Chang Te-cheng (1920-1995), famous former puppeteer of Tunghua Shadow Puppet Troupe, accompanied his father Chang Chiao (1892-1962) to perform at various commercial theatres around the island, and created the golden age of shadow puppet after the Restoration of Taiwan, other than witnessing the rise and fall of the culture of commercial theatre between 1952and 1967. His Record of Performances in Commercial Theatres contains eleven parts: pagination, date, number of performance, time of entry, location of theatre, manager, balance, scripts, division of income between theatre and troupe, evaluation of performance, special events, and year/s for a second try. Based upon this invaluable record of shadow puppet theatre, this paper aims to reconstruct the characteristics of theatre culture during the afro-mentioned period in terms of theatre, troupe, audience, and official regulations. Theatre at that period can be divided into two types: regular and temporary ones, which serve as the main in-door performance spaces. The vital role of theatre as a crucial e1ementof theatre culture can be comprehended by examining the location, style, structure and size of theatre, the method and attitude of management, and influences caused by related regulations as well. Scrutinizing the entire procedure of performing inside the theatre leads us to understand the rise and fall of Tunghua within the fifteen years against the dramatic texts, performing style, and various other reasons. A thorough discussion on the reasons that threaten the audience’s theatergoing, their behaviors, and influences from political and religious activities accounts for the vital roles of the audience in the theatre culture. The records about theatre competition, events of theatre people, and theatre locations are worthy of further study. Even though Record of Performances in Commercial Theatres is indeed a record kept by a single theatre troupe, yet Chang Te-cheng, with the viewpoint of a puppeteer, documented the historical track of commercial performances inside the theatres. And this is no less precious than official documents, or information seen in newspapers at that time.