中国卫星：目前股价已处于历史最高点，公司股价已脱离基本面

Core Viewpoint - The stock price of China Satellite has increased by 156.07% since December 3, 2025, significantly outperforming the 23.92% increase in the Shenwan Military Industry sector and the 5.31% increase in the Shanghai Composite Index, indicating a potential overreaction in market sentiment [1] Group 1: Stock Performance - The company's stock has shown a short-term increase that is markedly higher than both the industry and the Shanghai Composite Index [1] - The latest rolling price-to-earnings (P/E) ratio for the company is 2201.97 times, while the price-to-book (P/B) ratio is 19.92 times, both significantly exceeding the industry averages [1] - The Shenwan Military Industry sector has a latest rolling P/E ratio of 188.95 times and a P/B ratio of 5.03 times, indicating that the company's valuation is severely detached from its fundamentals [1] Group 2: Trading Activity - As of January 6, the stock turnover rate was 15.33%, with an average turnover rate of 15.08% over the previous five trading days, which is higher than the normal turnover rate [1] - The stock is currently at its historical peak, suggesting a potential for rapid price corrections due to market dynamics [1]