300144 Songcheng Performance Development
- 10.69
- -0.17-1.57%
Songcheng Performance Development News
Song Cheng Performing Arts (300144): Annual report dismisses reservations, 24Q1 performance is outstanding
Core view: Incident: The company released its 2023 annual report and 2024 quarterly report. The company's revenue in 2023 was 1,926 billion yuan, up 320.76% year on year; net profit attributable to mother - 110 million yuan, net profit not attributable to mother
CICC: The 24Q1 performance differentiation of tourist attractions is optimistic about the marginal recovery slope for May 1st inbound and outbound tours
Looking ahead to May 1st, the number of domestic travelers is expected to face last year's high base or still have some resilience, but the level of recovery in per capita consumption remains to be seen; we are optimistic about the marginal recovery slope for inbound and outbound travel.
Depth* Company* Songcheng Performing Arts (300144): Main performing arts business is picking up, financial reservations removed
The company released its 2023 annual report and 2024 quarterly report. In '23, the company achieved revenue of 1,926 billion yuan, +320.76% year on year; net profit to mother - 110 million yuan, -130.20% year over year. 24
Song Cheng Performing Arts (300144) 2023 Annual Report and 2024 Quarterly Report Review: New Project Performance Remarkable, Reduced Risk of Impairment
Incident: Songcheng Performing Arts released its 2023 annual report and 2024 quarterly report. Comment: Profit initially recovered in 2023 without considering the profit and loss associated with long-term equity investments. Song Cheng Performing Arts achieved a total operating income of 19 for the full year of 2023.
Song Cheng Performing Arts (300144): Demand for performing arts is picking up, short-term risks cleared
Key elements of the report The company published its 2023 annual report and 2024 quarterly report. In 2023, the company achieved revenue of 1,926 billion yuan (+320.76% YoY), net profit to mother - 110 million yuan, deducted not to mother
Song Cheng Performing Arts (300144): Steady recovery in performance, stock transformation, superposition of new projects, kinetic energy support model iteration
Core view The company received a standard unqualified audit report in 2023. The overall performance in 2023 was affected by the depreciation of the long-term equity investment and long-term investment profit and loss of the holding of Huafang Group Company. If not taken into account, it is the net profit of the mother
Songcheng Performing Arts (300144): Performance of mature projects is picking up, and project growth can be expected during the climbing phase
Incident: The company released its 2023 annual report and 2024 quarterly report on April 25, 2024. In 2023, it achieved revenue of 1,926 billion yuan, an increase of 320.76% over the previous year; net profit loss of 1.10 to mother
Song Cheng Performing Arts (300144): Focus on new and old projects in the main business after eliminating impairment
Incident: The company disclosed its 23 annual report & 2014 quarterly report: 1) Revenue of 1,926 million yuan/year over year +320.8%, net profit attributable to mother - 110 million yuan/year over year - 130.2%, net profit of non-return to mother - 0.
Song Cheng Performing Arts (300144): Main business recovery in 23 years, focus on the growth of new projects
The operation of the main performing arts business picked up, and the depreciation of the flower house was implemented in stages. The 23-year annual report received an unqualified audit opinion. Song Cheng Performing Arts achieved revenue of 1,926 billion yuan (yoy +320.76%) in 23 years, net profit of 110 million yuan to the mother, deducted from the country
Song Cheng Performing Arts (300144): Strong recovery in performing arts, optimistic about the potential of new projects
Incident: Song Cheng Entertainment released its 2023 annual report and 2024 quarterly report. The company's revenue in 2023 was 1,926 million yuan/ +321%/recovered to 74% in 2019, and the net profit loss to mother was 110 million yuan.
Song Cheng Performing Arts (300144): Removing Financial Report Retention Matters to Build Growth Space from New Construction Projects
Investment logic “travel and entertainment+theme park” industry: 1) Domestic tourist traffic will continue to recover from 2023. The number of domestic tourists in 2024 is expected to be +20% compared to 2023, and the travel boom is good, thus providing a good opportunity for park tours and shows
Song Cheng Performing Arts (300144) 2023 Report and 2024 Quarterly Report Reviews: Performance Meets Expectations and Receives Unqualified Audit Opinions
Key investment events: 23Q4/24Q1 results are in line with expectations. Achieved revenue of $1,926 million in 2023, +320.8% year-on-year; net profit loss of 110 million yuan to mother after deducting loss of 0.8 million yuan in net profit of non-return to mother
Dongwu Securities released a research report on April 26 stating that it gave Song Cheng Performing Arts (300144.SZ) an increase in its holdings. The main reasons for the rating include: 1) incident: the 23Q4/24Q1 performance was in line with expectations
Dongwu Securities released a research report on April 26 stating that it gave Song Cheng Performing Arts (300144.SZ) an increase in its holdings. The main reasons for the rating include: 1) incident: the 23Q4/24Q1 performance was in line with expectations; 2) the degree of revenue and profit repair of the main project was divided, and the profit level is expected to be further repaired; 3) the Huafang Changchang Investment matter was basically resolved and an unqualified audit opinion was obtained. (Mainichi Keizai Shimbun)
Song Cheng Performing Arts (300144): Non-standard Audit Opinions Eliminate Significant Growth Rate in the First Quarter
Investment highlights: The company published its 23 annual report and 24 quarterly report, and the performance was in line with expectations. 1) In '23, the company achieved revenue of 1,926 billion yuan, a significant year-on-year increase of 320.76%, and net profit to mother was -110 million yuan, the same
Song Cheng Performing Arts (300144): Unqualified Opinions Eliminate Core Business Profitability Repair
Guide to this report: The removal of unqualified opinions shows that the Huafang review has come to an end, the profitability of the main performing arts industry has been steadily restored, and attention is being paid to the upward progress of new projects. Investment highlights: Investment advice: Considering that new projects are still climbing, downgrade 2024-202
Song Cheng Performing Arts (300144.SZ): Net profit of 250 million yuan in the first quarter increased by 317.33% year-on-year
On April 25, Ge Longhui | Song Cheng Entertainment (300144.SZ) released its first quarter report. Operating revenue was 560 million yuan, up 138.70% year on year, net profit of 250 million yuan, up 317.33% year on year, after deducting non-net profit of 249 million yuan, up 349.07% year on year, with basic earnings of 0.0963 yuan per share.
Songcheng Performing Arts (300144) Company Comment: Strong growth in Q1, looking forward to new projects climbing
Incident: On April 25, '24, the company announced its 23 annual report and quarterly report, with revenue of 1.93 billion yuan/ +320.8%, net profit attributable to mother - 110 million yuan/loss, net profit not attributable to mother - $88.31 million;
Dongwu Securities: Steady increase in domestic travel, significant restoration of outbound travel
The Zhitong Finance App learned that Dongwu Securities released a research report saying that the Ctrip report showed that the popularity of travel during the “May 1st” holiday this year increased steadily from last year's high level. Domestic long-distance travel orders accounted for 56% on the Ctrip platform. Ctrip Car Rental's domestic car rental and self-driving orders increased 40% year over year. The characteristics of long-distance tours and self-driving tours are remarkable. The number of “May Day” outbound travelers increased by about 370% year on year; the popularity of outbound air ticket searches increased sharply by 56% year on year, and inbound travel reservation orders increased 130% year over year. In the first half of April, the number of overseas local guide orders on the Ctrip platform increased 60% year-on-year. It is expected during the “May 1st” period
Songcheng Performing Arts (300144): Leading performing arts leaders are poised to strengthen their ability to expand abroad to enable high growth
Core view: The first performing arts company in China, creating an original “theme park+cultural performing arts” business model. Relying on the two major brands “Songcheng” and “Love Through the Ages”, the company uses specific scenes such as theme parks as carriers to provide visitors with a variety of performing arts repertoire as the core
The tourism sector opened high, and Songcheng led the way in performing arts
The tourism sector opened high, with Songcheng performing arts rising by more than 2%, while Dalian Shengya and Qujiang Cultural Tourism registered the highest gains.
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