Lucky Film (600135) Limit-Up Reason and Post-Market Trend Forecast

Lucky Film (600135) is a listed company in the chemical industry of the basic materials sector. On January 4, 2026 (UTC+8), it closed at the limit-up price of $10.32, with an increase of 10.02%, hitting a 52-week high [0]. From the perspective of price and trading volume, the trading volume on that day was 58.51M, which was 2.88 times the average volume of 20.32M, indicating a significant increase in investor participation. The reasons for the limit-up can be summarized as the superposition of three technical and market factors: First,

—the stock price hitting a 52-week high triggered buy signals from technical traders [0]; Second, —the stock rose by 31.30% in the past month, attracting momentum investors to follow up [0]; Third, —the basic materials sector rose by 0.68% on that day, providing a favorable market environment for individual stocks [0]. No clear company announcements or industry news were found as direct catalysts for this limit-up.

1. Characteristics of purely sentiment-driven rise
   : Without fundamental or news catalysts, the limit-up mainly relies on technical signals and short-term momentum. Such rises are usually more sensitive to changes in market sentiment, and their sustainability needs to be evaluated carefully.
2. Significant divergence between valuation and fundamentals
   : The company is currently in a state of continuous loss (TTM EPS -0.17, net profit margin -6.79%), but the stock price has risen by 68.63% in the past year. The valuation lacks profit support, which may imply a correction risk [0].
3. Dual nature of high trading volume
   : The significant increase in trading volume not only reflects positive market sentiment but also means the accumulation of short-term profit-taking positions, which may intensify the volatility of the stock price in the future [0].

• Weak fundamentals risk
  : The company continues to lose money, with poor financial indicators. The current stock price rise lacks substantial performance drivers [0].
• Valuation bubble risk
  : A sharp rise in stock price amid negative financial data may lead to overvaluation, with correction pressure [0].
• Sustainability of rise risk
  : Without new positive news or fundamental improvements, the current technically and momentum-driven rise may be difficult to sustain [0].
• Increased volatility risk
  : Limit-up and high trading volume may trigger short-term profit-taking, intensifying stock price volatility [0].

No significant opportunity points directly related to this limit-up event were identified in this analysis.

Lucky Film (600135)'s limit-up on January 4, 2026, was jointly driven by technical breakthroughs and momentum trading. The significant increase in trading volume reflects positive market sentiment, but the company’s fundamentals continue to lose money, and there is a divergence between valuation and performance. In the future, it is necessary to pay attention to the performance of the support level ($9.38, previous day’s closing price) and resistance level ($10.32, current 52-week high), while being alert to overvaluation and volatility risks [0].