合富中国(603122.SH)：当前股价存在明显泡沫化特征

Core Viewpoint - The stock price of HeFu China (603122.SH) has surged by 200.75%, significantly deviating from its fundamentals, indicating a potential risk of rapid decline [1] Company Summary - As of November 12, the company's stock price closed at 20.09 yuan per share, reaching a historical high [1] - The company's main business has not undergone significant changes and is currently in a loss-making state [1] - The recent stock price increase is attributed to market sentiment being overly heated and irrational speculation, which has outpaced the industry and the Shanghai Composite Index [1] Market Analysis - The current price-to-earnings (P/E) ratio of the company is significantly higher than that of its industry peers, suggesting clear signs of a bubble [1] - During the period of stock price increase, there has been considerable volatility in the stock's turnover rate, indicating a "hot potato" effect [1] - Investors are advised to be cautious and make rational decisions, as the stock price increase is not aligned with the company's operational performance and industry conditions [1]