China Stock of the Day | Kabutaro & Friends

Xinhua Media <600825>, a publishing and media company affiliated with Shanghai United Media Group, was the Chinese stock most talked about online on September 28, 2026.
Background: On September 28, the stock was locked at its daily limit from the open, closing at the limit-up price of 8.55 yuan (+10.06%) for a fifth consecutive daily limit-up. More than 5 million lots of unfilled buy orders sat at the limit price, while turnover was only about 9.9 million yuan and the turnover rate just 0.11%. Its market capitalization stands at about 8.9 billion yuan. With all major A-share indices falling and more than 4,400 stocks declining that day, only 35 stocks hit their daily limit, and Xinhua Media drew attention as the stock with the longest limit-up streak. The catalyst is a major asset restructuring plan announced on the evening of September 18, under which the company would issue shares to 13 counterparties, including a cultural new media investment arm of Shanghai United Media Group, to acquire 100% of Shanghai Jiemian Cailian Press Technology, which operates the news outlets Jiemian and Cailian Press.