Analysis of Haixia Innovation (300300.SZ) Surge and Correction: Warning of Valuation Bubble and Fundamental Deviation

Haixia Innovation (300300.SZ) is an internet service company. Its performance in 2025 was exceptionally prominent, with a cumulative year-to-date increase of 533.33%, far exceeding mainstream market indices [0]. Especially from October 27 to November 17, its stock price surged by 185.89%, triggering 3 abnormal fluctuations. The Shenzhen Stock Exchange listed it as a key monitored security on November 13 and suspended it for verification on November 18 [0][1]. After resuming trading on November 21, the stock price fell by 12.06% but still maintained an extremely high valuation level [0][1].

From the industry background perspective, the internet service industry the company belongs to has benefited from favorable AI (artificial intelligence) policies, with the artificial intelligence index rising by 30% during the same period [0][4]. However, there is a serious deviation between the company’s fundamentals and its stock price performance: in the first three quarters of 2025, its revenue was only 92.0578 million yuan, a year-on-year increase of 4.75%, and its net profit was a loss of 17.2383 million yuan [0]. In terms of valuation, its static P/E ratio reached 2141.42 times, far exceeding the industry average of 69.41 times [0].

1. Combination of policy-driven and speculative hype
   : Favorable AI policies have brought热度 to the industry, but Haixia Innovation’s stock price increase has deviated from fundamental support, mostly caused by short-term speculative behavior [0][4].
2. Obvious high volatility characteristics
   : The stock price fluctuated sharply before and after the suspension for verification, falling by 12.06% on the first day of resumption, indicating that the stock price is easily affected by market sentiment and regulatory measures [0][1].
3. Valuation bubble risk
   : The P/E ratio far exceeding the industry average indicates that the stock price is seriously overvalued, with correction pressure [0][2].

• Regulatory risk
  : Already listed as a key monitored security by the Shenzhen Stock Exchange, may face more regulatory measures in the future [0][1].
• Valuation correction risk
  : High valuation lacks fundamental support, and a sharp drop may occur at any time [0][2].
• Operational risk
  : Sustained loss status; if profitability cannot be improved, the stock price support will be further weakened [0].

• Short-term trading opportunities: For investors with extremely high risk tolerance, stock price fluctuations may bring short-term trading opportunities, but risks need to be警惕 [0][3].

Haixia Innovation (300300.SZ)'s stock price performance is mainly driven by short-term speculation and favorable policies, seriously disconnected from fundamentals. Investors should pay attention to the risks brought by its high valuation, sustained losses, and regulatory attention, and avoid blind follow-up speculation.