Songcheng Performance is the first A-share listed company of performing arts in China. The purpose of this report is to analyze the investment value of Songcheng Performance，and make investment suggestions according to company status. The rest of this article is organized as follows：First of all，overall introduction and analysis on Songcheng Performance's situation. Secondly，analyze Songcheng Performance's business pattern，profit model and financial situation. Thirdly，s，analyze company's future strategic direction based on their development status. Finally，make investment advice with above analysis.