证券代码：000681 证券简称：视觉中国 公告编号：2025-016 1、审议通过了《关于董事会换届选举暨提名第十一届董事会非独立董事 候选人的议案》 公司第十届董事会任期即将届满，根据《公司法》及《公司章程》的相关规 定，公司拟对董事会进行换届选举，成立第十一届董事会，经公司董事会提名委 员会审查，公司董事会拟提名廖杰先生、吴斯远先生、李长旭先生为第十一届董 事会非独立董事候选人（简历详见附件），任期自股东会审议通过之日起三年。 表决结果如下： 视觉（中国）文化发展股份有限公司 第十届董事会第二十三次会议决议公告 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"）第十届董事会第 二十三次会议于 2025 年 5 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 5 月 27 日以电子邮件方式送达全体董事、监事。公司应到会 董事 6 人，实际到会董事 6 人，参与表决董事 6 人，其中董事吴斯远先生、李长 旭先生，独立董事陆先忠先生、张磊先生以通讯方式出 ...

Group 1 - Vanke A received a loan of 1.552 billion yuan from its largest shareholder, Shenzhen Metro Group, to repay the principal and interest of publicly issued bonds, with a loan term of 36 months and an annual interest rate of 2.34%, lower than the 1-year LPR [2] - Chengfei Integration announced that its stock has been on a six-day trading limit, confirming that there are no undisclosed significant matters affecting the company [3] - Dongpeng Beverage's shareholder, Kunpeng Investment, reduced its shareholding from 6.44% to 5.43%, a decrease of 1.01 percentage points, through trading activities [4] Group 2 - Baofeng Energy plans to repurchase shares worth between 1 billion and 2 billion yuan, with a maximum repurchase price of 22.80 yuan per share [7] - Huakayi Yibai announced that shareholders plan to reduce their holdings by up to 3% of the company's total shares [6] - China Pacific Insurance reported a 10.4% year-on-year increase in original insurance premium income for its life insurance subsidiary, totaling 115.359 billion yuan [22]

Group 1 - The core viewpoint of the article highlights a surge in AI concept stocks, particularly with Vision China (000681) hitting the daily limit up, indicating strong investor interest and market momentum [1] - Donghua Software (002065) also reached the daily limit up, showcasing a similar trend among AI-related stocks [1] - Other companies such as Caixun Co. (300634), Huayu Software (300271), and Haitai Ruisheng (688787) experienced significant price increases, reflecting a broader rally in the sector [1] Group 2 - There is a notable influx of dark pool capital into these stocks, suggesting increased institutional interest and potential for further price appreciation [1]

Group 1: Company Overview and Strategy - The company focuses on leveraging AI technology to enhance its core strategy of "AI intelligence + content data + application scenarios" [5] - It aims to provide a comprehensive data training copyright compliance solution, covering data collection, annotation, certification, review, and authorization [5][9] - The company positions itself as a preferred partner for high-quality visual data training sets in China [5][9] Group 2: AI and Data Utilization - The company utilizes AI to extract value from its core assets, including images, audio, video, and 3D content, enhancing data quality and compliance [2][3] - It has developed a multi-dimensional metadata system for its data, which is crucial for generating trustworthy AI models [2][3] - The company emphasizes the need for high-quality, copyright-compliant training datasets as essential for credible large models [4][5] Group 3: Product and Service Offerings - The company offers a visual content copyright trading platform and a creative customization service platform, enhancing user experience through AI-driven tools [6][8] - AI Agent capabilities include intelligent search, intelligent matching, and one-click production, allowing for personalized workflows [7][8] - The company provides multi-layered compliance assurance services, including copyright insurance and creation behavior documentation [4][9] Group 4: Market Position and Future Directions - The company is actively investing in the 3D industry and has established partnerships with 3D content manufacturers and trading platforms [4] - It aims to collaborate deeply with large model companies to ensure data quality and compliance from the source [3][5] - The company is committed to building a trustworthy ecosystem for data, technology, rules, and culture in the AI era [3][5]

证券代码：000681 证券简称：视觉中国 公告编号：2025-015 特此公告。 关于持股 5%以上股东减持股份触及 1%整数倍的公告 股东梁军女士保证向本公司提供的信息内容真实、准确、完整，没有虚假 记载、误导性陈述或重大遗漏。 本公司及董事会全体成员保证公告内容与信息披露义务人提供的信息一致。 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 28 日收到持股 5%以上股东梁军女士的《关于减持公司股份的告知函》，获悉梁 军于 2025 年 4 月 28 日通过集中竞价方式减持公司股份 5,526,800 股，占公司总 股本的 0.79%，持有公司股份比例由 9.56%减少至 8.77%，变动触及 1%的整数 倍。具体情况如下： | 1.基本情况 | | | | | | --- | --- | --- | --- | --- | | 信息披露义务人 梁军 | | | | | | 住所 | 北京市朝阳区酒仙桥北路甲 号院 10 204 2 | | 号楼 | 层东区 | | /5 | 层 | | | | | 权益变动时间 2025 | 年 4 月 28 日 股东因自身资金需求于 2 ...

Core Viewpoint - The "2025 Yuekai Cup" Stock and ETF Real Trading Competition, organized by 21st Century Business Herald and Yuekai Securities, aims to create a professional competitive platform for investors by integrating intelligent investment tools with practical investment scenarios [1]. Group 1: Competition Structure - The competition features independent tracks for stocks and ETFs, employing a "monthly breakthrough + annual victory" dual-track system [3]. - The personal competition focuses on total asset return rate, with monthly contests emphasizing short-term trading and annual contests testing long-term endurance [3]. - A unique "asset turnover rate" mechanism prioritizes trading efficiency and capital size when return rates are equal [3]. Group 2: Incentives and Rewards - The competition has established an incentive system valued at over 500,000 yuan, combining material rewards with resource empowerment [3]. - The annual champion in the stock track will receive a prize package worth 68,000 yuan, including a bottle of high-end liquor, media interview opportunities, and access to exclusive events [4]. - Monthly winners will receive various prizes, including liquor and VIP seats at investment strategy meetings [4][5]. Group 3: Participation and Engagement - Participants can register for the competition starting from now, with the event running from May 6, 2025, to October 31, 2025 [1][8]. - A lucky draw is available for all registrants, offering immediate physical rewards with a 100% winning rate [6].

2024年，公司实现营业收入8.11亿元，同比+3.89%；实现归母净利润1.19亿元，同比-18.17%，系去年同期 收购光厂创意导致对比期增加投资收益所致；实现扣非后归母净利润1.13亿元，同比+3.80%。公司24年全 年销售/管理/研发费用率为10.13%/14.09%/8.96%，同比分别-1.20/+1.23/-3.73pct，公司对研发人员架构进 行调整，缩减低效需求，专注核心主业相关研发，研发费用率有所下降。25Q1，公司实现营业收入1.89亿 元，同比+8.43%，归母净利润1781.7万元，同比+12.26%，扣非归母净利润1637.1万元，同比+0.92%。公 司公布2024年年度利润分配预案，按照每10股派现金0.13元(含税)向全体股东分红，共计分配利润909.5万 元。 深耕优势业务场景，推进"AI智能+内容数据+应用场景"核心战略公司作为全球领先的高质量版权素材 库，拥有近5.4亿的优质内容数据，其中音视频内容素材总量超4800万，2024年音视频业务销售额占总营 收的34%，较上年增加8%。2024年，公司加快在3D资产的布局，年内战略投资3D内容制造企业景致三维 及其子公司觅 ...

Investment Rating - The report assigns a "Buy" rating to the company, indicating an expected stock price increase of over 15% compared to the benchmark index [4][11]. Core Insights - The company reported steady growth in Q1, with a revenue of 1.89 billion yuan, up 8.43% year-on-year, and a net profit of 178.17 million yuan, up 12.26% year-on-year [3]. - The company has a strong focus on AI-driven content solutions, leveraging its extensive library of high-quality content, which includes over 480 million audio-visual materials [3]. - The company is expanding its strategic investments in 3D content creation and has established partnerships with major tech firms to enhance its AI capabilities [3]. Financial Performance Summary - In 2024, the company achieved a revenue of 811.18 million yuan, a year-on-year increase of 3.89%, and a net profit of 119.15 million yuan, a decrease of 18.17% due to prior investment gains [3][6]. - The company’s R&D expense ratio decreased to 8.96% in 2024, reflecting a strategic shift to focus on core business areas [3]. - The projected earnings per share (EPS) for 2025, 2026, and 2027 are 0.20 yuan, 0.22 yuan, and 0.24 yuan, respectively, with corresponding price-to-earnings (PE) ratios of 98x, 88x, and 81x [4][6]. Strategic Focus Summary - The company is committed to its "AI + Content + Scenarios" strategy, enhancing its service offerings through AI applications such as intelligent search and automated content generation [3]. - The company has seen over 80% growth in its B2B custom service clients and over 20% growth in AI-driven creative services [3]. - Collaborations with major companies like Microsoft and Baidu are aimed at expanding the company's reach in consumer applications [3].

视觉（中国）文化发展股份有限公司 投资者关系活动登记表 编号：2025-002 | | □特定对象调研 分析师会议 | | --- | --- | | 投资者关系 | □媒体采访 □业绩说明会 | | 活动类别 | □新闻发布会 □路演活动 | | | □现场参观 | | | □其他 | | 参与单位名称 | 详见附件。 | | 时 间 | 年 月 日 2025 4 24 15:00-16:00 | | 地 点 | 公司会议室，线上会议 | | 上市公司接待 | 公司董事、总裁：柴继军先生 | | 人员姓名 | 公司副总裁、财务负责人：陈春柳女士 | | | 公司董事会秘书：李淼先生 | | | 一、公司总裁柴继军先生解读公司 2024 年及 2025 年一季度业务进 | | | 展情况 | | | 各位投资者及分析师下午好。感谢大家参与我们今天的交流会。 | | | 2024 年，公司在战略布局和业务拓展的两方面都有不小的变化， | | | 同时也很高兴我们继续维持住了视觉中国多年以来积累的市场地位 | | | 及竞争优势。总的来说我们稳步推进了"AI 智能+内容数据+应用场 | | 资者关系活动主 | ...

Summary of Visual China Conference Call Company Overview - **Company**: Visual China - **Industry**: Digital Content and AI Technology Key Points and Arguments Business Transformation and AI Integration - Visual China is transforming its core business through AI technology, upgrading copyright data into multidimensional metadata, accumulating approximately 540 million digital content pieces, and developing proprietary AI models for intelligent applications like smart search and image matching [2][4][5] - The company has seen a significant increase in its audio-visual business, which now accounts for 34% of total revenue, up from 26% in 2023 [2][11] Financial Performance - In 2024, Visual China reported a revenue of 811 million yuan, a year-on-year increase of 3.89%, while net profit attributable to shareholders was 119 million yuan, down 18.17% due to a high base effect from the previous year [2][11] - For Q1 2025, the company achieved a revenue of 189 million yuan, an increase of 8.43%, and a net profit of 17.81 million yuan, up 12.26% [2][11] AI-Driven Customization Services - The company has effectively utilized AI to enhance its content customization services, launching technologies like text-to-image and image-to-image generation, resulting in over 80% growth in B2B client numbers and a 20% increase in revenue [2][6][15] - Visual China emphasizes the importance of copyright compliance in AI-assisted content creation, ensuring that all generated content meets legal requirements [16] Strategic Investments - Visual China is strategically investing in the 3D content sector, including partnerships with leading 3D content manufacturers and platforms, expanding its service offerings to include comprehensive 3D solutions [2][8][28] - The company has also invested in Pixel Bloom, which has rapidly gained market competitiveness, ranking first in the domestic PPT tool market and second globally [9][10] Market Position and Future Outlook - The company is positioning itself as a comprehensive service provider rather than just a content supplier, integrating API interfaces and digital asset management systems to enhance client engagement and revenue generation [17][18] - Visual China anticipates significant growth in the next two to three years, projecting a potential revenue increase of 20% to 30% driven by AI technology and strategic investments [23] Industry Collaboration and Innovation - Visual China collaborates with various media organizations and technology companies to provide digital asset management solutions and innovative content licensing [7][21] - The company is exploring new business models in the AIGC era, focusing on virtual production and AI-driven content creation to enhance efficiency and reduce costs [24][25][30] Challenges and Adaptation - The 3D content market is still in its early stages, facing challenges such as high technical barriers and compatibility issues with existing software [28] - Visual China is adapting to technological changes in the content industry by leveraging its strengths in copyright compliance and operational experience to transition into a technology-driven cultural company [30][31] Additional Important Insights - The company has seen a significant increase in new customer acquisition for its AI-generated content tools, with an 80% rise in new clients contributing approximately 20% to revenue [4][13] - Visual China's strategic focus on both B2B and C2D markets aims to create differentiated advantages through AI technology and data resources [19][23]