证券时报·2025-11-21 04:00Core Viewpoint - The article discusses the significant stock price fluctuations of two companies, Haixia Innovation and Pingtan Development, following their resumption of trading after suspension for verification. Both companies experienced substantial price increases prior to the suspension, leading to concerns about their valuations and potential risks for investors [1][4]. Group 1: Haixia Innovation - Haixia Innovation's stock price increased by 185.89% from October 27, 2025, to November 17, 2025, with three instances of abnormal price fluctuations during this period [4]. - As of November 19, 2025, Haixia Innovation's static price-to-earnings (P/E) ratio was 2141.42 times, and the rolling P/E ratio was 300.48 times, indicating significantly higher valuations compared to industry peers [4]. - The company's price-to-book (P/B) ratio stood at 85.74 times, further highlighting the disparity in valuation metrics relative to its competitors [4]. Group 2: Pingtan Development - Pingtan Development's stock price surged by 255.19% from October 17, 2025, to November 17, 2025, also showing a severe deviation from its fundamental performance [4]. - As of November 17, 2025, the company's rolling P/E ratio was reported at 555.31 times, while the P/B ratio was 12.06 times, indicating a significant divergence from industry standards [4]. - The company urged investors to fully understand the risks associated with stock market investments and to make rational judgments [4].