CMC(SH:603122) 第一财经·2025-11-21 02:30Core Viewpoint - The stock price of HeFu China has significantly deviated from its fundamentals, with a cumulative increase of 291.92% over a period where the stock experienced multiple trading halts and abnormal fluctuations, indicating potential risks for investors [2]. Group 1: Stock Performance - HeFu China's stock price has seen a substantial increase, with 13 trading days closing at the涨停价 (limit-up price) from October 28, 2025, to November 20, 2025 [2]. - The stock has touched abnormal fluctuation limits five times and severe abnormal fluctuation limits three times during this period [2]. - The stock's trading volume and turnover rate have shown significant volatility, suggesting a "hot potato" effect among investors [2]. Group 2: Market Risks - The recent surge in stock price is attributed to overheated market sentiment and irrational speculation, which is significantly higher than the industry average and the Shanghai Composite Index [2]. - There is a risk of a rapid decline in stock price due to the disconnect from the company's fundamentals, as the stock price has risen sharply in a short period [2]. - The company has indicated that it may apply for a trading suspension if the stock price continues to rise abnormally [2].