Core Points - The Shanghai Composite Index is at 3966.25 points, above the six-month moving average, with a decline of 0.52% [1] - A total of 257 A-shares have surpassed the six-month moving average today, with notable stocks showing significant deviation rates [1] Summary by Category Stock Performance - The total trading volume of A-shares today is 115.87 billion yuan [1] - Stocks with the highest deviation rates include: - Yatong Precision Engineering: 8.41% deviation, closing at 25.23 yuan, with a daily increase of 9.98% and a turnover rate of 27.37% [1] - Aorui Technology: 6.91% deviation, closing at 3.56 yuan, with a daily increase of 9.88% and a turnover rate of 8.56% [1] - Zhuoyue New Energy: 6.42% deviation, closing at 48.54 yuan, with a daily increase of 8.71% and a turnover rate of 1.83% [1] Additional Notable Stocks - Other stocks with significant performance include: - Hualan Group: 5.49% deviation, closing at 17.75 yuan, with a daily increase of 7.58% [1] - Wento Holdings: 5.09% deviation, closing at 2.59 yuan, with a daily increase of 5.71% [1] - Stocks with smaller deviation rates that just crossed the six-month line include Southeast Electronics, Meixin Yishen, and Renfu Pharmaceutical [1]

Core Viewpoint - Visual China (SZ000681) experienced a trading halt with a price of 22.17 yuan, marking a 10.02% increase and a total market capitalization of 15.532 billion yuan, driven by advancements in AI business and governance optimization [1][2]. Group 1: Company Developments - The company reported that its AI-driven creative customization business grew over 20% year-on-year, supported by 700 million compliant content data for AI training, indicating progress in the AI sector [2]. - Visual China has established an industrial investment fund to expand into the AI, content, and digital technology sectors, enhancing its competitive edge [2]. - The company has revised several management systems, including market value management and insider information management, to optimize its governance structure [2]. Group 2: Industry Context - The application of AI technology in media and content creation is increasingly widespread, aligning with Visual China's strategic focus on AI business development [2]. - The current market shows heightened interest in AI-related concepts, with positive performance from similar stocks, creating a sector-wide momentum [2]. Group 3: Financial Indicators - Although specific data on capital flow was not provided, the company's stable net cash flow from operating activities suggests a solid business foundation [2]. - The actual controller's release of 12 million shares from pledge reduces equity pledge risks, potentially attracting investor interest [2]. - Technical analysis indicates that the stock price may break through key resistance levels, contributing to the trading halt [2].

证券代码：000681 证券简称：视觉中国 公告编号：2025-054 视觉（中国）文化发展股份有限公司 关于全资子公司与专业投资机构共同投资的公告 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。 视觉（中国）文化发展股份有限公司（以下简称"公司"或"本公司"）于 2025 年 10 月 30 日召开公司总裁办公会 2025 年第十三次会议，审议通过了《关于全 资子公司与专业投资机构共同投资的议案》，现将具体情况公告如下： 一、投资概述 公司全资子公司北京华夏视觉科技集团有限公司（以下简称 "北京华夏"） 拟与其投资的天津优达尚融产业并购股权基金合伙企业（有限合伙）（以下简称 "优达基金"）、华盖资本有限责任公司（以下简称"华盖资本"）共同出资设立天 津数赢华盖智能科技合伙企业（有限合伙）（暂定名，实际以工商设立为准，以 下简称"数赢基金"）。设立完成后，北京华夏担任数赢基金的有限合伙人，基金 认缴出资总额为人民币 8,100 万元，北京华夏认缴出资额人民币 2,000 万元，占 比 24.69%。 根据《深圳证券交易所股票上市规则》及《公司章程》等有关规定， ...

Core Insights - Visual China reported a revenue of 610 million yuan for the first three quarters of 2025, representing a year-on-year growth of 0.30% [1] - The company's net profit attributable to shareholders was 74.314 million yuan, a decrease of 9.03% year-on-year [1] - The basic earnings per share stood at 0.11 yuan [1] Financial Performance - The gross profit margin for the first three quarters of 2025 was 42.75%, down 3.48 percentage points year-on-year [2] - The net profit margin was 13.44%, a decline of 1.47 percentage points compared to the same period last year [2] - In Q3 2025, the gross profit margin was 43.35%, showing a year-on-year decrease of 1.58 percentage points but a quarter-on-quarter increase of 2.70 percentage points [2] - The net profit margin for Q3 2025 was 15.82%, down 0.57 percentage points year-on-year but up 2.15 percentage points from the previous quarter [2] Expense Management - Total operating expenses for Q3 2025 were 195 million yuan, a decrease of 7.5281 million yuan year-on-year [2] - The expense ratio was 31.92%, down 1.33 percentage points from the same period last year [2] - Sales expenses increased by 6.23%, while management expenses decreased by 1.07%, R&D expenses decreased by 15.37%, and financial expenses decreased by 22.58% [2] Shareholder Information - As of the end of Q3 2025, the total number of shareholders was 120,900, a decrease of 17,400 or 12.60% from the end of the previous half [2] - The average market value per shareholder increased from 102,000 yuan at the end of the previous half to 118,600 yuan, reflecting a growth of 16.23% [2] Company Overview - Visual China is located in Beijing and was established on May 28, 1994, with its listing date on January 21, 1997 [3] - The company's main business includes the production and distribution of TV dramas, indoor smart entertainment in theme parks, and the sale of visual materials (images, videos, etc.) and value-added services [3] - The revenue composition is primarily from visual content and services at 99.92% [3]

Core Viewpoint - Visual China (000681.SZ) reported a slight increase in revenue for the first three quarters of 2025, but a decline in net profit compared to the previous year [1] Financial Performance - The company's revenue for the first three quarters reached 610 million yuan, representing a year-on-year growth of 0.30% [1] - Net profit attributable to shareholders was 74.314 million yuan, showing a year-on-year decrease of 9.03% [1] - The net profit attributable to shareholders after deducting non-recurring gains and losses was 71.265 million yuan, down 10.17% year-on-year [1] - Basic earnings per share stood at 0.1061 yuan [1]

南方财经10月30日电，视觉中国10月30日公告，2025年第三季度实现营业收入2.11亿元，同比增长 0.78%；归属于上市公司股东的净利润3053.52万元，同比下降1%；基本每股收益0.0436元。前三季度实 现营业收入6.1亿元，同比增长0.30%；归属于上市公司股东的净利润7431.4万元，同比下降9.03%；基 本每股收益0.1061元。 ...

文化产业投资基金的进展公告 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。 证券代码：000681 证券简称：视觉中国 公告编号：2025-053 视觉（中国）文化发展股份有限公司 关于全资子公司投资认购华盖安鹭(厦门) 一、投资文化基金概况 二○二五年十月三十日 1.公司2025年第十三次总裁办公会会议决议； 2.《华盖安鹭（厦门）文化产业投资合伙企业（有限合伙）合伙企业决定书》。 2025年10月30日，因基金部分项目未退出，公司2025年第十三次总裁办公会 审议通过了《关于华盖安鹭（厦门）文化产业投资合伙企业（有限合伙）延期的 议案》，同意将基金的存续期限延长一年至2026年4月26日。 三、备查文件 视觉（中国）文化发展股份有限公司 董 事 会 2018年6月14日，视觉（中国）文化发展股份有限公司（以下简称"公司"） 第八届董事会第三十七次会议审议通过了《关于全资子公司投资认购华盖安鹭 （厦门）文化产业投资基金的议案》，同意子公司常州远东文化产业有限公司以 自有资金出资人民币15,000万元认缴华盖安鹭（厦门）文化产业投资合伙企业（有 限合伙）（以下 ...

证券代码：000681 证券简称：视觉中国 公告编号：2025-051 视觉（中国）文化发展股份有限公司 详见与本公告同日刊登于《中国证券报》《上海证券报》《证券日报》和巨 潮资讯网的《视觉中国：2025 年三季度报告》（公告编号：2025-052）。 本议案无需提交股东大会审议。 三、 备查文件 第十一届董事会第五次会议决议公告 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、 董事会会议召开情况 视觉（中国）文化发展股份有限公司（以下简称"公司"）第十一届董事会第 五次会议于 2025 年 10 月 30 日上午在公司会议室以现场结合通讯方式召开，会 议通知于 2025 年 10 月 28 日以电子邮件方式送达全体董事。公司应到会董事 5 人，实际到会董事 5 人，参与表决董事 5 人，其中董事吴斯远先生，独立董事陆 先忠先生、张磊先生以通讯方式出席会议，公司高级管理人员列席了本次会议， 会议由董事长廖杰先生主持。本次会议的召集、召开和表决程序符合《公司法》 《证券法》及《公司章程》的规定。会议以现场及通讯表决方式审议通过了以下 议案： 二、 董事会会 ...

Market Overview - The digital media sector experienced a decline of 0.96% on October 30, with FanTuo leading the drop [1] - The Shanghai Composite Index closed at 3986.9, down 0.73%, while the Shenzhen Component Index closed at 13532.13, down 1.16% [1] Stock Performance - Notable stock performances include: - People's Daily (603000) closed at 19.84, up 2.01% with a trading volume of 248,800 shares and a turnover of 497 million yuan [1] - FanTuo Education (301313) closed at 29.70, down 2.69% with a trading volume of 85,000 shares and a turnover of 256 million yuan [2] - Visual China (000681) closed at 20.15, down 2.23% with a trading volume of 342,300 shares and a turnover of 695 million yuan [2] Capital Flow - The digital media sector saw a net outflow of 80.76 million yuan from institutional investors, while retail investors contributed a net inflow of 33.11 million yuan [2] - The capital flow for key stocks includes: - People's Daily had a net inflow of 50.39 million yuan from institutional investors, but a net outflow of 36.25 million yuan from retail investors [3] - Mango Super Media (300413) experienced a net outflow of 5.15 million yuan from institutional investors, with a net inflow of 1.63 million yuan from retail investors [3]

Financial Performance - The company's revenue for Q3 2025 was ¥210,822,520.63, representing a year-on-year increase of 0.78%[5] - The net profit attributable to shareholders for Q3 2025 was ¥30,535,160.09, a decrease of 1.00% compared to the same period last year[5] - The cumulative revenue for the first three quarters of 2025 reached ¥609,853,843.18, showing a slight increase of 0.30% year-on-year[9] - The cumulative net profit attributable to shareholders for the first three quarters was ¥74,313,981.62, reflecting a decline of 9.03% year-on-year[9] - The basic earnings per share for Q3 2025 was ¥0.0436, down 1.35% from the previous year[5] - The company's operating profit decreased to ¥93,453,590.90 from ¥101,742,670.19, representing a decline of approximately 12.6% year-over-year[26] - Net profit attributable to shareholders was ¥74,313,981.62, down from ¥81,693,083.38, reflecting a decrease of about 9.4%[27] - Total comprehensive income increased to ¥78,003,040.11 compared to ¥66,951,000.46, marking an increase of approximately 16.3%[27] Assets and Liabilities - Total assets at the end of Q3 2025 amounted to ¥4,425,338,840.20, an increase of 3.48% from the end of the previous year[5] - As of September 30, 2025, the company's total assets amounted to 4,425,338,840.20 yuan, an increase from 4,276,704,995.06 yuan at the beginning of the period[24] - The company’s total liabilities as of September 30, 2025, were 766,477,444.98 yuan, up from 671,119,046.74 yuan at the beginning of the period[24] - The company’s non-current liabilities totaled 282,457,731.47 yuan, an increase from 212,710,509.75 yuan at the beginning of the period[24] Cash Flow - The company’s cash flow from operating activities for the year-to-date was ¥64,518,390.36, up 1.65% year-on-year[5] - Cash flow from operating activities generated a net amount of ¥64,518,390.36, slightly up from ¥63,471,058.97, indicating a growth of about 1.6%[29] - Cash flow from investing activities resulted in a net outflow of ¥114,144,474.21, worsening from a net outflow of ¥60,991,438.24[29] - Cash and cash equivalents at the end of the period stood at ¥482,177,884.83, compared to ¥348,290,828.45 at the end of the previous period, showing an increase of approximately 38.3%[30] Shareholder Information - The total number of common shareholders at the end of the reporting period is 120,907[13] - The largest shareholder, Wu Yurui, holds 10.98% of shares, totaling 76,891,290 shares[13] - The company’s shareholder, Liao Daoxun, pledged 12 million shares, representing 1.71% of the total share capital[20] Dividends and Incentives - The company plans to distribute a total cash dividend of 14,691,151.36 RMB for the 2024 fiscal year, with a distribution rate of 0.13 RMB per 10 shares[19] - The company approved a profit distribution plan for the first half of 2025, distributing a total of 7,695,365.00 yuan, which is 0.11 yuan per share for every 10 shares[20] - The company approved the 2023 Restricted Stock Incentive Plan, with 129,000 shares (0.02% of total shares) eligible for unlocking[16] - The 2023 Employee Stock Ownership Plan allows for the unlocking of 294,000 shares (0.04% of total shares) based on achievement of conditions[17] Expenses - The total operating costs for the current period were 546,135,629.06 yuan, compared to 531,339,791.70 yuan in the previous period[25] - Research and development expenses decreased to ¥51,146,670.25 from ¥60,438,157.01, a reduction of about 15.4%[26] - Sales expenses increased to ¥59,151,503.80 from ¥55,681,673.07, reflecting an increase of approximately 8.4%[26] Other Income - The company reported a government subsidy of ¥483,115.45 for the current period, contributing to its non-operating income[7] - The increase in trading financial assets at the end of the period was ¥63,241,500, primarily due to the growth in structured deposits[11] - The company experienced a decrease in credit impairment losses by ¥193,410.00, indicating improved collection of receivables[11] - The company reported investment income of ¥26,793,363.00, up from ¥25,165,699.64, indicating an increase of about 6.5%[26] - The company experienced a decrease in other comprehensive income, with a net amount of -¥3,971,673.00 compared to -¥23,713,393.37, showing an improvement in losses[27]