证券代码：000681 证券简称：视觉中国 公告编号：2025-060 视觉（中国）文化发展股份有限公司 2025年第二次临时股东会决议公告 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。 特别提示： 1.本次股东会不存在否决议案的情形。 2.本次股东会不存在变更以往股东会已通过的决议的情形。 一、会议召开和出席情况 1．公司2025年第二次临时股东会由公司董事会召集，采取现场投票与网络 投票相结合的方式召开。现场会议于2025年11月26日15:00在北京市朝阳区酒仙 桥北路甲10号院204号楼公司2层会议室召开。通过深圳证券交易所系统投票时间 为：2025年11月26日9:15-9:25,9:30-11:30和13:00-15:00；通过深圳证券交易所互 联网投票系统投票的时间为：2025年11月26日9:15-15:00期间的任意时间。董事 长廖杰先生主持了会议。本次会议符合有关法律、行政法规、部门规章、规范性 文件和《公司章程》的规定。 3. 公司董事出席了会议，公司高级管理人员及律师列席了会议。 二、议案审议表决情况 本次股东会采取现场投票与网络投票 ...

Core Viewpoint - Visual China is facing significant challenges due to ongoing copyright disputes, weakening core business profitability, and an AI transformation that has yet to yield substantial results [1][12]. Copyright Disputes - On November 22, Visual China and its two affiliated companies issued an apology regarding a copyright infringement case involving photographer Dai Jianfeng, concluding a two-year legal battle [2][4]. - The Tianjin court ruled that Visual China illegally sold Dai's photos and improperly sought compensation from him, leading to a compensation order of 15,000 yuan and a public apology [4][5]. - This incident is not the first copyright controversy for Visual China, as it previously faced backlash in 2019 over claims of owning the rights to the first human black hole photo and other issues [6]. Financial Performance - For the first three quarters of 2025, Visual China reported a slight revenue increase of 0.3% to 610 million yuan, while net profit fell by 9.03% year-on-year [7][12]. - Over the past five years, the company's gross margin has decreased from 63.52% to 46.81%, indicating a decline in core business profitability [7][9]. - The company's revenue growth has been inconsistent, with net profit showing a "decline-increase-decline" pattern from 2022 to 2024, including an 18.17% drop in 2024 [9]. AI Transformation Efforts - Visual China is heavily investing in AI transformation, with AI training service revenue increasing by 300% in 2025, although AI-related income accounted for only 2.22% of total revenue in 2024 [11][12]. - The company has launched an AI-assisted creative platform and partnered with major firms like Baidu and Huawei to enhance its AI capabilities [9][11]. - Despite the growth in AI revenue, it remains a small portion of overall income, and high R&D expenditures have increased cash flow pressure, with a net cash outflow of 41.38 million yuan in the first half of 2025 [12]. Future Outlook - Visual China is planning to issue H-shares for listing on the Hong Kong Stock Exchange to support its global strategy, but specific plans and timelines are still uncertain [12].

Core Viewpoint - Visual China experienced a stock price increase of 0.87% with a trading volume of 5.614 billion yuan and a turnover rate of 32.12% on the day of reporting [2] Group 1: Trading Activity - The stock's turnover rate of 32.12% led to its listing on the Shenzhen Stock Exchange's watchlist for high turnover [2] - Institutional investors net sold 79.92 million yuan, while the Shenzhen Stock Connect recorded a net sell of 122 million yuan [2] - The top five trading departments had a combined transaction volume of 1.028 billion yuan, with a net sell of 304 million yuan [2] Group 2: Institutional Participation - Two institutional special seats were involved in trading, with a total buy amount of 114 million yuan and a sell amount of 194 million yuan, resulting in a net sell of 79.92 million yuan [2] - The Shenzhen Stock Connect was the largest buying and selling department, with a buy amount of 83.10 million yuan and a sell amount of 205 million yuan, leading to a net sell of 122 million yuan [2] Group 3: Capital Flow - The stock saw a net outflow of 376 million yuan from main funds, with large orders contributing to a net outflow of 221 million yuan and a net outflow of 156 million yuan from big orders [2] - Over the past five days, the main funds experienced a net inflow of 376 million yuan [2] Group 4: Margin Trading Data - As of November 21, the margin trading balance for the stock was 1.045 billion yuan, with a financing balance of 1.041 billion yuan and a securities lending balance of 3.831 million yuan [3] - The financing balance increased by 133 million yuan over the past five days, reflecting a growth rate of 14.64%, while the securities lending balance rose by 197.71 thousand yuan, marking an increase of 106.62% [3]

机构净买入9股，净卖出17股 11月24日，26只个股龙虎榜出现了机构的身影，机构合计净卖出6596.24万元。具体来看，机构净买入9 股，净卖出17股。 11月24日，上证指数上涨0.05%，深证成指上涨0.37%，创业板指上涨0.31%。盘后龙虎榜数据显示，共 有55只个股因当日异动登上龙虎榜，资金净流入最多的是蓝色光标（300058.SZ），达8.98亿元。 据21投资通智能监测，26只个股龙虎榜出现了机构的身影，北向资金参与龙虎榜中的个股共涉及23只。 8.98亿资金抢筹蓝色光标，3.25亿资金出逃易点天下 55只上榜的龙虎榜个股中，30只个股被净买入，25只个股被净卖出。其中，资金净买入最多的是蓝色光 标，达8.98亿元，占总成交金额的6.75%。蓝色光标当日收盘上涨15.72%，换手率为37.21%。 | 名称 | 涨跌幅 | 戊虎榜净买 | 净买额占 | 换手率 | 解读 | | --- | --- | --- | --- | --- | --- | | | | 额(万元 | 总成交比 | | | | 蓝色光标 | 15.72% | 89827 | 6.75% | 37.21% | 普通席位买入 ...

Market Overview - On November 24, the total trading volume of the Shanghai and Shenzhen stock markets was 1.73 trillion yuan, a decrease of 237.9 billion yuan compared to the previous trading day [1] - Sectors such as commercial aerospace, military industry, and AI applications saw significant gains, while lithium mining, Hainan, and phosphorus chemical sectors experienced declines [1] Stock Performance - Notable gainers included: - Guo Sheng Technology (+10.07%) with a trading volume of 10.02 billion yuan and a turnover rate of 19.73% [2] - Zhong Shui Yu (+10.01%) with a trading volume of 16.60 yuan and a turnover rate of 14.41% [2] - Hang Da Development (+10.00%) with a trading volume of 13.64 yuan and a turnover rate of 33.61% [2] - Decliners included: - Yi Dian Da Xia (-10.00%) with a trading volume of 28.00 yuan and a turnover rate of 3.39% [7] - Hainan Hai Yao (-8.83%) with a trading volume of 7.64 yuan and a turnover rate of 30.15% [7] Institutional Activity - The top three net purchases by institutions were: - Dazhong Mining with a net purchase of 130 million yuan despite a 10% drop [19] - Delijia with a net purchase of 129 million yuan, increasing by 1.68% [19] - Huasheng Tiancai with a net purchase of 116 million yuan, despite a 5.92% decline [19] - The top three net sales by institutions were: - Visual China with a net sale of 79.92 million yuan [7] - Yi Dian Da Xia with a net sale of 78.35 million yuan [7] - Sheng Guang Group with a net sale of 59.30 million yuan [7] Sector Insights - The lithium mining sector faced a downturn, with Dazhong Mining hitting the limit down [16] - The AI sector, particularly companies like Blue Focus, is experiencing growth driven by advancements in AI applications and digital marketing strategies [9][13]

Group 1: Market Activity - AI application stocks showed active performance today, with "Zhi De Mai" receiving purchases from three institutions totaling 57.48 million [1] - "Visual China" faced sell-offs from two institutions amounting to 79.92 million, along with significant sales from two frontline trading seats [1][15] - "Yi Dian Tian Xia" was sold off by one institution for 78.35 million, with additional sales from two frontline trading seats totaling 18.1 million [2][15] Group 2: Stock Trading Volume - The total trading volume for the Shanghai Stock Connect reached 1146.53 billion, while the Shenzhen Stock Connect totaled 1216.55 billion [3] - The top traded stocks on the Shanghai Stock Connect included "Industrial Fulian" at 34.19 billion, followed by "Kweichow Moutai" at 16.77 billion [4] - On the Shenzhen Stock Connect, "Zhongji Xuchuang" led with 47.87 billion, followed by "Ningde Times" at 34.51 billion [5] Group 3: Sector Performance - Sectors such as military industry, AI applications, and commercial aerospace saw significant gains, while energy metals, Hainan, and gas sectors experienced declines [6] - The military industry sector had a net inflow of 50.72 billion, marking a net inflow rate of 5.31% [7] - The electronics sector led in net outflows, with a total of -67.82 billion, reflecting a net outflow rate of -2.61% [8] Group 4: Individual Stock Fund Flow - "BlueFocus" topped the net inflow list with 13.02 billion, followed by "Yiling" at 9.85 billion [9] - Conversely, "Industrial Fulian" led the net outflow with -26.94 billion, followed by "Xin Yi Pan" at -12.06 billion [10] Group 5: ETF Trading - The top ten ETFs by trading volume included "Zha Gang Securities ETF" at 74.282 billion, with a decrease of 12.56% from the previous trading day [11] - The "Real Estate ETF" saw a significant increase in trading volume, up 161.34% to 7.3597 billion [11] Group 6: Futures Market - In the futures market, all four major index contracts (IH, IF, IC, IM) saw a reduction in positions, with IM experiencing the most significant decrease in short positions [13]

| US FRANCE A ... | 机构资金参与个股- | | | --- | --- | --- | | 证券简称 | 目涨跌幅 | 机构净买入(万元) | | 大中矿业 | -10.00% | 12967.44 | | 德力佳 | 1.68% | 12940.98 | | 欢瑞世纪 | 9.97% | 8025.93 | | 海峡园峡 | -8.83% | 6563.65 | | 值得买 | 9.05% | 5748.69 | | 长江材料 | 10.00% | 4687.55 | | 海马汽车 | -9.95% | 4383.82 | | 北新路桥 | 9.98% | 2893.05 | | 中富电路 | 17.75% | 2410.36 | | 北方长龙 | 12.42% | 1883.73 | | 中国海防 | 10.02% | 1657.98 | | 京粮控股 | 10.00% | 1013.12 | | 铁拓机械 | 18.20% | 719.30 | | *ST万方 | 5.07% | 136.97 | | 安妮股份 | 4.99% | 14.41 | | 猎子岛 | 9.47% | -1 ...

格隆汇11月24日｜此前涨停的视觉中国(000681.SZ)今日涨0.87%，换手率32.12%，成交额56.14亿元。龙虎榜数据显示，深股通买入8310万元，卖出2.05亿 元，净卖出1.22亿元；游资"成都系"位列卖三席位，净卖出1.04亿元；两家机构买入1.14亿元，卖出1.94亿元，净卖出7992万元。上榜席位全天买入3.62亿 元，卖出6.66亿元，合计净卖出3.04亿元。(格隆汇) | 序号 | 交易营业部名称 | | | 买人金额(万) | 占总成交比例 | | --- | --- | --- | --- | --- | --- | | 1 | 深股通专用 | 771次 43.97% | 2 | 8310.02 | 1.48% | | 2 | 机构专用 | 1600次 40.63% | A | 6569.61 | 1.17% | | 3 | 东方财富证券股份有限公司拉萨东环路第二证券营业部 | 591次 29.78% | A | 5883.03 | 1.05% | | 4 | 东方财富证券股份有限公司昌都两江大道证券营业部 | 136次 32.35% | ▶ | 5404.61 | 0.96% ...

Group 1 - The founder of Nongfu Spring, Zhong Shanshan, donated 100 million yuan to establish the Zhong Ziyi Education Fund at Zhuji Middle School in Zhejiang Province, which has a history dating back to 1912 and has produced over 40,000 outstanding students [2][3] - The fund aims to support educational initiatives and is recognized as a 5A-level foundation by the Hangzhou Civil Affairs Bureau [3] Group 2 - Trump criticized the Ukrainian leadership for showing no gratitude towards the U.S. efforts, while Europe continues to purchase oil from Russia [4] Group 3 - Wentech Technology urged Nexperia Netherlands to respond constructively to resolve control issues, emphasizing the importance of global supply chain stability [5][6] Group 4 - In the first three quarters of this year, marriage registrations in China increased by 405,000 pairs compared to the same period last year, totaling 5.152 million pairs [7] - 29 provinces have extended marriage leave, with Shanxi and Gansu offering the longest at 30 days [7] Group 5 - A collaborative research team from Heilongjiang University, Tsinghua University, and the National University of Singapore published a breakthrough in the field of rare earth materials, addressing the challenge of efficient electroluminescence in insulating rare earth nanocrystals [8] Group 6 - Xibei restaurant chain has reduced prices on nearly 40 menu items by 5% to 20% as part of a nationwide adjustment [9] Group 7 - A fire incident occurred at Xiaomi's battery production line due to operational errors during equipment debugging, but it was quickly extinguished without affecting personnel safety [23][24][25] Group 8 - The German government will impose a 23% VAT on cross-border packages from China starting November 24, significantly increasing costs for cross-border e-commerce [34]

我公司今后将更加注重著作权人的权利保护，持续完善内容审核流程，为维护健康的版权生态持续贡献 力量。 特此声明。 视觉中国页面发布的声明 声明全文： 本声明是视觉(中国)文化发展股份有限公司、汉华易美(天津)图像技术有限公司、汉华易美视觉科技有 限公司(以下统称"我公司")因著作权侵权纠纷对戴建峰的消除影响声明。 我公司是网站www.vcg.com的管理者和所有者，该网站展示并销售的名为《银河下的村庄》的图片，系 案外第三方盗图上传，经天津市和平区人民法院审理认定，《银河下的村庄》的著作权人为戴建峰，我 公司展示、销售《银河下的村庄》图片的行为侵害了建峰对该作品享有的署名权和信息网络传播权，对 此我们致以歉意，涉案作品已于诉讼发生后在网站下架，侵权行为终止。 摄影师戴建峰（@Jeff的星空之旅 ）11月20日发文表示，对于其起诉视觉中国销售他的照片并向他非法 索赔之事，经过长达两年的诉讼，近日，天津市和平区⼈民法院作出一审判决。一审判决确认视觉中国 的侵权行为，要求其赔偿，并在官网首页上公开道歉。 戴建峰说，法院确定视觉中国非法销售他的照片《银河下的村庄》。视觉中国称其通过案外人周峰，获 得了《银河下的村庄》， ...