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MarketScreener Homepage  >  Equities  >  SHENZHEN STOCK EXCHANGE  >  Visual China Group Co Ltd    000681   CNE000000BW8

VISUAL CHINA GROUP CO LTD

(000681)
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Visual China : fined over false photo copyright claims

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04/18/2019 | 11:01am EDT

SINGAPORE (Reuters) - Visual China Group Co Ltd, the largest Chinese stock images provider, said on Thursday that a subsidiary has been fined by internet authorities, days after it falsely claimed copyright of prominent images.

Internet authorities in China's Tianjin city slapped a fine of 300,000 yuan ($44,720) on the company for violating the country's cyber security laws, Visual China said in a filing to the Shenzhen stock exchange.

On Friday, Visual China, which partners with U.S. photo agency Getty Images, shut its website and apologised after it falsely claimed copyright of images such as the first photo of a black hole and China's national flag. The news had caused its shares to slump by the maximum 10 percent daily limit.

On Thursday, its shares closed 4.4 percent lower, lagging the performance of broader Chinese stock indices.

(Reporting by Lee Chyen Yee in Singapore; Editing by Susan Fenton)

Stocks mentioned in the article
ChangeLast1st jan.
US DOLLAR / CHINESE YUAN RENMINBI (USD/CNY) 0.15% 7.0763 Delayed Quote.2.98%
VISUAL CHINA GROUP CO LTD End-of-day quote.
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Financials (CNY)
Sales 2019 935 M
EBIT 2019 399 M
Net income 2019 332 M
Finance 2019 368 M
Yield 2019 0,24%
P/E ratio 2019 43,5x
P/E ratio 2020 33,3x
EV / Sales2019 14,8x
EV / Sales2020 11,3x
Capitalization 14 250 M
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus BUY
Number of Analysts 7
Average target price 22,71  CNY
Last Close Price 20,34  CNY
Spread / Highest target 22,1%
Spread / Average Target 11,7%
Spread / Lowest Target -6,10%
EPS Revisions
Managers
NameTitle
Jun Liang President & Director
Jie Liao Chairman
Ji Jun Chai Board Secretary, Director, VP & Chief Editor
Yun Dong Zhou Director
Di Sheng Zhang Independent Director
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