HAIMA AUTO(SZ:000572) 第一财经·2025-11-04 11:14Core Viewpoint - The stock price of Haima Automobile has surged, reaching a four-year high of 7.99 yuan, despite significant discrepancies with the company's fundamentals [3]. Financial Performance - In Q3, Haima Automobile reported a revenue of 598 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% [4][6]. - For the first three quarters, total revenue was 1.253 billion yuan, up 19.84%, while the net profit attributable to shareholders was -74.44 million yuan, a decline of 232.68% [4][6]. - The operating cash flow was negative, with a net cash flow from operating activities of -297 million yuan, reflecting a decrease of 285.54% [6]. Sales Performance - Sales data for Haima 7X showed only 4 units sold in September and no sales in October, totaling 45 units from January to October [4]. - Haima 7X-E and Haima 8S have not recorded any sales in the past year [4]. Production Capacity - The company has production capacity support, with both the Haikou and Zhengzhou bases having a capacity of 150,000 vehicles per year [4]. Management Response - In response to investor inquiries about profitability and operational improvement, the management expressed commitment to turning around the company's performance [5]. - A risk announcement was made, stating that there have been no significant changes in the company's operational situation or external environment [5].