CMC(SH:603122) 证券时报·2025-11-14 13:12Core Viewpoint - The stock of HeFu China (603122) will be suspended for review due to significant price fluctuations and a substantial increase in stock price, which raises concerns about market overheating and irrational speculation [1][3]. Summary by Sections Stock Suspension - HeFu China announced that its stock will be suspended from trading starting November 17, 2025, for a period not exceeding three trading days [3]. - The stock experienced a 256.29% increase over a period where it hit the daily limit up on 12 out of 14 trading days, indicating abnormal market behavior [1]. Financial Performance - The third-quarter report indicates a year-on-year decline in revenue and a shift from profit to loss [6]. - Revenue for the third quarter was 181.2 million, down 21.27% year-on-year, while total profit was -5.4 million, a decrease of 193.80% [7]. - The net profit attributable to shareholders was -5.05 million, reflecting a 225.26% decline compared to the previous year [7]. Market Valuation - The current price-to-earnings (P/E) ratio of HeFu China is 343.67, significantly higher than the industry average of 30.94, indicating a potential overvaluation [8]. - The stock's trading volume has shown significant fluctuations, suggesting a "hot potato" effect in the market [8]. Investor Advisory - HeFu China advises investors to be cautious of the high valuation and potential performance volatility, urging rational decision-making amidst market sentiment [9].