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.

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.

After being defeated in a fight by a local gang, local official Lu Fengyang sends his weak and sickly son Lu Xiaoqing to study with a master of the Kunlun school of martial arts. Recovered and strong, he comes upon the Red Lotus Temple, and puts up there for the night. Unable to sleep, he begins looking around the palatial temple, and discovers a room decorated with many images of Buddhist demons, and an altar to worship them... Purposely destroyed serial film whose 19 full length chapters (averaging 86 minutes each) originally ran 27 hours in length.