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Shanghai Xinhua Media scraps restructuring plan, president resigns
Shanghai Xinhua Media scraps asset restructuring
Shanghai Xinhua Media adopts new accounting policy
Shanghai Xinhua Media Co., Ltd. is a China-based company principally engaged in book publishing businesses. Its books cover humanity, economic administration, children, arts and other fields. The Company also distributes audiovisual products and cultural and educational products. The Company is also engaged in newspaper and periodical operation and media services, cultural property business and industrial investment business. The Company operates its businesses in domestic markets.
Printing & Publishing
F7-8, Xinhua Center
(Block A Zhongjin International Buildng
Chairman of the Board
Vice Chairman of the Board
Vice Chairman of the Board
Finance Director, Vice President
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* Trade uncertainty remains as Trump 'in no rush' for deal with China
China's main indexes recovered losses at close on Tuesday, as Beijing's market-friendly measures helped offset investor anxiety after Washington's sweeping criminal charges against Chinese telecom giant Huawei.
China's stock markets fell on Thursday as fragile investor sentiment shattered earlier gains, and as trading volumes remained lighter than average ahead of a widely anticipated meeting between the U.S. and Chinese presidents this weekend.
China shares rose on Thursday morning on hopes for policy support and as U.S. Federal Reserve Chairman Jerome Powell made comments interpreted as a dovish shift, but investors remain wary ahead of the upcoming G20 meeting in Argentina.
* Gains in Shanghai stocks led by JiShi Media Co Ltd and losses by Shanghai DaZhong Public Utilities Group Co Ltd
* Analysts see hope for "second wave" of market recovery post-G20
* Hopes of easing trade tensions fade as Trump talks up tariffs
China stocks edged up on Monday, after stock exchanges published draft rules that facilitate share buybacks by listed firms, but the mood was cautious amid worries about economic growth and ahead of a meeting between U.S. and Chinese leaders this week.
Hong Kong stocks posted their biggest single-day loss in over a year on Wednesday, with sentiment hurt by a tumble in index heavyweight Tencent and simmering worries over North Korea.
China stocks fell on Wednesday amid rising expectations that central banks will tighten liquidity, pushing interest rates higher.
Shanghai stocks fell to three-month lows while Hong Kong shares dropped to their lowest level in a month on Wednesday morning, amid rising expectations that central banks will tighten liquidity, pushing interest rates higher.
* Says it scraps asset restructuring plan, shares to resume trading on Oct 31
* Says it scraps asset restructuring as concerning parties failed to reach agreement
* Says it adopted new accounting policy released on May 10 by the Ministry of Finance, regarding government subsidy
* Says it will pay cash dividend of 0.014 yuan per share (before tax) for FY 2016 to shareholders of record on Aug. 8
* Says trading in shares to halt pending announcement related to major plan
Shanghai Xinhua Media Co Ltd * Says board appoints Li Xiang as president Source text in Chinese: http://bit.ly/2rJZoUW Further company coverage: (Reporting by Hong Kong newsroom)
* Says it plans to pay cash div 0.14 yuan per 10 shares for FY 2016
Quote and financial data from Refinitiv. Fund performance data provided by Lipper. All quotes delayed a minimum of 15 minutes.