Zheng Quan Shi Bao·2025-11-21 04:06Core Viewpoint - The stocks of Haixia Innovation and Pingtan Development experienced significant volatility upon resuming trading after suspension, with both companies showing substantial price increases over the past month, raising concerns about their valuations and potential market risks [1][3]. Group 1: Haixia Innovation - Haixia Innovation's stock price increased by 185.89% from October 27 to November 17, 2025, with three instances of abnormal price fluctuations during this period [3]. - As of November 19, 2025, Haixia Innovation's static price-to-earnings (P/E) ratio was 2141.42 times, and the rolling P/E ratio was 300.48 times, indicating significantly higher valuations compared to industry peers [3]. - The company's price-to-book (P/B) ratio stood at 85.74 times, further highlighting the disparity in valuation metrics relative to the industry [3]. Group 2: Pingtan Development - Pingtan Development's stock price surged by 255.19% from October 17 to November 17, 2025, also showing a significant deviation from its fundamental performance [3]. - As of November 17, 2025, the rolling P/E ratio for Pingtan Development was reported at 555.31 times, with a P/B ratio of 12.06 times, indicating a substantial difference from industry standards [3]. - The company urged investors to be aware of market risk factors and to make rational investment decisions in light of the stock's performance [3].