Deep Analysis of Popular Reasons and Driving Factors for Zhongshui Fishery (000798.SZ)

As a popular stock in the fishery sector, Zhongshui Fishery (000798.SZ) has shown strong stock price performance in 2025, rising from 6.36 yuan at the beginning of the year to 15.09 yuan on November 21, an increase of approximately 137%[1]. Recently, this stock has frequently hit daily limits; on November 21, it rose by 9.99% in a single day, with a significant increase in trading volume[3]. The company’s market capitalization reaches 5.52 billion yuan, but there is still pressure on fundamentals: earnings per share are -0.18 yuan, price-to-earnings ratio is -82.7 times, price-to-book ratio is 13.5 times, and valuation is at a relatively high level[1].

Driving factors方面, multiple factors共同作用: 1) Financial improvement: Net profit in the first three quarters increased by 230.08% year-on-year[0]; 2) Industry prosperity: The overall prosperity of the fishery industry has improved, and the performance of aquatic enterprises has generally improved[5]; 3) Capital chasing: This stock has been on the Dragon and Tiger List multiple times, becoming a strong stock with high market attention[3]; 4) Market performance: It achieved consecutive daily limits in November (6 consecutive boards), ranking among the top three among the 33 daily limit stocks on that day[4].

From a cross-domain perspective, the popularity of Zhongshui Fishery reflects the market’s expectation for the recovery of the fishery sector, but attention should be paid to the divergence between stock price performance and fundamentals. The high valuation (PE -82.7x, PB 13.5x) is in sharp contrast to the loss-making state, indicating short-term speculation risks[1]. In addition, whether the improvement in industry prosperity is sustainable needs further observation of changes in macroeconomics and consumer demand[0].

: 1) Fundamental loss: Earnings per share are negative, and sustained profitability is questionable[1]; 2) High valuation risk: Price-to-book ratio is significantly higher than the industry average, with greater correction pressure[1]; 3) Retreat of short-term speculation: If capital attention decreases, stock prices may fluctuate sharply[0].

: 1) Industry recovery: If the fishery industry’s prosperity continues to improve, the company’s performance is expected to further improve[5]; 2) Policy support: The aquatic industry may benefit from policy dividends such as rural revitalization[0].

Zhongshui Fishery has recently become a popular stock, mainly due to performance improvement, industry prosperity, and capital chasing, but fundamental losses and high valuation are significant risk points. Investors should pay attention to the sustainability of the company’s performance and changes in industry trends, and carefully evaluate the balance between short-term speculation and long-term value[0].