Haixin Food (002702) Limit-Up Analysis and Market Impact Assessment

This analysis is based on the Tushare Limit-Up Pool Report; Haixin Food (002702) hit the limit-up on November 27, 2025 [0]. The core of the event is that the cumulative deviation of the closing price increase of the company’s stock over two consecutive trading days exceeded 20%, triggering an abnormal fluctuation announcement [6], while the company recently received research from Northeast Securities [5]. Key findings include a significant divergence between market sentiment and fundamentals, as well as the possibility of short-term capital speculation. The main impact is that it has attracted market attention to the rotation of the food and beverage sector and the progress of the company’s transformation.

Haixin Food was founded in 1996, with its headquarters in Fuzhou, mainly engaged in packaged food business, with a market value of approximately 3.657 billion yuan [1]. In the first three quarters of 2025, the company achieved revenue of 970 million yuan, but the net profit attributable to shareholders was a loss of 28.19 million yuan, and the quarterly revenue decreased by 14.80% year-on-year [7], indicating that fundamentals are under pressure. The recent abnormal fluctuation of the stock price (cumulative deviation of increase over 20% for two consecutive days) [6] contrasts with the increase in institutional research [5], which may reflect the market’s expectations for the company’s future transformation or industry policies [0]. Recent sentiment changes in the food and beverage sector may also provide support for the stock price rise [0].

1. Divergence Between Market Sentiment and Fundamentals
   : The contradiction between the stock’s limit-up and net profit loss indicates that short-term capital speculation or sector rotation effects are significant [0].
2. Significance of Institutional Research Signals
   : Research by Northeast Securities may imply institutional attention to potential changes in the company, despite the current poor financial performance [5].
3. Regulatory Attention Risk
   : Continuous abnormal fluctuations have triggered an announcement, and more stringent regulatory inquiries may be faced in the future [6].

1. Fundamental Risk
   : Continuous losses may lead to a decline in investor confidence [7].
2. Regulatory Risk
   : Abnormal fluctuations may attract the attention of the exchange and increase stock price volatility [6].
3. Risk of Short-Term Speculation Receding
   : If there is no substantial positive support, the stock price may pull back [0].

1. Transformation Expectations
   : Institutional research may reflect the company’s potential actions in product innovation or channel expansion [5].
2. Sector Rotation Opportunity
   : If the food and beverage sector rebounds overall, the company may benefit from industry trends [0].

Haixin Food (002702)'s recent limit-up is mainly affected by abnormal fluctuations, institutional research, and sector sentiment, but fundamentals still face pressure. Investors should pay attention to the company’s subsequent announcements, financial improvement, and industry policy changes, and rationally evaluate the investment value.