Hainan Haiqi Transportation (SH:603069) Sou Hu Cai Jing·2025-07-15 14:49Core Viewpoint - The recent leadership change at Hainan Haikou Transportation Group Co., Ltd. (referred to as "Haikou Group") highlights the instability in its management, with the new chairman, Fu Ren'en, taking over from Ma Chao, who served as acting chairman for just over half a month [1][3][6] Group 1: Leadership Changes - Fu Ren'en has been elected as the new chairman of Haikou Group, following the resignation of former chairman Feng Xianyang due to work changes [3][4] - Ma Chao, who acted as chairman for a brief period, is not currently holding any position within the controlling shareholder [5][6] - The company has a history of leadership transitions, with previous instances of general managers being promoted to chairman [6] Group 2: Company Background - Haikou Group was established in November 1951 and went public in July 2016, engaging in various transportation and logistics services [1] - The company is primarily owned by Hainan Haikou Investment Holding Co., Ltd., which is controlled by Hainan Provincial Tourism Investment Group Co., Ltd. [1] Group 3: Financial Performance - Haikou Group has experienced fluctuating revenue and profit over recent years, with reported revenues of 629 million, 732 million, 740 million, 842 million, and 837 million from 2020 to 2024 [6] - The net profit attributable to shareholders has been negative in several years, with projections for the first half of this year indicating a net loss between 32 million and 26 million [6] - As of the latest closing, the total market value of Haikou Group is 6.494 billion [6]