Bona Film Group Reports Fourth Quarter and Full Year 2012 Financial Results

Bona Film Group Reports Fourth Quarter and Full Year 2012 Financial Results

BEIJING, April 1, 2013 (GLOBE NEWSWIRE) -- Bona Film Group Limited ("Bona" or
the "Company") (Nasdaq:BONA), a leading film distributor and vertically
integrated film company in China, today announced its unaudited financial
results for the fourth quarter and full year ended December 31, 2012.

"We accomplished a great deal in 2012. We further developed two key growth
areas for the Company, secured a significant strategic investment from one of
the world's leading media conglomerates, News Corporation, and signed a letter
of intent for film co-production with Fox International Productions, as well
as a co-production term sheet with Universal Studios and Working Title Films,"
said Bona Founder, Chairman and CEO Mr. Yu Dong. "Despite these achievements,
our financial results were impacted by a weak fourth quarter, which was
largely attributable to the delayed release of The Grandmasters,
lower-than-expected box office receipts for The Last Tycoon and increased
start-up costs associated with new theater openings."

Fourth Quarter 2012 Financial Summary

  *Fourth quarter 2012 net revenues were US$53.2 million, compared with
    US$52.6 million in the fourth quarter of 2011.
  *Fourth quarter 2012 gross profit was US$10.1 million, compared with
    US$20.9 million in the fourth quarter of 2011.
  *Fourth quarter 2012 gross margin was 19.0 %, compared with 39.7% in the
    fourth quarter of 2011.
  *Fourth quarter 2012 net loss attributable to Bona Film Group Limited was
    US$(5.4) million, or US$(0.09) per diluted ADS^1, compared with net income
    attributable to Bona Film Group Limited of US$5.6 million, or US$0.09 per
    diluted ADS, in the fourth quarter of 2011.
  *Fourth quarter 2012 non-GAAP net loss^2 was US$(4.2) million, or US$(0.07)
    per diluted ADS, compared to non-GAAP net income of US$6.2 million, or
    US$0.10 per diluted ADS in the fourth quarter of 2011.
  *Fourth quarter 2012 EBITDA, non-GAAP^2, was US$(2.4) million, compared
    with US$6.4 million in the fourth quarter of 2011.
  *Cash and cash equivalents, term deposits and restricted cash totaled
    US$28.0 million as of December 31, 2012.
  *Cash used in operating activities totaled US$7.3 million, compared with
    cash generated from operating activities of US$21.1 million in the fourth
    quarter of 2011.

Full Year 2012 Financial Summary

  *Full year 2012 net revenues were US$142.3 million, compared with US$126.2
    million for the full year 2011.
  *Full year 2012 gross profit was US$56.2 million, compared with US$59.7
    million for the full year 2011.
  *Full year 2012 gross margin was 39.5%, compared with 47.3% for the full
    year 2011.
  *Full year 2012 net loss attributable to Bona Film Group Limited was
    US$(1.3) million, or US$(0.02) per diluted ADS, compared with net income
    attributable to Bona Film Group Limited of US$14.4 million, or US$0.24 per
    diluted ADS, for thefull year 2011.
  *Full year 2012 non-GAAP net income was US$3.2 million, or US$0.06 per
    diluted ADS, compared to non-GAAP net income of US$18.2 million, or
    US$0.30 per diluted ADS for the full year 2011.
  *Full year 2012 EBITDA, non-GAAP, was US$9.1 million, compared with US$21.6
    million in 2011.
  *Cash used in operating activities totaled US$10.0 million, compared with
    cash generated from operating activities US$2.2 million for the full year
    2011.

Full Year 2012 Business Updates and Recent Highlights

  *Distributed a total of 15 films theatrically in 2012; including two
    imported titles for which the Company assisted in marketing. For the year,
    Bona's films accounted for approximately 7.5% of the total box office for
    domestic productions.
  *Secured a strategic investment from News Corporation in May 2012, through
    which an affiliate of News Corporation purchased a 19.9% equity stake in
    the Company from Bona's Founder, Chairman and Chief Executive Officer, Mr.
    Yu Dong.
  *Appointed Dr. Jack Q. Gao, Senior Vice President of News Corporation and
    Chief Executive Officer of News Corporation China Investments, to the
    Company's Board of Directors.
  *In October 2012, signed a letter of intent with Fox International
    Productions ("FIP") for the joint development, production and distribution
    of multiple Chinese language films.
  *In the fourth quarter of 2012, signed a term sheet for the joint
    production and distribution of a Chinese-language romantic drama with
    Universal Studios and Working Title Films.
  *Premiered the Company's first produced television series, The King's
    Battles, on multiple major satellite networks in China.
  *Opened five new movie theaters in the fourth quarter of 2012 and nine for
    the full year, increasing the Company's portfolio of owned and operated
    theaters to 20.
  *In November 2012, entered into a $20 million secured revolving credit line
    agreement with East West Bank and drew down $10 million of credit as of
    December 31, 2012. This additional capital will be used to fund upcoming
    productions and to acquire the distribution rights to international films,
    which the Company will assist in marketing in China.

Mr. Yu continued, "Our initiatives to grow our theater segment and advance our
television production capabilities are part of our core strategy to diversify
our revenue base. Film exhibition and TV provide more stable, predictable
revenue streams than our film investment, production and distribution
businesses. While investment, production and distribution will remain critical
parts of our growth, we are committed to achieving greater balance between
business segments and we made important progress in this regard throughout the
year. We nearly doubled the size of our high-margin theater network in 2012
with 20 theaters in operation at year-end, putting us on track to meet our
goal of 40 owned and operated theaters by the end of 2014. In late December,
our first television series, The King's Battles premiered to strong ratings
and positive audience reactions on several of China's largest satellite
networks, giving us confidence in future TV projects, including series based
on some of Bona's most popular films. I am pleased with the strategic progress
we made during the past year and I am confident that these initiatives have
further solidified our platform for steady, sustainable growth beginning in
the first quarter, during which we expect to return to profitability and
report non-GAAP net income of US$1.2 to US$1.5 million."

Fourth Quarter 2012 Financial Results

Net Revenues

                     4Q12 4Q11 Y-o-Y%
Net Revenues (US$mm) 53.2 52.6 1.1%

Net revenues for the fourth quarter of 2012 increased 1.1% year-over-year to
US$53.2 million. The increase in net revenues was primarily attributable to
growth in the number of Bona-owned and operated movie theaters. The Company
distributed three films in the fourth quarter of 2012, compared with three
films in the fourth quarter of 2011.

Net Revenues by Segment Operations

            Distribution Investment& Movie   Talent Intersegment Consolidated
                          Production   Theater Agency Elimination
Net Revenues
from
External     8.4          31.6         13.1    0.1    --           53.2
Customers
(US$mm)
Intersegment
Revenues     0.3          5.8          --      --     (6.1)        --
(US$mm)
Total Net
Revenues     8.7          37.4         13.1    0.1    (6.1)        53.2
(US$mm)

Net revenues from distribution totaled US$8.7 million. During the fourth
quarter of 2012, Bona distributed three new films, The Cold Light of Day, The
Next Eleven Daysand The Last Tycoon.

Net revenues from film investment and production were US$37.4 million, mainly
derived from Bona's investments in films released in the fourth quarter of
2012, and sales of the Company's television series The King's Battles.

Net revenues from the movie theater segment increased to US$13.1 million,
primarily as a result of growth in the number of Bona-owned theaters in
operation. The Company owned and operated 20 theaters as of December 31, 2012,
compared with 11 as of December 31, 2011.

Gross Profit and Gross Margin

                    4Q12  4Q11  Y-o-Y%
Gross Profit (US$mm) 10.1  20.9  (51.7)%
Gross Margin         19.0% 39.7% --

For the fourth quarter of 2012, gross profit decreased to US$10.1 million from
US$20.9 million for the fourth quarter of 2011. The year-over-year decline in
gross profit was primarily attributable to the acceleration of the
amortization of production costs based on the economic performance and public
acceptance of certain films, and the impairment of production costs using a
discounted cash flow approach, as well as the lower-than-expected box office
performance of The Last Tycoon.

Segment Profit^3 and Segment Margin

                        Distribution Investment& Movie   Talent Consolidated
                                      Production   Theater Agency
Segment Profit (US$mm)   3.8          (0.8)        7.4     0.1    10.5
As % of Total Segment    35.7%        (7.1)%       70.5%   0.9%   100%
Profit
Segment Margin           43.4%        (2.0)%       56.7%   100.0% 19.8%

Segment margin for the distribution segment increased to 43.4% in the fourth
quarter of 2012 from 32.2% in the fourth quarter of 2011, primarily as a
result of increased reimbursements for print and advertising expenses as a
percentage of film distribution revenue.

Segment margin from the Company's investment and production business was
(2.0)% in the fourth quarter of 2012, compared with a segment margin of 8.0%
in the fourth quarter of 2011. This decrease in segment margin was mainly due
to the lower-than-expected box office performance of The Last Tycoon.

Segment margin from the Company's movie theater business reached 56.7% in the
fourth quarter of 2012, which is in-line with the Company's normal business
based on current theater operations.

Operating Income and Operating Margin

                               4Q12    4Q11 Y-o-Y%
Operating Expenses (US$mm)      18.8    17.5 7.3%
Operating (Loss) Income (US$mm) (5.7)   3.4  (269.7)%
Operating Margin                (10.7)% 6.4% --

Total operating expenses, including participation expenses, general and
administrative expenses, and sales and marketing expenses, increased 7.3% to
US$18.8 million from US$17.5 million in the fourth quarter of 2011. The
year-over-year increase in operating expenses was primarily due to an increase
in general and administrative expenses related to the expansion of the
Company's movie theater business.

Fourth quarter 2012 operating margin was (10.7)% compared to 6.4% in the
fourth quarter of 2011. The year-over-year decline in operating margin was
primarily due to the decline in gross profit.

Net Income and Net Income Attributable to Bona Film Group Limited per ADS

                                                                  4Q12   4Q11
Net (Loss) Income Attributable to Bona Film Group Limited (US$mm)  (5.4)  5.6
Net (Loss) Income Attributable to Bona Film Group Limited per ADS  (0.09) 0.10
(US$)

                                                                  4Q12   4Q11
Non-GAAP Net (Loss) Income (US$mm)                                 (4.2)  6.2
Non-GAAP Net (Loss) Income Attributable to Bona Film Group Limited (0.07) 0.10
per ADS (US$)

Excluding share-based compensation expense of US$1.4 million and US$0.4
million for the fourth quarters of 2012 and 2011, respectively, non-GAAP net
loss for the fourth quarter of 2012 was US$(4.2) million, compared with
non-GAAP net income of US$6.2 million in the fourth quarter of 2011.

                        4Q12  4Q11
EBITDA, non-GAAP (US$mm) (2.4) 6.4

EBITDA, non-GAAP, in the fourth quarter of 2012 was US$(2.4) million, compared
with EIBTDA, non-GAAP of US$6.4 million in the fourth quarter of 2011.

Cash and cash equivalents, time deposits and restricted cash as of December
31st 2012 totaled US$28.0 million. Operating cash flow for the fourth quarter
2012 was a net outflow of approximately US$7.3 million, related to increased
investment in several films released in the fourth quarter of 2012 or
scheduled for release in 2013.

Full Year 2012 Financial Results

Net Revenues

                    FY12  FY11  Y-o-Y%
Net Revenues (US$mm) 142.3 126.2 12.8%

Net revenues for the full year 2012 increased 12.8% year-over-year to US$142.3
million. The increase in net revenues was primarily attributable to increased
revenues from the Company's film investment and production and movie theater
segments, partially offset by a decline in distribution revenues.

Net Revenues by Segment Operating

            Distribution Investment& Movie   Talent Intersegment Consolidated
                          Production   Theater Agency Elimination
Net Revenues
from
External     62.9         37.0         41.7    0.6    --           142.3
Customers
(US$mm)
Intersegment
Revenues     1.1          36.7         --      --     (37.8)       --
(US$mm)
Total Net
Revenues     64.1         73.7         41.7    0.6    (37.8)       142.3
(US$mm)

Net revenues from distribution totaled US$64.1 million, compared with US$94.9
million in 2011. During 2012, Bona distributed 15 new films theatrically,
including two imported films for which the Company assisted in the marketing.
In addition, the Company recognized incremental revenue from Flying Swords of
Dragon Gate, its December 2011 blockbuster, in the first quarter of 2012. The
decrease in net revenues from the distribution segment was mainly due to the
lower-than-expected box office performance of The Last Tycoon.

Net revenues from film investment and production were US$73.7 million,
compared with US$50.5 million in 2011. The increase was primarily attributable
to the success of the Company's TV series, The King's Battles.

Net revenues from the movie theater segment increased to US$41.7 million,
compared with US$26.0 million in 2011. The increase was primarily attributable
to the increase in the number of theaters and screens from the Company's
strategic expansion efforts. The Company owned and operated 20 theaters as of
December 31, 2012, compared with 11 as of December 31, 2011.

Top-five Films in Terms of Revenue Contribution

Film Title                       Release Date
1.Flying Swords of Dragon Gate  December 15, 2011
2.The Great Magician            January 12, 2012
3.A Simple Life                 March 8, 2012
4.The Last Tycoon               December 21, 2012
5.The Lion Roars 2              August 17, 2012

The top-five films in 2012 contributed US$53.2 million, or 37.4% of full-year
2012 revenues, whereas the top-five films in 2011 accounted for 54.1% of
revenues.

Gross Profit and Gross Margin

                    FY12  FY11  Y-o-Y%
Gross Profit (US$mm) 56.2  59.7  (5.9)%
Gross Margin         39.5% 47.3% --

For the full year 2012, gross profit decreased to US$56.2 million compared
with US$59.7 million for the full year of 2011. The decrease was primarily
attributable to the lower-than-expected box office of The Last Tycoon.

Segment Profit and Segment Margin

                  Distribution Investment& Movie Theater Talent Consolidated
                                Production                 Agency
Segment Profit     25.1         6.4          23.6          0.6    55.7
(US$mm)
As % of Total      45.1%        11.5%        42.4%         1.1%   100%
Segment Profit
Segment Margin     39.2%        8.7%         56.6%         96.1%  39.2%

Segment margin for the distribution segment increased to 39.2% for the full
year 2012 from 38.9% for 2011, primarily as a result of larger reimbursements
for print and advertising expenses as a percentage of film distribution
revenue.

Segment margin from the Company's investment and production business was 8.7%
for the full year 2012, compared with a segment margin of 13.2% for 2011. This
decline in segment margin was mainly due to the lower-than-expected box office
performance of The Last Tycoon.

Segment margin from the Company's movie theater business was 56.6%, compared
with 56.1% in 2011.

Operating Income and Operating Margin

                               FY12   FY11  Y-o-Y%
Operating Expenses (US$mm)      60.8   47.2  28.9%
Operating (Loss) Income (US$mm) (0.8)  12.7  (105.9%)
Operating Margin                (0.5)% 10.1% --

Total operating expenses, including participation expenses, general and
administrative expenses, and sales and marketing expenses, increased 28.9% to
US$60.8 million from US$47.2 million for the full year 2011. The
year-over-year increase in operating expenses was primarily due toan increase
in general and administrative expenses related to the expansion of the
Company's movie theater business.

For the full year 2012 operating margin was (0.5)% compared to 10.1% for full
year 2011. The year-over-year decline in operating margin primarily resulted
from the unexpectedly low box office of The Last Tycoon.

Net Income and Net Income Attributable to Bona Film Group Limited per ADS

                                                                  FY12   FY11
Net (Loss) Income Attributable to Bona Film Group Limited (US$mm)  (1.3)  14.4
Net (Loss) Income Attributable to Bona Film Group Limited per ADS  (0.02) 0.25
(US$)

                                                                    FY12 FY11
Non-GAAP Net Income (US$mm)                                          3.2  18.2
Non-GAAP Net Income Attributable to Bona Film Group Limited per ADS  0.06 0.31
(US$)

Non-GAAP net income for the full year 2012 was US$3.2 million, compared with
non-GAAP net income of US$18.2 million in 2011.

                        FY12 FY11
EBITDA, non-GAAP (US$mm) 9.1  21.6

EBITDA, non-GAAP, was US$9.1 million for the year ended December 31, 2012,
compared with US$21.6 million for the year ended December 31, 2011.

Cash and Cash Flow

As of December 31, 2012, Bona had cash and cash equivalents, term deposits and
restricted cash totaling US$28.0 million, compared with US$30.2 million as of
December 31, 2011. Operating cash flow for 2012 was a net outflow of
approximately US$10.0 million, compared with a net inflow of US$2.2 million
for the full year 2011. The change in cash flow was mainly attributable to
investment in several films released in 2012 or scheduled for release in 2013.

Business Outlook

Based on current market and operating conditions, the Company expects non-GAAP
net income for the first quarter of 2013 to be in the range of US$1.2 million
to US$1.5 million.

Mr. Yu added, "2013 has gotten off to a strong start, led by the first quarter
releases of The Grandmasters, surprise hit Bring Happiness Home, as well as
Angry Kid and Princess and the Seven Kung Fu Masters. We have a strong film
slate for the remainder of the year, with several potential hits including
Overheard 3, My Lucky Star and The White Haired Witch, and expect to realize
further benefits from our theater expansion. We expect another year of
significant growth for China's film industry and believe that these favorable
industry dynamics in conjunction with the execution of our growth strategy
will lead to a successful year for Bona."

Fourth Quarter 2012 Conference Call Details

Bona management will hold the earnings conference call at 8:00 p.m. Eastern
Time on Monday, April 1, 2013 (8:00 a.m. Beijing/Hong Kong Time on Tuesday,
April 2, 2013). Management will discuss results and highlights of the quarter
and answer questions from investors.

The dial-in numbers for the earnings conference call are as follows:

U.S. Toll Free: +1-855-500-8701
Hong Kong Toll Free: 800-903-737
China, Domestic: 400-120-0654
International: +65-6723-9385

The conference ID # is 16496567

A live and archived webcast of the earnings conference call will be available
on Bona's Investor Relations website at http://ir.bonafilm.cn/events.cfm.

About Bona Film Group Limited

Bona Film Group Limited (Nasdaq:BONA) is a leading film distributor in China,
with an integrated business model encompassing film distribution, film
production, film exhibition and talent representation. Bona distributes films
to Greater China, Korea, Southeast Asia, the United States and Europe, invests
and produces movies in a variety of genres, owns and operates twenty movie
theaters and manages a range of talented and popular Chinese artists.

For more information about Bona, please visit http://www.bonafilm.cn.

To be added to Bona's email list to receive Company news, please send your
request to bona@tpg-ir.com.

Forward Looking Statements

This news release may contain certain "forward-looking statements" within the
meaning of Section 27A of the Securities Act of 1933, as amended, and Section
21E of the Securities Exchange Act of 1934, as amended, and as defined in the
U.S. Private Securities Litigation Reform Act of 1995. These forward-looking
statements can be identified by terminology such as "will," "expects,"
"anticipates," "future," "intends," "plans," "believes," "estimates" and
similar statements. All statements other than statements of historical fact in
this press release are forward-looking statements and involve certain risks
and uncertainties that could cause actual results to differ materially from
those in the forward-looking statements. These forward-looking statements are
based on management's current expectations, assumptions, estimates and
projections about the Company and the industry in which the Company operates,
but involve a number of unknown risks and uncertainties, Further information
regarding these and other risks is included in the Company's filings with the
U.S. Securities and Exchange Commission. The Company undertakes no obligation
to update forward-looking statements to reflect subsequent occurring events or
circumstances, or changes in its expectations, except as may be required by
law. Although the Company believes that the expectations expressed in these
forward-looking statements are reasonable, it cannot assure you that such
expectations will turn out to be correct, and actual results may differ
materially from the anticipated results. You are urged to consider these
factors carefully in evaluating the forward-looking statements contained
herein and are cautioned not to place undue reliance on such forward-looking
statements, which are qualified in their entirety by these cautionary
statements.

Non-GAAP Financial Measures

To supplement Bona's consolidated financial results presented in accordance
with GAAP, Bona uses the following measures defined as non-GAAP financial
measures by the SEC: non-GAAP net income, non-GAAP net income attributable to
Bona Film Group Limited per ADS, which exclude share-based compensation
expenses, and EBITDA, non-GAAP, which excludes interest, taxes, and non-cash
depreciation and amortization charges. The presentation of these non-GAAP
financial measures is not intended to be considered in isolation, as a
substitute for, or to be superior to the financial information prepared and
presented in accordance with GAAP. In addition, Bona's definition of non-GAAP
net income may be different from the definitions used by other companies, and
therefore comparability may be limited.

Bona believes that these non-GAAP financial measures provide meaningful
supplemental information regarding its performance by excluding certain
expenses and expenditures that may not be indicative of its operating
performance and a supplemental liquidity measure which is useful for
understanding and evaluating the Company's capacity for servicing its debt,
and otherwise meeting its cash needs. Because EBITDA, non-GAAP, excludes
depreciation and amortization, EBITDA, non-GAAP, does not reflect any cash
requirements for the replacement of the assets being depreciated and
amortized, which assets will often have to be replaced in the future. The
Company believes that both management and investors benefit from referring to
these non-GAAP financial measures in assessing the Company's performance and
liquidity, and when planning and forecasting future periods. The table appears
at the end of this press release has more details on the reconciliations
between GAAP financial measures that are comparable to non-GAAP financial
measures.

^1 "ADS" is American depositary share. Each two ADSs represent one ordinary
share.

^2 As used in this press release, non-GAAP net income and non-GAAP net income
attributable to Bona Film Group Limited per ADS exclude share-based
compensation. EBITDA, non-GAAP, excludes interest, taxes and non-cash
depreciation and amortization charges. See "Non- GAAP Financial Measures" and
"Reconciliation of Non-GAAP Measures" at the end of this press release.

^3Segment profit is gross profit less film participation expense by segments
for the periods indicated.


Unaudited Condensed Consolidated Statement of Operations
(in U.S. dollars, except share data)
                                                             
                       Three-months ended Dec. 31 Twelve-months ended Dec. 31
                       2012          2011         2012          2011
                                                             
Net revenue             53,226,173    52,649,520   142,282,919   126,161,270
Cost of revenue         43,130,900    31,734,002   86,085,046    66,458,217
Gross profit            10,095,273    20,915,518   56,197,873    59,703,053
                                                             
Film participation      (436,890)     265,977      438,636       321,100
expense
Sales and marketing     6,174,117     8,469,567    18,490,433    18,506,262
General and             13,083,391    8,812,806    41,890,064    28,371,497
administrative
Total operating         18,820,618    17,548,350   60,819,133    47,198,859
expenses
                                                             
Government Subsidies    3,011,685     --           3,866,700     220,559
                                                             
Operating (loss) income (5,713,660)   3,367,168    (754,560)     12,724,753
                                                             
Interest income         (10,016)      69,889       246,423       248,266
Interest expense        (178,231)     (295,436)    (399,319)     (589,833)
Exchange gain           635,081       1,149,898    373,265       1,748,044
Interest income from TV --            141,545      --           141,545
series investment
Other income            71,429        351,279      288,157       770,081
Investment Loss         --            --           -5,584        --
                                                             
(Loss) Income before
income tax provision,
equity in earnings of   (5,195,397)   4,784,343    (251,618)     15,042,856
affiliated companies,
and net of taxes
                                                             
Provision for income    333,611       (939,055)    1,322,368     473,542
taxes
Equity in earnings of
affiliated companies,   --          (7,478)      5,604         3,062
net of taxes
                                                             
Net (loss) income       (5,529,008)   5,715,920    (1,568,382)   14,572,376
                                                             
Less: Net (loss) income (165,499)     79,843       (284,500)     140,295
attributable
to the noncontrolling                                         
interests
                                                             
Net (loss) income       (5,363,509)   5,636,077    (1,283,882)   14,432,081
attributable
to Bona Film Group                                            
Limited
                                                             
                                                             
Net (loss) income attributable to                              
Bona Film Group Limited per ADS
Basic                   (0.09)        0.1          (0.02)        0.25
Diluted                 (0.09)        0.09         (0.02)        0.24
                                                             
                                                             
Weighted average shares used in calculating net                 
income per ordinary share
Basic                   29,666,695    29,363,899   29,514,979    29,353,936
Diluted                 29,666,695    29,723,759   29,514,979    29,844,462


Unaudited Condensed Statement of Consolidated Comprehensive Income
(in U.S. dollars)
                                                              
                       Three-months ended Dec. 31 Twelve-months ended Dec. 31
                       2012           2011        2012           2011
                                                              
                                                              
Net (loss) income       (5,529,008)    5,715,920   (1,568,382)    14,572,376
Other comprehensive income, net of tax                          
Foreign currency       842,939        1,193,882   1,030,733      3,449,951
translation adjustments
Comprehensive (loss)    (4,686,069)    6,909,802   (537,649)      18,022,327
income
Less: comprehensive
(loss) income attribute (150,142)      107,250     (282,552)      188,095
to the noncontrolling
interests
Comprehensive (loss)
income attributable to  (4,535,927)    6,802,552   (255,097)      17,834,232
Bona Film Group Ltd.


Unaudited Condensed Consolidated Balance Sheets
(in U.S. dollars, except share data)
                                                                 
                                                      Dec. 31     Dec 31,
                                                      2012        2011
                                                                 
Cash                                                   23,227,922  20,107,349
Term Deposit                                           --          6,038,107
Restricted Cash                                        4,815,332   4,066,162
Accounts receivable, net of allowance for doubtful     40,307,672  41,642,787
accounts
Prepaid expenses and other current assets              23,329,262  27,335,348
Amount due from related parties                        343,817     1,183,083
Current deferred tax assets                            970,683     15,697
Inventory                                              276,436     228,412
Total current assets                                   93,271,124  100,616,945
                                                                 
Distribution rights                                    11,406,692  3,663,966
Production costs                                       90,345,409  69,844,822
Prepaid film costs                                     7,426,915   6,340,770
Property and equipment, net                            60,208,609  40,208,447
Acquired intangible assets                             3,189,481   3,993,152
Non-current deferred tax assets                        311,102     320,670
Long-term investments                                  1,296,307   150,670
Goodwill                                               49,110,021  48,612,487
Total assets                                           316,565,660 273,751,929
                                                                 
Accounts payable                                       35,257,660  27,807,118
Accrued expenses and other current liabilities         28,145,099  27,239,987
Amounts due to related parties                         5,746,328   3,027,872
Income taxes payable                                   2,420,443   795,229
Bank borrowing                                         12,542,161  12,561,806
Other borrowing                                        8,671,050   1,831,658
Current film participation liabilities                 15,086,892  16,224,219
Total current liabilities                              107,869,633 89,487,889
                                                                 
Bank borrowing- Long term                             18,025,553  --
Deferred income                                        813,681     1,056,676
Deferred tax liability                                 211,203     413,219
Total liabilities                                      126,920,070 90,957,784
                                                                 
Ordinary shares (par value of US$0.0005 per share,
85,000,000 shares authorized, 30,402,346 and
29,389,089 shares issued and outstanding as of         14,869      14,695
December 31, 2011 and 30,402,346 and 29,737,257 shares
issued and outstanding as of Dec 31, 2012.)
Additional paid-in capital                             176,134,737 169,519,847
Statutory reserves                                     2,543,272   2,044,870
Accumulated deficit                                    550,518     2,332,802
Accumulated other comprehensive income                 6,465,090   5,436,305
Total Bona Film Group Limited's equity                 185,708,486 179,348,519
                                                                 
Noncontrolling interests                               3,937,104   3,445,626
Total equity                                           189,645,590 182,794,145
                                                                 
Total liabilities and equity                           316,565,660 273,751,929


Unaudited Reconciliation of Non-GAAP Measures
(in U.S. dollars)
                                                              
                       Three-months ended Dec. 31 Twelve-months ended Dec. 31
                       2012           2011        2012           2011
                                                              
Net (loss) income      (5,529,008)    5,715,920   (1,568,382)    14,572,376
                                                              
Share-based             1,367,266      441,389     4,803,163      3,647,143
compensation
                                                              
                                                              
Non-GAAP Net (loss)     (4,161,742)    6,157,309   3,234,781      18,219,519
income
                                                              
                                                              
Interests               188,247        84,002      152,896        200,022
Taxes                   333,611        (939,055)   1,322,368      473,542
Depreciation &          1,212,750      1,119,446   4,370,679      2,711,958
Amortization
                                                              
EBITDA, non-GAAP        (2,427,134)    6,421,702   9,080,725      21,605,041

CONTACT: In China:
         Ms. Lingzi Gui
         Bona Film Group Limited
         Tel: +86-10-5928-3663-398
         Email: ir@bonafilm.cn
        
         In the U.S.:
         The Piacente Group, Inc.
         Investor Relations
         Brandi Floberg or Lee Roth
         Tel: (212) 481-2050
         Email: bona@tpg-ir.com

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