China Stock of the Day | Kabutaro & Friends

Zhewen Pictures Group<601599>, a film and TV drama producer that also runs a wool textile business, was the Chinese stock most talked about online on November 6, 2026.
Background: A-shares fell sharply on the 6th, with the Shanghai Composite down 1.10% at 3,649.18 and the ChiNext Index down 3.96%, as computing-power hardware stocks were sold and more than 4,700 stocks declined. Against this backdrop, Zhewen Pictures, bought as an AI comic drama play, hit a locked limit-up from the open, its fifth consecutive limit-up since November 2, closing at 5.08 yuan for a cumulative gain of 61.27% over the period. Unfilled buy orders at the limit price exceeded 1 million lots in the morning session. However, in an announcement on abnormal share price movements, the company said its main businesses are film and TV production and wool textiles, that it has no AI short drama business, and that there has been no material change in its operations, warning of the risk of a sharp fall after the surge. On the evening of the 6th, the Shanghai Stock Exchange was reported to have issued a regulatory work letter to the company.