The first Chinese sound film. It tells the story of Hong Pion (Red Peony), a singer-songwriter who, after her marriage to the depraved Faxiang Chen, not only tormented and suffered, but also endured the decline of her artistic career.

In old Shanghai, two sisters, a prostitute and a singer, try to escape from the local scoundrels with the help of a trumpet player and a newspaper seller.

A zombie appears in the Bao family in Hangzhou, claiming to be the ancestor of the Bao family and asking the family to move out immediately. The family is confused and calls their children and grandchildren to discuss the matter. After the departure of the old family member, Feng Lao, the vampire has become even more aggressive, and the orphaned man, Yisheng, who has been taken in by the family, is scared to death by the vampire, so the three daughters, Peifen, write a letter to ask their friend, Zhuji Jianping, to come and help them. At the request of a man in black, the family moves out, leaving only Yat-sang and Cheung Tai-hon behind.

Part two of A comedy film set on Shanghai film studio. The background events frequently involve the shooting of other films being made at Mingxing Film Company at the time. This includes a sequence of the 17th episode of the silent wuxia film series Burning of the Red Lotus Temple, which is the only known footage from this historic series to exist.