Core Viewpoint - The horse racing concept sector has seen a rise of 1.65%, ranking second among concept sectors, with five stocks increasing in value, notably *ST Zhengping hitting the daily limit up, and Hainan Rubber, Luoniushan, and Zhongmu Co. also showing significant gains [1][2]. Group 1: Sector Performance - The horse racing concept sector's increase of 1.65% places it among the top-performing sectors today [1][2]. - Other notable sectors include Hainan Free Trade Zone with a rise of 4.63% and Free Trade Port with an increase of 1.59% [2]. Group 2: Stock Performance - Within the horse racing concept sector, *ST Zhengping achieved a daily limit up, while Hainan Rubber rose by 2.79%, Luoniushan by 2.67%, and Zhongmu Co. by 0.87% [1][3]. - Hainan Rubber led in net inflow of main funds with 11.35 million yuan, while *ST Zhengping had a net inflow rate of 32.77% [3]. Group 3: Fund Flow Analysis - The horse racing concept sector experienced a net outflow of 2.9 million yuan today, with only two stocks seeing net inflows [2]. - The main fund inflow rates for *ST Zhengping and Hainan Rubber were 32.77% and 1.94%, respectively, indicating strong interest in these stocks [3].

证券代码：601118 证券简称：海南橡胶 公告编号：2025-070 海南天然橡胶产业集团股份有限公司 海南天然橡胶产业集团股份有限公司 董 事 会 2025 年 11 月 15 日 1 关于收到橡胶收入保险赔款的公告 本公司董事会及全体董事保证本公告内容不存在任何虚假记载、误导性陈 述或者重大遗漏，并对其内容的真实性、准确性和完整性承担法律责任。 根据《海南橡胶 2025 年橡胶收入保险项目保险协议》的约定，2025 年 6 月 期间因橡胶价格波动造成收入损失，触发保险赔付条件。经查勘定损，确定保险 赔付金额为 22,924,115.52 元。公司近日已收到赔付款项，会计核算记入其他收 益。具体会计处理最终以审计机构审计确认后的结果为准，敬请广大投资者注意 投资风险。 特此公告。 ...

Core Insights - The planting industry sector rose by 0.48% on November 14, with Shennong Seed Industry leading the gains [1] - The Shanghai Composite Index closed at 3990.49, down 0.97%, while the Shenzhen Component Index closed at 13216.03, down 1.93% [1] Stock Performance - Shennong Seed Industry (300189) closed at 5.48, up 3.40%, with a trading volume of 2.0565 million shares and a turnover of 1.137 billion yuan [1] - Hainan Rubber (601118) closed at 6.27, up 2.79%, with a trading volume of 932,900 shares and a turnover of 585 million yuan [1] - Noposion (002215) closed at 12.72, up 0.95%, with a trading volume of 243,900 shares and a turnover of 316 million yuan [1] - Other notable stocks include Qiule Seed Industry (920087) and Wanxiang Deno (600371), with respective gains of 0.73% and 0.64% [1] Capital Flow - The planting industry sector experienced a net outflow of 55.8341 million yuan from main funds, while retail funds saw a net inflow of 13.9208 million yuan [2] - Speculative funds had a net inflow of 41.9133 million yuan [2] Individual Stock Capital Flow - Shennong Seed Industry had a main fund net inflow of 44.3076 million yuan, but a net outflow of 71.7509 million yuan from retail investors [3] - Hainan Rubber saw a main fund net inflow of 15.4463 million yuan, with a net outflow of 2.5563 million yuan from retail investors [3] - Other stocks like Macro Fruit and Vegetable (603336) and Noposion (002215) also showed varied capital flows, with significant retail outflows [3]

格隆汇11月14日丨海南橡胶(601118.SH)公布，根据《海南橡胶2025年橡胶收入保险项目保险协议》的 约定，2025年6月期间因橡胶价格波动造成收入损失，触发保险赔付条件。经查勘定损，确定保险赔付 金额为2292.41万元。公司近日已收到赔付款项，会计核算记入其他收益。 ...

Core Viewpoint - Hainan Rubber (601118.SH) has received an insurance payout of 22.9241 million yuan due to revenue losses caused by rubber price fluctuations, as stipulated in the insurance agreement for the 2025 rubber revenue insurance project [1] Group 1 - The insurance payout was triggered during the period of June 2025 due to price volatility in the rubber market [1] - The company has recorded the insurance compensation as other income in its accounting [1]

Core Insights - The agriculture sector saw a slight increase of 0.26% on November 13, with Shennong Seed Industry leading the gains [1] - The Shanghai Composite Index closed at 4029.5, up 0.73%, while the Shenzhen Component Index closed at 13476.52, up 1.78% [1] Sector Performance - Shennong Seed Industry (300189) closed at 5.30, with a rise of 2.12% and a trading volume of 949,100 shares, amounting to a transaction value of 501 million [1] - Other notable performers included Hainan Rubber (601118) with a closing price of 6.10, up 1.16%, and Qiu Le Seed Industry (920087) at 16.40, up 0.92% [1] - The overall trading volume and transaction values for various companies in the agriculture sector were detailed, indicating active market participation [1] Capital Flow - The agriculture sector experienced a net outflow of 155 million from institutional investors, while retail investors saw a net inflow of 150 million [2] - The table provided detailed capital flows for individual stocks, highlighting the dynamics between institutional, retail, and speculative investors [2][3] Individual Stock Analysis - Longping High-Tech (000998) had a net inflow of 7.1552 million from institutional investors, while Shennong Seed Industry (6810003) saw a net inflow of 7.0328 million [3] - Conversely, several companies like New Sai Co. (600540) and Guotou Fengle (000713) experienced significant net outflows from institutional investors [3]

Group 1 - Hainan sector opened lower but rebounded, with Hainan Mining and Haima Automobile both hitting the daily limit up [1] - Hainan Airlines Group rose over 8%, indicating strong performance in the sector [1] - Other stocks such as Caesar Travel, Ronniu Mountain, Shennong Seed Industry, Hainan Pharmaceutical, Hainan Ruize, Hainan Rubber, and Kangzhi Pharmaceutical also experienced gains [1]

Core Insights - Hainan Rubber's stock price increased by 2.16% on November 10, reaching 6.14 CNY per share, with a total market capitalization of 26.276 billion CNY [1] - The company reported a year-to-date stock price increase of 13.72%, with significant gains over various trading periods [1][2] - Hainan Rubber's main business involves the cultivation, processing, research, and sales of natural rubber, with 98.67% of revenue coming from rubber product sales [1] Financial Performance - For the period from January to September 2025, Hainan Rubber achieved a revenue of 33.964 billion CNY, reflecting a year-on-year growth of 3.23% [2] - The company reported a net profit attributable to shareholders of -0.275 billion CNY, which is a 40.24% increase compared to the previous year [2] Shareholder Information - As of October 31, 2025, the number of shareholders decreased by 0.65% to 79,700, while the average number of circulating shares per person increased by 0.65% to 53,694 shares [2] - The company has distributed a total of 1.179 billion CNY in dividends since its A-share listing, with 0.136 billion CNY distributed in the last three years [3] - Notable institutional shareholders include Dazhong New Era Industry Mixed A and Hong Kong Central Clearing Limited, with significant changes in their holdings [3]

Investment Rating - The report maintains a "Positive" investment rating for the agriculture industry [5] Core Viewpoints - The supply-side relaxation continues to suppress pig prices, with a significant acceleration in the reduction of breeding sows in October [2] - The pig farming sector is expected to benefit from recent policies and market forces that promote capacity reduction, leading to long-term performance improvements [3][38] - The planting chain shows a positive outlook with an established upward trend in grain prices, highlighting significant investment opportunities in large-scale planting [3][38] Summary by Relevant Sections Pig Farming - The current pig price is weak, with the average price for external three yuan pigs at 11.91 yuan/kg, down 4.64% week-on-week [11] - The price of 15 kg piglets is 18.93 yuan/kg, up 4.41% week-on-week [11] - The industry is experiencing a comprehensive loss phase, with pig prices dropping below 12 yuan/kg and weaning pig prices around 200 yuan/head [8][11] Poultry - The white feather broiler price remains stable at 7.09 yuan/kg, while chick prices have decreased to 3.54 yuan/chick, down 1.12% week-on-week [16] - The supply of broilers is increasing, but purchasing enthusiasm remains low [16] Feed Sector - Corn and wheat prices have decreased, while soybean meal prices have increased slightly [24] - The average price of corn is 2238.53 yuan/ton, down 0.07% week-on-week [24] Bulk Agricultural Products - The domestic natural rubber price is 14995 yuan/ton, down 0.60% week-on-week, with a new round of inventory replenishment starting [34] - The overall supply remains ample, and the market is characterized by weak demand [34] Investment Recommendations - Positive outlook for the pig farming sector with recommended stocks including Muyuan Foods, Wens Foodstuff Group, and others [3][38] - The planting sector shows promising fundamentals with recommended stocks such as Suqian Agricultural Development and Beidahuang [3][38] - The pet food sector is experiencing growth, with recommended stocks including Guibao Pet and Zhongchong Co., Ltd [3][38]

Market Overview - The planting industry sector increased by 0.48% on November 7, with Honghui Fruits and Vegetables leading the gains [1] - The Shanghai Composite Index closed at 3997.56, down 0.25%, while the Shenzhen Component Index closed at 13404.06, down 0.36% [1] Stock Performance - Honghui Fruits and Vegetables (603336) closed at 9.80, up 5.15% with a trading volume of 284,800 shares and a turnover of 277 million yuan [1] - Hainan Rubber (601118) closed at 6.01, up 2.74% with a trading volume of 816,000 shares and a turnover of 487 million yuan [1] - New Sai Co. (600540) closed at 5.04, up 1.00% with a trading volume of 108,500 shares and a turnover of 54.53 million yuan [1] - Other notable stocks include Nongfa Seed Industry (600313) and Denghai Seeds (002041), with slight increases of 0.76% and 0.63% respectively [1] Capital Flow - The planting industry sector experienced a net outflow of 139 million yuan from main funds, while retail investors saw a net inflow of 141 million yuan [2][3] - Major stocks like Honghui Fruits and Vegetables and Hainan Rubber had mixed capital flows, with Honghui experiencing a net outflow of 27.9 million yuan from main funds [3] - Hainan Rubber saw a net inflow of 24.7 million yuan from main funds, indicating strong interest despite overall sector outflows [3]