Hainan Ruizhi (002596) Reasons for Continuous Limit Up and Market Analysis

Hainan Ruizhi (002596) is one of the largest ready-mix concrete production enterprises in Hainan Province, mainly engaged in ready-mix concrete, new wall materials, cement production and sales, and landscaping business [0]. From November 25 to 26, 2025, the company’s stock had continuous limit up, with a turnover of 657 million yuan on November 26 and a main net inflow of 154 million yuan in the past 3 days [1]. The main driving factors for the limit up include: the release of Hainan Free Trade Port policy dividends, diversified business expansion (such as tourism + horse racing, cruise tourism, sports and health care characteristic towns), and PPP project progress [2]. On August 30, 2025, the company announced a PPP project contract involving construction, operation, and maintenance services [0].

Financial data shows that the company’s market value in 2025 reached 6.794 billion yuan, with an average trading volume of 80.03 million shares in 3 months, indicating high market activity [0]. However, while the revenue in the past 12 months was 1.16 billion yuan, the net income was -235.7 million yuan, indicating fundamental losses [0].

1. Policy and Business Synergy
   : The company’s diversified layout (tourism, health care, etc.) accurately aligns with the development positioning of Hainan Free Trade Port, forming a positive cycle between policy dividends and business expansion [2].
2. Market Sentiment and Fundamental Divergence
   : Continuous limit up reflects the market’s optimistic sentiment towards policy expectations and new businesses, but the net loss status reminds us to pay attention to profit conversion ability [0][1].
3. Main Capital Trend
   : The significant main net inflow in the past 3 days shows institutions’ positive attitude towards the company’s short-term trend [1].

• Fundamental Losses: Net income is negative, and profit pressure persists [0];
• Short-term Volatility: May face profit-taking pressure after continuous limit up [3];
• Uncertainty of New Businesses: Businesses such as tourism and horse racing are in the expansion stage, and the profit model is not yet mature [0].

• Deepening of Free Trade Port Policy: The continuous advancement of Hainan Free Trade Port construction is expected to bring more project opportunities to the company [2];
• PPP Project Implementation: The announced PPP projects will bring stable cash flow to the company [0];
• Business Diversification: If the new business segments are successfully operated, they will open up long-term growth space [2].

Hainan Ruizhi (002596) recent continuous limit up is mainly driven by Hainan Free Trade Port policy, business expansion, and PPP projects. Market activity is high, but attention should be paid to fundamental losses and new business uncertainty. Investors should comprehensively evaluate based on policy progress, business implementation, and changes in financial data, and avoid making decisions solely based on short-term market sentiment. The company’s stock price and financial data can be queried through Yahoo Finance [4], Bloomberg [5], and Yahoo Finance Key Statistics [6].