近日，慈文传媒发布公告称，该公司及子公司2025年度综合授信及担保总额不超过10亿元，其中，资产负债率不低于70%的子公司担保额度不超过4亿元， 资产负债率低于70%的子公司担保额度不超过6亿元。 此次对外担保的10亿元额度，占慈文传媒净资产的100.31%；已使用额度为4.32亿元，占慈文传媒净资产的43.33%，均为合并范围内主体担保。此次担保比 例较高，且慈文传媒2024年度及2025年第一季度经营活动现金流净额分别为净流出2.347亿元、净流出8392万元，且单体报表财务数据显示，慈文传媒2024 年度净亏损790.19万元、2025年一季度净利润仍然为负。 就高比例担保的偿付风险，慈文传媒向GPLP犀牛财经表示，上述对外担保总额及实际发生的担保余额，均系该公司及合并报表范围内子公司之间互相担 保，该公司及子公司作为一个整体，目前生产经营稳定，具备良好的偿债能力。上述担保的财务风险处于该公司可控的范围之内，不会对该公司产生不利影 响，也不会损害该公司和中小股东的利益。 偿债方面，慈文传媒表示，慈文传媒及子公司在财务管理上以统借统还模式为主，贷款均按授信期限实施，到期均及时归还，同时保证责任灭失，不会导 ...

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]