Haima Automobile Co. Ltd. Shares Surpass Five‑Day Record in Hainan Free‑Trade‑Zone Rally

The shares of Haima Automobile Co. Ltd. (海马汽车) continued to climb, achieving a six‑day, five‑plate surge on the Shenzhen Stock Exchange. The rise was part of a broader rebound in the Hainan Free‑Trade‑Zone concept, which gained 2.26 % on the day and attracted net inflows from institutional money.

Market Context

  • Indices: The Shanghai Composite fell 0.25 %, the Shenzhen Component dropped 0.36 %, and the ChiNext index slipped 0.51 %.
  • Volume: Total traded value in the two main boards reached 2 trillion CNY, a decline of 562 billion CNY compared with the previous day.
  • Sector highlights:
  • The lithium‑battery sector registered several double‑plate gains, but the energy‑related concepts (photovoltaic, lithium‑battery, smart grid) dominated the market.
  • The chemical industry remained a strong performer, with multiple shares in the chemical‑products and phosphate‑fertilizer sectors hitting upper limits.
  • The Hainan‑free‑trade‑zone theme, of which Haima Automobile is a constituent, displayed sustained upward momentum, with several stocks including Haima and Hainan Mining reaching upper limits.

Haima Automobile’s Performance

  • Six‑day, five‑plate rally: The stock closed at 9 CNY, a level that marked its 52‑week high (9.67 CNY) and represented a 52‑week low of 3.04 CNY earlier in the year.
  • Fundamentals:
  • Market capitalisation: 14.7 billion CNY.
  • P/E ratio: –54.35, reflecting a negative earnings environment for the group.
  • The company manufactures and retails a range of vehicles—including sedans, commercial vehicles, sport‑utility vehicles, and multi‑purpose vehicles—primarily in China, with limited overseas distribution.

Investor Sentiment and Funding Flow

The Hainan‑free‑trade‑zone concept attracted a net inflow of capital, with Haima Automobile among the stocks that benefited. The concept’s rise was accompanied by the lifting of other sector leaders, such as Hainan Mining, which also reached an upper‑limit price.

Outlook

Haima Automobile’s share price movement reflects both the positive sentiment surrounding the Hainan‑free‑trade‑zone theme and the broader market’s selective focus on energy‑related sectors. While the company’s valuation remains negative on earnings, its recent technical performance suggests continued interest from traders seeking short‑term gains within the concept.