Xinhua Media opened limit-up again on the morning of September 24, notching a fourth consecutive daily limit. The share price stood at 7.77 yuan per share, with total market capitalisation exceeding 8 billion yuan. As of 10:07 a.m., nearly 5 million lots were sealed at the limit-up price, marking the fourth straight trading day with over 1 million lots sealed. The company previously announced plans to acquire a 100% stake in Shanghai Jiemian Cailianshe Technology Co., Ltd. through a share issuance. On the evening of September 23, the company issued an announcement on abnormal stock trading volatility, stating that the audit and appraisal work related to the transaction has not yet been completed, and that necessary internal decision-making procedures still need to be fulfilled. The deal can only be formally implemented after approval by the competent regulatory authorities, and there is uncertainty over whether and when such approval will be obtained. The announcement showed that the company's production and operations are currently normal, with no major changes in its internal or external operating environment and no change in its main business. Xinhua Media's 2025 annual report, disclosed on March 31, 2026, showed that net profit attributable to shareholders of the listed company, excluding non-recurring gains and losses, was negative 16.2975 million yuan. According to the previously disclosed major asset restructuring plan, unaudited key summary financial data for Jiemian Cailianshe showed that net cash flows from operating activities were 122 million yuan in 2024 and 222 million yuan in 2025, with net profit attributable to the parent company of approximately 108 million yuan in 2025.
Shanghai Xinhua Media Co LtdXinhua Media is hitting a fourth consecutive limit-up on its announced plan to acquire a 100% stake in Jiemian Cailianshe via share issuance, an M&A event.
