股价创历史新高，合富中国再发风险提示公告

Core Viewpoint - The stock price of HeFu China has experienced significant volatility and reached a historical high, prompting the company to issue a risk warning regarding its stock trading [1][2] Group 1: Stock Performance - HeFu China's stock price rose from October 28 to December 18, with a closing price of 30.01 CNY per share on December 18, marking a 9.33% increase for the day and reaching an intraday high of 30.13 CNY [1] - The stock has seen a trading limit increase on four occasions and has been subject to abnormal trading conditions [1] - The turnover rate on December 18 was 21.53%, indicating high trading activity [1] Group 2: Financial Performance - The company reported a net profit attributable to shareholders of -5.048 million CNY for Q3 2025, a decline of 225.26% compared to the same period last year, indicating financial pressure [2] - HeFu China is currently in a loss-making state, and its stock price increase is significantly misaligned with its operational performance [2] Group 3: Market Sentiment and Risks - The company noted that the recent stock price surge may be driven by overheated market sentiment and irrational speculation, which poses a risk of a rapid price decline [1] - The current price-to-earnings ratio is significantly higher than that of peer companies, suggesting potential bubble characteristics in the stock price [2] - The controlling shareholder, HeFu (Hong Kong) Holdings Limited, has a plan to reduce its holdings, although no shares have been sold as of December 18 [2]