Analysis of Visual China's (000681) Strong Performance: AI-Driven Growth and Risk Warnings

Visual China (000681) is a leading visual content copyright service provider in China, with its main business being image and video licensing sales [0]. The core drivers behind its recent strong performance include: business upgrading under the AI concept (layout of AI copyright review system), financial improvement (revenue of 813 million yuan, net profit of 112 million yuan, gross margin of 44.2%), and policy support for AI+ initiatives [0]. At the policy level, the goal of popularizing AI smart terminals has driven industry demand growth [6]. The company’s stock price has increased by 65.35% year-to-date [0], with the latest share price at 25.34 yuan [1]. However, on November 22, 2025, it lost the first instance of a copyright lawsuit [5], exposing potential loopholes in copyright management.

1. Synergy between AI and Policies
   : The dividend from AI+ policies resonates with the company’s AI technology layout. The popularization of smart terminals increases demand for visual content [6], and the AI review system optimizes operational efficiency [0].
2. Structural Opportunities
   : In the AI era, the demand for copyright confirmation and protection has upgraded, and the company’s technological layout is expected to seize the industry’s first-mover advantage [0].

• Risks
  : Losing the copyright lawsuit may trigger subsequent legal risks and brand trust crises [5]; the effect of AI technology application is uncertain.
• Opportunities
  : AI+ policies bring an industry growth window [6]; the promotion of AI copyright systems enhances competitiveness [0].
• Priority
  : The progress of the copyright lawsuit is a high-priority issue to focus on in the short term.

Visual China (000681) currently has a market value of 17.73 billion yuan [0]. AI concepts and policy support are the core growth drivers, but copyright management risks need to be focused on. Investors should comprehensively evaluate based on industry trends, transformation progress, and legal developments.