Group 1 - The core viewpoint of the news is the performance of the CSI Land Reform Agricultural Theme Index, which has shown significant growth over the past month, three months, and year-to-date [1] - The CSI Land Reform Agricultural Theme Index has increased by 8.68% in the last month, 7.69% in the last three months, and 3.61% year-to-date [1] - The index reflects the overall performance of listed companies benefiting from agricultural land reform, including sectors such as agricultural land transfer, urban industrial land utilization, agricultural machinery, and water-saving irrigation [1] Group 2 - The top ten weighted companies in the CSI Land Reform Agricultural Theme Index include Shibei Gaoxin (9.87%), Luoniushan (8.15%), Jinyu Group (8.07%), and others [1] - The index's holdings are primarily concentrated in the Shenzhen Stock Exchange (59.62%) and the Shanghai Stock Exchange (40.38%) [1] - The industry composition of the index shows that consumer goods account for 37.68%, materials for 22.47%, and industrials for 22.16% [2] Group 3 - The index samples are adjusted biannually, with adjustments occurring on the next trading day after the second Friday of June and December [2] - Weight factors are generally fixed until the next scheduled adjustment, with special circumstances allowing for temporary adjustments [2] - Companies that are delisted or undergo mergers, acquisitions, or splits are handled according to specific calculation and maintenance guidelines [2]

Core Viewpoint - The Shanghai Health Industry Index has shown significant growth, reflecting the overall performance of major companies in the healthcare, food safety, and environmental sectors listed on the Shanghai Stock Exchange [2]. Group 1: Index Performance - The Shanghai Health Industry Index has increased by 4.93% over the past month, 8.76% over the past three months, and 7.27% year-to-date [2]. - The index is based on the largest 50 listed companies in relevant sectors, using an equal-weighted approach to represent the overall performance of health-related companies [2]. Group 2: Index Composition - The top ten weighted companies in the index include Shanghai Washba (3.12%), WuXi AppTec (2.5%), and others, with the total weight of these companies reflecting their significance in the index [2]. - The index is composed entirely of companies listed on the Shanghai Stock Exchange, with a sector breakdown showing 39.55% in healthcare, 29.68% in consumer goods, 24.70% in industrials, and 6.07% in utilities [2]. Group 3: Index Adjustment Mechanism - The index samples are adjusted biannually, with changes implemented on the next trading day following the second Friday of June and December [3]. - Each adjustment typically does not exceed 20% of the sample, and weight factors are fixed until the next scheduled adjustment unless special circumstances arise [3].

Core Viewpoint - Hainan Agricultural Reclamation Group (referred to as Hainan Reclamation) showcased its innovations in the agricultural supply chain at the 3rd China International Supply Chain Promotion Expo, emphasizing the integration of technology and modern agricultural practices to enhance productivity and brand image [4][12]. Group 1: Technological Innovations - The fourth-generation intelligent rubber tapping machine demonstrated at the expo allows for precise and efficient operation, enabling simultaneous tapping of thousands of rubber trees within minutes, achieving first-class rubber tapping standards [5][6]. - Hainan Reclamation's focus on technological innovation is evident in the development and application of rubber tapping robots, which aim to enhance production capabilities and upgrade the industry chain [6][11]. Group 2: Agricultural Product Development - Hainan Reclamation presented over 170 products across four core sectors: natural rubber, southern breeding industry, marine economy, and tropical high-efficiency agriculture, showcasing a comprehensive view of modern agricultural development [6][8]. - The introduction of "Hainan Jade," a new variety of fresh corn, highlights the company's commitment to agricultural innovation and the entire industry chain from research to market [4][7]. Group 3: Brand Building and Market Expansion - The exhibition aimed to enhance Hainan Reclamation's brand image by showcasing its full agricultural supply chain, from production to market, and emphasizing its commitment to international collaboration [8][9]. - Hainan Reclamation is actively seeking partnerships to explore new development paths, leveraging its strengths in agricultural information technology and smart development [9][15]. Group 4: Global Integration and Trade - The expo serves as a platform for Hainan Reclamation to connect with global markets, with a focus on expanding its international presence through the export of products like tea and tropical fruits [14][15]. - The company is utilizing the Hainan Free Trade Port's policies to establish a "domestic base + cross-border supply chain" system, enhancing its agricultural production and processing capabilities [14][15].

关于中期票据及超短期融资券获准注册的公告 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。 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（以下简称"公司"）分别于 2024 年 12 月 30 日、2025 年 1 月 22 日召开了第六届董事会第四十一次会议以及 2025 年第一次临时股东大会，审议通过了《关于申请注册发行境内债务融资工具的议 案》，同意公司在银行间市场申请注册发行总额不超过人民币 40 亿元的债务融 资工具，中期票据期限不超过 5 年期，其中永续中期票据基础期限不超过 5 年， 可设置续期选择权，超短期融资券期限不超过 270 天。具体内容详见公司 2024 年 12 月 31 日、2025 年 1 月 23 日在上海证券交易所网站（www.sse.com.cn）披 露的相关公告。 证券代码：601118 证券简称：海南橡胶 公告编号：2025-045 1 行结果。 公司将按照《非金融企业债务融资工具发行规范指引》《非金融企业债务融 资工具注册发行规则》《非金融企业债务融资工具注册工作规 ...

Investment Rating - The report maintains a "Buy" rating for the agriculture, forestry, animal husbandry, and fishery sector [4] Core Viewpoints - Recent policy guidance has led to a rapid decline in post-slaughter weight, allowing for a rebalancing of volume and price, with positive expectations for pig prices [3] - The long-term perspective indicates that the bottom of the production capacity cycle is becoming clearer, suggesting a potential long-term profit upturn for the sector [3] - The report highlights investment opportunities in various segments, including pig farming, feed, and planting chains, as well as the pet food sector [3] Summary by Sections Pig Farming Sector - In June, 13 listed pig companies collectively slaughtered 16.2681 million pigs, a month-on-month increase of 2.65% and a year-on-year increase of 47.55% [2][13] - The average selling price of pigs decreased by approximately 3% month-on-month and about 20% year-on-year, with prices ranging from 13.23 to 15.57 yuan/kg [14][15] - The average weight of slaughtered pigs in June was 125.06 kg, down 0.77 kg from May, indicating a trend towards reducing weight [17] Market Dynamics - The national average price for live pigs was 14.81 yuan/kg as of July 11, reflecting a week-on-week decline of 3.52% [28] - The demand for pork is weakening due to high temperatures affecting consumption and rising storage costs, leading to a gradual loosening of supply-demand dynamics [28] Investment Recommendations - The report recommends focusing on leading companies such as Muyuan Foods, Wens Foodstuff, and Juxing Agriculture, as well as companies in the feed and animal health sectors like Haida Group and Ruipu Biological [3] - In the planting chain, opportunities are highlighted for companies like Suqian Agricultural Development and Beidahuang [3] Other Segments - The pet food industry is experiencing growth, with increasing recognition of domestic brands and continuous growth of leading companies [3]

Core Viewpoint - Hainan Rubber is facing significant financial challenges, with expected losses in the first half of 2025 due to low natural rubber prices and a sluggish global economy, despite some non-operating income from government compensation projects [2][4]. Group 1: Performance Summary - Hainan Rubber's stock closed at 4.91 yuan on July 11, 2025, up 2.29% from the previous week, with a market capitalization of 21.012 billion yuan, ranking 2nd in the agriculture sector and 784th in the A-share market [1]. - The company anticipates a net profit loss of 2.7 billion to 4 billion yuan (approximately 0.4 billion to 0.6 billion USD) for the first half of 2025, with a total net loss expected to be between 2 billion to 3 billion yuan [2][4]. Group 2: Dividend Announcement - Hainan Rubber announced a cash dividend of 0.0109 yuan per share, with the record date on July 14, 2025, and the payment date on July 15, 2025 [3][4]. - Different tax rates apply to various shareholder types, with individual shareholders facing a tax burden of 20%, 10%, or potentially exempt, while QFII and Hong Kong investors are subject to a 10% withholding tax [3].

Group 1 - The company expects a net profit attributable to the parent company of between -30 million and -20 million yuan for the first half of 2025 [1] - The expected net profit attributable to the parent company, excluding non-recurring gains and losses, is projected to be between -40 million and -27 million yuan for the same period [1] - The performance forecast period is from January 1, 2025, to June 30, 2025 [1] Group 2 - The company reported a total profit of -36,948.76 million yuan for the same period last year, with a net profit attributable to the parent company of -29,648.21 million yuan [2] - The net profit attributable to the parent company, excluding non-recurring gains and losses, was -28,835.74 million yuan in the previous year [2] - The earnings per share for the last year was -0.0693 yuan [2] Group 3 - The main reason for the expected loss in the current period is the low price of natural rubber, which has significantly decreased due to trade barriers and geopolitical tensions, leading to losses in the company's main business [2] - The company did realize significant non-recurring gains from government compensation for land acquisition projects during this period [2]

Group 1 - The company forecasts a net loss of approximately 200 million yuan for the current period, with a range of expected losses between 400 million yuan and 270 million yuan [1] - The previous year's total profit was a loss of 369.49 million yuan, with a net loss attributable to the parent company's owners of 296.48 million yuan [1] - The earnings per share for the previous year was reported at -0.0693 yuan [1] Group 2 - The primary reason for the expected loss is the impact of geopolitical tensions and a continued downturn in the global economic environment, leading to a significant drop in natural rubber prices [1] - The company did realize substantial non-recurring gains from government land compensation projects during the current period [1]

Hainan Natural Rubber Industry Group Co., Ltd. 2025 Semi-Annual Performance Forecast [Current Period Performance Forecast](index=1&type=section&id=Current%20Period%20Performance%20Forecast) The company anticipates a net loss attributable to shareholders of the parent company between RMB -300 million and -200 million for the first half of 2025 2025 Semi-Annual Performance Forecast | Indicator | Estimated Amount (RMB) | | :--- | :--- | | Net Profit Attributable to Shareholders of the Parent Company | -RMB 300 million to -RMB 200 million | | Net Profit Attributable to Shareholders of the Parent Company After Deducting Non-Recurring Gains and Losses | -RMB 400 million to -RMB 270 million | - The performance forecast has not been audited by a certified public accountant[4](index=4&type=chunk) [Prior Period Performance Review](index=1&type=section&id=Prior%20Period%20Performance%20Review) In the prior year, the company reported a net loss of RMB 296.48 million attributable to shareholders of the parent company 2024 Semi-Annual Key Financial Data | Indicator | Amount (RMB) | | :--- | :--- | | Total Profit | -RMB 369.49 million | | Net Profit Attributable to Shareholders of the Parent Company | -RMB 296.48 million | | Net Profit Attributable to Shareholders of the Parent Company After Deducting Non-Recurring Gains and Losses | -RMB 288.36 million | | Earnings Per Share | -RMB 0.0693 | [Analysis of Reasons for Current Period's Estimated Loss](index=1&type=section&id=Analysis%20of%20Reasons%20for%20Current%20Period's%20Estimated%20Loss) The estimated loss is primarily due to main business losses from low natural rubber prices, partially offset by significant non-recurring gains - Main business loss: In the first half of 2025, **natural rubber prices remained low and experienced significant declines**, leading to losses in the company's main business due to global economic downturn, trade barriers, and geopolitical tensions[6](index=6&type=chunk)[7](index=7&type=chunk) - Impact of non-recurring gains and losses: During the current reporting period, the company realized **significant non-recurring income** from matters such as government land acquisition project compensation[7](index=7&type=chunk) [Risk Warning](index=2&type=section&id=Risk%20Warning) The company confirms no significant uncertainties affect the accuracy of this performance forecast - The company confirms there are no significant uncertainties affecting the accuracy of this performance forecast[8](index=8&type=chunk) [Other Explanatory Matters](index=2&type=section&id=Other%20Explanatory%20Matters) The disclosed performance forecast data is preliminary, with final financial data subject to the official 2025 semi-annual report - This forecast data is preliminary, and the final accurate financial data will be subject to the company's officially disclosed 2025 semi-annual report[9](index=9&type=chunk)

Group 1 - The company Hainan Rubber (601118) expects to achieve a net profit attributable to the parent company of between -300 million to -200 million yuan for the first half of 2025 [1] - The company anticipates a net profit attributable to the parent company, after deducting non-recurring gains and losses, to be between -400 million to -270 million yuan for the first half of 2025 [1]