Chinanews.com, Shanghai News, April 23 (Xiangjie Yu Jun) Sanxiang Impression Co., Ltd. (hereinafter referred to as "Sanxiang Impression" or the company, stock code 000863. SZ) released its 2023 annual report on the evening of the 22nd, the company achieved operating income of RMB 1.105 billion (the same below), net profit attributable to shareholders of listed companies of 1.2358 million yuan, operating performance was stable and improving, net profit attributable to shareholders of listed companies after deducting non-recurring gains and losses was 25.5452 million yuan, a year-on-year increase of 78.56%, and cultural and performing arts business performed well, with annual revenue of 212 million yuan, a year-on-year increase of 528.61%.
The revenue of the cultural business increased significantly
In 2023, the domestic cultural tourism market will fully recover, and Sanxiang Impression's performing arts projects will continue to be hot, with a total of 5,805 performances in various projects throughout the year, a year-on-year increase of 115.2%, and nearly 6 million spectators, a year-on-year increase of 241.24%.
The long-awaited new performing arts project "The Most Memorable Shipbuilding" successfully premiered on December 23, 2023, creating the country's first folding progressive theater in the China Shipbuilding Cultural City in Mawei, Fuzhou. During the Spring Festival in 2024, the project received nearly 10,000 tourists and achieved a good market response.
Boosted by the improvement of new and old projects, Sanxiang Impression's cultural business revenue in 2023 will increase significantly year-on-year, and the proportion of revenue will further increase, from 2.5% in the previous year to 19.19%, and the gross profit margin will increase by 38.12 percentage points over the same period last year. More than 20 cultural tourism projects have been negotiated, among which the Shandong Binzhou Performing Arts Project has completed the signing of the choreography and design contract. The "Overseas Strategy" continued to advance, and contacted cultural institutions and related enterprises in Qatar, the United Arab Emirates, Saudi Arabia and other countries.
The performing arts business chain continues to expand
Sanxiang Impression continues to improve its editing and creative capabilities, fully integrates cutting-edge technologies and digital technologies such as MR, VR, and artificial intelligence, improves the efficiency and level of creation, creates a healthy and prosperous content ecosystem, and improves the scale and profitability of cultural business.
"The Most Memorable Shipyard" is the company's first "compilation + integrated production" general contracting project, reflecting the company's latest achievements in the transformation to "standardization, process, scale, and industrialization" of the whole process of production.
The industrial chain has been further extended in the "Impression Mazu" project, which is the first performing arts project of Sanxiang Impression that integrates editing, creation and design, integrated production and leading operation, which was signed at the end of October 2023 in Meizhou Island, Putian, Fujian Province, and has entered the stage of comprehensive deepening of the design. It will be integrated into the XR parallel stage concept for the first time, becoming the first performing arts project in China that integrates the immersive experience of "Mazu culture" with situational behavior, and is expected to be officially performed within the year.
Forge ahead and stabilize the fundamentals
In the context of China's real estate market still being slowly recovering, Sanxiang Impression Real Estate Business continues to focus on the construction and sales of Sanxiang Forest Haishang City project as the primary goal, and at the same time focuses on the decentralization of stock assets in Shanghai and Hangzhou and the leasing of the company's stock properties, so as to stabilize business income and stabilize fundamentals.
During the reporting period, the Sanxiang Forest Haishang City project obtained a total pre-sale certificate area of 34,046.56 square meters, and the No. 17 and No. 19 reserve plots were approved as the "Construction Permit".
Sanxiang Impression Real Estate Business will adhere to the strategy of resilience and steady development, accelerate the return of funds, create greater profits, and plan to expand urban renewal projects to explore and create new profit points. (ENDS)
Editor: Yu Jun