JiShi Media(SH:601929) Zheng Quan Shi Bao Wang·2025-08-13 14:05Core Viewpoint - Jishi Media (601929) has experienced a significant stock price increase, with a cumulative rise of 86.53% since August 1, raising concerns about irrational speculation and potential trading risks [1][2] Group 1: Stock Performance - Jishi Media's stock has hit the daily limit for five consecutive trading days from August 7 to August 13 [1] - The stock's turnover rate reached 114.97% from August 4 to August 13 [1] - The company issued a risk warning, stating that the stock price has significantly deviated from its fundamentals, indicating a high risk of a rapid decline [1] Group 2: Financial Performance - For the fiscal year 2024, Jishi Media expects a net loss attributable to shareholders of -465 million yuan, with a net profit excluding non-recurring gains and losses projected at -518 million yuan [1] - The company anticipates a net loss of between -187 million yuan and -233 million yuan for the first half of 2025, indicating no significant improvement in operational performance compared to the previous year [1][2] Group 3: Business Challenges - The primary reasons for the expected losses include a decline in public customer business revenue due to intensified industry competition, rapid development of the internet and new media, and changes in user viewing habits, leading to a decrease in cable TV subscriber renewal rates [2] - Jishi Media clarified that it does not engage in "state-owned cloud" related businesses and has a minimal investment in the film "731," which is not expected to significantly impact its financial performance [2]