Core Viewpoint - The company reported that Typhoon "Jianyu" caused varying degrees of damage to its biological assets and production facilities in Hainan Province, but there were no casualties. The estimated impact on the company's operations is manageable, with a minor effect on future performance [1]. Damage Assessment - The company has approximately 0.28 million mu of rubber plantation rendered unusable due to the typhoon [1] - An estimated 360,000 rubber and non-rubber biological assets were affected, including both tapped and young rubber trees [1] - The expected reduction in dry rubber production for the year is about 0.25 million tons [1] Recovery and Future Impact - All affected subsidiaries have resumed production and operations [1] - The revenue from the affected subsidiaries accounts for less than 4% of the company's total annual revenue [1] - The disaster is anticipated to have a certain degree of impact on the company's operating performance in 2025, but it will not significantly hinder the company's sustainable development in the future [1]

Core Viewpoint - The company has experienced damage to its rubber and biological assets due to Typhoon "Jianyu," but has initiated recovery efforts and has insurance coverage to mitigate financial impacts [1][2]. Group 1: Impact of Typhoon - Typhoon "Jianyu" caused strong winds and heavy rain in southern Hainan, affecting the company's operations [1]. - Approximately 0.28 thousand acres of rubber plantations were reported as unusable, with around 360,000 rubber trees (including tapping trees and seedlings) suffering damage [1]. - The estimated reduction in dry rubber production for the year is about 0.25 thousand tons [1]. Group 2: Recovery Efforts - The company has organized personnel for safety inspections and post-disaster recovery, including clearing roads and stabilizing fallen rubber trees to restore operations quickly [1]. - All affected subsidiaries have resumed production and operations [1]. Group 3: Insurance and Financial Impact - The company has insurance coverage for the damaged assets, and the insurance company is processing claims, having already advanced 5 million yuan for rubber tree cost insurance [2]. - The affected subsidiaries' annual revenue accounts for less than 4% of the company's total income, indicating limited overall financial impact [2]. - While there will be some effect on the company's 2025 operating performance, it is not expected to significantly hinder future sustainable development [2].

Core Viewpoint - The recent Typhoon "Jianyu" has caused damage to Hainan Rubber's biological assets and production facilities in southern Hainan, impacting the company's operations but not its long-term sustainability [1] Damage Assessment - The typhoon resulted in approximately 0.28 million mu of rubber plantation being rendered unusable [1] - Around 360,000 rubber and non-rubber biological assets were reported as damaged [1] - The estimated reduction in dry rubber production for the year is about 0.25 million tons [1] Recovery Status - All affected subsidiary companies have resumed production and operations [1] Future Impact - The disaster is expected to have a certain degree of impact on the company's operating performance in 2025, but it will not significantly hinder the company's future sustainable development [1]

Summary of Key Points Core Viewpoint - Hainan Rubber (601118.SH) has received insurance compensation due to revenue losses caused by pests and diseases, which will positively impact its financial results. Group 1: Insurance Compensation - The company received an insurance payout of 54.2026 million yuan for revenue losses in April 2025 due to pests and diseases, which will be recorded as other income [1] - An additional insurance payout of 9.5664 million yuan was received for biological asset reduction due to similar issues in April-May 2025 [1] Group 2: Compensation for Land Acquisition - The company received a compensation of 4.3638 million yuan for land acquisition related to the water supply and distribution pipeline project in Danzhou City, which will be recognized as non-operating income [1]

Core Viewpoint - The company has reported damages to its rubber and biological assets due to Typhoon "Jianyu," with an estimated reduction in dry rubber production for the year [1] Damage Assessment - The company has experienced varying degrees of damage to its rubber plantations and related production facilities in Hainan Province due to strong winds and heavy rain from the typhoon [1] - Approximately 0.28 thousand acres of rubber plantation have been rendered unusable, and around 360,000 rubber and non-rubber biological assets have been affected, including both tapped and young rubber trees [1] - The estimated reduction in dry rubber production for the year is about 0.25 thousand tons [1] Insurance and Compensation - The damaged assets are insured, and the insurance company will compensate within the agreed terms and amounts, which is expected to mitigate the impact of the disaster on the company [1] - The company has communicated the preliminary damage assessment to the insurance company, which is actively processing the insurance claims [1] - An advance payment of 5 million yuan for the cost of rubber tree insurance has already been made by the insurance company [1]

证券代码：601118 证券简称：海南橡胶 公告编号：2025-054 1 特此公告。 海南天然橡胶产业集团股份有限公司 关于台风"剑鱼"对公司影响的公告 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。 2025 年第 13 号台风"剑鱼"（强台风级）近日在三亚近海擦过，给海南省 南部地区带来强风雨天气。此次台风来袭前，海南天然橡胶产业集团股份有限公 司（以下简称"公司"）已启动防台应急预案，全面部署了防汛防风各项工作。 受台风带来的强风暴雨影响，公司在海南省内部分分子公司的橡胶等生物资产以 及配套生产设施等固定资产遭受不同程度的损失，无人员伤亡。经初步统计，公 司橡胶种植园报废面积约 0.28 万亩，零星受损橡胶及非胶生物性资产约 36 万株 （橡胶树含开割树和中小苗），预计全年干胶减产约 0.25 万吨。台风过境后， 公司迅速组织人员开展安全隐患排查及灾后复产工作，疏通胶园道路、扶正并加 固倒伏的橡胶树，以尽快恢复生产经营秩序，争取将灾害造成的损失降到最低。 目前，本次受灾的基地分公司已全部恢复生产经营。 本次受损的主要财 ...

证券代码：601118 证券简称：海南橡胶 公告编号：2025-055 海南天然橡胶产业集团股份有限公司 一、橡胶收入保险赔款 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 4 月 期间因病虫害导致收入损失，触发保险赔付条件，经査勘定损，确定保险赔付金 额为 54,202,559.89 元。公司近日已收到赔付款项，会计核算记入其他收益。 二、橡胶树保险赔款 以上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。 关于收到橡胶保险赔款及征地青苗补偿款的公告 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 年橡胶树物化成本保险项目保险协议》的约定，2025 年 4-5 月期间因病虫害触发保险赔付条件，经查勘定损，确定保险赔付金额为 9,566,373.00 元。公司近日已收到赔付款项，会计核算冲减生物性资产。 三、青苗补偿款 根据《海南省人民政府关于公布全省征地区片综合地价的通知》，公司近日 收到儋州市西区供水及配水管道工程等征地项目的 ...

Core Viewpoint - The company has reported damages caused by Typhoon "Jianyu," affecting its rubber and biological assets in Hainan Province, with no casualties reported [1] Damage Assessment - Approximately 0.28 thousand acres of rubber plantations have been rendered unusable due to the typhoon [1] - An estimated 360,000 rubber and non-rubber biological assets have been affected, including both tapped and young rubber trees [1] - The expected reduction in dry rubber production for the year is about 0.25 thousand tons [1] Insurance and Compensation - The damaged assets are insured, and the insurance company will compensate within the agreed terms and amounts, which is expected to mitigate the impact of the disaster [1] - The company has communicated the preliminary damage assessment to the insurance provider, which is actively processing the claims [1] - An advance payment of 5 million yuan for the cost of rubber tree insurance has already been made by the insurance company [1]

Market Overview - The planting industry sector declined by 0.69% on September 2, with Nopson leading the decline [1] - The Shanghai Composite Index closed at 3858.13, down 0.45%, while the Shenzhen Component Index closed at 12553.84, down 2.14% [1] Individual Stock Performance - Kangnong Agricultural (837403) saw a significant increase of 6.59%, closing at 29.60 with a trading volume of 86,500 shares and a turnover of 251 million yuan [1] - Nopson (002215) experienced a decline of 2.93%, closing at 11.93 with a trading volume of 394,200 shares and a turnover of 471 million yuan [2] - Other notable performers include Shennong Agricultural (681000E) with a 1.20% increase, and Huagu Biological (300970) remaining flat at 9.33 [1][2] Capital Flow Analysis - The planting industry sector experienced a net outflow of 108 million yuan from institutional investors, while retail investors saw a net inflow of 112 million yuan [2] - The capital flow for individual stocks indicates that Shennong Agricultural had a significant net outflow of 68.06 million yuan from institutional investors [3] - In contrast, Huagu Biological had a net inflow of 22.29 million yuan from retail investors, indicating a mixed sentiment among different investor types [3]

Investment Rating - The industry is rated as "Buy" [4] Core Insights - In July, the Ministry of Agriculture and Rural Affairs reported a stable yet slightly declining breeding sow inventory at 40.42 million heads, with a significant increase in pig slaughtering volume, reaching 31.66 million heads, a month-on-month increase of 5.3% and a year-on-year increase of 30.4% [1][3] - The average price of commodity pigs showed a slight rebound to 14.84 yuan/kg in July, with a month-on-month increase of 1.9% but a year-on-year decrease of 21.6% [1] - The overall profitability of the industry remained marginal, with average profits per head for large-scale farms at 21 yuan and for smallholders at 6 yuan [1] Summary by Sections 1. Industry Performance - The agricultural sector outperformed the market, with the agricultural index rising by 2.02% compared to the Shanghai Composite Index's 0.84% increase [13] - The livestock farming sector saw a rise of 4.39%, while other sectors like animal health and fisheries experienced declines [13] 2. Key Data Tracking - The average price of live pigs was reported at 13.66 yuan/kg, down 0.65% week-on-week, while the average price of piglets was 27.14 yuan/kg, down 2.3% [22] - The average slaughter weight of pigs decreased to 127.83 kg, with a slight decline of 0.15 kg week-on-week [22] 3. Investment Recommendations - The pig farming sector is expected to enter a long-term profit upcycle, with recommendations for companies such as Muyuan Foods, Wens Foodstuff Group, and Juxing Agriculture [3][68] - The feed and animal health sectors are also highlighted for potential growth, particularly with the recent clinical trials of vaccines [3][68] - The planting chain is recommended for investment due to the upward trend in grain prices, with companies like Suqian Agricultural Development and Beidahuang being noted [3][68] - The pet food sector is experiencing growth, with recommendations for companies like Guibao Pet and Zhongchong Co., Ltd. [3][70]