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    000681   CNE000000BW8

VISUAL CHINA GROUP CO.,LTD.

(000681)
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Visual China fined over false photo copyright claims

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)


© Reuters 2019
Stocks mentioned in the article
ChangeLast1st jan.
SHENZHEN STOCK EXCHANGE A SHARE INDEX -0.61% 2519.6281 Real-time Quote.3.37%
US DOLLAR / CHINESE YUAN RENMINBI (USD/CNY) 0.00% 6.3967 Delayed Quote.-2.02%
VISUAL CHINA GROUP CO.,LTD. -1.94% 13.62 End-of-day quote.4.77%
All news about VISUAL CHINA GROUP CO.,LTD.
2019VISUAL CHINA  : Imaginechina suspend websites after Chinese regulator finds viol..
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2019Visual China fined over false photo copyright claims
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2019Furore over 'black hole' photo forces China's largest image provider to shut
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2016Visual China expands photo archive, to invest $100 million in Getty Images
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2016Visual China buys Corbis Entertainment
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2016VISUAL CHINA  : Affiliate of Visual China Group Acquires Assets of Corbis Images
BU
More news
Financials
Sales 2021 763 M 119 M 119 M
Net income 2021 235 M 36,7 M 36,7 M
Net Debt 2021 - - -
P/E ratio 2021 40,9x
Yield 2021 0,48%
Capitalization 9 542 M 1 491 M 1 492 M
Capi. / Sales 2021 12,5x
Capi. / Sales 2022 9,84x
Nbr of Employees 483
Free-Float 50,7%
Chart VISUAL CHINA GROUP CO.,LTD.
Duration : Period :
Visual China Group Co.,Ltd. Technical Analysis Chart | MarketScreener
Full-screen chart
Technical analysis trends VISUAL CHINA GROUP CO.,LTD.
Short TermMid-TermLong Term
TrendsBullishNeutralBearish
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus BUY
Number of Analysts 4
Average target price 18,21 CNY
Last Close Price 13,62 CNY
Spread / Highest target 62,9%
Spread / Average Target 33,7%
Spread / Lowest Target 16,3%
EPS Revisions
Managers and Directors
NameTitle
Jun Liang President & Director
Jie Liao Chairman
Shuai Pan Independent Director
Wu Xiang Zhu Independent Director
Ji Jun Chai Director & Vice President
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