CMC(SH:603122) Xin Lang Cai Jing·2025-11-04 10:33Core Viewpoint - The stock price of HeFu China (603122.SH) has shown significant signs of bubble characteristics due to a recent surge, raising concerns about market sentiment and irrational speculation [1] Company Summary - HeFu China has experienced a continuous rise in stock price, closing at the limit-up price for six consecutive trading days from October 28 to November 4, 2025, with a cumulative increase of 77.40% during this period [1] - The company's main business has not undergone any significant changes, indicating that the stock price increase is not supported by fundamental improvements [1] - The current price-to-earnings (P/E) ratio of HeFu China is significantly higher than that of its industry peers, suggesting that the stock is overvalued [1] Industry Summary - The stock price of HeFu China has risen sharply compared to the industry and the Shanghai Composite Index, indicating a significant deviation from the company's fundamentals [1] - The rapid increase in stock price poses a risk of a quick downturn, as it is driven more by market emotions than by actual business performance [1]