Hainan Haiqi Transportation Group

What Hainan Haiqi Transportation Group does

Hainan Haiqi Transportation Group (海南海汽运输集团股份有限公司) is a state-owned enterprise operating the only province-wide road passenger transport network in China, spanning all major cities and counties of Hainan Province. Founded in November 1951 (formerly Hainan Province Automobile Transportation Company) and listed on the Shanghai Stock Exchange (SSE: 603069) since July 2016, the company is majority-owned by Hainan Tourism Investment Group (海南旅投), a state-owned enterprise under Hainan Provincial SASAC. The group operates a diversified multi-brand service portfolio including scheduled intercity and intracity buses, school buses, chartered vehicles, scenic tour buses, NEV charging infrastructure, express delivery leveraging bus cargo capacity, and station-based commercial services (NEV sales, advertising, property rentals).

Revenue is generated through per-ticket bus fares, station operations (ticket sales, advertising, commercial space leasing), subscription-based school bus contracts with county education bureaus, charter and VIP services for government and corporate clients (including the Boao Forum for Asia), on-demand custom intercity travel services, express delivery commissions, and EV-related sales/leasing at station premises under a "以站促商,以商养站" (station-promotes-business, business-supports-station) model. The company operates a digital ticketing and booking platform via its proprietary Haiqi Xing (海汽行) mobile app, WeChat public accounts (海汽客运, 海汽e行), and self-service kiosks deployed at its 25+ stations across Hainan. Technology infrastructure includes GPS-based real-time vehicle monitoring with video surveillance, province-wide electronic ticketing with QR/ID verification, integration with the National Key Operating Vehicles Network Control System (全国重点营运车辆联网联控系统), and an in-house NEV charging network adapted to Hainan's climate in partnership with Yaxing Bus.

The customer base spans individual intercity/intracity passengers, K-12 schools and county education bureaus across seven counties, government entities (Boao Forum organizing committee, provincial and municipal transportation departments), tourism operators and inbound visitors, and logistics partners such as China Post for rural last-mile delivery via the "客货邮" (passenger-cargo-post) integration model. The company is actively repositioning around Hainan Free Trade Port development, with fleet electrification underway (Dongfang City achieved a 100% NEV fleet of 175 vehicles), strategic partnerships for climate-adapted NEV buses and rural logistics, and group standards authorship (T/HNQA018-2023 school bus standard).

Name

Hainan Haiqi Transportation Group

Legal name

海南海汽运输集团股份有限公司

Website

https://0898hq.com

Company type

Public

Founded year

1951

Operating status

Operating

Headcount range

1,001–5,000 employees

Short description

Hainan Haiqi Transportation Group (SSE: 603069) is a state-owned enterprise operating Hainan Province's only province-wide road passenger transport network. It provides intercity buses, school transport, chartered services, tourism buses, EV charging, and rural logistics to passengers, government, and tourists.

Ownership category

akta.pro rank

Product category

Road Passenger Transportation

NAICS

Interurban and Rural Bus Transportation (48521), Bus and Other Motor Vehicle Transit Systems (485113), Other Transit and Ground Passenger Transportation (48599)

SIC

Local & Suburban Transit & Interurban Hwy Passenger Trans (4100)

akta.pro primary industry

Rural & Small-Town Intercity Scheduled Bus Operators (THAIADAF)

akta.pro secondary industries

Suburban/Regional Commuter Bus Operators (TLAFAGAC), Municipal/City Public Bus Operators (THAIAEAA), Shuttle Bus Leasing/Rental (Airport/Hotel/Corporate) (TLABADAD)

Keywords

• Passenger bus transportation
• Intercity coach services
• School bus services
• Charter bus rental
• Tourism transportation

Headquarters

HQ city

Haikou Shi

HQ country

China

HQ region

Asia

Offices13 records

Markets served

GTM type

B2C

Offering type

Services

Cost components

Personnel, Operations, Infrastructure, Supply Chain, Technology or R&D, Marketing or Sales

Revenue model

1. Passenger Bus Transportation (班车客运): Core revenue stream from scheduled intercity and intracity bus routes across Hainan Province. Revenue is per-ticket based, covering routes between major cities and rural areas.
2. Station/Terminal Operations (站务经营): Revenue from operating passenger terminals and station spaces, including ticket sales, waiting areas, advertising placements within stations, and leasing of commercial spaces inside stations.
3. Tour Bus & Charter Services (旅游客运/包车租赁): Revenue from chartered buses for tourism, corporate travel, and special events. Includes ring-island scenic tour bus (6 routes covering 20 counties), Boao Forum VIP transport, and gaokao escort transport.
4. Custom/City-to-City On-Demand Services (城际定制出行): Subscription and per-trip fees for on-demand intercity bus services (door-to-door, point-to-point) launched in multiple counties including Wanning, Baisha, Chengmai, and Changjiang.
5. New Energy Vehicle (NEV) Sales (新能源汽车销售): Leveraging station space to operate automobile plazas, importing zero-tariff vehicles and selling NEV cars. Revenue from dealer/tenant arrangements within station premises.
6. Express Delivery (海汽快递): Express package delivery using bus cargo space (客货邮) integrating bus capacity with postal/logistics networks in rural areas.
7. School Bus Services (校车服务): Operating a fleet of specialized 'big-nose' school buses (230 vehicles across 7 counties/cities, covering 129 schools, benefiting 23,500+ students) under the Haiqi School Bus (海汽校车) brand. Revenue from school district transportation contracts.
8. Property Rental (场地/铺面招租): Rental income from leasing idle station spaces, commercial shops, office areas, and advertising billboards across its property portfolio.

Pricing tiers

Go-to-market motion2 records

Distribution channels6 records

Marketing channels6 records

Core offering

Hainan Haiqi Transportation Group is a state-owned, publicly listed road passenger transport company that operates a province-wide network of scheduled intercity and intracity bus services across all of Hainan, China. It sells bus tickets, chartered vehicle rentals, school bus contracts, scenic tour bus services, and station-based commercial services to individual passengers, schools, government agencies, and corporate clients. Its revenue is supplemented by station property rentals, EV charging infrastructure, and a passenger-cargo-postal delivery partnership with China Post.

Product overview

Hainan Haiqi Transportation Group operates as a comprehensive transportation service provider with a multi-brand portfolio spanning bus station services, intercity passenger transport, tourism services, school bus operations, electric vehicle charging, and logistics. The core platform consists of Haiqi Station Services (海汽站务) managing provincial bus station infrastructure, complemented by passenger transport brands including Haiqi Express (海汽快车) for scheduled intercity routes and Haiqi VIP Express (海汽VIP快车) for premium services. The service ecosystem includes specialized offerings such as Haiqi School Bus (海汽校车) serving 23,500+ students across 129 schools, Island Tour Bus (环岛观光巴士) for tourism, Hailv Car Rental (海旅租车) for vehicle hire, Haiqi Charging (海汽充电) for EV infrastructure, and Haiqi Express (海汽快递) for parcel delivery. The digital platform Haiqi Xing (海汽行) provides mobile ticketing and service access across the portfolio.

Differentiator

Problem solved

Functional benefit

Brands

• 海汽行: 海汽集团官方出行服务平台，提供手机购票、班次查询等服务
• 环岛观光巴士
• 海旅租车
• 海汽校车
• 海汽充电
• 海汽快车
• 海汽VIP快车
• 海汽站务
• 海汽旅游
• 海汽快递

Products and services

• Haiqi Station Services (海汽站务) Bus station management and passenger services including ticketing, boarding, waiting areas, and customer service at 25+ stations across Hainan Province.
• Haiqi Express Bus (海汽快车) Scheduled intercity bus service connecting major cities and towns across Hainan Province with regular departures.
• Haiqi VIP Express Bus (海汽VIP快车) Premium express bus service offering enhanced comfort and amenities for discerning passengers traveling across Hainan.
• Haiqi School Bus (海汽校车) Professional school bus service operating 230 large-nosed school buses across 7 Hainan cities (Lingshui, Chengmai, Wanning, Danzhou, Lingao, Qiongzhong) covering 129 schools and serving 23,500+ students on contract with county education bureaus.
• Island Tour Bus (环岛观光巴士) Scenic ring-island tour bus service offering 6 routes covering 20 Hainan cities and counties, serving approximately 13,000 passengers annually for tourism and sightseeing.
• Hailv Car Rental (海旅租车) Car rental service for tourists and travelers providing vehicle hire solutions across Hainan Island.
• Haiqi Tourism (海汽旅游) Tourism transportation services including charter buses, tour packages, and travel coordination for domestic and international tourists to Hainan.
• Haiqi Charging (海汽充电) Electric vehicle charging infrastructure service at bus stations and facilities, supporting Hainan's green transportation transition for both Haiqi fleet and public EV users.
• Haiqi Express Delivery (海汽快递) Express delivery service leveraging bus cargo capacity for parcel transportation, integrated with passenger-freight-postal (Kehuoyou) collaboration with China Post for rural last-mile delivery.
• Inter-city Customized Travel Service (城际定制出行服务) Door-to-door and point-to-point intercity bus service launched in 2025 across multiple Hainan counties (Wanning, Baisha, Chengmai, Changjiang), offering on-demand and scheduled 60-minute interval intercity routes.
• Haiqi Xing (海汽行) Mobile App Proprietary mobile application for booking intercity bus tickets, route queries, custom on-demand intercity service booking, charter bus reservations, and express delivery tracking across Hainan Province.
• Chartered Bus Rental (包车租赁) Chartered bus rental service for government agencies, corporate clients, tourism groups, and special events, with booking handled through regional station phone numbers across Hainan.
• Boao Forum VIP Transport Service VIP transportation service for the Boao Forum for Asia annual conference, providing high-standard, secure transport for international delegations and government officials.

Quantifiable outcome

• Haikou Main Station generates annual comprehensive revenue exceeding 10 million RMB, with non-passenger business revenue of 1.5+ million RMB annually
• +4 more outcomes

Named customers5 records

Segments5 records

Ideal customer profiles5 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Integration5 records

AI capability2 records

Feature5 records

Partnerships

Three partnerships are on record, tiered core.

• Yaxing Bus (亚星客车 / 潍柴集团)coreTechnology or Integration · 28 May 2026Yaxing Bus (亚星客车, a subsidiary of Weichai Group) collaborates with Haiqi Group on new energy bus product development tailored for Hainan's climate (high temperature, humidity, salt mist). Yaxing provides technical expertise on NEV bus range, battery life, corrosion resistance, and after-sales service. This is a strategic partnership for Haiqi's fleet electrification and green transport strategy.
• China Post Hainan Ding'an Branch (中国邮政海南定安分公司)coreStrategic or Co-development Partner · 1 July 2025Joint '客货邮' (passenger-cargo-post) integration where Haiqi buses carry China Post parcels on fixed routes, combining passenger transport capacity with postal logistics to reduce delivery costs and expand rural last-mile coverage. Routes include '定城—新序(新竹)' and others, increasing from 4 to 5 routes in Ding'an County.
• Hainan Provincial Transportation Department (海南省交通运输厅)coreStrategic or Co-development PartnerGovernment transportation authority overseeing Haiqi's provincial network operations, route approvals, and regulatory compliance. Haiqi Group is positioned as the leading enterprise for Hainan's road passenger transport under government planning for the Hainan Free Trade Port.

Scale indicators11 records

Recent moves8 records

Expansion highlights4 records

Broad incumbents

• Yaxing Bus (亚星客车, Weichai Group subsidiary): Major Chinese bus OEM and a current strategic partner of Haiqi for NEV bus development. Adjacent comparison as the supplier-side participant in the same road passenger transport value chain, with broader commercial vehicle portfolio.
• Beijing Public Transport Holdings (北京公交集团): China's largest municipal bus operator with comprehensive urban and suburban routes, large NEV fleet, and significant station real estate. Broadly comparable in scale of route network and diversification beyond pure passenger fares.
• China Tourism Group (中国旅游集团 / CTS): Major state-owned tourism conglomerate that could coordinate with or compete against Haiqi's tourism passenger transport segment. Relevant peer given Haiqi's positioning as Hainan's tourism transportation service provider under FTZ strategy.
• Hainan Airlines (海南航空): Hainan-anchored commercial carrier and fellow Hainan SOE-affiliated entity. Comparable in serving Hainan's tourism and intercity travel demand, though via air rather than road, and a potential coordinated or competing channel for tourist mobility.

Direct peers

• Guangzhou Yueyun Holdings (广州越秀集团 / 广州巴士集团): State-owned municipal and intercity bus operator in Guangdong Province with comparable scale, station network, and route-based passenger services. Both operate as provincial SOEs listed entities combining scheduled, charter, and station-based services.
• Dazhong Transportation (大众交通): Shanghai-based listed transportation company with intercity bus, taxi, and charter services. Comparable as a publicly listed Chinese passenger transport SOE with diversified ground mobility offerings.
• Jiangxi Changyun (江西长运): Listed Chinese road passenger transport company operating intercity and rural bus services with similar SOE structure. Directly comparable in business model mix of scheduled routes, charter services, and station operations.

Regional players

• Shenzhen Bus Group (深圳巴士集团): Large municipal bus operator in Shenzhen with extensive NEV fleet, electronic ticketing, and station-based services. Comparable in NEV transition scale and digital platform maturity, though operating in a much larger urban market.
• Hainan Expressway (海南高速): Hainan Province-based listed infrastructure company operating toll roads that complement (and partly compete with) Haiqi's intercity bus network. Relevant as a fellow Hainan-listed SOE serving island-wide transportation demand.

Others

• China Post Group (中国邮政集团): Strategic logistics partner via Haiqi's 客货邮 integration. Comparable as a state-owned nationwide operator leveraging Haiqi's bus cargo capacity for last-mile rural delivery; relevant ecosystem participant rather than direct competitor.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks5 records

Key highlights6 records

Customer concentration

Revenue estimate

Valuation estimate

Number of profiles

Profiles5 records

Subsidiaries9 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A1 record

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Hainan Haiqi Transportation Group