合富中国的六连板“泡沫”

Core Viewpoint - Despite multiple risk warnings, Hefei China has experienced a significant stock price surge, achieving a six-day consecutive limit-up, indicating a potential bubble in its valuation [1][3][4] Group 1: Stock Performance - On November 4, Hefei China opened at a limit-up price of 11.85 CNY per share, with a daily increase of 10.03%, bringing its total market capitalization to 4.717 billion CNY [3] - From October 28 to November 4, the stock price increased by 77.4% over six consecutive trading days [3] - The stock was flagged on the "Dragon and Tiger List" due to significant price deviations, with notable trading activity from specific brokerage firms [3] Group 2: Financial Performance - In the first three quarters of the year, Hefei China reported revenue of 549 million CNY, a year-on-year decline of 22.8%, and a net profit attributable to shareholders of approximately -12.39 million CNY, indicating a shift from profit to loss [6] - The third quarter alone saw a net profit of -5.05 million CNY, a year-on-year decrease of 225.26% [6] - The company has faced declining performance since its peak in 2022, with projected revenues of approximately 1.28 billion CNY, 1.093 billion CNY, and 939 million CNY for the years 2022 to 2024, respectively [6] Group 3: Risk Warnings - Hefei China issued a risk warning stating that its stock price has significantly deviated from its fundamental performance, indicating a potential bubble [4][7] - The company's current price-to-earnings ratio stands at 171.11, which is substantially higher than the industry average of 28.9, suggesting overvaluation [4] - The company cautioned investors about the risks of market sentiment and irrational speculation, urging them to make rational investment decisions [7]