Bofei Electric's Limit-Up and Valuation Contradiction Under the Focus of AI Power

On December 17, 2025, Bofei Electric hit the limit-up and entered the limit-up pool monitored by tushare_zt_pool; the market quickly categorized it under the AI power theme, with the limit-up sentiment driven by theme speculation [0]. Nvidia CEO Jensen Huang recently publicly warned about the power crisis caused by AI computing expansion and convened relevant summits, pushing the ‘AI power shortage’ issue to the industry focus and directly stimulating the revaluation of future demand for the power equipment chain [1]. Data from the International Energy Agency shows that global data center electricity consumption reached 415 TWh in 2024, and it is expected to approach 945 TWh by 2030 and 1200 TWh by 2035; the expansion demand from upstream power grids to distribution equipment is increasing globally [2]. Bofei Electric mainly engages in electrical insulation materials, whose products are widely used in配电柜, transformer supporting, and power equipment insulation, highly aligned with the upgrade of data center power infrastructure [3]. On that day, the AI power theme and related concept stocks such as controlled nuclear fusion strengthened overall, with multiple stocks hitting limit-up, forming an obvious sector linkage and capital shift atmosphere [4].

Consecutive limit-ups for two days, trading volume of 9.62M on December 17 (about 6x the daily average), and a trend close to the 52-week high indicate highly excited market sentiment; short-term funds quickly pushed the stock price into a strong channel, and the intraday limit-up once attracted broader theme pursuit [0]. A sharp rise in turnover rate means obvious short-term chip rotation; sentiment-driven determines the current dominant upward rhythm rather than the performance realization process [0].

A PE ratio of 312x, the latest quarterly EPS of -0.02 USD, a net profit margin of only 1.91%, and ROE of 1.10% with profitability not yet recovered indicate an obvious disconnect between fundamental performance and current price [0]. Although liquidity is acceptable and financial health does not pose systematic problems, the current stock price has fully anticipated future orders and performance reversal; valuation pressure makes the upside more dependent on theme continuation rather than quantifiable performance support [0].

1. The ‘AI power shortage’ theme shows typical policy + industry + sentiment resonance: Nvidia’s warning is the core of the narrative, global data center power load growth provides long-term logic, and the rapid influx of industry-sensitive funds constitutes a strong short-term limit-up driving force [1][2][4].
2. Bofei Electric is in the midstream of power equipment and theoretically can directly benefit from the expansion of power infrastructure such as配电柜 and transformers, but the current market is mainly based on ‘expectation spillover’ rather than specific order announcements; supply chain delivery and performance realization still need further verification [3][0].
3. Consecutive limit-ups with sharp volume increase mean mostly sentiment-driven funds; short-term retracement is easy to amplify and drive high valuation correction; in operation, the gap between theme continuation and actual fundamentals needs to be identified [0][4].

• Risks
  : Obvious valuation bubble; once theme attention decreases or funds withdraw, the stock price may retrace quickly; the latest quarterly loss and weak profitability make fundamentals difficult to support the high level [0]. Theme speculation has high uncertainty; if AI power configuration orders fail to materialize or industry policies adjust, the short-term ‘late rally’ market may turn into a dive after ‘limit-up chasing’ [0][1][2][4].
• Opportunities
  : If the company subsequently discloses large data center orders, better-than-expected performance forecasts, or external policies continue to tilt toward energy reinforcement, the current high attention can be converted into medium-term support; at the same time, global power equipment shortage provides an overall demand background, creating flexible space for stocks with participation [2][3].
• Time Sensitivity
  : Short-term entry requires observing the dragon and tiger list and volume rhythm; medium-term needs to track order and performance data; long-term needs to verify whether the company can achieve sustained profitability in response to AI power demand [0][3].

1. AI data center power shortage is regarded as the core catalyst for this round of limit-up; policy and industry narratives jointly promote sentiment-driven rise [1][2][4].
2. Bofei Electric’s product line is highly aligned with data center power infrastructure, but there is a lack of specific order announcements and performance improvement signs currently [3][0].
3. Technically, consecutive limit-ups and high volume indicate short-term strength; volatility brought by capital rotation needs to be judged by continuous monitoring of turnover rate and dragon and tiger list [0][4].
4. Extremely high valuation, weak profitability, and ongoing losses mean long-term value investment needs to wait for substantial fundamental turning points; otherwise, there is a risk of retracement at high levels [0].
5. If future orders are disclosed, performance reverses, or policies further favor energy reinforcement, the current theme attention can be converted into more lasting flexibility; otherwise, theme fade may lead to rapid adjustments [2][3][0].