Hainan Haiqi Transportation Group Co Ltd: Leadership Change Amid Market Volatility

Executive Resignation

On 5 November 2025, Hainan Haiqi Transportation Group Co Ltd (stock code SH603069) announced that its board received a written resignation notice from the company’s chairman and general manager, Ma Chao. The resignation was submitted for “personal career planning reasons,” and the board accepted the resignation effective immediately. Ma Chao had previously held dual roles as a director and general manager of the company. The announcement was made in a standard board‑reported notice, and a PDF copy of the official statement was made available through the company’s regulatory filing portal.

Company Profile

  • Industry: Ground Transportation (Road & Rail services)
  • Sector: Industrials
  • Exchange: Shanghai Stock Exchange (CNY)
  • Market Capitalisation: 8.95 billion CNY
  • 52‑week Range: 15.24 CNY – 30.47 CNY
  • Closing Price (2025‑11‑03): 28.5 CNY
  • Price‑to‑Earnings Ratio: –66.53 (negative, indicating losses)

Market Context

The announcement came amid a day of mixed market activity. While the Shanghai Composite Index closed marginally higher (up 0.05 %) and the ChiNext Index rose 0.17 %, the broader market was subdued, with the Shenzhen Component Index declining 0.15 %. A significant portion of the day’s trading volume was driven by the Hainan sector, which saw a number of stocks—such as Sea Horse Automobile, Sea Horse Group, Ka‑Zha Travel, and Hainan Airport—recording substantial gains, including several daily limit‑up moves.

The sector’s performance was supported by policy developments: the Ministry of Finance, General Administration of Customs, and State Taxation Administration announced adjustments to the Hainan offshore duty‑free shopping policy on 1 November, expanding the range of duty‑free goods and easing tax exemptions for domestic products. These measures were expected to boost consumer spending and benefit businesses operating within the Hainan free‑trade zone.

Implications for Hainan Haiqi Transportation Group

The resignation of Ma Chao removes a key executive from the company’s leadership team during a period of strategic uncertainty and regulatory change. Investors and analysts will likely monitor the appointment of a successor and any shifts in the company’s operational or strategic focus, particularly given its role in ground transportation services within a rapidly evolving free‑trade environment.

The company’s negative earnings multiple and recent market volatility suggest that leadership continuity will be a critical factor in maintaining investor confidence. Future filings will provide further detail on succession planning and any potential changes to corporate governance or strategic objectives.