CMC(SH:603122) 2 1 Shi Ji Jing Ji Bao Dao·2025-11-07 10:00Core Viewpoint - The stock of HeFu China (603122.SH) has experienced a significant surge, closing at 15.77 CNY per share with a 9.97% increase, marking its ninth consecutive trading day of gains, despite the company warning about irrational speculation risks and a stark contrast between stock price performance and financial results [1][3][4]. Group 1: Stock Performance - HeFu China's stock has risen 136.07% since the surge began on October 28, increasing its market capitalization from 2.659 billion CNY to 6.277 billion CNY [3]. - The stock's trading volume has significantly increased, with a turnover rate of 31.50% reported on November 6, indicating heightened speculative trading activity [3][5]. Group 2: Financial Performance - For the first three quarters, HeFu China reported a revenue of 549 million CNY, a year-on-year decline of 22.80%, and a net loss of 12.39 million CNY, down 146.65% compared to the previous year [4]. - The company's revenue has been on a downward trend since its peak in 2022, with projected revenues decreasing from 1.28 billion CNY in 2022 to 939 million CNY in 2024, and net profit shrinking from 82.72 million CNY to 27.57 million CNY over the same period [4]. Group 3: Regulatory Attention - The Shanghai Stock Exchange has taken notice of the abnormal trading behavior of HeFu China, indicating that it constitutes severe fluctuations, and may implement strict measures such as monitoring accounts and restricting trading [5][7].