Hainan Ruizhi (002596) Limit-Up Analysis: Driven by Free Trade Port Closure Policy and Future Outlook

This analysis is based on Tushare limit-up pool data [0] and external market information, showing that Hainan Ruizhi (002596) hit the limit-up on November 26, 2025. The core driving factors are expectations of the Hainan Free Trade Port full-island closure policy [5][6] and the叠加 effect of multiple policies. As the only local listed enterprise in Hainan’s ready-mix concrete industry, the company will fully benefit from the growth in infrastructure demand after the closure [0].

Hainan Ruizhi is a leading enterprise in Hainan’s cement and building materials industry, with ready-mix concrete business accounting for 78% of its main operations and a market share of over 40% [0]. It has 1.147 billion outstanding shares and a circulating market value of 6.168 billion yuan [0].

1. Free Trade Port Closure Expectation
   : The Hainan Free Trade Port will officially close on December 18, 2025 [5], which is expected to drive large-scale infrastructure investment on the island [6].
2. Policy Overlay Effect
   : The State Council authorizes Hainan to approve the conversion of permanent basic farmland to construction land [0], the Hainan Provincial Department of Commerce releases a list of self-produced goods [8], and new sci-tech innovation fault-tolerance exemption rules [0] and other policies resonate, further strengthening market confidence.

The Hainan sector has been active recently [1][8], and Hainan Ruizhi has seen multiple limit-ups and surging trading volumes [0][7].

1. Regional Monopoly Advantage
   : As Hainan’s only local listed ready-mix concrete enterprise, the company has an irreplaceable competitive position against the backdrop of the closure [0].
2. Sustainability of Policy Dividends
   : Infrastructure demand will continue to be released after the closure, and coupled with the relaxation of land approval policies, the company’s business growth space is significant [5][6].

• Policy Execution Risk
  : The implementation progress of closure-related policies may fall short of expectations [0].
• Market Volatility Risk
  : Short-term stock prices may correct due to over-speculation [0].

• Growth in Infrastructure Demand
  : Infrastructure construction on the island will accelerate after the closure, increasing the demand for ready-mix concrete [6].
• Continuous Policy Dividends
  : More free trade port-related policies may be introduced in the future [0].

Hainan Ruizhi (002596) hit the limit-up mainly driven by the free trade port closure policy and overlay effects. The company has obvious regional monopoly advantages and will benefit from the growth in infrastructure demand in the long term. Investors should pay attention to the progress of policy implementation and changes in market sentiment [0][1][6].