Financial Performance - The company expects a net loss of between 637 million and 881 million CNY for the fiscal year 2024, compared to a net loss of 552.63 million CNY in the same period last year [3]. - The projected net loss after deducting non-recurring gains and losses is between 748 million and 989 million CNY, compared to a loss of 743.34 million CNY in the previous year [3]. - The company reported a total box office revenue of 4.697 billion CNY from 7 films released, a decrease of 31.9% compared to 2023 [5]. - The total box office revenue from the company's cinemas was 720 million CNY, down 31.2% from the previous year, with 111 cinemas and 908 screens in operation [5]. - The company has conducted asset impairment assessments based on cautious principles to reflect the financial status accurately as of December 31, 2024 [7]. - There are no significant uncertainties affecting the accuracy of this earnings forecast as of the announcement date [8]. - The financial data presented is preliminary and has not been audited by the accounting firm, with detailed figures to be disclosed in the 2024 annual report [9]. Content Production and Viewership - The average viewership rating for the war-themed drama series "Shangganling" was 3.315%, marking the highest rating for a TV drama since December 2019 [6]. - The short sci-fi series "Sanxingdui: Future Revelation," produced in collaboration with Douyin, achieved over 160 million total views during its broadcast [6]. - The company is actively producing high-quality content in response to market trends, with several films scheduled for release in 2025 [6].

Summary of Conference Call Notes Company and Industry Involved - The discussion primarily revolves around the film industry, specifically focusing on the company "博纳影业" (Bona Film Group) and its operations within the cinema and film production sectors. Key Points and Arguments 1. **Market Trends and Predictions for 2025** - There are indications that the film industry may experience significant breakthroughs and rapid development in 2025, particularly in physical and experimental aspects [1] - Compared to 2013, the actions of listed companies and the industry in 2025 are expected to be more integrative rather than purely expansionist [1] 2. **Box Office Performance in 2024** - The company expressed dissatisfaction with the 2024 box office performance, which was over 40 billion, attributing it to supply-side issues in film products [2] 3. **Diverse Audience Demands** - The company noted that as the audience demographic diversifies, their product demands also change, highlighting the importance of quality and thematic relevance in film production [3] 4. **Upcoming Film Projects** - The company has confirmed three major patriotic films set to release in 2025, which are expected to resonate well with audiences [4] - Plans for short dramas, approximately 20 minutes each, based on real stories are also in development, aiming for high-quality content [5] 5. **Impact of Short Videos and Algorithms** - The rise of short video platforms is influencing the promotion of classic films, suggesting a cyclical resurgence of historical narratives in modern media [6][7] 6. **AI and Technological Integration** - The company is actively exploring AI technologies and their applications in film production, indicating a shift towards integrating advanced models into their business strategy [8] 7. **Industry Consolidation** - There is an expectation of accelerated consolidation within the cinema and film industry in 2025, which could reshape operational dynamics [12] 8. **Financial Outlook** - The company anticipates a financial recovery starting in 2025, with improvements expected across various operational aspects [19] - The potential for reduced production costs, including actor fees, is seen as beneficial for the company's financial health [27] 9. **Cultural Export Strategy** - The company aims to promote Chinese cultural narratives internationally, focusing on themes of teamwork and collective heroism, contrasting with Western individualistic narratives [24][25] 10. **Operational Changes in Cinemas** - The company plans to enhance the operational capabilities of its cinemas, focusing on distribution functions and regional outreach [28][29] Other Important but Possibly Overlooked Content - The company is considering horizontal expansions in its business model, looking to acquire complementary technology firms rather than just similar-sized competitors [21][22] - There is a strategic emphasis on creating a "hero universe" through IP development, which involves building a cohesive narrative around team-based heroism [17] - The company is aware of the need for innovative content and technology integration to stay competitive in the evolving market landscape [30] This summary encapsulates the key insights and strategic directions discussed during the conference call, reflecting the company's outlook and operational strategies within the film industry.

Investment Rating - The report initiates coverage with a "Buy" rating for Bona Film Group [3]. Core Views - The company is positioned as a leader in the patriotic film sector, actively exploring category expansion and AI empowerment [8]. - The company has established a comprehensive industry chain covering film investment, production, distribution, and cinema operations, achieving a total box office of nearly 700 billion [38]. - The company has a rich reserve of patriotic films, with significant contributions to box office revenue from major series [38]. Summary by Sections Company Overview - Bona Film Group started as a film distributor and has expanded its business to cover the entire film industry chain, including production and cinema operations [38]. - The company has produced a series of successful patriotic films, establishing its leading position in this genre [38]. Film Industry - The film market is seeing a diversification in genre selection, with AI technology enhancing content supply [82]. - The total number of moviegoers is a key driver of box office performance, with 2023 seeing a recovery to 75.1% of pre-pandemic levels [86]. Company Business - The company’s main revenue sources are film production and investment, with cinema business revenue significantly increasing [47]. - The company has a strong pipeline of upcoming films, which is expected to drive revenue growth in the coming years [46]. Financial Forecast and Valuation - Revenue projections for 2024-2026 are estimated at 16.08 billion, 13.48 billion, and 29.92 billion respectively, with corresponding growth rates of -20.06%, -16.17%, and 122% [30]. - The company is expected to return to profitability with the release of key films in 2024 [46].

Company Structure and Ownership - The company is indirectly wholly owned by Bona Film Group (001330) [1] New Company Establishment - Hainan Baichuan Bona Film Production Co Ltd was recently established with a registered capital of RMB 100 million [2] - The company's legal representative is Yang Sen [2] - The business scope includes TV drama production, film distribution, film screening, radio and television program production, online audiovisual program dissemination, audio-visual product production, electronic publication production, and TV drama distribution [2]

证券代码：001330 证券简称：博纳影业 公告编号：2024-077 号 博纳影业集团股份有限公司 董事会 博纳影业集团股份有限公司 二零二四年十二月十九日 截至本公告日，陈庆奕先生通过公司首次公开发行上市前员工持股平台天津博 新企业管理咨询合伙企业（有限合伙）间接持有公司 148,894 股。陈庆奕先生持有 的公司股票将严格按照《深圳证券交易所上市公司自律监管指引第 1 号——主板上 市公司规范运作》《上市公司董事、监事和高级管理人员所持本公司股份及其变动 管理规则》《深圳证券交易所上市公司自律监管指引第 18 号——股东及董事、监 事、高级管理人员减持股份》等相应法律法规及《首次公开发行股票招股说明书》 《首次公开发行股票并上市之上市公告书》相关承诺进行管理。 公司及公司董事会对陈庆奕先生担任副总裁职务期间的勤勉工作及对公司发展 所作出的贡献表示衷心感谢！ 特此公告。 关于高级管理人员离任的公告 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"）董事会于近日收到公司高级管理 人员陈庆奕先生的书面报告。因个人原因， ...

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、 首次公开发行股票募集资金基本情况 博纳影业集团股份有限公司（以下简称"公司"或"本公司"）经中国证券监督 管理委员会证监许可[2022]1297 号《关于核准博纳影业集团股份有限公司公开发行 股票的批复》核准，并经深圳证券交易所同意，由联席主承销商华龙证券股份有限 公司、联席主承销商中信证券股份有限公司采用网下向符合条件的投资者询价配售 和网上向持有深圳市场非限售A股和非限售存托凭证市值的社会公众投资者定价发 行相结合的方式向社会公开发行人民币普通股（A 股）股票 274,903,797 股，每股面 值 1 元，每股发行价人民币 5.03 元/股。公司首次公开发行股票募集资金总额为 1,382,766,098.91 元，扣除发行费用（不含税）后公司实际募集资金净额为人民币 1,243,221,177.07 元，已由承销商华龙证券股份有限公司于 2022 年 8 月 15 日汇入 公司募集资金监管账户。上述资金到位情况经天健会计师事务所（特殊普通合伙） 以 "天健验[2022]5-3 号"《验资报告》对公司首 ...

证券代码：001330 证券简称：博纳影业 公告编号：2024-073 号 博纳影业集团股份有限公司 第三届董事会第十三次会议决议公告 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 根据《公司法》《深圳证券交易所上市公司自律监管指引第 1 号——主板上 市公司规范运作》等法律、法规、规范性文件及《公司章程》的要求，经公司董 事长于冬先生提名，提名委员会 2024 年第三次会议审核通过，董事会同意聘任 顾晓江先生为公司副总裁、董事会秘书，任期自本次董事会审议通过之日起至第 三届董事会届满之日止。 具体内容详见公司同日刊登在《证券时报》、《证券日报》、《中国证券报》、 《上海证券报》及巨潮资讯网（http://www.cninfo.com.cn）的《关于董事会秘书职 务调整及聘任副总裁、董事会秘书的公告》。 博纳影业集团股份有限公司（以下简称"公司"）第三届董事会第十三次会议 通知于 2024 年 11 月 29 日以电子邮件方式发出，会议于 2024 年 12 月 6 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 ...

证券代码：001330 证券简称：博纳影业 公告编号：2024-074 号 博纳影业集团股份有限公司 关于董事会秘书职务调整及聘任副总裁、董事会秘书的公告 顾晓江先生具备履行董事会秘书职责所必须的专业素质、任职经历和管理能力， 并已取得深圳证券交易所董事会秘书资格证书，其任职资格符合《中华人民共和国 公司法》《深圳证券交易所股票上市规则》《深圳证券交易所上市公司自律监管指 引第 1 号——主板上市公司规范运作》等有关法律法规以及《公司章程》的规定。 董事会秘书顾晓江先生联系方式如下： 联系电话：010-85530885 传 真：010-85530999 电子邮箱：ir@bonafilm.cn 联系地址：北京市朝阳区工人体育馆东路乙 2 号博纳大厦 11 层 特此公告。 博纳影业集团股份有限公司 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"）财务总监、董事会秘书何英女 士因工作调整，申请辞去公司董事会秘书职务。辞任董事会秘书职务后，何英女士 仍将继续担任公司财务总监职务。公司及公司董事会对何英女士任职董事会秘书期 间 ...

证券代码：001330 证券简称：博纳影业 公告编号：2024-075 号 博纳影业集团股份有限公司 关于公司为全资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 （一）担保概述及进展 近期，博纳影业集团股份有限公司（以下简称"公司"）与招商银行股份有限公司（以 下简称"招行"）北京分行签署《担保合作协议》、《质押合同》、《开立见索即付保函／备 用信用证申请书》，向招行北京分行申请开立融资性担保函/备用信用证（以下简称"保 函"），为公司海外全资子公司博纳影视娱乐有限公司（以下简称"博纳娱乐"）在招行香 港分行办理的贷款承担担保责任，限额为人民币陆仟叁佰万元整。 （二）担保审议情况 股权结构：博纳影业集团股份有限公司通过 Bona Film Investment Company 间接持 有博纳娱乐 100%的股份 与上市公司关系：博纳娱乐系公司全 ...

证券代码：001330 证券简称：博纳影业 公告编号：2024-072 号 博纳影业集团股份有限公司 关于公司股份回购实施结果暨股份变动的公告 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"）于 2023 年 12 月 10 日召开第三 届董事会第四次会议审议通过了《关于回购公司股份方案的议案》，同意使用自有 资金以集中竞价交易的方式回购公司发行的人民币普通股（A 股）股票。回购价格 为不超过人民币 11.28 元/股（含），回购资金总额为不低于人民币 4,000.00 万元（含） 且不超过人民币 8,000.00 万元（含），在回购股份价格不超过人民币 11.28 元/股 （含）条件下，按不超过人民币 8,000.00 万元（含）的回购金额上限测算，预计回 购股份数量约为 7,092,198 股，约占公司已发行总股本的 0.52%；按不低于人民币 4,000.00 万元（含）的回购金额下限测算，预计回购股份数量约为 3,546,099 股，约 占公司已发行总股本的 0.26%。具体回购资金总额以回购结束时实际回购使 ...