证券代码：001330 证券简称：博纳影业 公告编号：2025-075 号 博纳影业集团股份有限公司 股票交易异常波动公告 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、股票交易异常波动的情况说明 5.经核查，公司控股股东、实际控制人在股票交易异常波动期间不存在买卖公司 股票的情形。 博纳影业集团股份有限公司（以下简称"公司"或"本公司"）（证券简称：博纳影业， 证券代码：001330）的股票交易价格连续 3 个交易日内（2025 年 12 月 15 日、2025 年 12 月 16 日、2025 年 12 月 17 日）收盘价格跌幅偏离值累计超过 20%。根据《深圳证券 交易所交易规则》的相关规定，属于股票交易异常波动情况。 三、是否存在应披露而未披露信息的说明 二、公司关注并核实情况说明 针对公司股票交易异常波动情况，公司董事会就有关事项通过书面询证方式向公司 控股股东、实际控制人进行了核查，现就相关情况说明如下： 1.公司前期所披露的信息，不存在需要更正、补充之处； 2.公司未发现近期公共媒体报道了可能或者已经对本公司股票交易价格产生较大 影响的未 ...

Core Insights - As of December 17, a total of 749 stocks in the Shanghai and Shenzhen markets have experienced net outflows of main funds for five consecutive days or more [1] - ST Jinglan has the longest streak of net outflows, with 28 consecutive days, while Jingu Co. follows with 22 days [1] - The stock with the highest total net outflow amount is Heertai, which has seen a cumulative outflow of 4.569 billion yuan over nine days [1] Summary by Category Main Fund Outflow Duration - ST Jinglan: 28 days of net outflow [1] - Jingu Co.: 22 days of net outflow [1] Total Net Outflow Amount - Heertai: 9 days, 4.569 billion yuan [1] - Haiguang Information: 7 days, 2.483 billion yuan [1] - Wolong Electric Drive: 7 days, 1.551 billion yuan [1] Proportion of Net Outflow to Trading Volume - ST Jinglan has the highest proportion of net outflow, with a 28.72% decline over 11 days [1] - Other notable stocks include Heertai with a 27.61% decline and Haiguang Information with a 6.24% decline [1]

Group 1 - The company approved a loan agreement for its subsidiary Zhejiang Bona to borrow up to RMB 40 million from its associate Shanghai Tingdong for business development [1][2] - A supplementary loan agreement was signed, consolidating the RMB 40 million loan with another RMB 30 million loan to Beijing Bona, totaling RMB 70 million for a directed capital reduction repayment plan [2] - The capital reduction will decrease the company's equity stake in Shanghai Tingdong from 9.55% to 4.61% after a total capital reduction of RMB 70.96 million [2][3] Group 2 - The capital reduction is based on an asset valuation report from Beijing Dongshun Asset Appraisal Co., which assessed Shanghai Tingdong's equity value at RMB 132.3 million, reflecting a 96.53% increase from its book value of RMB 67.317 million [10] - The transaction does not constitute a major asset restructuring and does not require shareholder approval [3][10] - The board of directors believes this capital reduction will optimize the financial structure of the subsidiary without significantly impacting the company's financial status or the interests of shareholders, especially minority shareholders [18][19] Group 3 - The independent directors unanimously approved the capital reduction and related transactions, confirming that it would not adversely affect the company's financial condition or independence [19] - The company has had a total of RMB 70 million in loans to the associate Shanghai Tingdong since the beginning of the year [18] - The company will hold a temporary shareholders' meeting on January 5, 2026, to discuss the proposed changes and other matters [49][50]

Market Overview - The Shanghai Composite Index experienced narrow fluctuations, while the ChiNext Index rose over 1% on December 17. The total trading volume in the Shanghai and Shenzhen markets was 1.04 trillion yuan, a decrease of 103.9 billion yuan compared to the previous trading day. A total of 3,724 stocks declined, while 1,578 stocks increased [1][2]. Sector Performance - The lithium battery industry chain led the market gains, with Tianhua New Energy (300390) rising over 13%, Jinyuan Co. (000546) achieving two consecutive limit-ups in four days, and Shengxin Lithium Energy (002240) hitting the daily limit. Hong Kong-listed Tianqi Lithium (002466) and Ganfeng Lithium (002460) both increased by over 5% [3][4]. Lithium Market Insights - On December 17, lithium carbonate futures surged over 7%, reaching a new high since May 2024. Following the shutdown of mining operations by CATL (300750), the "Lithium Capital of Asia," Yichun, plans to cancel 27 mining rights. Analysts noted that lithium carbonate futures prices have risen over 70% from their low point earlier in the year, with market expectations for lithium demand significantly improving following the release of November battery sales data [3][4]. Rare Metals and Other Sectors - The optical module sector saw a significant rebound, with major players like Guangku Technology (300620) leading with over a 5% increase. Rare metal stocks also strengthened, with Zhongtung High-tech (000657) nearing a limit-up and reaching a historical high. Tungsten powder prices increased by 10,000 yuan per ton, now priced at 1 million yuan per ton, reflecting a 216.5% rise since the beginning of the year [5]. New Stock Performance - Muxi Co., known as the "second domestic GPU stock" and the "second most expensive new stock of the year," saw its shares soar over 700%, with a market capitalization nearing 335 billion yuan, surpassing Moer Thread. The stock's price reached 719.8 yuan, with potential profits exceeding 300,000 yuan per share [7]. Precious Metals Update - Silver prices reached a new historical high, with spot silver rising over 3% to 65.86 USD per ounce. The main contract for silver futures on the Shanghai Futures Exchange increased by over 4%. Gold also saw a sharp increase, touching 4,320 USD, with the World Gold Council projecting an average annual return of over 5% for gold from 2025 to 2040 [7][8].

博纳影业虽通过控股子公司获得了《阿凡达3》的投资收益权，可参与全球票房分账，但公司也多次发布公告提示风险，称 该投资收益权比例较低，对公司短期业绩无重大影响，并提醒投资者理性决策。 此次股价的剧烈波动，也折射出博纳影业自身面临的经营困境。公司近年来连续亏损，2022年至2024年累计亏损约15亿元， 2025年前三季度再亏11.09亿元，近四年累计亏损已超26亿元。业绩下滑主要系2025年春节档主投影片《蛟龙行动》票房不及 预期。目前，公司仍处于亏损状态，未来盈利存在不确定性。 有分析人士指出，《阿凡达3》预售遇冷是多重因素叠加的结果。一方面，经过十余年的发展，国内观众对视效大片的审美 疲劳逐渐显现，单纯依靠技术革新已难以保证票房号召力，故事内容和情感共鸣变得愈发重要。另一方面，当前电影市场消 费更趋理性，高票价策略在缺乏足够口碑支撑的情况下，容易将大量普通观众挡在门外。 对于博纳影业而言，将业绩希望寄托于单一海外大片的投资收益并非长久之计。分析人士认为，公司应回归内容创作本源， 深耕本土市场，打造更多符合当下观众喜好的优质影片，同时优化成本控制，改善盈利结构，才能从根本上摆脱经营困境， 实现可持续发展。此次 ...

Group 1 - High-profile stocks are experiencing a significant decline, with Bona Film Group facing a continuous three-day trading halt [1] - Other companies such as Sun Cable, Farsen, and Nanjing Mining Group also hit the trading limit down, indicating a broader market trend [1] - Additional companies like Zhongyuan Home, Meng Tian Home, Central Mall, and Maoye Commercial are among those with notable declines [1]

Group 1 - The pre-sale box office for "Avatar 3" has reached over 51 million yuan, growing at a rate of nearly 10 million yuan per day since its pre-sale began [2][16] - Compared to its predecessor "Avatar 2," the pre-sale box office for "Avatar 3" is nearly halved, with "Avatar 2" achieving over 100 million yuan in pre-sale within four days during its release [4][18] - Viewer concerns regarding high ticket prices have impacted the pre-sale performance, with prices ranging from 17.8 yuan to 280 yuan, and premium formats like IMAX and CINITY charging significantly higher [4][20] Group 2 - Bona Film Group, which holds investment rights for "Avatar 3," has faced significant financial challenges, reporting a net loss of 11.09 billion yuan in the first three quarters of 2025, a 213.11% increase in losses year-on-year [10][27] - The company has experienced continuous losses over the past four years, totaling over 2.6 billion yuan, with a decline in performance attributed to underwhelming box office results from its recent releases [10][27] - Prior to the pre-sale of "Avatar 3," Bona Film Group had a strong stock performance, but it faced two consecutive trading halts following the pre-sale launch [10][25]

Group 1: Lin Qingxuan's IPO - Lin Qingxuan, a domestic skincare brand, has passed the listing hearing on the Hong Kong Stock Exchange, focusing on a "herbal + technology" concept [1] - The company expects revenue to reach 1.052 billion yuan in the first half of 2025, representing a year-on-year growth of approximately 98.5%, with a profit of 182 million yuan during the same period [1] - Lin Qingxuan currently operates over 500 stores nationwide, primarily located in shopping malls [1] Group 2: Film Industry Adjustment - The film sector continues to experience a downturn, with Bona Film Group facing consecutive trading halts and other companies like Beijing Culture and China Film also declining [2] - Bona Film announced on December 14 that its investment return ratio for "Avatar 3" is low, and the company remains in a loss position, leading to a lack of short-term performance boosts [2] - The rapid capital outflow indicates weak sentiment in the sector, suggesting a cautious approach towards companies lacking clear release schedules [2] Group 3: Kering Group's Real Estate Transaction - Kering Group has signed a joint venture agreement with private equity firm Ardian for a real estate project on Fifth Avenue in New York, with a total transaction value of 900 million USD [3] - Kering will receive a net gain of 587 million euros from this transaction, which aids in reducing leverage and allows the company to focus on its core luxury business [3] - The immediate cash inflow is beneficial for Kering's balance sheet, but the one-time real estate gain has limited contribution to core profits [3] Group 4: Louvre Museum Closure - The Louvre Museum in Paris was unexpectedly closed on December 15 due to employee strikes demanding better working conditions, disrupting visitor plans [4] - The museum's regular closure on Tuesdays means it will remain closed on December 16, with uncertainty about reopening on December 17 [4] - Prolonged strikes could negatively impact local tourism, affecting hotels, restaurants, and retail sales in the area, although the direct impact on the secondary market is limited [4]

Core Viewpoint - The pre-sale performance of "Avatar 3" is significantly lower than its predecessor, "Avatar 2," indicating a decline in audience interest and potential challenges for the film's box office success in China [3][5][6]. Group 1: Box Office Performance - "Avatar 3" has achieved a total pre-sale and preview box office of over 51 million yuan within five days of its pre-sale launch [3]. - In comparison, "Avatar 2" reached over 100 million yuan in pre-sale and preview box office just four days after its pre-sale began, despite being released during a pandemic with limited theater capacity [5]. Group 2: Audience Sentiment - Viewer complaints about high ticket prices have emerged, with prices ranging from 17.8 yuan to 280 yuan, leading to reduced purchasing willingness among some audiences [6]. - The film's lengthy runtime of 198 minutes and mixed reviews of the previous installment have contributed to a cautious approach from potential viewers, with some opting to wait for reviews before purchasing tickets [11]. Group 3: Company Impact - Bona Film Group, which holds investment rights for "Avatar 3," has seen its stock price fluctuate significantly, experiencing a strong rally followed by consecutive trading halts after the pre-sale began [15][16]. - The company reported a net loss of 11.09 million yuan in the first three quarters of 2025, with cumulative losses exceeding 2.6 billion yuan over the past four years, raising concerns about its financial stability [18].

Group 1 - Bona Film Group's stock experienced a significant decline, hitting a limit down at 10.82 CNY per share on December 16, following a 9.96% drop on December 15 [2][4] - The company had previously seen a rise in stock price over nine consecutive trading days, attributed to its indirect investment in "Avatar 3" [2][4] - As of December 16, the pre-sale box office for "Avatar 3" exceeded 480 million CNY [2] Group 2 - "Avatar 3," directed by James Cameron, is set to be released on December 19, with advanced screenings starting on December 18 [4] - Bona Film Group has issued multiple announcements regarding abnormal stock trading fluctuations, with significant price deviations noted on several occasions throughout December [4] - The company reported a revenue of 972 million CNY for the first three quarters of 2025, reflecting a slight year-on-year increase of 1.29%, but also reported a net loss of 1.109 billion CNY, which is a 213.11% increase in losses compared to the previous year [4][5] Group 3 - Despite the recent stock price increase, the company cautioned investors about the uncertainty of box office revenues for "Avatar 3," as it has not yet premiered globally [5] - The company's subsidiary holds a low percentage of investment return rights for "Avatar 3," indicating limited short-term impact on financial performance [5]