It is also one of the oldest wooden theatres in China.

The theatre was built in 1688, during the reign of the Kangxi Emperor in the Qing Dynasty. It was built on the site of a Buddhist temple. It has a rich history that includes performances by the grandmaster of Peking Opera, Mei Lanfang.

After the Cultural Revolution, the theatre fell into disrepair. However, in 1995 a local businessman sponsored a full restoration. The theatre now continues to perform Beijing Opera. It is considered a living relic and one of Beijing's finest monuments.

As of August 2005, the theatre is temporarily closed for building work.