Shida Group (600734.SH) Stock Price Volatility Analysis: Acquisition-Driven Growth Coexists with High Valuation Risks

Shida Group (600734.SH) has recently become a market hot stock, driven mainly by two factors: first, the company announced on November 5, 2025, its related-party transaction plan to acquire 95% equity of Fujian Digital Industry Mingshang Technology Co., Ltd. [1][2]; second, the software and information technology service sector it belongs to is popular in the market due to the AI concept [0]. The stock’s cumulative closing price increase deviation exceeded 20% over two consecutive trading days on November 20-21, 2025, triggering an abnormal fluctuation announcement [3][4]. On November 21, the single-day increase reached 10%, and the stock price rose to 4.62 yuan [5].

From a financial perspective, the company achieved revenue of 135 million yuan in the first three quarters of 2025, but its net profit attributable to shareholders was a loss of 87.57 million yuan [0]. In terms of valuation, the price-to-earnings ratio reached 1618.21 times and the price-to-book ratio was 29.48 times, far higher than the industry average (the average price-to-earnings ratio of the software and information technology service industry is 68.68 times) [0], indicating that the current stock price has significantly deviated from fundamental support.

1. Obvious event-driven上涨特征
   : This stock price volatility is directly related to the acquisition announcement, but it should be noted that no formal agreement has been signed for the acquisition, and there is uncertainty about the completion of the transaction [0][1].
2. Sector popularity amplification effect
   : Against the background of the continuous fermentation of the AI concept, big data-related targets are favored by the market, and Shida Group has gained additional attention [0].
3. Volume-price coordination indicates short-term capital inflow
   : Trading volume increased significantly during the stock price rise, indicating a high degree of participation by short-term speculative funds [0].

• High valuation risk
  : The current price-to-earnings ratio (1618 times) is far higher than the industry average, and the risk of valuation bubble is significant [0];
• Acquisition uncertainty
  : No acquisition agreement has been signed, and there are variables about whether the transaction can be completed smoothly [1][2];
• Financial deterioration risk
  : Net profit was in deficit in the first three quarters, and continuous operating capacity needs attention [0];
• Short-term fluctuation risk
  : After two consecutive days of sharp rises, the stock price may face correction pressure [0][3].

• Sector linkage opportunity
  : If the AI and big data sectors remain active, there may still be short-term trading opportunities [0];
• Acquisition completion利好
  : If the acquisition is completed smoothly and produces synergies, it may have a positive impact on the company’s long-term development [1].

Shida Group’s recent stock price volatility is mainly driven by acquisition expectations and market sector popularity, but there is insufficient fundamental support. High valuation and acquisition uncertainty constitute major risks. Investors should rationally看待 short-term market sentiment, pay attention to acquisition progress and the company’s subsequent financial performance, and avoid blind chasing of high prices.