CMC(SH:603122) 21世纪经济报道·2025-11-07 11:37Core Viewpoint - The stock of HeFu China (603122.SH) has experienced a significant surge, closing at 15.77 CNY per share with a 9.97% increase, marking a total of nine consecutive trading days of gains, despite the company warning about irrational speculation risks [1][3]. Group 1: Stock Performance - Since the surge began on October 28, HeFu China's stock has increased by 136.07%, with its market capitalization rising from 2.659 billion CNY to 6.277 billion CNY [3]. - The stock's trading volume has significantly increased, with a turnover rate reaching 31.50% on November 6, indicating strong speculative trading behavior [4]. Group 2: Financial Performance - HeFu China's Q3 report shows a revenue of 549 million CNY, a year-on-year decline of 22.80%, and a net loss of 12.39 million CNY, down 146.65% compared to the previous year [4][5]. - The company has faced continuous revenue decline since its peak in 2022, with revenues dropping from 1.28 billion CNY in 2022 to 939 million CNY in 2024, and net profits decreasing from 82.72 million CNY to 27.57 million CNY [5]. Group 3: Regulatory Attention - The abnormal trading activities of HeFu China have attracted the attention of regulatory bodies, with the Shanghai Stock Exchange indicating that the trading situation constitutes severe abnormal fluctuations [5].