股价创新高 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 [2][4]. 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 [2]. - The stock has seen four trading days close at the daily limit and has experienced significant fluctuations since its resumption of trading on November 20 [2]. - The trading volume has also been high, with a turnover rate of 21.53% on December 18 [2]. 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 operational pressure [4]. - HeFu China noted that its stock price increase is significantly disconnected from its financial performance, raising concerns about potential risks associated with its stock price [4]. Group 3: Market Sentiment and Risks - The company highlighted that the recent stock price surge may be driven by market sentiment and irrational speculation, which could lead to a rapid decline in stock price [2]. - HeFu China's current price-to-earnings ratio is significantly higher than that of its industry peers, suggesting the presence of a bubble in its stock price [4]. - The company observed a notable "hot potato" effect in its stock trading, indicating speculative trading behavior among investors [4]. Group 4: Shareholder Actions - 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 [5].