2026-01-09 12:25:18

Honestly, looking at this round of market行情, many investors are reflecting on the same question—why can't they outperform the index during a bull market?

Last year, a whole year of swing trading combined with S&P and NASDAQ ETFs yielded stable returns, but it only matched the Shanghai Composite Index. In previous years, performance far exceeded the index, but this year seems to have hit a ceiling. The current problem is that several popular sectors are impossible to evaluate based on valuation.

Let's look at the data (as of January 9, with gains calculated from January 1):

**Semiconductor Chip Sector** This is the absolute main player in the market. Huahong(688347) has a P/E ratio of 4134.83, up 215.6% since the beginning of the year. Zhongke Feice(688361) follows with a P/E of 2538.16, up 189.3%. Shengke Communications(688702) is even more aggressive, with a P/E of 3209.65 and a gain of 247.8%. Huada Jiutian(301269) and Tianyue Advanced(688234) also have P/E ratios exceeding 1000, with gains over 150%.

**Aerospace, Military, and Electronics** China Satellite(600118) is not to be outdone, with a P/E of 2182.21 and a corresponding increase of 233.7%.

**AI Applications and Media** Qianli Technology(601777) has a P/E ratio soaring to 1027.9.

What do these numbers indicate? Valuations have completely detached from fundamentals. Behind the short-term thrill of chasing high prices, there are huge risks of a correction. The key question now is, do you still want to take a gamble with this wave of行情?

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failed_dev_successful_ape

· 10h ago

This P/E ratio is ridiculously high, so you have to follow whether you want to or not. FOMO is killing people.

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DecentralizedElder

· 01-10 17:13

Is a P/E ratio over a thousand still not enough? This is just playing with numbers. Wait, can a 4000x P/E really be trusted? It feels like the entire market has gone crazy. Not beating the index is already good; chasing these now might just make you the bag holder. The surge in chips and military industries is outrageous; I feel like something's bound to go wrong. Honestly, I've already exited; the risk-reward ratio is just too crazy. Still want to gamble? I think you're betting your life.

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LiquidatorFlash

· 01-09 13:07

Price-to-Earnings ratio breaking 1000? That's a classic signal of leverage being out of control; the liquidation risk threshold has already been triggered. --- 4134 times PE still daring to chase, this is a game against smart contracts. --- If you can't beat the market swings, it shows your collateralization ratio should have been adjusted long ago. --- With such heavy borrowing positions, one circuit breaker and it's all over. --- A 247.8% increase paired with a 3209 times PE, the risk control mechanism should be activated now. --- Last year, you could achieve stable returns; this year, positions are being liquidated. The market is so realistic. --- Looking at this PE data, my mindset is collapsing; I’m about to go through another liquidation cycle. --- This round of chips is purely built on leverage; once the collateralization ratio loosens, it hits the bottom immediately. --- Chasing highs? No, this is actively triggering the liquidation threshold. --- Market wave speaks with data; now it's just waiting for the ignition point.

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TopBuyerBottomSeller

· 01-09 12:55

The P/E ratio exceeds 1000 and people are still chasing. If this isn't gambling, what is? I really don't understand.

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StopLossMaster

· 01-09 12:54

Still daring to chase when the P/E ratio exceeds 1000, isn't this just gambling? Eventually, you'll have to pay back.

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BearMarketSurvivor

· 01-09 12:52

These PE ratios make my scalp tingle, over 4000 times? This isn't investment, it's pure gambling. Last year, I didn't chase after it because I stuck to my discipline. Although I missed out on quick profits, at least I'm still alive.

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