Hainan Development (002163.SZ) Analysis of Popular Reasons and Driving Factors

1. Popular Reasons and Driving Factors
   : The core driving factor for Hainan Development (002163.SZ) becoming a popular stock is the $113 billion Hainan Free Trade Port experiment launched by China on December 18, 2025 [1]. As a company headquartered in Hainan, it will directly benefit from the free trade port policy, including measures such as duty-free zones, foreign investment incentives, and relaxation of restrictions on the service industry [1].

2. Price and Trading Volume Performance
   : From the policy announcement on December 18, 2025 to December 22, the stock price rose from 13.22 yuan to 15.99 yuan; as of December 24, the real-time quote reached 19.35 yuan, with a single-day increase of 10% and a 5-day cumulative increase of 47% [0]. Trading volume increased significantly: on December 19, the trading volume reached 135.40 million shares, far higher than the average level of 91.24 million shares, indicating high investor attention [0].

3. Market Sentiment
   : The news of the free trade port policy has brought positive market sentiment to the company. The stock price has increased by 113% cumulatively in 6 months, showing strong upward momentum [0].

Although policy dividend expectations have driven the stock price up, the company’s fundamentals are weak: TTM EPS is -0.60 yuan, P/B ratio is as high as 23.21x, ROE is -55.46% [0]. This indicates that the current stock price rise is more driven by speculative expectations of the free trade port policy rather than solid fundamental support.

• Risks
  : The company’s fundamentals are poor, with negative profits and overvaluation, so speculative risks are significant [0]; there are uncertainties about the specific implementation effect of the free trade port policy and the degree of benefit to the company.
• Opportunities
  : In the long run, the free trade port policy may provide business expansion and development opportunities for the company. If the policy implementation effect exceeds expectations, it may drive the improvement of the company’s fundamentals [1].

Hainan Development (002163.SZ) has become a popular stock due to the Hainan Free Trade Port policy, with significant short-term stock price increases and enlarged trading volume. However, it should be noted that the company’s current fundamentals are weak, and the stock price rise is mainly based on speculative expectations. Investors should combine their own risk tolerance and judgment on the long-term impact of the policy to carefully evaluate the investment value of this stock.