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]