Chairman accused of owing the casino 4.73 million; Bona Film Group responds: Under investigation

On March 10th, Bona Film Group (001330.SZ) opened high and then fluctuated lower. As of 10:55 AM, the stock price was 7.82 yuan per share, down 1.01%. In the news, a report about the company’s Chairman Yu Dong being pursued by Macau Wynn Casino for a debt of 4.73 million Hong Kong dollars attracted market attention.

In response, a reporter from 21st Century Business Herald contacted Bona Film Group as an investor. The staff member responded that the company has become aware of the matter and is currently investigating. The results of the investigation will be announced through official channels. Chairman Yu Dong has been actively managing the company recently. The staff emphasized that if the investigation confirms the matter “to be true,” it is a personal private matter of the chairman and does not affect the company’s operations.

Bona Film Group’s official website shows that the company’s main businesses include film investment, film distribution, theater chain and cinema management, covering copyright operations, IP derivatives, advertising and marketing, and talent agency services. The company has produced and distributed over 300 films with a box office exceeding 60 billion yuan. It has built and operated over a hundred multiplex cinemas nationwide. In 2022, the company was listed on the Shenzhen Stock Exchange’s Main Board.

In May last year, Bona Film Group issued a notice revealing that its Chairman Yu Dong and Vice President Qi Zhi had twice misappropriated non-operating funds of the company, and failed to disclose the use of these funds as required.

The announcement stated that Bona Film Group, through trust financial products and other means, provided funds to Vice President Qi Zhi and Chairman and General Manager Yu Dong, as well as their related parties, via third parties in 2022 and 2023, with amounts exceeding 200 million yuan and 260 million yuan respectively.

It is reported that these actions violated regulations on information disclosure and fund transactions of listed companies. Therefore, the Xinjiang Securities Regulatory Bureau decided to impose corrective supervision measures on Bona Film Group and record the case in the integrity archive of the capital market. Yu Dong and Qi Zhi also received warning letters, were subjected to related supervision measures, and their records were added to the integrity archive.

Regarding performance, Bona Film Group is facing severe challenges. The company’s 2025 performance forecast shows an expected net loss of 1.261 billion to 1.477 billion yuan for the year. If nothing unexpected happens, Bona Film Group has been losing money for three consecutive years since its listing in 2022, with total losses exceeding 2.6 billion yuan.

Regarding the 2025 losses, the company explained that the total box office of films produced in the year decreased compared to the previous year, with some films suffering significant losses. The number of films and TV series released in 2025 is insufficient, and several are still in different stages of production, so they have not yet generated direct economic benefits. The company will fully promote the production of high-quality films and TV series.