Analysis of Abnormal Fluctuations in Stock 002702 and Clarification of Code Confusion

This analysis is based on the tushare_zt_pool limit-up pool report [2]. Stock 002702 entered the limit-up pool. Key points: There is market confusion regarding the code 002702 (Haixin Food vs. Xinbao Shares); Haixin Food’s cumulative deviation value of the increase over two trading days exceeds 20% [1]; Xinbao Shares belongs to the small home appliance sector and is supported by policies but lacks specific positive factors. Key findings: Code confusion may lead to investment misjudgment; Haixin Food’s fundamentals are under pressure (loss in the first three quarters) [0]; Xinbao Shares may benefit from consumption stimulus policies [0]. Main impact: Investors need to carefully distinguish the targets to avoid losses caused by code confusion.

Stock 002702 has recently experienced abnormal fluctuations, with the deviation value of the increase over two trading days exceeding 20% [1]. There is code confusion in the market: some analyses classify 002702 as Haixin Food (a frozen fish product enterprise) [0], while others consider it Xinbao Shares (a small home appliance manufacturer) [0].

• Haixin Food Perspective
  : In the first three quarters of 2025, its revenue was 970 million yuan (YoY -15.05%), and net profit attributable to parent company was -28.1858 million yuan (YoY -17.94%) [0], so its fundamentals are under pressure. Its abnormal rise lacks obvious positive support and may be a short-term speculative behavior.
• Xinbao Shares Perspective
  : As a leading small home appliance company, it benefited from the “trade-in policy” and export recovery theme in 2025 [0], but lacks detailed data on specific stock price anomalies or major positive factors in 2025 [0].

1. Code Confusion Risk
   : The market’s cognitive divergence on the target of 002702 may lead to investment decision-making errors; investors need to verify target information through official channels.
2. Fundamentals vs. Stock Price Deviation
   : Haixin Food’s loss fundamentals deviate from its short-term limit-up, indicating short-term speculative risks [0].
3. Sector Policy Dividends
   : Policy support for the small home appliance sector (e.g., trade-in for new) may bring potential opportunities for Xinbao Shares, but specific data verification is needed [0].

• Risks
  : Investment misjudgment caused by code confusion; risks of Haixin Food’s deteriorating fundamentals and abnormal stock price fluctuations; short-term speculative risks without clear catalysts [0][1].
• Opportunities
  : Under the policy dividends of the small home appliance sector, potential opportunities for Xinbao Shares (need to further track company dynamics) [0].

There is target confusion (Haixin Food/Xinbao Shares) for the stock 002702. Haixin Food has a short-term abnormal rise (20%+) but its fundamentals are under pressure; Xinbao Shares may benefit from policy support but lacks specific positive data. Investors should carefully distinguish the targets, make decisions based on fundamentals and official information, and avoid short-term speculative risks.