证券代码：000681 证券简称：视觉中国 公告编号：2025-011 视觉（中国）文化发展股份有限公司 关于 2023 年限制性股票激励计划 第二个解除限售期解除限售条件成就的公告 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。 重要内容提示： 1、本次符合解锁条件的激励对象 2 人，解锁限制性股票数量合计为 129,000 股，占公司目前总股本比例为 0.02%。 2、本次解锁的限制性股票来源为公司从二级市场回购的公司 A 股普通股股 票。 视觉（中国）文化发展股份有限公司（以下简称"公司"）于 2025 年 4 月 23 日召开第十届董事会第二十二次会议，审议通过了《关于 2023 年限制性股票激 励计划第二个解除限售期解除限售条件成就的议案》。鉴于公司 2023 年限制性 股票激励计划（以下简称"本激励计划"） 第二个解除限售期解除限售条件已经 成就，现将有关事项公告如下： 6、2024 年 4 月 25 日，公司第十届董事会第十六次会议和第十届监事会第 十一次会议审议通过了《关于 2023 年限制性股票激励计划第一个解除限售期归 属条件成就的议案》， ...

1. 经对公司2023年限制性股票激励计划第二个解除限售期解除限售激励对象名 单进行核查，公司2名激励对象符合《公司法》等法律法规和《公司章程》有关任 职资格的规定，不存在《管理办法》等规定禁止成为激励对象的情形，其在第二个 解除限售期的考核结果符合公司《2023年限制性股票激励计划（草案）》等要求， 解除限售资格合法、有效，因此，我们同意公司2023年限制性股票激励计划第二个 解除限售期解除限售条件成就，同意公司对该部分限制性股票办理解除限售手续。 2. 根据2024年度公司层面考核情况及个人绩效考核情况，公司2023年员工持股 计划第二个解锁期归属条件已经达成，考核结果符合公司《2023年员工持股计划 （草案修订稿）》等要求，因此，我们同意公司2023年员工持股计划第二个解锁 期归属条件成就，同意公司根据相关规定办理本次解锁事宜。 视觉（中国）文化发展股份有限公司监事会 关于 2023 年限制性股票激励计划第二个解除限售期 解除限售条件成就及 2023 年员工持股计划第二个 解锁期归属条件成就的核查意见 视觉（中国）文化发展股份有限公司（以下简称"公司"）监事会依据《公司 法》《证券法》《上市公司股权激励 ...

Financial Performance - The company's operating revenue for Q1 2025 was ¥189,399,793.98, representing an increase of 8.43% compared to ¥174,681,139.09 in the same period last year[5] - The net profit attributable to shareholders was ¥17,817,148.94, reflecting a growth of 12.26% from ¥15,871,343.11 year-on-year[5] - Basic earnings per share increased by 11.89% to ¥0.0254, while diluted earnings per share rose by 12.39% to ¥0.0254[5] - Total operating revenue for the current period reached ¥189,399,793.98, an increase of 8.8% compared to ¥174,681,139.09 in the previous period[20] - Net profit for the current period was ¥19,978,192.29, representing a growth of 9.3% from ¥18,279,039.68 in the prior period[21] - The company reported a profit margin of approximately 10.5% for the current period, compared to 10.5% in the previous period[21] Cash Flow - The net cash flow from operating activities surged by 86.13% to ¥34,547,014.29, compared to ¥18,560,762.78 in the previous year[5] - Cash inflow from operating activities totaled ¥226,823,985.39, compared to ¥198,055,181.58 in the previous period, indicating a growth of 14.5%[23] - Cash inflow from investment activities totaled $160,213,757.39, compared to $79,220,928.34 previously, indicating a strong recovery in investment receipts[24] - The net cash flow from investment activities was -$49,835,164.07, worsening from -$28,226,747.77, highlighting increased investment outflows[24] - Cash outflows from financing activities amounted to $5,178,779.82, a decrease from $13,485,448.32, suggesting reduced financing costs[24] - The net increase in cash and cash equivalents was -$20,792,479.36, compared to -$18,055,221.95 previously, indicating ongoing cash management challenges[24] - The ending balance of cash and cash equivalents was $512,727,272.72, up from $332,517,111.56, showing a strong liquidity position despite cash flow issues[24] Assets and Liabilities - Total assets at the end of the reporting period were ¥4,334,982,339.47, up 1.36% from ¥4,276,704,995.06 at the end of the previous year[5] - Current assets total CNY 806.90 million, up from CNY 743.47 million at the beginning of the period, reflecting a growth of approximately 8.5%[17] - Non-current assets amount to CNY 3.53 billion, slightly down from CNY 3.53 billion at the beginning of the period[17] - The total liabilities increased to ¥710,266,978.28 from ¥671,119,046.74, reflecting a rise of 5.8%[18] - Total equity attributable to shareholders rose to ¥3,586,970,915.21, up from ¥3,570,002,545.69, a growth of 0.5%[18] Shareholder Information - The number of ordinary shareholders at the end of the reporting period was 168,623, with the top shareholder holding 10.98% of the shares[11] - As of March 31, 2025, shareholder Liao Daoxun has pledged 19 million shares, accounting for 2.71% of the company's total share capital[14] - Shareholder Wu Yuru has pledged 18.71 million shares, representing 2.67% of the total share capital[14] Investment Activities - The company has invested a total of CNY 30 million in the Huagai Yingyue Fund and CNY 1.33 million in the Huagai Yingyue Management Company[15] - The company has extended the duration of several investment funds due to incomplete project exits, including the Huagai Yingyue Fund and the Changzhou He Yi Fund[15] - The company invested $210,000,000.00 in cash for new investments, significantly higher than $99,000,000.00 in the previous period, suggesting aggressive growth strategies[24] Expenses - Total operating costs amounted to ¥174,370,057.16, up from ¥158,885,953.41, reflecting a year-over-year increase of 9.7%[20] - Research and development expenses decreased to ¥15,798,388.25 from ¥17,241,495.97, a decline of 8.4%[21] - The company paid $43,009,194.23 in cash to employees, slightly down from $46,094,018.42, reflecting cost control measures[24] - Tax payments amounted to $12,494,525.35, down from $13,939,982.96, indicating potential tax efficiency improvements[24] Other Comprehensive Income - The company reported a decrease in other comprehensive income, with a net amount of -¥1,569,023.17 compared to -¥99,068.92 in the previous period[22]

Financial Performance - The company's operating revenue for 2024 was CNY 811,183,516.24, representing a 3.89% increase compared to CNY 780,829,818.58 in 2023[20]. - The net profit attributable to shareholders for 2024 was CNY 119,146,641.40, a decrease of 18.17% from CNY 145,594,129.92 in 2023[20]. - The net profit attributable to shareholders after deducting non-recurring gains and losses was CNY 113,478,553.15, which is a 3.80% increase from CNY 109,325,395.39 in 2023[20]. - The net cash flow from operating activities for 2024 was CNY 150,313,772.36, down 16.10% from CNY 179,158,572.68 in 2023[20]. - Basic earnings per share for 2024 were CNY 0.1700, a decrease of 18.19% compared to CNY 0.2078 in 2023[20]. - Total assets at the end of 2024 were CNY 4,276,704,995.06, reflecting a 2.35% increase from CNY 4,178,394,531.02 at the end of 2023[20]. - The net assets attributable to shareholders at the end of 2024 were CNY 3,570,002,545.69, up 2.95% from CNY 3,467,539,609.44 at the end of 2023[20]. - The weighted average return on equity for 2024 was 3.39%, down from 4.24% in 2023[20]. - The company reported a consolidated revenue of 811.84 million yuan, a year-on-year increase of 3.89%, while net profit attributable to shareholders decreased by 18.17% to 119.15 million yuan due to increased investment income from the previous year[56]. Revenue Breakdown - Total revenue for the year reached ¥811,183,516.24, with a year-on-year growth of 6.0%[24]. - Revenue from internet media accounted for 99.88% of total revenue in 2024, with a year-on-year growth of 3.84%[76]. - Domestic revenue was ¥785,886,632.18, making up 96.88% of total revenue, which is a 4.17% increase from the previous year[76]. - The proportion of audio and video business sales in total revenue increased from 26% in 2023 to 34% in 2024[118]. Cash Flow and Investments - Operating cash inflow for 2024 reached ¥914,642,292.45, a 3.70% increase from ¥882,015,061.15 in 2023[99]. - Operating cash outflow increased by 8.75% to ¥764,328,520.09 from ¥702,856,488.47 year-over-year[99]. - Investment cash inflow surged by 558.72% to ¥402,404,903.49 from ¥61,088,453.60 in 2023[99]. - Financing cash inflow increased by 92.09% to ¥207,227,000.00 from ¥107,882,809.60 year-over-year[99]. - The company’s long-term equity investments increased by ¥9,186,700.00, primarily due to new investments in Hangzhou Mita Technology Co., Ltd.[103]. Operational Efficiency and Cost Management - Operating costs for internet media were ¥431,500,802.12, reflecting a 13.33% increase from ¥380,747,043.44 in 2023[82]. - The gross profit margin for internet media decreased to 46.74%, down 8.71% from the previous year[80]. - Sales expenses decreased by 7.15% to ¥82,154,150.51, while management expenses increased by 13.87% to ¥114,306,232.52[88]. - R&D expenses decreased by 26.61% to ¥72,698,180.41, attributed to restructuring and focusing on core business-related R&D[88]. Strategic Initiatives and Market Position - The company aims to enhance the efficiency of content creation and monetization through AI-driven solutions[35]. - The company has developed industry-specific large models using high-quality proprietary data, collaborating with major tech firms like Baidu and Huawei to create responsible and sustainable business models[40]. - The company is focusing on expanding its business in the field of AI-driven short video production, leveraging new technologies to enhance content dissemination[90]. - The company is actively seeking opportunities for mergers and acquisitions to bolster its market position[154]. Shareholder Engagement and Governance - The company held three shareholder meetings during the reporting period, ensuring compliance with legal regulations to protect shareholder rights[138]. - The board of directors convened seven times, adhering to the company's articles of association and relevant regulations[139]. - The supervisory board met four times, maintaining compliance with legal requirements and ensuring the protection of shareholder interests[140]. - The company emphasizes investor relations management and ensures fair information disclosure to all shareholders[145]. Employee Management and Compensation - The total remuneration for directors, supervisors, and senior management amounted to 487.32 million yuan[168]. - The company has established a competitive salary system based on job positions and performance evaluations[179]. - The company has implemented a comprehensive training program covering various skills and management capabilities[180]. - The employee stock ownership plan includes 30 individuals holding a total of 1,176,000 shares, accounting for 0.17% of the company's total equity[195]. Future Outlook and Development Plans - The company will continue to focus on AI-driven content creation, expanding into 3D content resources and enhancing AI tools for creators by 2025[119]. - Future guidance indicates a positive outlook for revenue growth and market expansion initiatives[154]. - The company plans to collaborate with large model companies to ensure data quality and compliance, enhancing the credibility of AI models[122].

视觉中国（000681）公告，2025年第一季度营收为1.89亿元，同比增长8.43%；净利润为1781.71万元， 同比增长12.26%。 ...

Investment Rating - The report suggests a positive outlook on overseas Chinese assets, focusing on sectors that may benefit from policy changes and deep value stocks that have been negatively impacted by market rumors [2][12]. Core Insights - The report emphasizes the importance of patience in waiting for market changes while actively seeking investment opportunities, particularly in sectors like cross-border e-commerce, domestic consumption-related internet assets, and undervalued stocks [3][12]. - It highlights the potential for recovery in the education sector due to government support for service consumption, as well as the luxury goods sector facing challenges from macroeconomic fluctuations [5][23]. - The report also notes the growth in the coffee and tea beverage sector, driven by increased delivery services and consumer demand, alongside a positive outlook for the OTA (Online Travel Agency) segment as travel demand rises [5][28]. Summary by Sections 1. Education - The Chinese education index increased by 2.28% during the week of April 14-18, 2025, underperforming against the Hang Seng Index but outperforming other major indices [14]. - Notable stock performances included a significant rise in stocks like Zhuoyue Education Group (+18.18%) and NetEase Youdao (+13.84%) [14][19]. 2. Luxury Goods - The luxury goods sector saw a decline, with LVMH's sales falling short of expectations, reporting a 3% decrease in Q1 2025 sales [23][29]. - The report suggests focusing on high-end brands with strong management capabilities and product innovation, as they are less affected by economic cycles [5][23]. 3. Coffee and Beverage & OTA - The coffee and beverage sector experienced notable stock increases, with Tims China (+18.29%) and Luckin Coffee (+8.45%) leading the gains [28]. - The OTA sector is expected to benefit from rising travel demand, with predictions indicating a significant increase in travel bookings during the upcoming holiday [5][28]. 4. E-commerce and Internet - The internet technology sector index rose by 0.37%, with key stocks like Beike (+7.67%) and Alibaba (+5.53%) showing strong performance [36][37]. - The report highlights the importance of monitoring the impact of tariff changes on cross-border e-commerce platforms and the overall market dynamics [12][36]. 5. Media - The media sector is encouraged to focus on stocks with strong fundamentals and dividend value, particularly in light of recent policy support for cultural industries [5][12]. - The report notes the potential for growth in AI applications within the media sector, emphasizing the importance of tracking developments in this area [5][12]. 6. Virtual Assets & Brokerage - The report indicates a slight improvement in sentiment towards virtual asset trading, with expectations for strong Q1 performance from brokerage firms like Futu Holdings and Tiger Brokers [5][12]. 7. Real Estate Transactions - The report suggests a positive outlook for the real estate market, with government emphasis on market potential and the construction of quality housing [5][12]. 8. Automotive Services - The report mentions potential developments in ride-hailing services in Macau, indicating a growing interest in the automotive service sector [5][12]. 9. Media and M&A - The report highlights ongoing trends in mergers and acquisitions within the media sector, suggesting a focus on companies that are well-positioned for growth through strategic partnerships [5][12].

视觉中国（000681）公告，股东廖道训所持700万股公司股份解除质押，占其所持股份比例16.85%，占 公司总股本比例1.00%。本次解除质押日期为2025年4月11日，质权人为中信建投（601066）证券股份 有限公司。解除质押后，廖道训及其一致行动人持股数量为4154.06万股，持股比例5.93%，质押股份数 量为1200万股，占其所持股份比例28.89%，占公司总股本比例1.71%。 ...

证券代码：000681 证券简称：视觉中国 公告编号：2025-004 视觉（中国）文化发展股份有限公司 关于股东部分股份解除质押的公告 （一）本次股份解除质押基本情况 （二）股东股份累计质押情况 | | | | | | | | 已质押股份 | | 未质押股份 | | | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | | | | | 本次解除 | 本次解除 | | | 情况 | | 情况 | | | 股东 | 持股数量 | 持股 | 质押前质 | 质押后质 | 占其所 | 占公司 | 已质押股 | 占已 | 未质押股 | | | 名称 | （万股） | 比例 | 押股份数 | 押股份数 | 持股份 | 总股本 | 份限售和 | 质押 | 份限售和 | 占未质 | | | | | 量（万 | 量（万 | 比例 | 比例 | 冻结、标 | | | 押股份 | | | | | 股） | 股） | | | 记数量 | 股份 | 冻结数量 | 比例 | | | | | | | | | （万股） | 比例 | （万股） | | | 吴玉 ...

视觉（中国）文化发展股份有限公司（以下简称"公司"或"视觉中国"） 于2014年12月9月召开2014年第八次总裁办公会，审议通过了关于投资北京华盖 映月影视文化投资合伙企业（有限合伙）（以下简称"映月基金"或"有限合伙 企业"）的议案，同意公司作为有限合伙人，以自有现金人民币1,200万元投资映 月基金。2016年1月22日，公司第八届董事会第十一次会议审议通过了《关于投 资北京华盖映月影视文化投资合伙企业（有限合伙）的议案》，同意公司以自有 现金人民币1,800万元追加投资映月基金。详见公司2016年1月23日刊登于《中国 证券报》《上海证券报》《证券日报》及巨潮资讯网的《视觉中国：关于投资文化 基金的公告》（公告编号：2016-010）。 2020年12月31日，映月基金各合伙人签署有限合伙协议补充协议，对原合伙 协议部分条款做补充约定，将有限合伙企业的存续期限延长至2022年12月18日。 上述事项经公司2020年12月31日召开的2020年第十二次总裁办公会审议通过。详 见公司2021年1月4日刊登于《中国证券报》《上海证券报》《证券日报》及巨潮资 讯网的《视觉中国：关于投资北京华盖映月影视文化投资 ...

证券代码：000681 证券简称：视觉中国 公告编号：2025-002 视觉（中国）文化发展股份有限公司 股票交易异常波动公告 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、股票交易异常波动的情况介绍 视觉（中国）文化发展股份有限公司（以下简称"公司"或"本公司"）股票（证 券代码：000681，证券简称：视觉中国）于 2025 年 2 月 12 日、2 月 13 日连续 2 个交易日收盘价格涨幅偏离值累计达到 20%以上，根据《深圳证券交易所交易规 则》的相关规定，属于股票交易异常波动的情形。 三、关于不存在应披露而未披露信息的说明 本公司董事会确认，本公司目前没有任何根据《深圳证券交易所股票上市规 则》等有关规定应予以披露而未披露的事项或与该事项有关的筹划、商谈、意向、 协议等；董事会也未获悉本公司有根据《深圳证券交易所股票上市规则》等有关 规定应予以披露而未披露的、对本公司股票及其衍生品种交易价格产生较大影响 的信息；公司前期披露的信息不存在需要更正、补充之处。 二、公司关注并核实的相关情况 公司对需核实的情况进行了自查，并就相关问题向对公司控股股 ...