Haima Automobile Hot List Analysis: Free Trade Port Dividends and Transformation Opportunities

Haima Automobile (000572.SZ) entered the hot list on November 15, 2025, and there are multiple driving factors behind this phenomenon. As an important local automobile manufacturing enterprise in Hainan, Haima Automobile is transforming from traditional fuel vehicles to new energy vehicles and hydrogen fuel cell vehicles, which coincides with the critical period of Hainan Free Trade Port construction [1].

The countdown effect of Hainan Free Trade Port’s closure is significant. President Xi Jinping emphasized the high-standard construction of Hainan Free Trade Port, driving the collective rise of Hainan local stocks [2]. As a local enterprise in Hainan, Haima Automobile directly benefits from the free trade port policy dividends, especially in the “cross-border data flow” policy, which provides strong support for the company’s intelligent driving layout [1].

The company is actively deploying the dual tracks of new energy vehicles and photovoltaics, with automobile business revenue reaching 2.374 billion yuan in 2025 [0]. More importantly, Haima Automobile has made breakthroughs in hydrogen fuel cell vehicle technology; the first batch of hydrogen fuel cell vehicles has rolled off the production line, and demonstration operation and promotion work is being implemented [0]. This technological breakthrough is particularly important against the backdrop of the continued activity of the new energy vehicle industry chain [4].

In November 2025, the Hainan Free Trade Zone sector remained active, and Haima Automobile hit the daily limit multiple times [0]. However, the company’s fundamentals still face challenges: it has been in continuous losses since 2022, and remained in a loss state in the first three quarters of 2025, facing financial delisting risk warnings [0]. This divergence between fundamentals and market performance deserves investors’ attention.

Haima Automobile’s popularity is not accidental; it is the result of dual catalysis from policy dividends and technological breakthroughs. The construction of Hainan Free Trade Port provides a unique development environment for the company, while the commercialization of hydrogen fuel cell technology opens up new growth space for the company [1][4].

In the current market environment, the Hainan Free Trade Zone sector remains active, and Haima Automobile, as the leading stock in the sector, has benefited significantly [2]. At the same time, the new energy vehicle industry chain has performed strongly overall, with 695 individual stocks hitting new highs this year within a week [4], and Haima Automobile is exactly at the intersection of these two popular tracks.

The company is in a critical period of transformation; although it faces short-term loss pressure, breakthroughs in new energy and hydrogen fuel technologies may bring long-term value revaluation. This situation where transformation pains and opportunities coexist has led to divergence in market expectations for its future, thereby amplifying stock price fluctuations.

• Financial Risk
  : The company has been in continuous losses since 2022, facing delisting risk warnings, and operating performance has significant growth pressure [0]
• Technological Risk
  : Hydrogen fuel cell technology is still in the early stage of commercialization, and large-scale application has uncertainties
• Market Risk
  : The popularity of the Hainan Free Trade Zone sector may cool down with policy implementation, and there is a risk of sector rotation

• Policy Opportunity
  : Hainan Free Trade Port closure is imminent, and related policy dividends will continue to be released [1]
• Technological Opportunity
  : Breakthroughs in hydrogen fuel cell technology may bring first-mover advantages and market repricing [0]
• Industrial Opportunity
  : New energy vehicle and energy storage industries remain highly prosperous, and industry chain-related targets are receiving market attention [4]

Considering the approaching closure time of Hainan Free Trade Port and the advancement of hydrogen fuel cell commercialization, the next 6-12 months will be a critical observation period for the company’s transformation.

Haima Automobile (000572.SZ) entering the hot list reflects the market’s recognition of Hainan Free Trade Port policy dividends and the company’s technological breakthroughs. The company’s revenue in the first three quarters of 2025 was 2.374 billion yuan, and it is transforming to the dual tracks of new energy vehicles and photovoltaics, with important progress in hydrogen fuel cell technology [0]. However, continuous losses and delisting risk warnings are still important factors that investors need to pay attention to.

From an investment perspective, the stock’s popularity mainly comes from policy catalysis and technological expectations, rather than substantive improvements in fundamentals. The construction of Hainan Free Trade Port provides a unique development opportunity for the company, but investors need to balance short-term policy dividends and long-term transformation risks. The commercialization progress of hydrogen fuel cell technology will be the key factor determining the company’s future value.

In the current market environment, Hainan local stocks and new energy vehicle sectors are performing actively [2][4]. As an intersection target of the two hot spots, the rise in market attention to Haima Automobile is reasonable. However, investors should remain rational and pay attention to the substantive improvement of the company’s fundamentals.