Bona Film Group Listed as Subject of Enforcement for the First Time

Deep News12-04

According to public records, Bona Film Group Co.,Ltd. (Stock Code: 001330.SZ) has recently been listed as a subject of enforcement for the first time, with an enforcement target of 1.5 million yuan by the Zouping City People's Court.

Notably, the company had previously been ordered to rectify issues related to 471 million yuan in non-operational fund usage. In a May 8 announcement this year, Bona Film Group disclosed that it failed to properly report non-operational fund transactions with related parties. As a result, the company was required to correct the violations, and both Chairman Yu Dong and former CFO Qi Zhi received regulatory warnings, with the incidents recorded in the capital market integrity archive.

Founded in August 2003, Bona Film Group is one of China’s earliest privately-owned film enterprises and a well-known integrated film industry group. Its core business includes film investment, distribution, theater chain management, and cinema operations. The company was recognized as one of "China’s Top 30 Cultural Enterprises" in 2020, 2021, and 2023. It successfully listed on the Shenzhen Stock Exchange’s main board on August 18, 2022.

However, alongside regulatory risks, Bona Film Group has faced deteriorating financial performance. Since its IPO, the company has reported declining revenues—20.12 billion yuan in 2022, 16.08 billion yuan in 2023, and 14.61 billion yuan in 2024. Net losses have also widened, reaching -75.51 million yuan, -553 million yuan, and -867 million yuan in the same respective years.

The downward trend worsened in 2025. The Q3 report showed a total operating revenue of 972 million yuan, up 1.29% year-on-year, but net losses attributable to shareholders expanded to -1.11 billion yuan, down 213.11% year-on-year. Adjusted net losses stood at -1.158 billion yuan, down 190.08% year-on-year. The company attributed the significant decline in net profit to the underperformance of its Spring Festival blockbuster *Operation Jiaolong*.

Investor confidence has continued to wane, with major shareholders reducing their stakes. In June 2025, long-term shareholder Alibaba Pictures sold a 2.0016% stake, lowering its holding to 4.2%. CITIC Securities and its affiliates also offloaded a 3% stake. In Q3 2025, Alibaba Pictures further reduced its stake by 0.99%, cashing out nearly 100 million yuan during the quarter.

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Comments

We need your insight to fill this gap
Leave a comment