Core Viewpoint - The company has received administrative regulatory measures from the Xinjiang Securities Regulatory Bureau due to non-compliance in disclosing non-operating fund transactions with related parties and controlling shareholders, leading to a commitment to rectify these issues and enhance compliance measures [2][3][5]. Summary by Sections Issues Identified - The company reported non-operating fund occupation by its vice president and related parties amounting to 209.93 million yuan, which has been repaid as of December 2024. The company failed to disclose these transactions as required [2]. - Additionally, the controlling shareholder and related parties provided funds totaling 260.55 million yuan, also repaid by December 2024, without proper disclosure [2]. Rectification Measures and Progress - Following the regulatory findings, the company has initiated a self-examination and corrective actions, including the approval of special audit reports regarding non-operating fund occupations and related party transactions during board meetings [3]. - The management has acknowledged the negative impact of these violations and committed to improving internal controls and compliance training for key personnel [3][5]. - The company has engaged its sponsor, Hu Long Securities, to conduct on-site inspections and compliance training to enhance the quality of information disclosure [3]. Ongoing Compliance Efforts - The company has established a long-term commitment to compliance, with specific departments responsible for ongoing monitoring and improvement of internal processes [4][5]. - The company aims to strengthen its governance structure, enhance compliance awareness, and ensure the independence of the listed company while protecting shareholder rights [5].

博纳影业集团股份有限公司（以下简称"公司"或"博纳影业"）于 2025 年 5 月 8 日收到中国证券监督管理委员会新疆监管局（以下简称"新疆证监局"）出具的 《关于对博纳影业集团股份有限公司采取责令改正监督管理措施的决定》（〔2025〕 12 号）、《关于对于冬采取出具警示函监督管理措施的决定》（〔2025〕11 号）、《关 于对齐志采取出具警示函监督管理措施的决定》（〔2025〕13 号）。具体内容详见 公司 2025 年 5 月 9 日披露的《关于公司及相关人员收到新疆证监局行政监管措 施决定书的公告》（公告编号：2025-029）。 公司收到《行政监管措施决定书》后，高度重视其中提出的问题和整改要求， 立即组织相关人员对照有关法律法规以及公司内部管理制度的规定和要求，结合 公司实际情况，认真制定了整改计划及实施整改措施，现将整改情况报告如下： 一、存在的问题 博纳影业集团股份有限公司 关于对新疆证监局行政监管措施决定的整改报告 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。 证券代码：001330 证券简称：博纳影业 公告编号：2025-031 号 2 ...

博纳影业集团股份有限公司（以下简称"公司"）第三届监事会第十二次会议 通知于 2025 年 6 月 5 日以电子邮件的形式发出，鉴于本次审议事项紧急，经全 体监事确认，一致同意会议于 2025 年 6 月 6 日以通讯方式召开。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。 证券代码：001330 证券简称：博纳影业 公告编号：2025-032 号 博纳影业集团股份有限公司 第三届监事会第十二次会议决议公告 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 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： 以 3 票同意，0 票反对，0 票弃权，审议通过了《关于对新疆证监局行政监 管措施决定的整改报告》。 监事会认为：公司出具的《关于对新疆证监局行政监管措施决定的整改报告》 符合有关法律法规、规范性文件的规定以及行政监管措施决定书的相关要求，整 改措施符合 ...

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"）第三届董事会第十六次会议 通知于 2025 年 6 月 5 日以电子邮件的形式发出，鉴于本次审议事项紧急，经全 体董事确认，一致同意会议于 2025 年 6 月 6 日以通讯方式召开。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： （一）以 6 票同意，0 票反对，0 票弃权，0 票回避，审议通过了《关于对新 疆证监局行政监管措施决定的整改报告》。 博纳影业集团股份有限公司 证券代码：001330 证券简称：博纳影业 公告编号：2025-033 号 第三届董事会第十六次会议决议公告 博纳影业集团股份有限公司 经审核，董事会认为:公司出具的《关于对新疆证监局行政监管措施决定的整 改报告》符合有关法律法规、规 ...

Investment Rating - The report maintains a "Buy" rating for the media industry, indicating a positive outlook for investment opportunities in this sector [9]. Core Insights - The report emphasizes the significant potential of AI applications in driving new growth in the media industry, with a notable increase in monthly active users for AI products such as "Jimeng AI," which surpassed 30 million [5][4]. - The global generative AI market is projected to reach $208.8 billion by 2032, with a compound annual growth rate (CAGR) of 35.3% from 2024 to 2032, highlighting the robust growth potential in this area [7]. - The report identifies various sectors where AI can be integrated, including digital marketing, content creation, education, and more, suggesting a broad scope for investment [7]. Summary by Sections Industry Performance - The media sector has shown a 33% increase over the past 12 months, outperforming the Shanghai and Shenzhen 300 index, which only increased by 8.4% [1]. AI Application Trends - AI applications are evolving from hardware to content, with significant advancements in commercial viability across various sectors, including 2G, 2B, and 2C [3]. - The report highlights the successful launch of China's first AIGC adapted sci-fi short drama, showcasing the potential of AI in content creation [4]. Company Focus and Earnings Forecast - Several companies are highlighted with a "Buy" rating, including Wanda Film, Shanghai Film, and Mango Super Media, with projected earnings per share (EPS) growth in the coming years [9]. - The report provides specific EPS and price-to-earnings (PE) ratios for these companies, indicating strong future performance expectations [9].

Core Viewpoint - The regulatory scrutiny on Yu Dong, the actual controller and chairman of Bona Film Group, highlights significant financial and operational challenges faced by the company, including non-operational fund occupation and continuous losses over three years [2][10][12]. Financial Issues - Bona Film Group's actual controller Yu Dong and CFO Qi Zhi received warnings from regulators due to non-operational fund occupation exceeding 4 billion yuan [2][3]. - The company reported a cumulative loss of 24.47 billion yuan from 2022 to 2024, with a loss of 9.55 billion yuan in the first quarter of 2024 alone [2][17]. - The company's asset-liability ratio reached 66% by the end of the first quarter of 2025, with interest-bearing liabilities amounting to 34.26 billion yuan [2][18]. Operational Performance - Since its return to the A-share market in 2022, Bona Film Group has experienced a decline in revenue, with annual revenues of 20.12 billion yuan, 16.08 billion yuan, and 14.61 billion yuan from 2022 to 2024, representing a year-on-year decrease of 35.60%, 20.06%, and 9.12% respectively [13]. - The company's net profit turned negative from a profit of 3.63 billion yuan in 2021 to losses of 0.72 billion yuan, 5.53 billion yuan, and 8.67 billion yuan from 2022 to 2024 [14]. Market Challenges - The Chinese film market faced a significant downturn, with total box office revenue dropping by 22.6% in 2024, leading to a decline in Bona's box office revenue by 31.9% [15]. - The company's recent film "Operation Dragon" underperformed, leading to its withdrawal from theaters after 17 days, contrasting sharply with competitors like Light Chaser Animation [16][19]. Future Outlook - The company is under pressure to undergo transformation, including ecological restructuring, content innovation, and capital reorganization to address its financial and operational challenges [20].

Group 1: Bona Film Group - Bona Film Group emphasizes the potential of the film derivative products market and plans to enhance development to meet the emotional consumption needs of younger audiences [1] - The company's 2024 total revenue is reported at 1.461 billion yuan, a year-on-year decrease of 9.12%, while the net profit attributable to shareholders shows a loss of 867 million yuan, widening by 56.87% year-on-year [1] - The decline in performance is primarily attributed to the sluggishness in the film and cinema businesses, prompting the company to explore the derivative products market as a new revenue stream [1] Group 2: CITIC Securities - CITIC Securities reports a strong upward trend in the gold market, driven by geopolitical tensions in the Middle East and a downgrade of the U.S. sovereign credit rating by Moody's, leading to increased safe-haven demand [2] - COMEX gold futures have surpassed $3,350 per ounce, with a year-to-date increase of over 27% [2] - The report discusses various factors influencing gold prices, including inflation expectations and the potential influx of funds from insurance companies investing in gold [2] Group 3: Film Market - The pre-sale box office for new films during the 2025 Dragon Boat Festival has exceeded 10 million yuan, with "Time's Son," "Mission: Impossible 8," and "Private Detective" leading the pre-sale rankings [3] - The film market has been underperforming since the Spring Festival, with hopes pinned on the Dragon Boat Festival to revive interest through major productions and IP influence [3] Group 4: International Travel to the U.S. - The Oxford Economics report indicates a projected 8.7% decline in international travelers to the U.S. in 2025, with significant drops from Canada (20.2%), Mexico (7.6%), and Western Europe (5.8%) [4] - This decline is expected to result in an $8.5 billion decrease in spending by international travelers in the U.S., a reduction of 4.7% compared to the previous year [4] - A 10.8% year-on-year decrease in flight bookings to the U.S. for international travelers is also noted for the May to July period [5] Group 5: Shanghai LEGO Land - Shanghai LEGO Land has completed its construction acceptance and is entering the countdown to opening, marking a significant addition to Shanghai's cultural tourism landscape [7] - The park, which took nearly four years to build, is positioned as a major project within the Yangtze River Delta integration initiative [7] - The opening is anticipated to attract both domestic and international tourists, potentially boosting related industries such as hotels, dining, and transportation [7]

Film Production Plans - The company has multiple film projects in progress for 2025, including the Spring Festival film "Operation Jiao Long," which is set to release within the year [1]. - There are four films in post-production: "Four Crossings," "Kashmir Princess," "Wild Forbidden Land," and "She Kills" [2]. - Two films are under content review: "Running Dad" and "Youth Era," while two are in preparation or filming: "Human Body Battle" and "Village Super" [1]. Market Strategy and Content Diversification - The company aims to maintain its focus on high-quality productions while expanding into diverse content, with over 20 film projects covering genres like comedy, animation, history, and action [2][6]. - The company is actively exploring the integration of film IP with cultural tourism and commercial products, enhancing the lifecycle and influence of its IP [4]. Financial Performance and Market Challenges - In 2024, the national film market's total box office was 42.502 billion yuan, a 22.6% decrease year-on-year, impacting the company's box office revenue [7]. - Despite the decline, the company's cinema box office income and film investment box office income remained stable, ranking 13th and 7th nationally, respectively [7]. AI and Technology Integration - The company established the AIGMS studio in late 2023 to explore AI applications in film, believing that AI will significantly impact various industries, including film [5]. - The film "Legend" utilized AI face-swapping technology, overcoming challenges like motion blur through innovative deep learning algorithms [7]. Audience Engagement and Content Reception - The series "Shangganling" achieved a 3.315% average viewership rating, marking a significant success for the company's first attempt at producing a mainstream television drama [8][9]. - The company plans to continue engaging younger audiences through innovative content and marketing strategies, including the "Bona New Force" initiative to support young directors [6]. Talent Development and Collaboration - The company is enhancing its talent development programs, including a stock ownership plan to align employee interests with company goals [12]. - Collaborations with local governments have provided significant support, aiding the company's growth and market presence [13]. Future Outlook - The company is committed to exploring new content directions and responding to market changes, with plans to increase derivative product development and establish a cultural creative space [14]. - The company is focused on maintaining compliance and improving internal fund management to protect shareholder interests [3].

声明 本公司及董事会、监事会全体成员保证本员工持股计划及其摘要内容的真 实、准确和完整，没有虚假记载、误导性陈述或重大遗漏。 本方案主要条款与公司 2025 年 4 月 29 日披露的《公司 2025 年员工持股计 划（草案）》及其摘要内容一致。 博纳影业集团股份有限公司 2025 年员工持股计划 风险提示 博纳影业集团股份有限公司 2025 年员工持股计划 证券简称：博纳影业 证券代码：001330 博纳影业集团股份有限公司 二〇二五年五月 博纳影业集团股份有限公司 2025 年员工持股计划 一、博纳影业集团股份有限公司（以下简称"博纳影业""公司"或"本公 司"）2025 年员工持股计划（以下简称"本员工持股计划"）的具体的资金来源、 出资金额、预计规模和具体实施方案等属初步结果，能否完成实施，存在不确定 性。 二、若员工认购资金较低，本员工持股计划存在无法成立的风险；若员工认 购份额不足，本员工持股计划存在低于预计规模的风险。 三、股票价格受公司经营业绩、宏观经济周期、国际/国内政治经济形势及投 资者心理等多种复杂因素影响。因此，股票交易是有一定风险的投资活动，投资 者对此应有充分准备。 四、本员工持股 ...

博纳影业集团股份有限公司 2025 年员工持股计划 证券简称：博纳影业 证券代码：001330 博纳影业集团股份有限公司 2025 年员工持股计划 二〇二五年五月 1 博纳影业集团股份有限公司 2025 年员工持股计划 声明 本公司及董事会、监事会全体成员保证本员工持股计划及其摘要内容的真 实、准确和完整，没有虚假记载、误导性陈述或重大遗漏。 本方案主要条款与公司 2025 年 4 月 29 日披露的《公司 2025 年员工持股计 划（草案）》及其摘要内容一致。 2 博纳影业集团股份有限公司 2025 年员工持股计划 风险提示 一、博纳影业集团股份有限公司（以下简称"博纳影业""公司"或"本公 司"）2025 年员工持股计划（以下简称"本员工持股计划"）的具体的资金来源、 出资金额、预计规模和具体实施方案等属初步结果，能否完成实施，存在不确定 性。 二、若员工认购资金较低，本员工持股计划存在无法成立的风险；若员工认 购份额不足，本员工持股计划存在低于预计规模的风险。 三、股票价格受公司经营业绩、宏观经济周期、国际/国内政治经济形势及投 资者心理等多种复杂因素影响。因此，股票交易是有一定风险的投资活动，投资 者 ...