HAIMA AUTO(SZ:000572) Di Yi Cai Jing·2025-11-04 11:00Core Viewpoint - Haima Automobile's stock price has surged, reaching a four-year high of 7.99 yuan, despite significant discrepancies between its stock performance and fundamental financial metrics [1]. Financial Performance - For Q3, Haima reported revenue of 598.35 million yuan, a year-on-year increase of 33.0%, but the net profit attributable to shareholders was only 80,000 yuan, down 99.86% [2][6]. - The company's net profit for the first three quarters was -74.44 million yuan, a decline of 232.68% year-on-year, with total revenue of 1.25 billion yuan, up 19.84% [2][6]. - The operating cash flow was negative, amounting to -297.10 million yuan, reflecting a significant decline of 285.54% [6]. Sales Performance - Sales data for the Haima 7X model showed only 4 units sold in September and no sales in October, totaling 45 units sold from January to October. The Haima 7X-E and Haima 8S had no sales in the past year [4]. Production Capacity - Haima has production capacity support, with both its Haikou and Zhengzhou bases capable of producing 150,000 vehicles annually [5]. - The company has acknowledged the need to improve its operational performance and is committed to turning around its business situation [5]. Market Position - Haima's primary products include the Haima 7X-E, Haima 7X, and Haima 8S, targeting both domestic key markets and overseas markets [3].