Xinhua Media opened limit-up again on September 24, recording its fourth consecutive daily limit-up. As of midday, the stock traded at 7.77 yuan per share, with a total market value of 8.119 billion yuan, and more than 4 million lots locked on the limit-up board. The stock has seen over 1 million lots of locked orders for four consecutive trading days. On the news front, the company announced on the evening of September 23 that it plans to acquire a 100% stake in Shanghai Jiemian Cailianshe Technology Co., Ltd. through the issuance of shares. As of the announcement date, the audit and valuation work involved in this transaction has not yet been completed, and it still needs to go through necessary internal decision-making procedures and obtain approval from competent regulatory authorities before formal implementation. There is uncertainty over whether approval will be obtained and the final approval timing. The announcement shows that after self-inspection, the company's production and operations are currently normal, with no major changes in its internal and external operating environment, and its main business remains unchanged. Xinhua Media disclosed its 2025 annual report on March 31, 2026, with net profit attributable to shareholders of the listed company after deducting non-recurring gains and losses at negative 16.2975 million yuan. According to the previously disclosed major asset restructuring plan, unaudited key summary financial data of Jiemian Cailianshe shows that net cash flows from operating activities for 2024 and 2025 were 122 million yuan and 222 million yuan respectively, and net profit attributable to the parent company in 2025 was approximately 108 million yuan.
Shanghai Xinhua Media Co LtdXinhua Media plans to acquire 100% of Jiemian Cailianshe via share issuance, a major asset restructuring that would add a profitable target (2025 net profit ~108 million yuan).
