Hainan Haiqi Transportation Group Co., Ltd.: Trading Volatility, Market Momentum, and the Impact of the Hainan Free‑Trade Zone
Hainan Haiqi Transportation Group Co., Ltd. (stock code 603069) has experienced a turbulent trading week on the Shanghai Stock Exchange, highlighted by a regulatory announcement of abnormal price swings, a series of significant intraday moves, and a broader sectoral rally that benefited the company’s shares. The firm, a key player in ground transportation, saw its stock price move from a close of CNY 27.62 on 2025‑12‑24 to a trading range that exceeded 20 % in cumulative daily gains over the following three days.
1. Regulatory Notification of Abnormal Fluctuations
On December 23, 2025, the board issued an announcement (公告编号 2025‑075) confirming that the share price of Hainan Haiqi had recorded abnormal fluctuations on December 19, 22, and 23. The cumulative daily closing‑price change on those dates surpassed 20 %, triggering the Shanghai Stock Exchange’s rule on abnormal trading. The board reaffirmed the integrity of the announcement and declared that no false or misleading statements had been made. This regulatory disclosure was an important signal to investors, indicating that the market had experienced unusual volatility around the company’s shares, prompting heightened scrutiny from both regulators and market participants.
2. Market‑Wide Momentum and the Free‑Trade Zone Effect
The trading day on December 26, 2025 was marked by a “V‑shaped” recovery. While the Shanghai Composite Index dipped during the morning, it rebounded later in the day, finishing with a modest gain of 0.1 % and marking an eighth consecutive positive session. The Shenzhen Component Index rose 0.54 % and the ChiNext Index advanced 0.14 %.
A key driver of the rally was the continued strength of the Hainan Free‑Trade Zone concept. Several stocks linked to the zone, including Hainan Haiqi, were among those that hit daily price limits. In particular, Hainan Haiqi’s shares achieved a six‑day four‑plate rally, as reported on December 24 by the Shanghai Stock Exchange’s “个股异动” bulletin. The company’s performance was contextualized by the Free‑Trade Zone’s policy incentives—such as zero tariffs and low tax rates—that have been reported to stimulate consumer spending, with the first week of island‑wide customs closures yielding significant increases in duty‑free sales.
3. Sectoral Context: Commercial Space, Lithium, and Metals
Beyond the Free‑Trade Zone, the broader market landscape amplified Hainan Haiqi’s trading activity. Commercial‑space stocks maintained a positive trajectory, while lithium‑related firms experienced a surge, reflecting the ongoing demand for battery materials. The “有色金属” (non‑ferrous metals) sector also saw a broad‑based rally, with multiple companies recording limit‑up gains. This sectoral enthusiasm coincided with a sharp uptick in trading volume: the Shanghai‑Shenzhen market recorded a total turnover of 2.16 trillion CNY on December 26, an increase of 2.357 trillion CNY compared with the prior session.
4. Company‑Specific Fundamentals and Market Perception
Hainan Haiqi Transportation Group Co., Ltd. trades in the Industrials sector, specializing in road and rail services. As of the close on 2025‑12‑24, its market capitalization stood at approximately 8.69 billion CNY. The firm’s price‑earnings ratio was reported at –65.56, indicating that its earnings per share were negative, a situation that often accompanies growth‑phase or distressed companies in the transport sector. The 52‑week high and low—CNY 30.85 and CNY 15.24, respectively—highlight the volatility that the company has faced in recent months.
Despite the negative earnings metric, the company’s shares benefited from investor sentiment tied to policy‑driven growth prospects in Hainan. The sustained rally across the Free‑Trade Zone sector suggests that investors are willing to absorb the earnings shortfall in anticipation of increased freight demand and infrastructural expansion in the region.
5. Summary
The week following the regulatory announcement of abnormal price swings saw Hainan Haiqi Transportation Group Co., Ltd. ride a wave of market enthusiasm driven by the Hainan Free‑Trade Zone’s policy incentives and a broader sectoral rally in commercial space, lithium, and non‑ferrous metals. The company’s shares reached limit‑up status for multiple consecutive days, underscoring the strong investor confidence in the zone’s economic prospects despite the firm’s negative earnings and high valuation volatility. Moving forward, the firm’s performance will likely remain closely tied to the evolution of Hainan’s trade liberalisation agenda and the broader industrial demand for ground transportation services.