8连板大牛股，突发公告

Core Viewpoint - The stock of HeFu China (603122) has experienced a significant surge, reaching a limit-up for eight consecutive trading days, prompting the company to issue a risk warning regarding potential rapid declines due to a disconnect from its fundamental performance [1][3][6]. Stock Performance - From October 28 to November 6, HeFu China's stock price increased by 114.67%, with a trading volume spike on November 6, where the turnover rate reached 31.50% [3][9]. - Prior to this surge, from January 1 to October 27, the stock had a modest performance, with a cumulative decline of 2.9%, while the Shanghai Composite Index rose over 19% during the same period [8]. Business Fundamentals - HeFu China specializes in the centralized procurement of in vitro diagnostic products and medical product distribution, primarily serving hospitals [9]. - The company has established strategic partnerships with over a hundred tertiary hospitals for comprehensive procurement services [9]. Financial Performance - For the first three quarters, HeFu China reported a revenue of 549 million yuan, a year-on-year decline of 22.80%, and a net loss attributable to shareholders of 12.39 million yuan, down 146.65% [10]. - In the third quarter alone, revenue was 181 million yuan, a decrease of 21.27%, with a net loss of 504,800 yuan compared to a profit of 403,000 yuan in the same period last year [10]. Valuation Concerns - As of November 6, the company's static price-to-earnings (P/E) ratio was 207.07, significantly higher than the industry average of 29.06, indicating a potential valuation bubble [5][6]. - The company cautioned investors about the risks of market sentiment overheating and the disconnect between its stock price and fundamental performance [6].