In this Chinese version of The Phantom of the Opera, the mysterious Song Danping terrorizes the newly rebuilt opera house and its young star.
The film tells the tragic story of two recent college graduates, Tao Jianping ("Tao" is a homophone for peach), and Li Lilian ("Li" is a homophone for plum). Married, the two hope to change society for the better, but are continuously challenged by the corruption and injustice of Chinese society.
The young poet Xin Baihe flees Shanghai with his friend, Liang. Liang soon joins the resistance against the Japanese invaders, but Xin chooses to pursue a relationship with a glamorous and westernized widow in Qingdao. After hearing that Liang has been killed, Xin has a change of heart and rushes to join the war effort.
