Group 1 - The State Council released the "Opinions on Deepening the Implementation of 'Artificial Intelligence+' Action," emphasizing the need for software and information service companies to undergo intelligent transformation and restructure product forms and service models [1] - Yuxin Technology's CTO Zhang Ning stated that emerging technologies like AI Agents will play a crucial role, with plans to fully integrate AI capabilities into their technology services by 2027, transforming the product forms and service models in fintech [1] - Yuxin Technology aims to establish its AI+ technology layout strategy by analyzing market trends and customer needs, planning to incorporate AI capabilities into all technology services within three years, positioning AI as a core competitive advantage [1] Group 2 - The unique nature of fintech presents customization challenges for AI+ development technologies, with existing systems and AI models in banks raising integration demands for intelligent agents [2] - Yuxin Technology's self-developed AI+ product design focuses on creating intelligent agents that can operate like human employees, incorporating human-like thinking, memory, tools, and interaction [2] - Founded in 1999, Yuxin Technology is transitioning from a traditional banking IT service provider to an AI-driven fintech company, ranking second in the IT solutions market share for the banking industry according to IDC's report [2]

Core Viewpoint - The A-share market shows mixed performance with slight increases in major indices, while individual stocks exhibit a broader decline, indicating a complex market sentiment [1][3]. Market Performance - As of the midday close, the Shanghai Composite Index rose by 0.34% to 3528.9 points, the Shenzhen Component increased by 0.3% to 10905.91 points, and the ChiNext Index gained 0.26% to 2275.26 points [1]. - Over 3000 stocks in the market experienced declines, reflecting a challenging environment for investors [3]. - The total trading volume in the Shanghai and Shenzhen markets reached 1.02 trillion yuan [3]. Sector Analysis - The rare earth permanent magnet sector saw significant gains, while coal mining, education, and liquor stocks also performed well [5]. - Conversely, sectors such as gaming, consumer electronics, photovoltaic, and CRO concepts faced declines [5]. Capital Flow - Main capital inflows were observed in sectors like non-ferrous metals, basic chemicals, and computers, while outflows were noted in electronics, pharmaceuticals, and light manufacturing [7]. - Specific stocks with notable net inflows included Northern Rare Earth (34.56 billion yuan), Wanhua Chemical (15.36 billion yuan), and China Oil Capital (14.10 billion yuan) [8]. - Stocks facing significant net outflows included BYD (5.66 billion yuan), Shenghong Technology (4.53 billion yuan), and Hongbo Shares (4.48 billion yuan) [9]. Institutional Insights - CICC's report highlights the maturation of AI Agent technology and its potential to create a complete commercial ecosystem by 2025, marking a pivotal year for the AI industry [11]. - CITIC Securities remains optimistic about the non-bank sector, citing macroeconomic stability and liquidity release as key factors for growth, alongside regulatory changes that could enhance revenue for brokerage firms [11].

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：2025-003 | | □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"互动易"平台参与公司本次 年度网上业绩说明会的投 2024 | | | 资者。 | | 时 间 | 2025 年 4 月 30 日 15:00-16:00 | | 地 点 | "互动易"平台，线上会议 | | | 公司董事、总裁：柴继军先生 | | 上市公司接待 | 公司独立董事：陆先忠先生 | | 人员姓名 | 公司副总裁、财务负责人：陈春柳女士 | | | 公司董秘：李淼先生 公司就投资者在本次说明会中提出的问题进行了回复： | | | 1.公司针对语料图片资源未来进一步商业化变现想法？ 答：图片、音视频、3D 等内容数据是公司的核心优势，公司凭 | | | 借 AI 技术，持续挖掘优质数据价值，经过基础视觉、创作技法、实 | | | 体识别、人物属性、时空背景、显性意图、隐性意图、应用场景 ...

Group 1 - The main index failed to break through the 3400 mark, with southbound capital reaching 26.1 billion, the third highest since 2014 [1] - The Shanghai Composite Index peaked at 3392.41 points but closed with a total trading volume of nearly 1.7 trillion, an increase of 13.62% from the previous day [1] - Southbound capital showed volatility, with a net sell of 4 billion after a record high of 29.6 billion, indicating a complex trading environment [1] Group 2 - The AI computing power sector experienced a surge in the morning, with nearly 20 related stocks hitting the daily limit, but faced significant differentiation in the afternoon due to rumors regarding HXDX credit approval [2] - The market dynamics in the AI computing sector are influenced by the interplay between domestic and NVIDIA computing power, as well as competition among service providers [2] - The long-term demand for domestic computing power is confirmed, but market speculation remains intense, leading to a search for less competitive segments [2] Group 3 - The upcoming financial reporting period in March and April poses risks for high-valuation tech stocks, but core positioning may present opportunities [3] - Significant events in March related to AI computing and applications are anticipated, including major conferences and financial reports from key players like NVIDIA and Tencent [3] - The investment focus in the tech sector is shifting towards AI and robotics, with potential benefits for domestic server manufacturers and new technology breakthroughs [4] Group 4 - Major companies such as Alibaba, Tencent, and ByteDance are expected to have significant project tenders and launches in March, which could act as catalysts for the market [4] - The AI application sector is expected to see surprises, particularly in government AI and robotics from Huawei, Tencent, and ByteDance [4] - The current low institutional holdings in tech stocks may lead to valuation recovery if financial reports show order or revenue growth [4]