---
title: "Xinhua Media has no equity or business cooperation relationship with Jielue Xingchen"
type: "News"
locale: "en"
url: "https://longbridge.com/en/news/229380773.md"
description: "Xinhua Media announced that due to the cumulative increase in the closing prices of its stock exceeding 20% on February 21 and February 24, 2025, it constitutes an abnormal fluctuation. The company clarified that there is no equity or business cooperation relationship with JieYue XingChen, and the market rumor of \"jointly establishing CaiYue XingChen\" is untrue. The company has not found any other media reports or market rumors that may affect the stock trading price"
datetime: "2025-02-24T08:31:03.000Z"
locales:
  - [zh-CN](https://longbridge.com/zh-CN/news/229380773.md)
  - [en](https://longbridge.com/en/news/229380773.md)
  - [zh-HK](https://longbridge.com/zh-HK/news/229380773.md)
---

# Xinhua Media has no equity or business cooperation relationship with Jielue Xingchen

According to the Xinhua Media (600825.SH) announcement, the company's stock price deviation exceeded 20% over two consecutive trading days on February 21, 2025, and February 24, 2025, which constitutes an abnormal fluctuation in stock trading.

After the company's self-examination, the market rumor that "the company has established a joint venture with Jieyue Xingchen to set up Caiyue Xingchen" is false information. As of now, the company has no equity or business cooperation relationship with Jieyue Xingchen. The company has not found any other media reports or market rumors that may have a significant impact on the company's stock trading price that require clarification or response, nor is it involved in any market hot concepts

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