合富中国：股票流通换手率亦出现较大波动情形，击鼓传花效应明显

Core Viewpoint - The company's stock price has experienced a significant short-term increase, which may indicate market sentiment overheating and irrational speculation risks, as it has notably outperformed both the industry and the Shanghai Composite Index, while significantly deviating from the company's fundamentals [1] Company Performance - The company's main business has not undergone any major changes and is currently in a loss-making state [1] - The recent stock price increase is severely misaligned with the company's operational situation [1] Valuation Metrics - The company's latest price-to-earnings (P/E) ratio is significantly higher than that of peer listed companies, indicating a clear bubble characteristic in the current stock price [1] Market Behavior - During the period of continuous stock price increase, there has been considerable volatility in the stock's trading turnover rate, suggesting a "hot potato" effect in the market [1]