Haixin Food (002702) Limit-Up Analysis: Driving Factors and Market Impact

Haixin Food (002702) has attracted market attention due to entering the limit-up pool. According to Tushare’s limit-up pool data, the company’s stock had a cumulative price increase deviation exceeding 20% over two consecutive trading days [1][4], touching the limit-up price of 6.58 yuan on November 27 with a 10.03% increase [5].

Multiple factors jointly推动股价上涨：

• Institutional Research Attention
  : Recently received research visits from institutions such as Northeast Securities [3][6], leading to a significant increase in attention from professional investors;
• Business Diversification
  : New business segments such as pre-made dishes and leisure snacks have become growth highlights [0];
• Peak Season Expectations
  : The fourth quarter is the traditional sales peak season, and combined with Spring Festival stocking demand, it is expected to be the annual sales peak [0];
• Sector Rotation Effect
  : Rotation in the food consumption sector, with sub-fields like pre-made dishes and leisure snacks favored by the market [0];
• Overseas Market Expansion
  : Promoting international layout through its Hong Kong subsidiary, with significant growth in overseas revenue [0].

The stock price fluctuation reflects the market’s confidence in the company’s transformation strategy, but attention should be paid to fundamental risks: the company’s first three quarters of 2025 revenue decreased by 15.05% YoY, with a net profit attributable to parent company of -28.1858 million yuan [0]. The company has announced that its current operations are normal, with no major undisclosed matters that should be disclosed [7].

Short-term stock price fluctuations are large; investors need to pay attention to the company’s performance realization, new business progress, and industry competition changes, and rationally evaluate investment value.