Analysis of Price Limit Up Drivers and Performance Challenges for Haixin Food (002702)

This analysis is based on the event where Haixin Food (002702) entered the limit up pool published by tushare_zt_pool[0]. The core of the event is that the stock hit the daily limit driven by the pre-made food concept, even though the company’s revenue in H1 2025 decreased by 15.18% to 606 million yuan[3] and net profit suffered a loss of 20.3041 million yuan[4]. Key findings include the significant impact of the pre-made food concept on short-term market sentiment, as well as the company’s efforts in product innovation and overseas expansion[3].

Haixin Food (002702) recently hit the daily limit mainly due to the market popularity of pre-made food concept stocks[0]. Although there was confusion in previous analyst reports about the company corresponding to the stock code (mistakenly associating 002702 with ST Xinhai), subsequent analysis confirmed that the code corresponds to Haixin Food. Financial data shows that the company’s revenue in H1 2025 was 606 million yuan, a year-on-year decrease of 15.18%[3], and net profit was a loss of 20.3041 million yuan, a year-on-year decrease of 59.06%[4]. However, the development prospects of the pre-made food industry and the company’s strategic transformation (such as product innovation and overseas expansion) have attracted market attention[3]. The third-quarter report[5] further provides the latest operational dynamics of the company.

1. Divergence between market sentiment and financial fundamentals: The short-term concept-driven daily limit contrasts with the mid-term decline in financial performance, reflecting investors’ long-term expectations for the pre-made food track.
2. Importance of industry trends: As a 2025 investment hotspot, the pre-made food industry’s expected scale growth provides valuation support for the company, despite its current poor financial performance.

• Sustained financial pressure: Revenue decline and net profit loss may affect the company’s long-term operational capabilities[3][4].
• Market sentiment volatility: Concept-driven gains may face correction risks.

• Pre-made food industry growth: The industry scale is expected to continue expanding, providing growth space for the company.
• Effectiveness of strategic adjustments: If product innovation and overseas expansion succeed, they are expected to improve financial performance[3].

Haixin Food (002702)'s daily limit event reflects the popularity of the pre-made food concept in the current market, but investors need to pay attention to the company’s financial improvement progress and industry competition situation. The company’s H1 2025 financial data shows challenges, but strategic transformation measures retain the possibility for future development.