杭电股份：击鼓传花效应明显，存在短期大幅下跌的风险

Core Viewpoint - The stock of Hangzhou Cable Co., Ltd. has experienced significant price fluctuations, with a cumulative increase of 77.25% over six consecutive trading days, indicating abnormal trading activity and potential risks associated with high volatility [1] Summary by Relevant Sections Stock Performance - The stock price of Hangzhou Cable has deviated by more than 20% over two consecutive trading days on September 22 and 23, 2025 [1] - The stock has hit the daily limit price for six consecutive trading days from September 16 to September 23, 2025 [1] - The trading volume has been notably high on September 18, 22, and 23, with turnover rates of 21.24%, 25.03%, and 29.48% respectively, indicating a "hot potato" effect in trading [1] Business Operations - The company primarily engages in the research, production, sales, and service of wires and cables, which are essential for energy transmission, information transfer, and electromagnetic energy conversion [1] - Other business segments of the company are currently operating at a loss [1] - An internal review confirmed that the company's daily production and operational conditions remain normal, with no significant changes in the internal or external business environment [1]