Group 1 - The company Visual China announced a cash dividend distribution plan for the first half of 2025, proposing a payout of 0.110000 RMB per 10 shares for all shareholders, with a different rate for certain investors [1] - The record date for the dividend is set for September 24, 2025, and the ex-dividend date is September 25, 2025 [1] - For the first half of 2025, Visual China's revenue composition shows that visual content and services account for 99.92% of total revenue, while other businesses contribute only 0.08% [1] Group 2 - As of the latest report, Visual China's market capitalization stands at 14.6 billion RMB [2]

Group 1 - The company announced a dividend distribution plan for the first half of 2025, with a total profit distribution of 7,695,365 yuan [1] - The dividend will be 0.11 yuan per 10 shares (including tax), based on a total share capital of 700,577,436 shares, minus 998,800 shares in the repurchase special securities account [1] - The record date for the dividend is September 24, 2025, and the ex-dividend date is September 25, 2025 [1] Group 2 - The cash dividend per share is calculated as 0.0109843 yuan, which will be deducted from the closing price on the record date [1] - The company has entrusted China Securities Depository and Clearing Corporation Limited Shenzhen Branch to distribute cash dividends to A-share shareholders, with some shareholders receiving dividends directly [1]

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：2025-047 视觉（中国）文化发展股份有限公司 2025年半年度分红派息实施公告 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。2025年6月23日，公司召开的2024年年度股东大会审议通过了《关于提请股 东大会授权董事会决定2025年年内进行利润分配的议案》，2025年8月27日，公司 召开第十一届董事会第三次会议审议通过了《关于公司2025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 998,800股份数为基数（即699,578,636股），本期按照每10股派现金0.11元（含 税）向全体股东实施利润分配，共计分配利润7,695,365.00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 ...

Market Performance - The digital media sector increased by 0.9% on September 16, with Shengyibao leading the gains [1] - The Shanghai Composite Index closed at 3861.87, up 0.04%, while the Shenzhen Component Index closed at 13063.97, up 0.45% [1] Individual Stock Performance - Shengyibao (002095) closed at 21.20, up 3.21% with a trading volume of 104,400 shares and a turnover of 220 million yuan [1] - Zhidema (300785) closed at 41.83, up 2.57% with a trading volume of 133,400 shares [1] - Visual China (000681) closed at 21.27, up 2.41% with a trading volume of 372,300 shares and a turnover of 783 million yuan [1] - Other notable stocks include Fengyuzhu (603466) at 10.02, up 1.73%, and Zhangyue Technology (603533) at 20.22, up 1.46% [1] Capital Flow Analysis - The digital media sector saw a net inflow of 88.94 million yuan from institutional investors, while retail investors experienced a net outflow of 78.77 million yuan [2] - The main capital inflow was observed in Visual China with 65.01 million yuan, while Zhidema had a net inflow of 25.55 million yuan [3] - Conversely, *ST Fanli (600228) and Chuanwang Media (300987) experienced net outflows of 2.53 million yuan and 0.21 million yuan respectively [3]

Market Overview - On September 12, the digital media sector experienced a slight decline of 0.1%, with Mango Excellent Media leading the drop [1] - The Shanghai Composite Index closed at 3883.69, up 0.22%, while the Shenzhen Component Index closed at 12996.38, up 0.13% [1] Stock Performance - Notable gainers in the digital media sector included: - Zhi De Mai (300785) with a closing price of 40.39, up 5.02% [1] - ST Fan Li (600228) with a closing price of 4.92, up 3.80% [1] - Xinhua Net (603888) with a closing price of 20.43, up 1.59% [1] - Conversely, Mango Excellent Media (300413) saw a decline of 2.19%, closing at 29.42 [2] Capital Flow Analysis - The digital media sector saw a net inflow of 27.01 million yuan from institutional investors, while retail investors contributed a net inflow of 72.87 million yuan [2] - However, there was a significant net outflow of 99.87 million yuan from speculative funds [2] Individual Stock Capital Flow - Key stocks and their capital flow included: - People's Daily (603000) had a net inflow of 39.58 million yuan from institutional investors, but a net outflow of 25.56 million yuan from speculative funds [3] - Xinhua Net (603888) experienced a net inflow of 14.11 million yuan from institutional investors [3] - ST Fan Li (600228) had a net inflow of 13.85 million yuan from institutional investors [3]

Market Performance - On September 11, the digital media sector rose by 1.16%, with "值得买" leading the gains [1] - The Shanghai Composite Index closed at 3875.31, up 1.65%, while the Shenzhen Component Index closed at 12979.89, up 3.36% [1] Stock Performance - "值得买" (300785) closed at 38.46, with a gain of 9.45% and a trading volume of 340,600 shares, amounting to a transaction value of 1.3 billion yuan [1] - Other notable stocks included "川网传媒" (300987) with a closing price of 18.90 and a gain of 2.05%, and "新华网" (603888) which closed at 20.11, up 1.46% [1] Capital Flow - The digital media sector saw a net inflow of 23.18 million yuan from institutional investors, while retail investors contributed a net inflow of 104 million yuan [2] - The sector experienced a net outflow of 127 million yuan from speculative funds [2] Individual Stock Capital Flow - "值得买" had a net inflow of 67.56 million yuan from institutional investors, while it faced a net outflow of 58.28 million yuan from speculative funds [3] - "新华网" experienced a net inflow of 9.66 million yuan from institutional investors, but a net outflow of 1.13 million yuan from speculative funds [3]

Core Viewpoint - The article discusses the implications of AI-generated images on the visual content industry, particularly focusing on the challenges and opportunities presented by this technology [2] Group 1: Industry Impact - The rise of AI-generated images is transforming the visual content landscape, leading to increased competition among content creators and platforms [2] - Companies in the visual content sector are facing pressure to adapt to new technologies to remain relevant and competitive [2] Group 2: Company Adaptation - Companies are exploring innovative ways to integrate AI technology into their existing workflows to enhance productivity and creativity [2] - The shift towards AI-generated content may require companies to rethink their business models and revenue streams [2]

Core Viewpoint - Visual China has signed a cooperation agreement with Tianjin Wuqing Development Zone to establish an artificial intelligence fund, focusing on investments that empower key industries and projects in the region [1] Group 1: Fund Details - The fund is named "Tianjin Youda Shangrong Industrial M&A Equity Fund" and is initiated by Tianjin Youda Industrial Investment Group Co., Ltd., a subsidiary of the Wuqing Development Zone [1] - Beijing Shangrong Capital Management Co., Ltd. will serve as the fund manager [1] Group 2: Investment Focus - The fund will primarily invest in sub-funds that can serve key industries and projects in Wuqing District, as well as high-quality projects that can collaborate with the district's key industries [1] - Investment directions include artificial intelligence, big data, and high-end equipment manufacturing [1]

Market Overview - On September 9, the digital media sector declined by 1.06%, with Vision China leading the drop [1] - The Shanghai Composite Index closed at 3807.29, down 0.51%, while the Shenzhen Component Index closed at 12510.6, down 1.23% [1] Stock Performance - Key stocks in the digital media sector showed varied performance, with the following notable changes: - 365 Network (300295) increased by 1.77% to a closing price of 13.77 [1] - Mango Super Media (300413) rose by 0.89% to 28.46 [1] - Vision China (000681) fell by 3.05% to 20.32, with a trading volume of 297,300 shares and a transaction value of 610 million [2] - Other notable declines included: - New China News (603888) down 1.50% to 19.69 [2] - People's Daily (603000) down 1.57% to 20.06 [2] Capital Flow - The digital media sector experienced a net outflow of 158 million in main funds, while retail investors saw a net inflow of 78.46 million [2] - The following stocks had significant capital flow: - Worth Buying (300785) saw a net inflow of 10.75 million from speculative funds [3] - Vision China (000681) had a net outflow of 16.64 million from main funds [3] - New China News (603888) experienced a net outflow of 15.92 million from main funds [3]

Group 1 - The company, Vision China, announced that it will hold its first extraordinary general meeting of shareholders for 2025 on September 24, 2025 [2] - The agenda for the meeting includes the proposal to adjust the number of members on the company's board of directors among other resolutions [2]