Haixin Food (002702) Limit-Up Analysis: Short-Term Fluctuation vs. Fundamental Deviation

Haixin Food (002702), a leading enterprise in China’s fish ball industry, mainly engages in quick-frozen fish products, etc. [5]. It entered the limit-up pool after hitting the limit-up on November 27, 2025 [0]. The cumulative deviation of gains in the recent two trading days exceeded 20% [2], but its 2025 quarterly earnings decreased by 14.80% year-on-year [4], and no major positive news or catalysts such as acquisition and restructuring were found [0]. In 2025, the company achieved channel breakthroughs in Sam’s Club, and its snack business grew [5], but the short-term impact of this positive factor is limited.

1. Short-Term Fluctuation vs. Fundamental Deviation
   : Under the background of declining performance, the stock price rose sharply, which may be driven by market sentiment factors such as the activity of the e-commerce concept sector [3].
2. Lack of Sustained Momentum
   : No major positive news was mentioned in investor relations activities [1], and financial data shows no significant improvement in fundamentals [4], so the short-term rise may be unsustainable.

• Insufficient Fundamental Support: The short-term gain lacks performance support, and there is a risk of correction [0].
• Dependence on Market Sentiment: If the sector’s popularity fades, the stock price may fall back quickly [2].

• Channel Expansion Potential: The channel breakthrough in Sam’s Club may be a long-term growth point, but the short-term impact is limited [5].

Haixin Food’s recent limit-up is more a reflection of short-term market behavior rather than an improvement in fundamentals. Investors need to pay attention to the risk of short-term fluctuation and follow up on whether there are substantial positive factors to support the stock price.