CMC(SH:603122) Guan Cha Zhe Wang·2025-11-10 03:16Core Viewpoint - The stock of HeFu China (603122) has experienced a significant surge, reaching a 10-day cumulative increase of 159.73%, leading to concerns about potential market overheating and irrational speculation [1][3]. Group 1: Stock Performance - HeFu China's stock has achieved a 10-day cumulative increase of 159.73%, with a closing price of 15.77 yuan per share as of November 7, 2025 [1][3]. - The stock has been on a continuous rise, hitting the daily limit price for nine consecutive trading days from October 28 to November 7, 2025 [3][4]. - The stock's price has deviated significantly from its fundamentals, with a cumulative increase of 136.08% noted [3][4]. Group 2: Trading Anomalies - HeFu China has been included in the list of stocks with significant trading anomalies, with the period of concern spanning from November 10 to November 21, 2025 [3]. - The stock has shown abnormal trading behavior, with four instances of directional abnormal fluctuations and two instances of severe abnormal fluctuations within ten trading days [3][4]. - The trading volume has surged, with turnover rates reaching 31.50% and 31.85% on November 6 and 7, respectively, indicating a "hot potato" effect in trading [4]. Group 3: Valuation Concerns - The company's current price-to-earnings ratio is significantly higher than that of its industry peers, suggesting a bubble-like characteristic in its stock price [4]. - The stock's price increase is not aligned with the company's operational performance or industry conditions, raising concerns about overvaluation [4]. - The company has advised investors to be cautious of the high valuation risks and to make rational investment decisions, as the stock price is significantly detached from its fundamentals [4].