Songcheng Performance Development, operator of several Chinese theme park and theatres, has seen a 70% rise in net profits and group sales rise by 80% to CNY1.69bn ($252m) as China's rising middle class spends more money on leisure. The company, whose share price has more than doubled in the past two years, operates some of Asia's most popular tourist attractions, including the Hangzhou Songcheng Resort park, which attracts 7.3 million visitors a year.
Songcheng Performance Development, operator of several Chinese theme park and theatres, has seen a 70% rise in net profits and group sales rise by 80% to CNY1.69bn ($252m) as China's rising middle class spends more money on leisure. The company, whose share price has more than doubled in as many years, operates some of Asia's most popular tourist attractions, including the Hangzhou Songcheng Resort park, which attracts 7.3 million visitors a year.