Bona's net income rose sharply in the third quarter, and box office awards had a bumper harvest

On November 15, Beijing time, the first Chinese film company to land on NASDAQ &mdash& mdash; Bona pictures group released the third quarter financial report of 2011. According to the financial report, Bona's net income in the third quarter increased by 83.1% compared with the same period last year, reaching US $37.5 million, and its gross profit margin remained at a strong level of 57.5%. The net profit of non US accounting standards reached US $8.1 million, an increase of 26.7% over the same period last year, far exceeding the previously released revenue forecast of US $6.2 million, and the exceeding range was as high as 30.7%

Yu Dong, founder, chairman and CEO of Bona film group, said: “ In the third quarter, Bona's film performance was eye-catching, and the box office of "eavesdropping on the storm 2" and "Legend of the White Snake" both exceeded 200million yuan. In addition, Bona's film "peach sister" won “ Best actress ” In the third quarter, Bona film had a good harvest of box office and awards& rdquo;

Bona Film Group has been committed to building a full industrial chain layout through upstream production, midstream distribution and downstream cinemas, and this development mode became more stable in the third quarter. In terms of production, Bona productions have become the guarantee of box office and awards. Bona Film Group has been involved in the top four domestic films at the box office in China since the beginning of the year: bona, the first ranked film "the great cause of the founding of the party", participated in the investment; The second place "eavesdropping 2" was produced and distributed by Bona; Bona, the third place winner of the new Shaolin Temple, participated in the investment and issuance; The fourth place "Legend of the White Snake" was released by Bona

In the second quarter, Hello, Mr. tree In the third quarter, "peach sister" is internationally renowned. At the 68th Venice Film Festival, the film gained “ Best actress ” This is the highest award that Chinese films have won at the international class a film festival in recent years. Not only that, "Tao Jie" will represent Hong Kong in the 2012 Oscar “ Best foreign language film ” Awards. Yu Dong said: “ This shows that we not only pay attention to the profits of commercial films, but also pay attention to the artistic quality of films, attract the best creative talents, and establish Bona's high-quality brand and industry-leading position& rdquo;

In addition to continuing to expand its film production business, Bona film group also began to make efforts in the field of TV series in the third quarter. Bona investment, director Gao Xixi, Chen Daoming and other all-star cast of the large-scale costume historical drama "Chu Han legend" started smoothly. Before the start-up, the play has completed the pre-sale of the four major satellite TV stations in Beijing, Tianjin, Anhui and Zhejiang and the pre-sale of Youku network copyright broadcasting, and received 50% of the pre-sale royalties, which has improved the return on investment of the company and improved the operating cash flow

In terms of issuance business, Bona not only paid attention to the domestic market, but also began to gradually layout overseas issuance business. In August, Bona Film Group signed an agreement with IMAX company to release the New Year Movie &mdash& mdash; The 3D martial arts action film Longmen flying armor was produced in imax3d format and screened in IMAX cinemas in China and overseas. It is expected that by the end of this year, the number of IMAX screens in China will increase from 12 when Avatar was released last year to 50, which will provide a strong guarantee for the box office growth of Longmen Feijia

In addition, Bona will participate in Huashi film distribution company, promote the synchronous release of Chinese films in the international market, and create favorable conditions for the company to obtain the distribution rights of imported films in China in the future. Huashi film distribution company is the first distribution company to synchronously distribute Chinese films in the international market. Huashi has signed a contract with AMC, the mainstream theater in North America, to synchronously distribute Chinese films in North America all year round. The company has released many Chinese films produced by bona, such as "I know the heart of women" and "no longer leave you alone", and has enjoyed a good reputation among overseas Chinese audiences

In terms of theater line management, Bona Film Group successfully acquired Beijing Bona Star Management Co., Ltd. on July 1 this year. As of September 30, the number of cinemas of the group has increased from 6 in the previous quarter to 11, with a total of 95 screens. The net income in this quarter reached US $8.5m, an increase of 98% year-on-year, and pushed forward the group's strategy of promoting distribution with cinemas