CMC(SH:603122) 第一财经·2025-12-18 13:54Core Viewpoint - The stock price of HeFu China has experienced a significant increase of 349.25% from October 28, 2025, to December 18, 2025, raising concerns about potential market overheating and irrational speculation [1] Group 1: Stock Performance and Risks - The company's stock price has risen sharply, significantly outpacing the industry and the Shanghai Composite Index, indicating a potential disconnect from the company's fundamentals [1] - The company reported a net loss of 5.048 million yuan for Q3 2025, a decline of 225.26% compared to the same period last year, suggesting pressure on short-term operating performance [1] - The current price-to-earnings (P/E) ratio is notably higher than that of peer companies, indicating potential overvaluation and bubble characteristics in the stock price [1] Group 2: Market Behavior and Investor Guidance - The trading volume of the company's stock has shown significant fluctuations, reflecting a "hot potato" effect in the market [1] - The controlling shareholder, HeFu (Hong Kong) Holdings Limited, has plans to reduce its holdings, which may further impact stock performance [1] - The company advises investors to be cautious of performance volatility and high valuation risks, urging rational decision-making and careful investment to avoid substantial losses [1]