Core Viewpoint - Visual China (000681) announced that its wholly-owned subsidiary's investment, MiniMax Group Inc., was listed on the Hong Kong Stock Exchange on January 9, 2024, which is expected to significantly impact the company's financials [1] Financial Impact - The fair value change of the shares held by the company in MiniMax is estimated at 67.35 million yuan, accounting for 56.53% of the company's audited net profit attributable to shareholders for the fiscal year 2024 [1] - The expected impact on the company's net profit attributable to shareholders for the fiscal year 2025 from this investment is approximately 14 million yuan, representing 11.81% of the audited net profit for 2024 [1]

证券代码：000681 证券简称：视觉中国 公告编号：2026-004 视觉（中国）文化发展股份有限公司 公司通过全资子公司 Elephant Vision Technologies Limited 持有 MiniMax 330,222 股，禁售期为 MiniMax 上市后 6 个月。 三、对公司的影响 关于参股公司首次公开发行股票并在香港联合交易所上市 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"或"本公司"）通过全 资子公司 Elephant Vision Technologies Limited 参股的 MiniMax Group Inc.（以下 简称"MiniMax"）于 2026 年 1 月 9 日在香港联合交易所主板上市。MiniMax 本 次全球发售 25,389,220 股，上市股份类别为普通股（H 股），发行价格为 165 港 元/股，2026 年 1 月 9 日收盘价为 345 港元/股。以 MiniMax 2026 年 1 月 9 日收 盘价为基准初步估算，公司持有的股份累计公 ...

证券代码：000681 证券简称：视觉中国 公告编号：2026-003 视觉（中国）文化发展股份有限公司 关于公司为子公司提供担保的进展公告 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、担保情况概述 1. 担保事项的基本情况 近日，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"）全资子公司汉华易美视觉科技有限公司（以下简称"子公司"或"汉华易 美"）与兴业银行股份有限公司北京分行（以下简称"兴业银行"）签订额度授信 合同，公司与兴业银行签订《最高额保证合同》，为子公司在兴业银行融资合同 项下所欠债务余额承担连带保证责任。 2. 担保额度的审批情况 2025 年 4 月 23 日，公司第十届董事会第二十二次会议审议通过了《关于 2025 年度公司对子公司担保额度预计的议案》，同意公司对全资子公司提供担保，其 中为北京华夏视觉科技集团有限公司提供担保额度为人民币 10,000 万元，为汉 华易美（天津）图像技术有限公司提供担保额度为人民币 10,000 万元，为汉华 易美视觉科技有限公司提供担保额度为人民币 10,000 万元，上述担保 ...

Core Viewpoint - The company announced that its wholly-owned subsidiary, HanHua YiMei Visual Technology, has signed a credit limit contract with Industrial Bank, providing a joint guarantee of 30 million yuan [1] Group 1: Financial Performance - As of December 31, 2024, HanHua YiMei reported revenue of 296.89 million yuan and a net profit of 25.81 million yuan [1] - As of September 30, 2025, the revenue was 156.12 million yuan with a net profit of 8.85 million yuan [1] Group 2: Guarantee and Risk Management - The company has previously approved a guarantee limit of 300 million yuan for its subsidiary, which was ratified by the shareholders' meeting [1] - After this guarantee, the total guarantee balance for the subsidiary is 45 million yuan, representing 1.26% of the most recent audited net assets, with no other external or overdue guarantees [1]

Core Viewpoint - The company announced that its wholly-owned subsidiary MiniMax will be listed on the Hong Kong Stock Exchange on January 9, 2026, with a global offering of 25.3892 million shares at an issue price of 165 HKD per share, closing at 345 HKD per share on the first day of trading [1] Financial Impact - The company holds 330,200 shares of MiniMax, with a lock-up period of 6 months, resulting in an estimated fair value change of 67.35 million RMB, which accounts for 56.53% of the audited net profit attributable to the parent company for the fiscal year 2024 [1] - The expected impact on the net profit attributable to the parent company for the fiscal year 2025 is approximately 14 million RMB, representing 11.81% of the fiscal year 2024 net profit [1] - There is uncertainty regarding the subsequent performance impact following the listing [1]

Market Performance - The digital media sector increased by 4.87% on January 9, with "Zhi De Mai" leading the gains [1] - The Shanghai Composite Index closed at 4120.43, up 0.92%, while the Shenzhen Component Index closed at 14120.15, up 1.15% [1] Individual Stock Performance - "Zhi De Mai" (300785) closed at 52.20, up 12.14%, with a trading volume of 411,300 shares and a transaction value of 2.06 billion [1] - "Xin Hua Wang" (603888) closed at 22.24, up 7.91%, with a trading volume of 386,500 shares and a transaction value of 830 million [1] - "Mango Super Media" (300413) closed at 26.34, up 5.15%, with a trading volume of 430,300 shares and a transaction value of 1.11 billion [1] - "Ren Min Wang" (603000) closed at 21.05, up 4.88%, with a trading volume of 413,400 shares and a transaction value of 855 million [1] - "Shi Jie Zhong Guo" (000681) closed at 26.02, up 4.50%, with a trading volume of 1,395,300 shares and a transaction value of 3.56 billion [1] Capital Flow Analysis - The digital media sector saw a net inflow of 219 million from institutional investors, while retail investors experienced a net outflow of 111 million [2] - "Zhi De Mai" had a net inflow of 99.46 million from institutional investors, but a net outflow of 61.19 million from retail investors [3] - "Mango Super Media" experienced a net inflow of 72.86 million from institutional investors, with a net outflow of 41.86 million from retail investors [3]

Core Viewpoint - Visual China (000681.SZ) announced that its wholly-owned subsidiary, Beijing Huaxia Visual Technology Group Co., Ltd., plans to jointly establish a limited partnership named "Tianjin Fund" with Beijing Huagai Chuangying Private Equity Fund Management Co., Ltd. [1] Group 1 - The Tianjin Fund is expected to have a total subscription scale of 500 million RMB, with an initial subscription of 50.5 million RMB [1] - Beijing Huaxia will act as a limited partner in the Tianjin Fund, contributing 50 million RMB, which accounts for 99% of the total subscription [1] - Huagai Chuangying will serve as the general partner of the Tianjin Fund, contributing 500,000 RMB, which represents 1% of the total subscription [1]

Core Viewpoint - Visual China (000681.SZ) announced that its wholly-owned subsidiary, Beijing Huaxia Visual Technology Group Co., Ltd., plans to jointly establish a limited partnership called "Tianjin Fund" with Beijing Huagai Chuangying Private Fund Management Co., Ltd. [1] Group 1 - The Tianjin Fund is expected to have a total subscription scale of 500 million yuan, with an initial subscription of 50.5 million yuan [1] - Beijing Huaxia will act as a limited partner in the Tianjin Fund, contributing 50 million yuan, which accounts for 99% of the fund [1] - Huagai Chuangying will serve as the general partner of the Tianjin Fund, contributing 500,000 yuan, which accounts for 1% of the fund [1] Group 2 - The fund will specifically invest in Beijing Shenshu Technology Co., Ltd. [1]

Core Viewpoint - Visual China (000681.SZ) announced that its wholly-owned subsidiary, Beijing Huaxia Visual Technology Group Co., Ltd., plans to jointly establish a limited partnership called "Tianjin Fund" with Beijing Huagai Chuangying Private Equity Fund Management Co., Ltd. [1] Group 1 - The Tianjin Fund is expected to have a total subscription scale of 500 million yuan, with an initial subscription of 50.5 million yuan [1] - Beijing Huaxia will act as a limited partner in the Tianjin Fund, contributing 50 million yuan, which accounts for 99% of the fund [1] - Huagai Chuangying will serve as the general partner of the Tianjin Fund, contributing 500,000 yuan, which accounts for 1% of the fund [1] Group 2 - The fund will specifically invest in Beijing Shenshu Technology Co., Ltd. [1]

格隆汇1月5日丨视觉中国(000681.SZ)公布，公司全资子公司北京华夏视觉科技集团有限公司（简称"北 京华夏"）拟与北京华盖创赢私募基金管理有限公司（简称"华盖创赢"）共同出资设立生生不息（天 津）智能科技合伙企业（有限合伙）（暂定名，实际以工商设立为准，简称"天津基金"）。天津基金预 期认缴规模5亿元，设立初期认缴5,050万元，其中北京华夏担任天津基金的有限合伙人，认缴出资额人 民币5,000万元，占比99%，华盖创赢担任天津基金的普通合伙人，认缴出资额人民币50万元，占比 1%。 ...