Core Viewpoint - Bona Film Group's major shareholders, including CITIC and Alibaba, plan to reduce their holdings by up to 68,315,264 shares, representing 5.0016% of the total share capital, with a maximum cash-out amount exceeding 300 million yuan [1][3]. Shareholder and Reduction Scale - CITIC Group, holding 10.34% of shares, plans to reduce up to 3% of its holdings (approximately 40.9764 million shares), with CITIC Securities alone reducing 1.06% [2]. - Alibaba Group, holding 6.22% of shares, plans to reduce up to 2.0016% of its holdings (approximately 27.3389 million shares), marking its first reduction since the IPO [2]. Timeframe and Method of Reduction - The reduction period is set from July 21, 2025, to October 20, 2025, starting 15 trading days after the announcement [4]. - The reduction will be executed through centralized bidding or block trading, with a price not lower than the net asset value of 3.84 yuan per share [5]. Underlying Reasons for Reduction - The primary motivation for the reduction is financial return needs, as both CITIC and Alibaba are financial investors. They face continuous losses from Bona Film Group, with cumulative losses nearing 1.5 billion yuan from 2022 to 2024, and a stock price decline of 18.27% within the year [6]. - Alibaba's recent strategy has involved divesting non-core assets, aligning with its cash flow optimization goals [7]. Signals of Deteriorating Company Fundamentals - Bona Film Group's performance has been declining, with revenue dropping from 2.012 billion yuan in 2022 to 1.461 billion yuan in 2024, and losses expanding from 72 million yuan to 867 million yuan. The first quarter of 2025 saw a net loss of 955 million yuan, a year-on-year decline of over 170 times, indicating a deepening operational crisis [8]. - The expanding losses have led to a loss of internal cash generation capability, compounded by a slow recovery in the film industry, resulting in shareholders lacking confidence in the company's short-term turnaround [8]. Regulatory Risks and Governance Issues - In May 2025, the Xinjiang Securities Regulatory Bureau issued a warning to Bona Film Group and its executives regarding the improper use of funds amounting to nearly 470 million yuan from 2022 to 2023, which, although returned, exposed failures in internal controls [9]. - Such violations undermine investor trust and increase the willingness of shareholders to reduce their holdings [10]. Market Impact and Potential Risks - The planned 5% reduction in shares is expected to exert significant pressure on the stock price, particularly in a weak market, potentially impacting liquidity in the secondary market [11]. - The first reduction by Alibaba signals a pessimistic outlook, and further reductions could trigger a chain reaction, shaking market confidence in governance stability despite claims that the reduction will not lead to a change in control [13]. Industry Challenges Reflected - The performance decline of Bona Film Group is indicative of broader challenges in the film industry, which is facing strict content reviews, high production costs, and competition from streaming services, with a 9% year-on-year decline in national box office revenue in 2024 [14]. - The reduction by shareholders reflects skepticism about the long-term profitability model of film assets amid these industry headwinds [14]. Capital Withdrawal Amid Multiple Challenges - The reduction is seen as a stop-loss action by financial investors in response to the deteriorating fundamentals of Bona Film Group, including expanding losses, shrinking revenue, governance failures, and industry headwinds [14]. - If the company fails to launch a successful content piece in 2025 or attract strategic capital through restructuring, it may enter a downward spiral of shareholder reductions, declining financing capabilities, and worsening operations [14].

Group 1 - The core point of the news is that Bona Film Group is facing significant financial challenges, including a major loss in the first quarter of 2025 and a disappointing box office performance for its film "Operation Dragon" [2] - Shareholders, including CITIC Securities and Alibaba Pictures, plan to reduce their stakes in Bona Film Group, with CITIC Securities intending to sell up to 40.9764 million shares (3% of total shares) and Alibaba Pictures planning to sell up to 27.3389 million shares (2.0016% of total shares) [1] - The company's first-quarter revenue for 2025 was reported at 525 million yuan, a year-on-year increase of 19.43%, but it experienced a net loss of 955 million yuan, which is greater than the total loss for the entire year of 2024 [2] Group 2 - The production cost for "Operation Dragon" was 1 billion yuan, but it only generated a box office revenue of 354 million yuan, leading to a significant financial setback for the company [2] - The first quarter of 2025 saw a dramatic increase in costs for Bona Film Group, which reached 1.205 billion yuan, a year-on-year increase of 359%, primarily due to high production costs for "Operation Dragon" [2] - The company has a pipeline of films, including titles like "Kashmir Princess," "Four Crossings," and "The Human Body Battle," but the uncertainty regarding their release schedule and box office performance may further impact the company's financial stability [2]

Group 1 - The core point of the announcement is that major shareholders of Bona Film Group (001330) plan to reduce their holdings, with CITIC Securities Investment Co., Ltd. and its concerted parties intending to sell up to 40.9764 million shares, representing 3.0000% of the total share capital [1] - Zhejiang Dongyang Alibaba Film Co., Ltd., holding 6.2178% of the shares, plans to reduce its stake by up to 27.3389 million shares, which accounts for 2.0016% of the total share capital [1] - The reduction period is set for three months starting from 15 trading days after the announcement, with the selling methods being centralized bidding and block trading [1] Group 2 - The selling price will be determined based on market conditions but will not be lower than the latest audited net asset value per share of the company [1]

Group 1 - The core point of the article is that Bona Film Group (001330.SZ) announced that shareholders plan to reduce their holdings by a total of up to 5.0016% of the company's shares [1] - CITIC Securities Investment Co., Ltd. and its concerted parties plan to reduce their holdings by no more than 40.9764 million shares, accounting for 3% of the total share capital [1] - Zhejiang Dongyang Alibaba Film Co., Ltd. plans to reduce its holdings by no more than 27.3389 million shares, accounting for 2.0016% of the total share capital [1]

预披露公告 股东中信证券投资有限公司及其一致行动人金石智娱股权投资(杭州)合伙企业(有限合伙)、 信石元影(深圳)投资中心(有限合伙)、青岛金石暴风投资咨询有限公司；浙江东阳阿里巴巴影业 有限公司保证向本公司提供的信息内容真实、准确、完整，没有虚假记载、误导性陈述或重大 遗漏。本公司及董事会全体成员保证公告内容与信息披露义务人提供的信息一致。 特别提示： 1、合计持有博纳影业集团股份有限公司（以下简称"公司"、"本公司"或"发 行人"）股份 141,274,832 股（占本公司总股本的 10.3431%）的股东中信证券投资有 限公司及其一致行动人金石智娱股权投资(杭州)合伙企业(有限合伙)、信石元影(深 圳)投资中心(有限合伙)、青岛金石暴风投资咨询有限公司计划在本公告披露之日起 15 个交易日后的三个月内以集中竞价及大宗交易方式减持公司股份不超过 40,976,398 股（占公司总股本的 3.0000%）。如在此期间内，公司发生送红股、资本 公积转增股本等导致总股本变动事项的，则拟减持的比例不变，减持数量相应调整。 2、持有本公司股份 84,928,080 股（占本公司总股本的 6.2178%）的股东浙江东 ...

证券代码：001330 证券简称：博纳影业 公告编号：2025-037 号 博纳影业集团股份有限公司 关于股东回馈活动的自愿性信息披露公告 本公司及董事会全体成员保证信息披露的内容真实、准确、完整，没有虚假记 载、误导性陈述或重大遗漏。 博纳影业集团股份有限公司（以下简称"博纳影业"、"公司"）为持续答谢广 大股东长期以来对公司的关心和支持，同时让股东更好地了解公司和体验公司服务， 将于近日开展"博纳影业 2025 年股东回馈"活动，本次活动具体方案如下： 一、活动时间 本次活动时间为 2025 年 7 月 1 日（星期二）9:30 至 2025 年 7 月 10 日（星期 四）24:00，为期 10 天。若超过 2025 年 7 月 10 日 24:00 未进行本次活动申领登记 的，视为自动放弃参与本次活动。 二、参加活动的股东范围 2025 年 5 月 15 日（即公司 2024 年年度股东大会股权登记日）15:00 交易结束 后，当天在中国证券登记结算有限责任公司深圳分公司登记在册的持有公司股份 500 股（含）以上的股东。 三、具体活动内容 1、为回馈长期以来支持公司的投资者，本次活动期间内符合条件的 ...

证券代码：001330 证券简称：博纳影业 公告编号：2025-035 号 博纳影业集团股份有限公司 关于公司为子公司提供担保的进展公告 本公司及董事会全体成员保证信息披露的内容真实、准确、完整，没有虚假记载、 误导性陈述或重大遗漏。 特别提示： 截至本公告披露日，公司及控股子公司对外担保金额超过公司最近一期经审计净资产的 50%、 存在对资产负债率超过 70%的被担保对象担保，敬请投资者充分关注担保风险。 一、 担保概述 成立日期：2014 年 12 月 19 日 法定代表人：廖顺来 （一） 担保概述及进展 博纳影业集团股份有限公司（以下简称"公司"）及公司全资子公司广东博纳影业传 媒有限公司、浙江博纳影视制作有限公司以及北京博纳国际影院投资管理有限公司（以 下简称"博纳国际影投"）下属五家全资子公司共同为公司全资子公司大连博纳影院管 理有限公司（以下简称"大连博纳"）与抚顺银行股份有限公司清原支行（以下简称"抚 顺银行清原支行"）签署的 20,000 万元流动贷款提供连带责任保证担保（其中上述博纳 国际影投下属五家全资子公司除提供连带责任担保外还为其提供抵押担保。） 公司以持有博纳国际影投、博纳电影院线有 ...

A股影视院线板块盘初活跃，欢瑞世纪涨停，百纳千成涨超6%，横店影视、幸福蓝海、博纳影业纷纷 跟涨。 ...

Group 1 - The three major indices experienced a significant adjustment, with the Shanghai Composite Index down 0.79%, the Shenzhen Component down 1.21%, and the ChiNext Index down 1.36%. Over 600 stocks rose, with a total trading volume of approximately 1.25 trillion yuan [2] - Oil and gas concept stocks surged, with Shouhua Gas rising by 20%, Tongyuan Petroleum up over 11%, and other companies like Junyou Co., Zhongman Petroleum, and CNOOC Services also seeing gains. The rise in international oil prices is attributed to the conflict between Iran and Israel, with potential U.S. intervention leading to further price increases [2] - The film and television industry saw strong performance, with companies like Baina Qiancheng and Ciweng Media rising by 20% and 10% respectively. Baina Qiancheng signed a film authorization contract worth 372 million yuan, which is expected to significantly boost its 2025 performance [2] Group 2 - The semiconductor and PCB sectors also showed strength, with Juxin Technology rising by 13.8% and Nord Shares by 10%. A recent report from CITIC Securities highlighted the challenges in obtaining advanced manufacturing and packaging capacity overseas, indicating a strong demand and weak supply situation in the domestic semiconductor industry [3] - The previously popular sectors such as controlled nuclear fusion, rare earth permanent magnets, and digital currency saw declines, with companies like Hezhong Intelligent and Hailian Jinhui dropping by 10% and over 7% respectively [3][4] - Other sectors including non-ferrous metals, healthcare, real estate, and securities also weakened, with companies like Dongfang Caifu and Vanke A experiencing declines [4]

近日，公司收到基金管理人光合（海南）私募基金管理有限公司的通知，根 据《中华人民共和国证券投资基金法》和《私募投资基金监督管理暂行办法》等 法律法规的要求，本基金已于 2025 年 6 月 16 日在中国证券投资基金业协会完 成备案手续，并取得了《私募投资基金备案证明》，备案信息如下： 基金名称：嘉兴光影智趣股权投资合伙企业(有限合伙) 管理人名称：光合（海南）私募基金管理有限公司 托管人名称：宁波银行股份有限公司 证券代码：001330 证券简称：博纳影业 公告编号：2025-034 号 博纳影业集团股份有限公司 关于全资子公司与专业投资机构共同投资的进展公告 本公司及董事会全体成员保证信息披露的内容真实、准确、完整，没有虚假 记载、误导性陈述或重大遗漏。 一、与专业投资机构共同投资概述 博纳影业集团股份有限公司（以下简称"公司"）于 2025 年 4 月 25 日召开第 三届董事会第十五次会议，审议通过了《关于全资子公司与专业投资机构共同投 资的议案》，同意全资子公司天津博纳企业管理咨询有限公司（以下简称"天津企 管"）作为有限合伙人，以自有资金出资人民币 99,900 万元，与专业投资机构光 合（海南） ...