Inner Mongolia Xinhua Hits Daily Limit, 6 Gains in 7 Days; Media Stocks Rally

September 24 — Stocks in the cultural media sector posted strong gains, driven by asset restructuring and merger & acquisition (M&A) events, alongside fresh policy support.

Key Stock Movements

• Topwin Vision (Tianwei Shixun): The stock repeatedly hit and broke the daily limit during the session before closing at the upper limit in the afternoon, marking its third consecutive limit-up day.
• Inner Mongolia Xinhua: Surged to the daily limit near the close, achieving six limit-up days in seven trading sessions. Its market capitalization now stands at 6.53 billion yuan, ranking third on the Flush A-Share Hot Stock List.
• Xinhua Media and Xinhua Winshare also hit the daily limit, securing four and five consecutive limit-up days, respectively.

M&A Catalysts

• Xinhua Media announced on the evening of September 18 that it plans to acquire 100% equity of Shanghai Interface Cailianshe Technology Co., Ltd. through a share issuance. The issuance price is set at 3.93 yuan per share. The transaction is expected to constitute a major asset restructuring and a related-party transaction.
• Xinhua Winshare announced on the evening of September 21 that it plans to acquire 100% equity of Sichuan Nationalities Publishing House Co., Ltd. from its controlling shareholder, Sichuan Xinhua Publishing and Distribution Group, for a consideration of 346 million yuan in cash. The transaction is a related-party deal but does not constitute a major asset restructuring.

Policy Support

On September 21, the National Press and Publication Administration issued the Notice on the Publication of the "Fifteenth Five-Year Plan" for the Development of the Publishing Industry.

Key highlights of the plan include:

• By 2030, the publishing industry is expected to achieve significant progress in high-quality development.
• The role of publishing in stimulating cultural innovation and creativity and promoting cultural prosperity will be further strengthened.
• The plan outlines eight priority areas for the "Fifteenth Five-Year" period, including:
• Themed publishing
• Expanding high-quality publishing supply
• Deepening nationwide reading initiatives
• Accelerating deep integration of publishing and digital technologies
• Promoting systemic reform of the newspaper industry
• Driving innovation in printing and distribution
• Strengthening international communication in publishing
• Building a high-level publishing talent team
• It also lists 33 major projects across eight special sections, covering the entire publishing chain, including content production, reading promotion, industry upgrading, international communication, and talent development.

Sources: Securities Daily, Market Data, Public Information Editor: Sun Qi