从目前披露的片单来看，博纳影业2026年将迎来产品大年。随着多部重量级影片的陆续定档与上映，公 司核心主业的盈利能力和可持续性有望得到进一步验证。 1月30日，博纳影业（001330.SZ）发布2025年度业绩预告。公告显示，2025年公司出品的电影、剧集上 映数量不足，多部电影、剧集尚处于不同的制作阶段，暂未产生直接经济收益。公司将全面推进电影、 剧集的高品质内容生产。 除春节档外，博纳影业2026年储备了多部电影和剧集项目，涵盖喜剧、历史、动作等丰富题材。电影方 面，主旋律大片《四渡》《克什米尔公主号》等大制作电影均有望年内上映，《她杀》《村超》《蛮荒 禁地》等多元类型电影同样备受期待。此外，多部剧集处于不同开发阶段，古装历史大剧《钦差大臣林 则徐》在剧本创作中，抗战史诗剧《东江纵队》正在筹备中。除传统影视项目以外，AI原生电影《三 星堆：未来往事》同样在国家电影局立项公示，目前处于审核阶段。 ...

业绩承压中海外稳健，AI 与 IP 布局持续深化 ——博纳影业点评报告 影视院线 执业证书编号：S0740519050004 Email：fengsheng@zts.com.cn 执业证书编号：S0740525020002 Email：xianglan@zts.com.cn | 基本状况 | | | --- | --- | | 总股本(百万股) | 1,374.52 | | 流通股本(百万股) | 1,374.52 | | 市价(元) | 9.49 | | 市值(百万元) | 13,044.19 | | 流通市值(百万元) | 13,044.19 | 报告摘要 公司披露 2025 年年度业绩预告。公司预计 2025 年归属于上市公司股东的净利润为负 值，经营业绩将出现亏损。公司 2025Q1~Q3 实现营收 9.72 亿元，同比增长 1.29%， 归母净利润-11.1 亿元，同比下滑 213.11%。 请务必阅读正文之后的重要声明部分 股价与行业-市场走势对比 公司持续深化电影主业，推进院线布局与剧集市场稳步发展。根据拓普数据，2025 年全年全国电影市场总票房 518.32 亿元（yoy+21.95%），观 ...

Core Viewpoint - Bona Film Group has experienced significant stock price volatility, with a cumulative decline of over 20% in the last three trading days, marking the fourth announcement of abnormal trading fluctuations in December [1] Group 1: Stock Performance - The stock price surged over 87% from December 1 to December 12, followed by two consecutive trading halts, with a closing price of 9.83 yuan on December 17, down 9.15%, resulting in a total market capitalization of 13.512 billion yuan [1] - From December 15 to December 17, the trading data showed a total transaction volume of 934 million yuan, with net selling of 200 million yuan, primarily by CITIC Securities and the Shenzhen Stock Connect [1] Group 2: Company Operations - Bona Film Group has confirmed that it does not have any violations of information disclosure and that its business operations remain normal without significant changes in the internal and external environment [2] - The company is actively developing a diverse range of film and television projects, including major productions and various genres, and is participating in multiple upcoming holiday releases [2] Group 3: Financial Performance - For the first three quarters of 2025, the company reported revenue of 972 million yuan, a year-on-year increase of 1.29%, but a net loss of 1.109 billion yuan, with losses widening by 213.11% compared to the previous year [3] - The company remains in a loss-making position, and future profitability is uncertain, indicating potential risks for investors [3]