Guizhou Broadcasting & TV Network warns of significant trading risks after stock surge

Guizhou Broadcasting & TV Information Network's stock exhibited abnormal fluctuations, with a cumulative deviation of over 20% in closing prices over two consecutive trading days, September 19 and September 22, 2025. On September 23, 2025, the stock closed at its daily limit with a turnover rate of 6.14%, showing a cumulative increase of 33.17% from its September 18, 2025 closing price. The company warns of potential short-term downward risks following this rapid ascent.

The company's 2025 financial performance shows a significant decline, with full-year operating revenue decreasing by 13.83% to 1.59bn yuan. Net profit attributable to shareholders was a loss of 1.08bn yuan, a 21.71% increase in loss from the previous year. For the first half of 2025, operating revenue dropped by 30.71% to 616.22m yuan, and net profit attributable to shareholders was a loss of 562.25m yuan, marking a 34.11% increase in loss compared to the same period last year.

Guizhou Broadcasting & TV Information Network has also addressed market rumors concerning a potential reorganization involving provincial state-owned liquor companies and Guizhou Cloud, as well as significant computing power cooperation with Huawei Cloud. The company explicitly states that these rumors are unfounded and do not involve the company.