Visual China Group Co., Ltd. (811268) News

Visual China Group (000681.SZ): Written off assets amounting to RMB 13.9095 million

Gelonghui, August 7 — Visual China Group (000681.SZ) announced that, in order to further strengthen the company's asset management and mitigate financial risks, it has written off certain assets in accordance with the Enterprise Accounting Standards and the company's financial management regulations, taking into account its actual circumstances. The amount of this asset write-off totals RMB 13.9095 million, representing accounts receivable owed to Jiangsu Vision Entertainment New Technology Co., Ltd., a wholly owned second-tier subsidiary of the company, by Shenzhen Aitfans Intelligent Technology Co., Ltd. The primary reason for the write-off is that the aforementioned receivables have remained outstanding for over three years and are unrecoverable. Publicly available business registration and judicial records indicate that the debtor is involved in

Gelonghui FinanceAug 7 16:15

Express News | SeaArt Completes Series B Funding Round Exceeding RMB 100 Million, Co-led by Visual China Group, Huagai Capital, and Vertex Ventures China

SeaArt, a global AI-powered multimodal content interaction and entertainment platform, recently announced the completion of a Series B funding round exceeding RMB 100 million. The round was co-led by Visual China Group, Huagai Capital, and Vertex Ventures China, with participation from GF Xinde, TianTou Capital, Sichuan Venture Capital, and Guangzhou Hewei Yongsheng. The proceeds will primarily be used to advance foundational multimodal AI research and development, expand into global markets, and incubate vertical AI applications. Publicly available data indicates that the platform has accumulated over 65 million registered users, with overseas users accounting for more than 90% of the total. The company reports a gross margin exceeding 40%, a core product user retention rate above 60%, and a consistently high average revenue per paying user (ARPPU).

BreakingsJul 27 21:29

Visual China Group (000681.SZ): A subsidiary plans to jointly invest in a partnership enterprise with a professional investment institution.

Gelonghui, July 15 — Visual China Group (000681.SZ) announced that its wholly owned subsidiary, Beijing Huaxia Vision Technology Group Co., Ltd. ("Beijing Huaxia"), intends to invest RMB 10 million of its own funds alongside Tianjin Lisi Mingtang Enterprise Management Consulting Partnership (Limited Partnership) ("Tianjin Lisi") in Tianjin Lisi Xingque Venture Capital Partnership (Limited Partnership) (the "Partnership," "Limited Partnership," or "Tianjin Lisi Fund"). Tianjin Lisi will act as the general partner, and Hainan Lisi Private Fund Management Co., Ltd. ("Hainan Lisi") will serve as the fund manager.

Gelonghui FinanceJul 15 21:01

Express News | Visual China Group: H1 net profit expected to increase by 128.42%–162.68% year-on-year

Visual China Group announced that it expects its net profit for the first half of 2026 to range between RMB 100 million and RMB 115 million, representing a year-on-year increase of 128.42%–162.68%. During the first half of 2026, fluctuations in the share price of MiniMax (Xi Yu Technology), in which the company holds an investment, led to an increase in its fair value, resulting in a gain from changes in fair value of approximately RMB 70.8518 million. This item is classified as non-recurring profit or loss. The company will continue to focus on its core business, continuously optimize its product portfolio, strengthen cost and expense management, and proactively manage foreign exchange fluctuation risks, with the aim of enhancing profitability and operational quality to deliver greater value to shareholders.

BreakingsJul 14 18:23

Visual China Subsidiary's Investee Fund Reduces Share Capital Following Partner Withdrawal; Shares Rise 4%

A fund invested in by Visual China (SHE:000681) subsidiary Beijing Huaxia Visual Technology reduced its total registered capital to 93.5 million yuan from 143.5 million yuan, according to a Monday

MT NewswiresJun 22 14:35