HAIMA AUTO(SZ:000572) Di Yi Cai Jing·2025-06-24 02:35Core Viewpoint - Haima Automobile is actively pursuing new product launches and partnerships, but faces long-term operational challenges and skepticism regarding its competitiveness and profitability in the automotive market [1][6]. Group 1: Recent Developments - Haima Automobile announced that its Box Car has successfully obtained product announcement directory approval, with plans for the EX00 model to be mass-produced this year [1]. - The company experienced a nearly 13% increase in stock price recently, reaching a total market capitalization of 7.04 billion yuan [1]. - Haima denied any collaboration with Jin Yu Automobile, which had claimed to be working with Haima on multiple fronts [2]. Group 2: Financial and Operational Challenges - Since 2021, Haima has been transferring or entrusting its business operations to other companies to secure survival funds, including the transfer of a 95% stake in Zhengzhou Lanma Industrial and the planned sale of its entire stake in Hainan Bank [6]. - As of Q1 2025, Haima reported revenues of approximately 268 million yuan, a year-on-year decline of 37.89%, and a net loss of 30.0038 million yuan, although this represented a 65.08% improvement compared to the previous year [7]. Group 3: Future Plans and Industry Context - Haima's future plans include a focus on hydrogen fuel cell vehicles, with the 7X-H model awaiting large-scale production [8]. - The hydrogen fuel cell vehicle industry faces significant challenges, including high costs and the need for technological advancements in fuel cell efficiency and durability [8].