Analysis of the Strong Performance of Hualaijia (300997) and Judgment on Its Sustainability

Hualaijia (300997) showed a strong upward trend from December 15 to 16, with a cumulative increase of 36.16% over the two days, entering the tushare strong stock pool [0]. Its rise was mainly driven by the overall recovery of the food and beverage sector: during the same period, the CSI Food and Beverage Index (930653) rose by 1.40%, and individual stocks in the sector such as Junyao Health (605388) and Sunshine Dairy (001318) also achieved a single-day increase of nearly 10% [0].

The core driving factors for the sector’s strength include: First, policy support. The Central Economic Work Conference listed ‘expanding domestic demand and building a domestic market’ as a priority for economic work in 2026 and proposed specific consumption promotion measures, which boosted market expectations for the consumer sector [0]; Second, macroeconomic data support. In November, CPI rose by 0.7% year-on-year, and food prices turned from decline to rise, reflecting the gradual recovery of domestic consumer demand [0].

At the company level, Hualaijia has issued a stock price abnormal fluctuation announcement, clarifying that there are currently no undisclosed major matters or important information, and business operations are normal [0].

1. Sector dividends outweigh individual stock利好
   : Hualaijia’s strong performance does not stem from major breakthroughs at the company level (such as new product launches, better-than-expected performance, etc.), but from the overall valuation repair of the food and beverage sector. The resonance of policies and macro data has amplified the sector effect [0].
2. Significant short-term speculative factors
   : The cumulative increase of 36.16% over two days far exceeds the average level of the sector. Combined with the fact that the company has no undisclosed positive news, there is a possibility of short-term speculative hype [0].

1. High short-term correction risk
   : Excessive short-term increases have led to overheating technical indicators, and there is greater pressure from profit-taking [0].
2. Lack of self-support for sustainability
   : The company has no substantial positive news, and subsequent increases need to rely on the continued strength of the sector. If the sector’s popularity fades, the performance of individual stocks may decline accordingly [0].

1. Expectation of consumption policy implementation
   : If consumption promotion policies are gradually implemented, the food and beverage sector still has room for valuation repair [0].
2. Long-term利好 from demand recovery
   : The continuous rise of CPI drives the growth of food and beverage demand, which is beneficial to the company’s performance improvement in the long run [0].

Hualaijia (300997)'s recent strong performance is mainly driven by the resonance of policies and macro data in the food and beverage sector. The company itself has no undisclosed major positive news, and business operations are normal. The short-term increase is too large, facing correction risks, and sustainability needs to be judged based on the subsequent trend of the sector and changes in the company’s fundamentals. Investors should pay attention to the implementation of sector policies, CPI trends, and the company’s performance, and rationally evaluate investment risks and opportunities.