14天12板“妖股”，停牌核查！

Core Viewpoint - Hehe China announced a suspension of trading for verification after its stock price surged by 256% [2][8]. Group 1: Stock Performance - Hehe China's stock price experienced significant volatility, with 12 out of 14 trading days closing at the daily limit price from October 28 to November 14 [4][5]. - On November 14, the stock price continued to rise sharply, reaching a high turnover rate of 28.48% [5]. - The company reported a static price-to-earnings ratio of 343.67 times, significantly higher than the industry average of 30.94 times, indicating a severe deviation from reasonable valuation [8]. Group 2: Financial Performance - In the first three quarters of the year, Hehe China achieved operating revenue of 549 million yuan, a year-on-year decline of 22.8% [8]. - The company reported a net loss attributable to shareholders of 12.3862 million yuan, a year-on-year increase in losses of 146.65% [8]. - Despite the stock price surge, the company's main business has not undergone significant changes and remains in a loss-making state [8]. Group 3: Market Dynamics - The stock price surge is largely attributed to speculative trading by retail investors, with notable participation from various brokerage firms [7]. - The Shanghai Stock Exchange has implemented self-regulatory measures against abnormal trading behaviors, including monitoring stocks like Hehe China for significant price fluctuations [8].