Today, many companies have successively released their 2023 performance forecasts, so let's take a look at Songcheng Performing Arts today.
Revenue: $18,500 million $20,500,000, compared to $45,781 in the same period last year500,000 yuan, a year-on-year increase of 30409%-347.78%。
Based on this, the revenue in the fourth quarter is estimated to be in 23.2 billion yuan-43.2 billion yuan, 07 billion yuan, an increase of 23143%-517.14%, higher than the 217 in the third quarter32%。
Net profit attributable to shareholders of the listed company: loss 9,7000,000,000 18,200000,000 yuan.
Profit in the same period last year: 965800,000 yuan, which is mainly the investment income and impairment loss formed by the long-term equity investment of Huafang Group Company, if the impairment is not considered, the net profit attributable to shareholders of the listed company is expected to be a profit of 750000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000
This is an increase of 7665 over the same period last year58%-9218.70%。
Based on this, the net profit in the fourth quarter is estimated to be -037-1.1.3 billion yuan, -06.6 billion yuan, the loss narrowed significantly.
The company mentioned in the performance forecast that during the reporting period, cultural and tourism consumption ushered in a recovery, the company's scenic spots resumed business one after another, and the number of operating days, tourists, operating income and gross profit of the main performing arts business increased significantly compared with the same period last year.
Thanks to the continuous counter-cyclical investment in the early stage, the company's scene layout of various scenic spots has been continuously adjusted and optimized, and the product content has been continuously enriched and upgraded.
With the recovery of cultural tourism consumption, the company seized the opportunity to carry out all-round event planning and creative marketing, and various scenic spots have ushered in a boom in performances.
Among them, Hangzhou Songcheng carried out Hangzhou citizens' cultural activities to benefit the people in the summer, and "Songcheng Eternal Love" set a new record of 21 performances in one day, and held themed activities such as ** festivals and carnivals, and the customer group structure was further younger and diversified; Lijiang Eternal Scene Zone and Guilin Eternal Scene Zone took the initiative to take advantage of the local hot cultural tourism market and achieved excellent business performance; After intensive rectification and upgrading, the number of tourists and market reputation in Xi'an and Shanghai have exceeded expectations.
In addition, vertical management and optimization of the employment structure have further exerted their power, and the cost reduction and efficiency increase have been continuously promoted, which has also promoted the profit growth of the company's main performing arts business.
During the reporting period, the company conducted an impairment test on the long-term equity investment of Huafang Group Company, and planned to make an impairment provision of 860 million yuan to 900 million yuan for long-term equity investment, which will lead to a decrease in net profit attributable to shareholders of the listed company by 860 million yuan to 900 million yuan.
The company's long-term equity investment in Huafang Group was 175.7 billion yuan, this time the impairment of 86-900 million yuan, there is still 85.7 billion yuan-8The book value of 9.7 billion yuan, even if the latter part is all impaired, the impact on Songcheng is not great.
If the impairment factor is not considered, the company's profit is 75000000000 yuan - 90000000 yuan, and we follow the lower limit of profit 7500 million yuan, with an income ceiling of 20500 million yuan, the net profit margin is also more than 36%, a proper cash cow.
Due to well-known reasons, Songcheng's revenue in the first quarter of 2023 is not ideal, and after these negative factors are cleared and the burden of Huafang Group is gradually shaken off, this year's revenue is expected to be significantly higher than that in 2023, and the profit will gradually recover, and the profit is expected to reach a new high within 3 years.
The company's dividend rate is not high, and it can only earn money from performance and valuation improvement.
Currently 251The market value of 7.9 billion yuan is a reasonable underestimate.
Although Mr. Huang is also a controversial person, Song Cheng's performance is still very good, and there are many people around him who have never been there, and those who have been there have also commented that they are okay.
The net profit margin can be so high in the same industry, and I am optimistic about the company's future development.