and 1.325 billion yuan, respectively, reflecting a downward revision of 9.7% and 6.3% [3]. - The estimated earnings per share (EPS) for 2025, 2026, and 2027 are projected to be 0.43 yuan, 0.51 yuan, and 0.55 yuan, respectively, with corresponding price-to-earnings (PE) ratios of 22, 19, and 17 times [3].