一、本人已经通过视觉（中国）文化发展股份有限公司第十届董事会 提名委员会或者独立董事专门会议资格审查，提名人与本人不存在利害关系 或者其他可能影响独立履职情形 的密切关系。 是 □ 否 如否，请详细说明： 二、本人不存在《中华人民共和国公司法》第一百四十六条等规定不得担 任公司董事的情形。 是 □ 否 如否，请详细说明： 证券代码：000681 证券简称：视觉中国 公告编号：2024-051 视觉（中国）文化发展股份有限公司 独立董事候选人声明与承诺 声明人张磊作为视觉（中国）文化发展股份有限公司（以下简称"该公 司"）第十届董事会独立董事候选人，已充分了解并同意由提名人视觉（中国） 文化发展股份有限公司董事会提名为视觉（中国）文化发展股份有限公司第十 届董事会独立董事候选人。现公开声明和保证，本人与该公司之间不存在任何 影响本人独立性的关系，且符合相关法律、行政法规、部门规章、规范性文件 和深圳证券交易所业务规则对独立董事候选人任职资格及独立性的要求，具体 声明并承诺如下事项： 三、本人符合中国证监会《上市公司独立董事管理办法》和深圳证券交易 所业务规则规定的独立董事任职资格和条件。 是 □ 否 如否，请详 ...

证券代码：000681 证券简称：视觉中国 公告编号：2024-052 视觉（中国）文化发展股份有限公司 关于召开 2024 年第一次临时股东大会通知的公告 本公司及董事会全体成员保证信息披露的内容真实、准确、完整，没有虚假 记载，误导性陈述或重大遗漏。 一、召开会议的基本情况 1．股东大会届次：2024年第一次临时股东大会 2．会议召集人：公司董事会 2024年9月27日召开的第十届董事会第二十次会议审议通过了《关于召开公 司2024年第一次临时股东大会的议案》。 3．会议召开符合《公司法》《上市公司股东大会规则》《深圳证券交易所 股票上市规则》及《公司章程》等有关规定。 4．会议召开日期、时间： （1）在股权登记日持有公司股份的股东(含表决权恢复的优先股股东)或其 代理人。在股权登记日下午收市时在中国结算深圳分公司登记在册的公司全体普 通股股东（含表决权恢复的优先股股东）均有权出席股东大会，并可以以书面形 式委托代理人出席会议和参加表决，该股东代理人不必是本公司股东。 （2）公司董事、监事和高级管理人员。 (1)现场会议召开时间：2024年10月14日（星期一）下午15:00。 (2)网络投票时间： 通过 ...

证券代码：000681 证券简称：视觉中国 公告编号：2024-046 视觉（中国）文化发展股份有限公司 2024年半年度权益分派实施公告 本公司及董事会全体成员保证信息披露的内容真实、准确、完整，没有虚假 记载，误导性陈述或重大遗漏。 特别提示： 1. 根据《公司法》、《深圳证券交易所上市公司自律监管指引第9号——回购 股份》等相关规定，视觉（中国）文化发展股份有限公司(以下简称"公司"或 "本公司")通过回购专用证券账户持有的本公司股份不享有参与利润分配的权 利。2024年8月29日，公司召开的第十届董事会第十九次会议审议通过了《关于 公司2024年半年度利润分配预案的议案》：以公司总股本700,577,436股扣除存放 于公司回购专用证券账户的股份数为基数，本期按照每10股派现金0.08元（含税） 向全体股东实施利润分配，共计分配利润5,596,629.09元。除此之外，不再进行 送股或资本公积金转增股本。 2. 因公司回购证券账户股份不参与分红，本次权益分派实施后，根据股票 市值不变原则，实施权益分派前后公司总股本保持不变，现金分红总额分摊到每 一股的比例将减小，因此，本次权益分派实施后除权除息价格计 ...

本公司及董事会全体成员保证信息披露的内容真实、准确、完整，没有虚假 记载，误导性陈述或重大遗漏。 视觉（中国）文化发展股份有限公司（以下简称"公司"）于 2023 年 8 月 31 日召开的第十届董事会第十次会议，审议通过了《关于回购公司股份方案的 议案》，同意公司使用自有或自筹资金以集中竞价交易方式回购部分公司已在境 内发行的人民币普通股（A 股）股票，用于实施员工持股计划或股权激励。本次 回购金额不低于人民币 3,500 万元（含本数）不超过 7,000 万元（含本数），回 购价格不超过人民币 25.75 元/股（含本数），回购股份实施期限为自股东大会审 议通过本回购方案之日起 12 个月内。2023 年 9 月 18 日，上述议案已经公司 2023 年第二次临时股东大会审议通过。 具体内容详见公司分别于 2023 年 9 月 1 日、9 月 19 日披露于巨潮资讯网 （www.cninfo.com.cn）、《中国证券报》《上海证券报》及《证券日报》的《视 觉中国：第十届董事会第十次会议决议公告》（公告编号：2023-046）、《视觉 中国：关于回购公司股份方案的公告》（公告编号：2023-047）及《视 ...

Investment Rating - The investment rating for the company is "Accumulate" [1] Core Views - The company reported stable revenue growth and a mid-term dividend plan, with H1 2024 revenue reaching 399 million yuan, a year-on-year increase of 7.56%, while net profit attributable to shareholders decreased by 44% to 51 million yuan [1] - The audio-visual business is rapidly growing, with audio-visual sales accounting for 31.99% of total revenue, an increase of 26.83 percentage points year-on-year [1] - The company is advancing its "AI + content + scenario" strategy, providing compliant data services to AI model companies and enhancing user interaction through AI search functions [1] Summary by Sections Financial Performance - In H1 2024, the company achieved operating revenue of 399 million yuan, a year-on-year increase of 7.56% - The net profit attributable to shareholders was 51 million yuan, down 44% year-on-year, while the net profit after deducting non-recurring gains and losses was 49 million yuan, up 11.8% year-on-year [1][2] - The company plans to distribute a cash dividend of 0.08 yuan per 10 shares [1] Business Development - The company is focusing on expanding its audio-visual content, with over 46 million audio-visual content materials and a significant increase in sales from this segment [1] - Strategic investments were made in leading 3D content manufacturing companies to enhance the copyright content library [1] - The online trading platform's sales proportion increased from 15.66% to 29.21% year-on-year, significantly improving service capabilities for small and medium enterprises [1] Strategic Initiatives - The company has established an "AI + content + scenario" strategy, leveraging its extensive compliant content data to support AI model companies [1] - The launch of AI search functions on its platforms has improved user interaction [1] - The company is collaborating with AI model trainers to provide customized AIGC content services [1] Profit Forecast - The company is expected to achieve net profits of 147 million yuan, 176 million yuan, and 202 million yuan for 2024, 2025, and 2026 respectively, with corresponding EPS of 0.21 yuan, 0.25 yuan, and 0.29 yuan [1][2]

Investment Rating - The report maintains a "Buy" rating for the company [2][9]. Core Views - The company's main business remains stable, with an improved ability to serve small and medium-sized enterprises, as evidenced by a 7.6% year-on-year revenue growth in H1 2024 [2]. - The integration of AI and 3D technologies is expected to empower the main business and create new growth opportunities [2]. Revenue Analysis - H1 2024 revenue reached 400 million RMB, a 7.6% increase year-on-year, with significant contributions from audio-visual sales and e-commerce platform transactions [2]. - The proportion of audio-visual sales in total revenue increased from 5.2% in H1 2023 to 32.0% in H1 2024, while e-commerce platform transaction sales rose from 15.7% to 29.2% in the same period [2]. Profitability Analysis - The net profit margin for H1 2024 was 12.8%, with a slight increase in Q2 2024 to 15.6% [2]. - The gross profit margin for H1 and Q2 2024 was 46.9% and 43.2%, respectively, reflecting a decrease due to changes in revenue structure following the consolidation of Guangchang Creative [2]. Future Outlook - The company is expected to achieve net profits of 130 million, 160 million, and 180 million RMB for 2024, 2025, and 2026, respectively, with corresponding P/E ratios of 61.0, 49.7, and 43.4 [2].

Investment Rating - The investment rating for the company is "Outperform the Market" [1][3][5] Core Views - The company has shown an upward trend in non-net profit, with a 7.56% increase in revenue to 399 million yuan and a 44.04% decrease in net profit to 51 million yuan year-on-year for the first half of 2024. The adjusted net profit, excluding certain factors, increased by 11.79% to 49 million yuan [1][4] - The company is focusing on enhancing its content service capabilities and maintaining high customer retention, with significant growth in audio-visual and 3D content resources [1][4] - The strategic initiative "AI + Content + Scenarios" is being actively pursued, leveraging AI technology to enhance product experience and service capabilities [5][6] Summary by Sections Financial Performance - In the first half of 2024, the company achieved a revenue of 399 million yuan and a net profit of 51 million yuan, with respective year-on-year changes of 7.56% and -44.04%. The fully diluted EPS was 0.07 yuan. The adjusted net profit, excluding investment income effects, was 49 million yuan, reflecting an 11.79% increase [1][4] - For Q2 2024, the company reported a revenue of 224 million yuan and a net profit of 38 million yuan, with year-on-year changes of -6.1% and 2.2%, respectively [1][4] Business Strategy - The company is expanding its content offerings beyond images to include audio-visual and 3D resources, with over 46 million audio-visual materials and a revenue share from this segment increasing from 5.16% to 31.99% year-on-year [1][4] - The company has established strategic partnerships with major platforms such as Alibaba, Tencent, and Huawei, enhancing its B2B2C model through AI technology [1][4] Future Outlook - The company maintains its profit forecast, expecting net profits of 176 million yuan, 203 million yuan, and 221 million yuan for 2024, 2025, and 2026, respectively, with corresponding diluted EPS of 0.25 yuan, 0.29 yuan, and 0.32 yuan [1][5][7] - The current stock price corresponds to a PE ratio of 43, 38, and 35 for the years 2024, 2025, and 2026, indicating potential for resource value reassessment and business model innovation in the AIGC era [1][5][7]

Investment Rating - The investment rating for the company is "Accumulate - A" [3] Core Views - The company reported a revenue of 399 million yuan in the first half of 2024, representing a year-on-year growth of 7.56%, while the net profit attributable to the parent company was 51 million yuan, down 44.04% year-on-year due to increased investment income in the same period last year [1] - The company is transitioning from a cultural media enterprise to a cultural technology enterprise that emphasizes both content and technology, focusing on customer needs and exploring AI application scenarios [1] - The company has built a comprehensive content reserve from images and videos to 3D content, with audio content sales increasing from 5.16% of total revenue in the first half of 2023 to 31.99% in the first half of 2024 [1] - Strategic investments in 3D content manufacturing and creator communities are aimed at enhancing the company's service capabilities [1] - The company is exploring various AI application scenarios to improve its content ecosystem, with significant user engagement on its AI-related platforms [1] Financial Data and Valuation - The company’s projected revenue for 2024 is 905 million yuan, with a year-on-year growth of 15.9% [2] - The net profit attributable to the parent company is expected to remain stable at 146 million yuan for 2024, with a slight increase to 185 million yuan in 2025 and 220 million yuan in 2026 [2] - The projected EPS for 2024 is 0.21 yuan, with expected increases to 0.26 yuan in 2025 and 0.31 yuan in 2026 [2] - The company’s P/E ratio is projected to decrease from 52.1 in 2024 to 34.5 in 2026, indicating a potential improvement in valuation [2] Market Position - As of August 30, 2024, the company's stock price is 11.10 yuan, with a total market capitalization of approximately 7.78 billion yuan [3] - The company has a total share capital of 700.58 million shares, with a circulating market value of 7.50 billion yuan [3]

证券研究报告 | 半年报点评 gszqdatemark 2024 08 30 年 月 日 视觉中国（000681.SZ） 服务中小企业能力显著增强，进军 3D 内容服务市场 事件：公司发布 2024 年半年报，2024H1 公司实现营业收入 3.99 亿元，同比增长 7.56%；实现归母净利润 0.51 亿元，同比下滑 44.04%；实现扣非归母净利润 0.49 元，同比增长 11.79%。2024Q2 公司实现营业收入 2.24 亿元，同比下滑 6.14%， 环比增长 28.32%；实现归母净利润 0.35 亿元，同比增长 2.21%，环比增长 120.40%；实现扣非归母净利润 0.33 亿元，同比下滑 6.87%，环比增长 102.88%。 电商平台交易额占比提升，服务中小企业能力显著增强。2024H1，公司加强数字 内容版权交易平台建设，通过标准化、平台化的产品服务覆盖市场。针对 KA 客户， 公司依托 vcg.com 网站，发挥全品类内容优势，根据市场变化规划不同的产品线。 公司立足扩大中小企业、C 端用户市场的占有率的策略，提供标准化、自助化程度 高的在线交易电商平台。公司下属的音视频电商平台光厂 ...