Core Insights - The 2024 annual financial reports of listed film and television companies reveal a paradox where revenue has increased but profits have declined, highlighting the industry's challenges and realities [1][2] Revenue and Profit Trends - Among 21 listed film companies, only 5 reported revenue growth, while 7 achieved positive net profit, and 4 saw net profit growth [1] - In Q1 2024, companies like Light Media, Wanda Film, and Huayi Brothers showed significant improvements in both revenue and net profit, with Light Media's net profit soaring by 374.79% [2][3] Company Performance - Light Media's revenue from its main business, film, accounted for 71.20% but decreased by 12.22% year-on-year, primarily due to over-reliance on a single film, "The King's Avatar" [3] - Wanda Film reported a 23.23% increase in revenue to 47.09 billion, with net profit rising by 154.72% to 8.3 billion [4] - Huayi Brothers' revenue fell by 29.36% to 4.43 billion, despite a slight increase in Q1 2024 [12] Box Office Impact - "Nezha: The Devil's Child" significantly boosted Light Media's revenue, contributing approximately 20% to its earnings, with total box office exceeding 15.3 billion [5][6] - Wanda Film's box office revenue for Q1 reached 34.2 billion, a 44.9% increase, benefiting from the success of "Nezha" and other films [5] Struggles of Certain Companies - Bona Film has faced continuous losses since its return to A-shares, with a significant drop in both revenue and net profit over the past three years [8][10] - Beijing Culture's recent films have underperformed, leading to a staggering 1480.50% increase in revenue but a net loss of 2.18 billion due to high costs [10][11] Strategic Shifts - Companies are diversifying their business models, focusing on short films and AI technology to adapt to market changes [15][16] - Light Media plans to expand its derivative product development and explore theme park collaborations to enhance IP value [20] Future Outlook - The industry is witnessing a shift towards integrating quality content with new consumption scenarios, as companies like Wanda Film emphasize innovation in cinema economics [20]

Group 1 - Bona Film Group's subsidiary Tianjin Bona Enterprise Management Consulting Co., Ltd. invested 999 million yuan as a limited partner in a joint venture with Guanghe (Hainan) Private Fund Management Co., Ltd. to establish the Bona Pan Cultural and Entertainment Industry Fund with a total scale of 1 billion yuan [1] - The fund will focus on equity investments in AI film production and offline cinemas, aiming to enhance the integration of cutting-edge AI technology into film creation and production processes [1] - The investment is also aimed at strengthening cinema investment layouts, allowing the company to better capture terminal consumption scenarios in the film market, especially in light of strong box office performance during the 2025 Spring Festival [1] Group 2 - Guanghe Private Fund focuses on strategic emerging industries such as artificial intelligence, new materials, and semiconductors, with a particular emphasis on AI infrastructure, AI-generated content, intelligent visual recognition, natural language processing, and industry-level AI solutions [4] - Since its establishment, Guanghe Private Fund has completed the registration of 17 private equity funds and raised over 2 billion yuan in multiple overseas QFLP funds [4] - Bona Film Group is a globally recognized film and television group with a comprehensive industry chain, covering film investment, distribution, cinema management, copyright operation, IP derivatives, advertising marketing, and artist management, having produced and released over 300 films with a total box office exceeding 60 billion yuan [4]

Core Insights - BONA Film Group is adapting to a challenging Chinese film market in 2024, with a 22.7% decline in box office revenue and a 23.1% drop in audience numbers, while focusing on its core business and exploring new growth areas [1] Group 1: AI Integration and Technological Advancements - BONA Film Group has launched an "AI + Film" strategy, establishing the AIGMS (AI Generated Movie/Series) production center to integrate generative AI with the film production process, covering all stages from script development to post-production [1] - The company emphasizes a "human-machine co-creation" approach, enhancing content quality and production efficiency through AI assistance in script development, character creation, and visual design [1][3] Group 2: Successful Projects and Recognition - The company produced the first AIGC-generated sci-fi short series "Sanxingdui: Future Revelation," which garnered 160 million views on Douyin and received multiple awards, including the American Film Arts Festival's Gold Award [2] - BONA Film Group's fantasy action film "Legend" is noted as the world's first feature film starring a "digital human," utilizing Deepfake technology to recreate a 27-year-old Jackie Chan, achieving significant global sales across over 100 countries [2] Group 3: Future Developments and Industry Impact - The second season of "Sanxingdui: Future Revelation" is set to continue its narrative of "decoding history for the future," showcasing an industrial-level standard for human-AI co-created sci-fi works [3] - BONA Film Group is driving the industrial upgrade of the film sector in China, creating a new avenue for collaborative creation between humans and AI as technology evolves [3]

Core Viewpoint - Bona Film Group reported a significant decline in revenue and net profit for 2024, primarily due to a decrease in national box office revenue, indicating a challenging year for the film industry and the company [1] Financial Performance - In 2024, the company achieved operating revenue of 1.461 billion yuan and a net profit attributable to shareholders of -867 million yuan [1] - The total national box office in 2023 was 42.502 billion yuan, which is lower than the 43.81 billion yuan recorded in 2015, excluding the pandemic's impact [1] Industry Strategy - 2024 is characterized as a year for consolidating industry advantages and seeking content transformation, with a focus on the core film industry [1] - The company aims to explore diversified growth points, including short and long series, and AIGC (Artificial Intelligence Generated Content) [1] Content Production - In 2023, the company invested in and released 7 films, generating a total box office of 4.697 billion yuan, with notable successes including "Flying Life 2" and "The Volunteer Army: The Battle of Life and Death" [2] - The film "Legend," featuring a digital human lead, utilized Deepfake technology and achieved significant global sales, covering over 100 countries [2] Awards and Recognition - The film "Nameless," produced and distributed by Bona Film Group, won the Excellent Cinematography Award at the 20th China Film Huabiao Awards [2] Future Projects - Upcoming films include "Dragon Action," "Four Crossings," and others, with a focus on historical and revolutionary themes [3] - The company is implementing a "Bona New Forces" initiative to support young directors, aiming to release three films annually from emerging filmmakers [3] Market Expansion - The company is expanding its strategy to include short and long series, targeting a market space of 200 billion yuan, moving beyond traditional film revenue models [4] - The drama "Shangganling" achieved a peak viewership rating of 3.515% during its broadcast, indicating successful entry into the series market [5] Technological Integration - Bona Film Group is embracing technological changes, exemplified by the release of the AIGC-generated short series "Sanxingdui: Future Revelation," which garnered 160 million views [5] - The company is actively exploring new production and distribution models for short dramas, collaborating with platforms like Douyin [6]

证券代码：001330 证券简称：博纳影业 公告编号：2025-027 号 博纳影业集团股份有限公司 关于召开 2024 年度股东大会的通知 1、股东大会届次：公司 2024 年度股东大会 2、股东大会的召集人：公司第三届董事会 博纳影业集团股份有限公司（以下简称"公司"）第三届董事会第十五次会议 于 2025 年 4 月 25 日作出决议，审议通过了《关于召开 2024 年年度股东大会的议 案》。 3、会议召开的合法、合规性：本次股东大会的召开程序符合有关法律、行政 法规、部门规章、规范性文件和《公司章程》等有关规定。 4、股东大会召开的日期、时间： 现场会议召开时间：2025 年 5 月 20 日下午 14:15； 网络投票时间为：2025 年 5 月 20 日，其中，通过深圳证券交易所交易系统进 行网络投票的具体时间为 2025 年 5 月 20 日上午 9:15—9:25、9:30—11:30 和 13:00— 15:00；通过深圳证券交易所互联网投票系统进行网络投票的具体时间为 2025 年 5 月 20 日 9:15 至 15:00 的任意时间。 5、召开方式：现场投票表决与网络投票相结合 （1） ...

博纳影业集团股份有限公司 第三届监事会第十一次会议决议公告 本公司及监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、监事会召开情况 博纳影业集团股份有限公司（以下简称"公司"） 第三届监事会第十一次会 议通知于 2025 年 4 月 15 日以电子邮件方式发出，会议于 2025 年 4 月 25 日在公 司会议室以现场结合通讯方式召开。会议应出席监事 3 名，实际出席监事 3 名， 公司部分高级管理人员列席了会议。 本次监事会由监事会主席陶云逸先生主持，会议的召开程序符合有关法律、 行政法规、部门规章、规范性文件和公司章程的规定。 二、监事会会议审议情况 在公司监事充分理解会议议案并表达意见后，本次会议形成以下决议： 证券代码：001330 证券简称：博纳影业 公告编号：2025-026 号 （一）以 3 票同意，0 票反对，0 票弃权审议通过了《公司 2024 年年度报 告》及摘要；本议案尚需提交公司 2024 年度股东大会审议。 监事会认为：本次利润分配与公司发展成长相匹配，分配预案符合公司实际 情况，未损害公司股东尤其是中小股东的利益，符合《公司法》、证监会 ...

证券代码：001330 证券简称：博纳影业 公告编号：2025-025 号 博纳影业集团股份有限公司 第三届董事会第十五次会议决议公告 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、董事会会议召开情况 博纳影业集团股份有限公司（以下简称"公司"）第三届董事会第十五次会议 通知于 2025 年 4 月 15 日以电子邮件方式发出，会议于 2025 年 4 月 25 日在公司 会议室以现场结合通讯方式召开。本次会议由董事长于冬先生主持，会议应出席 董事 6 名，实际出席董事 6 名，公司监事、高级管理人员列席了本次会议。 本次董事会会议的召开符合有关法律、行政法规、部门规章、规范性文件和 公司章程的规定。 二、董事会会议审议情况 在公司董事充分理解会议议案并表达意见后，本次会议形成以下决议： 《2024 年度总经理工作报告》具体内容详见《2024 年年度报告》中的"第 三节管理层讨论与分析"及"第四节公司治理"。 （三）以 6 票同意，0 票反对，0 票弃权，审议通过了《公司 2024 年年度报 告》及摘要；本议案尚需提交公司 2024 年度股东大会审议。 ...

根据相关法律法规及《公司章程》中对于实施现金分红时应满足条件的规定， 公司 2024 年度累计可供分配利润孰低为负值，不符合现金分红条件。鉴于公司 2025 年实际资金需求，拟建议：公司 2024 年度不进行现金利润分配，同时也不进 行送股或公积金转增股本。2024 年末公司实际可供分配利润全部结转到下一年度。 该预案尚需提请股东大会表决。 | 项目 | 本年度 | 上年度 | 上上年度 | | --- | --- | --- | --- | | 现金分红总额（元） | 0 | 0 | 0 | | 回购注销总额（元） | 0 | 0 | 0 | | 归属于上市公司股东的净 | -866,901,282.49 | -552,633,602.19 | - | | 利润（元） | | | 75,510,563.54 | 证券代码：001330 证券简称：博纳影业 公告编号：2025-016 号 博纳影业集团股份有限公司 关于 2024 年度拟不进行利润分配的公告 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"公司"或"本公司"） ...

| 一、审计报告……………………………………………………… 第 1—7 页 | | --- | | 二、财务报表……………………………………………………… 第 8—17 页 | | （一）合并资产负债表…………………………………………… 第 8 页 | | （二）母公司资产负债表………………………………………… 第 9 页 | | （三）合并利润表…………………………………………………第 10 页 | | （四）母公司利润表………………………………………………第 11 页 | | （五）合并现金流量表……………………………………………第 12 页 | | （六）母公司现金流量表…………………………………………第 13 页 | | （七）合并所有者权益变动表………………………………第 14—15 页 | | （八）母公司所有者权益变动表……………………………第 16—17 页 | | 三、财务报表附注……………………………………………… 第 18—123 页 | | | | 目 录 审 计 报 告 天健审〔2025〕5-73 号 博纳影业集团股份有限公司全体股东： 一、审计意见 我们审计了博纳影业集团股份有限公 ...

目 录 一、非经营性资金占用及其他关联资金往来情况的专项 审计说明…………………………………………………………第 1—2 页 二、非经营性资金占用及其他关联资金往来情况汇总表…………第 3—5 页 三、报告附件…………………………………………………………第 6—9 页 非经营性资金占用及其他关联资金往来情况的 专项审计说明 天健审〔2025〕5-75 号 博纳影业集团股份有限公司全体股东： 我们接受委托，审计了博纳影业集团股份有限公司（以下简称博纳影业公司） 2024 年度财务报表，包括 2024 年 12 月 31 日的合并及母公司资产负债表，2024 年度的合并及母公司利润表、合并及母公司现金流量表、合并及母公司所有者权 益变动表，以及财务报表附注，并出具了审计报告。在此基础上，我们审计了后 附的博纳影业公司管理层编制的 2024 年度《非经营性资金占用及其他关联资金 往来情况汇总表》（以下简称汇总表）。 一、对报告使用者和使用目的的限定 本报告仅供博纳影业公司年度报告披露时使用，不得用作任何其他目的。我 们同意将本报告作为博纳影业公司年度报告的必备文件，随同其他文件一起报送 并对外披露。 为了更好地理解 ...