合富中国:公司股票存在市场情绪过热、非理性炒作风险,击鼓传花效应明显

Core Viewpoint - The stock of HeFu China (603122) has experienced significant abnormal fluctuations, with a cumulative increase of 99.7% over eight consecutive trading days, raising concerns about market overheating and irrational speculation [1] Group 1: Stock Performance - From October 28, 2025, to November 6, 2025, the company's stock closed at the daily limit price for eight consecutive trading days [1] - The stock has reached a turnover rate of 31.5% on November 6, indicating a significant increase in trading volume [1] - The stock's performance has significantly outpaced the industry and the Shanghai Composite Index, suggesting a deviation from the company's fundamentals [1] Group 2: Market Sentiment - The rapid increase in stock price is attributed to market sentiment, which may be overly optimistic and driven by speculative trading [1] - There is a clear indication of a "hot potato" effect in trading, where investors are rapidly buying and selling the stock [1] - The company warns of the potential for a quick decline in stock price due to the disconnect from its fundamental value [1]