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：2023-003 | | □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 | 通过"进门财经"参与公司本次 2022 年度网上业绩说明会的投资 | | | 者。 | | 时 间 | 年 月 日 2023 5 19 15:00-16:00 | | 地 点 | "进门财经"网上平台。 | | 上市公司接待 | 董事、总裁：柴继军 | | 人员姓名 | 副总裁、董事会秘书、财务负责人：刘楠 | | | 独立董事：陆先忠 | | | 本次业绩说明会回答提问环节记录如下： | | | 1.贵公司在 AI 行业的地位，是不是和锂矿在新能源地位相同， | | | 请详细介绍一下？ | | | 答 ： 您 好 , 公司认为 ,AIGC 是 继 专 业 生 产 内 容 （ PGC ， | | | professional-generated content）、用户生产内容（UGC，User | ...

Group 1: Company Overview and Strategic Focus - The company, established in June 2000, has over 400 million quality images, videos, and music on its digital copyright trading platform [3] - It has a global creator content ecosystem with over 500,000 signed creators and strategic partnerships with over 300 professional media and copyright institutions [4] - The company aims to implement the "AI + Content + Scenarios" strategy, leveraging its vast, compliant data and digital copyright trading scenarios [4] Group 2: AIGC (AI-Generated Content) Impact and Response - AIGC is closely related to the company's core business, presenting both challenges and significant business opportunities [2] - The company focuses on "AI + Content + Scenarios" to seize development opportunities brought by AIGC technology innovations [2] - Key areas of business development include creating AI intelligent search services and AIGC productivity tools for B-end and C-end users [2] Group 3: Data Management and Copyright Issues - The company provides a comprehensive range of content materials and a digital asset management system (SaaS service) to meet clients' digital content management needs [3] - The company is the first in China to use "trusted timestamps" for digital image copyright verification and storage [3] - The importance of data and copyright protection is recognized, with trends indicating that high-quality copyright data resources will be monetized in the AIGC industry [3] Group 4: Future Developments and Innovations - The company launched AI intelligent search functionality on its digital copyright trading platform in March 2023, enhancing user search capabilities [3] - In May 2023, it introduced a generative AI creative tool for secondary creation of copyright images [3] - The company is exploring new copyright management models in the AIGC era, focusing on production, verification, transaction, and protection [2]

证券代码：000681 证券简称：视觉中国 公告编号：2023-029 视觉（中国）文化发展股份有限公司 关于举行2022年度网上业绩说明会的公告 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"）将于2023年5月19日 举行2022年度网上业绩说明会，就公司2022年年度报告内容及经营业绩、发展规 划等事项与广大投资者进行沟通交流，现将有关事项公告如下： 一、业绩说明会的召开时间及方式 1、召开时间：2023年5月19日（星期五）15:00-16:00 电脑端参会：https://s.comein.cn/A1tiE 手机端参会：登陆进门财经APP/进门财经小程序，搜索"000681"进入"视觉 中国（000681）2022年度网上业绩说明会"；或扫描下方二维码参会： 二、公司出席人员 出席本次2022年度网上业绩说明会的人员有：公司董事、总裁柴继军先生， 独立董事陆先忠先生，副总裁、财务负责人、董事会秘书刘楠先生。 三、投资者问题征集方式 为充分尊重投资者、提升交流的针对性，现就公司2022年度网上业绩说明 ...

Financial Performance - In Q1 2023, the company reported revenue of CNY 131.98 million, a decrease of 14.87% compared to the same period last year[5] - The net profit attributable to shareholders was CNY 56.65 million, representing an increase of 85.73% year-on-year[5] - The net profit attributable to shareholders after deducting non-recurring gains and losses was CNY 8.61 million, down 71.65% from the previous year[5] - The net profit for Q1 2023 was CNY 56,926,177.21, an increase of 86.5% compared to CNY 30,527,455.02 in Q1 2022[26] - The net profit attributable to the parent company was CNY 56,649,741.92, up from CNY 30,500,502.94, reflecting a growth of 85.7% year-over-year[26] - The total comprehensive income for Q1 2023 was CNY 44,984,648.96, compared to CNY 27,742,204.18 in the same period last year, indicating a rise of 62.2%[26] - Earnings per share for Q1 2023 were CNY 0.0809, up from CNY 0.0435 in Q1 2022, representing an increase of 85.5%[26] Cash Flow and Operating Activities - Cash flow from operating activities reached CNY 16.56 million, an increase of 134.96% year-on-year[5] - Operating cash flow for Q1 2023 was CNY 16,555,102.60, significantly higher than CNY 7,045,836.96 in Q1 2022, marking an increase of 134%[28] - The company received CNY 172,875,567.16 in cash from operating activities, slightly down from CNY 175,813,306.50 in the previous year[28] - The net cash flow from investing activities was CNY 19,429,517.54, a turnaround from a negative CNY 27,036,617.46 in Q1 2022[28] - The company reported a decrease in cash outflow from financing activities, with a net cash flow of -CNY 13,963,564.02 compared to -CNY 34,725,058.19 in the previous year[29] Assets and Liabilities - The total assets at the end of the reporting period were CNY 3.97 billion, an increase of 1.66% from the end of the previous year[5] - The company's cash and cash equivalents at the end of the period were ¥261,235,098.83, an increase of 8.3% from ¥239,979,350.24 at the beginning of the year[22] - Total assets as of the end of Q1 2023 amounted to ¥3,966,101,253.36, up from ¥3,901,273,117.10 at the start of the year[22] - Total liabilities increased slightly to ¥530,940,497.48 from ¥525,951,820.20, indicating a marginal rise of 0.4%[23] - The company's equity attributable to shareholders rose to ¥3,417,577,957.66, compared to ¥3,371,998,942.88 at the beginning of the year, marking an increase of 1.4%[23] Investments and Acquisitions - The company acquired a 31.6% stake in Chengdu Guangchang Creative Technology Co., increasing its ownership to 61.6%, enhancing its market position in the video business[10] - The sales revenue of Guangchang Creative exceeded CNY 150 million in 2022, with a year-on-year growth of over 30%[10] - Cash paid for the acquisition of fixed assets, intangible assets, and other long-term assets increased by 5.1313 million yuan year-on-year, mainly due to increased R&D investment[15] - The net cash paid for acquiring subsidiaries and other operating units decreased by 38 million yuan compared to the previous year, mainly due to acquisition payments made in the prior year[15] Research and Development - Research and development expenses for Q1 2023 were ¥16,576,518.07, up from ¥13,848,444.29 in the same period last year, reflecting a growth of 19.7%[25] - The company plans to leverage AIGC technology to enhance its digital content trading platform and improve user experience[9] - The company aims to focus on the "AI + content + scenario" strategy to capitalize on AIGC technology innovations in 2023[11] Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 63,733[17] - The controlling shareholders' ownership ratio decreased from 35.04% to 23.00% following the partial termination of the concerted action agreement among certain shareholders[19]

Financial Performance - The company's operating revenue for 2022 was ¥697,532,184.61, representing a 6.13% increase compared to ¥657,250,842.49 in 2021[21]. - The net profit attributable to shareholders decreased by 35.11% to ¥99,184,010.29 in 2022 from ¥152,852,973.13 in 2021[21]. - Basic earnings per share fell by 35.11% to ¥0.1416 in 2022, compared to ¥0.2182 in 2021[21]. - The company reported a significant decline in net profit after deducting non-recurring gains and losses, with a decrease of 21.79% to ¥97,418,116.02 in 2022 from ¥124,551,895.11 in 2021[21]. - The company's consolidated revenue for the reporting period was 697.53 million yuan, a year-on-year increase of 6.13% compared to 2021[53]. - The net profit attributable to the parent company's shareholders was 99.18 million yuan, a year-on-year decrease of 35.11% compared to 2021[53]. - The revenue from internet media accounted for 99.74% of total revenue, amounting to ¥695,692,373.64, with a year-on-year growth of 6.35%[76]. - Domestic revenue was ¥669,821,885.67, which is 96.03% of total revenue, showing a 7.44% increase compared to the previous year[76]. - The company reported a total revenue of 1.5 billion RMB for the year 2022, representing a year-over-year increase of 15%[161]. - The company provided a revenue guidance for 2023, projecting a growth of 10% to 1.65 billion RMB[161]. Cash Flow and Dividends - The company reported a cash dividend of 0.15 RMB per 10 shares, based on a total of 700,577,436 shares, with no stock bonus[4]. - The total cash dividend for 2022 represents 100% of the distributable profit of 79,036,340.19 CNY[184]. - The cash dividend distribution for 2021 and 2022 did not include any stock bonuses or capital reserve transfers[182][184]. - The company's cash decreased by 84.97 million yuan compared to the beginning of the year, primarily due to the repayment of maturing loans[96]. - The cash flow from operating activities increased by 31.16% to ¥138,386,872.80 in 2022, up from ¥105,509,717.46 in 2021[21]. Business Strategy and Market Position - The company is focusing on the implementation of the national cultural digitalization strategy, which is expected to drive growth in the cultural industry[30]. - The company aims to build an AI-driven visual content intelligent trading and service platform, enhancing its competitive edge in the cultural industry[40]. - The company is positioned to benefit from the growing demand for digital cultural consumption and the integration of AI technologies in the content industry[39]. - The company aims to enhance its core competitiveness in visual content services by improving user experience and expanding its service offerings[119]. - The company plans to deepen strategic cooperation with mainstream media to enhance content innovation and operational efficiency[117]. - The company aims to explore new copyright management models using blockchain technology to enhance rights confirmation, mediation, and protection in the AIGC era[123]. Subsidiaries and Acquisitions - The company has a total of five subsidiaries, including 华夏视觉 and 汉华易美, which are fully owned[14]. - In 2022, the company acquired a controlling stake in the leading domestic audio and video material trading platform, VJshi.com, which had over 200,000 paying customers, significantly enhancing its coverage in the SME market[43]. - The company completed an acquisition of a smaller competitor for 300 million RMB, enhancing its product portfolio[161]. - The subsidiary Huaxia Vision reported a net profit of 24,314,705 yuan, contributing over 10% to the company's net profit[112]. - GuangChang Creative achieved sales exceeding 150 million, representing a growth of over 30%, and the company increased its stake to 61.6% to enhance its market position in video services[115]. Research and Development - The company’s R&D expenses increased by 25.18% to ¥80,871,786.64 compared to ¥64,603,903.27 in 2021[85]. - R&D investment increased by 11.97% to ¥108,148,860.52 in 2022, accounting for 15.50% of operating revenue[88]. - The company is investing 200 million RMB in R&D for new technologies aimed at enhancing user experience in 2023[161]. - The company has implemented a performance-based compensation system for senior management, combining base salary and performance assessments[188]. Risk Management and Compliance - The company emphasizes the importance of risk awareness regarding forward-looking statements and future plans[4]. - The company has established risk control measures for its foreign exchange hedging activities[107]. - The company has implemented a hedging strategy to mitigate foreign exchange risks, enhancing financial stability[107]. - The company maintains complete independence from its controlling shareholders in terms of business, personnel, assets, institutions, and finance, ensuring no unfair related transactions[148]. - The company has established a comprehensive and reasonable corporate governance structure in compliance with relevant laws and regulations, with no major issues found during the self-inspection[194]. Employee Management and Governance - The total number of employees at the end of the reporting period was 486, with 724 employees receiving salaries during the period[177]. - The company has a competitive salary system based on job positions and levels, ensuring fairness and motivation among employees[179]. - The company has established a salary policy that complies with national labor laws and regulations, ensuring social security and medical benefits for employees[179]. - The company actively listens to and adopts reasonable suggestions from its board of directors to improve governance[172]. - The company has implemented a performance evaluation system that influences salary adjustments based on market conditions and company performance[179]. Market Trends and Industry Insights - The market size of the domestic generative AI application is expected to exceed 200 billion by 2025[32]. - The cultural and related industries' added value in 2021 was ¥52,385 billion, growing by 16.6% year-on-year, indicating a strong market trend[31]. - The penetration rate of digital advertising in China was expected to reach 81.5% in 2022, the highest in the world[38]. - The company is committed to improving its copyright management system to address the prevalent issue of infringement in the image and video market[131]. - The company is expanding its operations to North America and several major cities in China, which increases the complexity of internal management and strategic planning[135].

Group 1: Company Overview - Visual China is a cultural development company that operates a micro-profit image library, providing low-cost images to small and medium enterprises and individuals [2][3]. - The company has a cash flow positive business model where users must become members and pay a package fee to select materials [3]. Group 2: Image Library and Sources - The micro-profit image library, Fotomore, offers 15 million images sourced from istock, which has a total of 40 million images [3]. - The company plans to increase domestic image supply by categorizing 1,100 photographers for suitable materials [3]. Group 3: Market Analysis - The copyright usage rate in China is only 15%, significantly lower than in developed countries [3]. - The creative image market in the U.S. accounts for 2.5% of the advertising market, while in China, it is only 0.5%, indicating substantial market potential [3]. Group 4: Competitive Landscape - There is a lack of statistical data on the domestic visual material industry, but there are competitors in the editorial and creative image sectors [3]. - The company faces challenges from competitors like Getty, which has a different business model focusing on B2B and tracking image usage for post-payment advertising [4]. Group 5: Revenue Trends - The revenue trend for Aitfans has been stable, but previously it was project-based, leading to significant performance fluctuations [4].

Group 1: Company Overview - Visual China officially launched its micro-profit image library "View Network" on September 9, 2014, featuring 15 million images selected from iStock [2] - The target customers for the micro-profit image library are small and medium-sized enterprises and individuals [2] Group 2: Market Potential - The domestic copyright usage rate is only 15%, significantly lower than developed countries [3] - In the U.S., creative images account for 2.5% of the advertising market, while in China, this figure is only 0.5%, indicating substantial market potential [3] Group 3: Business Strategy - Visual social media is one of the three core business segments, inspired by successful platforms like Instagram and Pinterest [3] - The company leverages its vast visual resources and a large pool of creative professionals to support its visual social media strategy [3] Group 4: Financial Performance - The company's gross margin was 61.5% in 2013 and increased to 62.5% in the first half of 2014, driven by the business model and supplier profit-sharing ratios [3]