格隆汇11月26日丨海南橡胶(601118.SH)在投资者互动平台表示，公司目前在海南岛拥有300余万亩土 地，未来公司将紧紧抓住海南自由贸易港封关运作的重大发展机遇，在发展好橡胶主业的同时，积极综 合开发利用土地资源，提升土地出租及产业合作能力，挖掘林下土地潜力，盘活建设用地及闲置资产， 激活土地资源价值，为投资者创造更大价值。 ...

每经AI快讯，海南橡胶（SH 601118，收盘价：5.72元）11月25日晚间发布公告称，海南天然橡胶产业 集团股份有限公司于2025年11月25日收到公司控股股东海南省农垦投资控股集团有限公司来函，海垦控 股集团拟以其直接持有的公司部分A股股票为标的，非公开发行可交换公司债券。截至本公告日，海垦 控股集团直接持有公司A 股股票约27.54亿股，占公司总股本的64.35%。海垦控股集团本次拟非公开发 行可交换公司债券期限不超过5年（含）。拟募集资金规模不超过人民币21亿元（含）。 每经头条（nbdtoutiao）——688496，被证监会立案！刚上市业绩就变脸，亏损超1亿元；核心产品受重 创：第一大客户"自产自用"，减少采购 （记者 胡玲） 2024年1至12月份，海南橡胶的营业收入构成为：农业占比97.79%，其他业务占比2.21%。 截至发稿，海南橡胶市值为245亿元。 ...

Core Insights - The collaboration between Xinhuh Futures and Guangdong Guangken Rubber Group has successfully provided price risk protection for the rubber industry in Guangdong through an innovative "order purchase + futures" model from 2022 to 2024 [1][2] - The "Stabilization Action" project in 2024 aims to provide price risk protection for 3,000 tons of natural rubber, covering over 690,000 acres and benefiting more than 2,000 rubber farmers, with a project amount of 52.65 million yuan [1] - The project has also been extended to 2025, with a cumulative insurance of 4,000 tons of natural rubber, contributing to the sustainable development of the local rubber industry [1] Business Model - The "order purchase + futures" model aims to provide sales channels for farmers while ensuring stable procurement channels for enterprises [2] - Guangken Rubber purchases natural rubber from farmers at market prices and buys out-of-the-market options from Xinhuh Ruifeng, allowing for potential profit distribution to farmers based on actual rubber output [2] - This model has resulted in a win-win situation, providing farmers with stable sales channels and additional income through secondary settlements, while ensuring stable raw material supply for enterprises [2] Economic Impact - From 2022 to 2024, Xinhuh Futures has hedged a total of 8,720 tons of natural rubber, providing 5.4889 million yuan in additional income to local rubber farmers through secondary settlements [2] - The successful collaboration serves as a replicable example for the futures industry to support the real economy, demonstrating the potential of financial tools to address industry pain points and offering risk management solutions for other agricultural products [2]

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 Points - Hainan Rubber (601118) closed at 5.95 yuan on November 4, 2025, down 0.17% from the previous trading day, with a total market capitalization of 25.463 billion yuan [1] - The company announced it would provide a joint guarantee of up to 29.2149 million USD (approximately 207.2154 million yuan) for its subsidiary Halcyon Agri Corporation Limited to meet operational funding needs and repay bank loans [1] - The guarantee will be shared between Hainan Rubber and Sinochem International based on their shareholding ratios of 68.10% and 29.20%, respectively [1] - As of the announcement date, Hainan Rubber had already provided a guarantee balance of 1.76975 billion yuan for Halcyon Agri, including this new guarantee [1] - Halcyon Agri's latest asset-liability ratio stands at 76%, exceeding the 70% threshold [1] - For the fiscal year 2025, the company has completed the necessary board and shareholder approvals for the guarantee amount provided to its subsidiary [1] - The total external guarantee balance for the company and its subsidiaries is 4.73844 billion yuan, accounting for 48.12% of the latest audited net assets attributable to shareholders [1] - The guarantee balance for the controlling subsidiary is 1.8372574 billion yuan, representing 18.66% of the total [1] - There are no overdue guarantees reported [1]

Group 1 - The conflict involving Hainan Natural Rubber Industry Group Co., Ltd. (Hai Jiao) and local villagers is rooted in historical land disputes, with no casualties reported among the public [1][2] - A working group has been established by the local government to investigate the situation and ensure the protection of all parties' legal rights [1] - The conflict escalated on October 31 when Hai Jiao's subsidiary attempted to clear crops from a disputed land area, leading to a confrontation with a local villager [1] Group 2 - The local police were alerted to the dispute on October 31 and responded to maintain order, successfully dispersing the crowd without any injuries reported [2] - The police will collaborate with the county's investigation team to handle the situation according to legal regulations and address public concerns [2]

Core Viewpoint - Recently, Xishuangbanna Yihang Rubber Co., Ltd. was established with a registered capital of 500,000 RMB, indicating a new player in the rubber industry focusing on various rubber-related activities [1] Company Summary - The legal representative of the newly established company is Cai Jinzhen [1] - The registered capital of the company is 500,000 RMB [1] - The company’s business scope includes rubber crop planting, sales of rubber products, tire sales, synthetic materials sales, high-quality synthetic rubber sales, primary agricultural product acquisition, import and export of goods, and import and export agency services [1] - The company is also involved in food sales, which requires approval from relevant authorities before operations can commence [1]

Core Viewpoint - Hainan Rubber reported damage to its biological assets and production facilities due to Typhoon "Maidum," which made landfall in Guangdong, with maximum wind speeds of 42 m/s [1] Summary by Relevant Sections Company Impact - The company activated its emergency response plan prior to the typhoon and implemented comprehensive flood and wind prevention measures [1] - Initial estimates indicate approximately 2,400 rubber trees (including tapping trees and small seedlings) were affected, leading to an expected reduction of about 280 tons in dry rubber production for the year [1] - The affected subsidiaries have fully resumed production operations following safety inspections and disaster recovery efforts [1] Financial Implications - The revenue from the affected subsidiaries in Hainan accounts for less than 4% of the company's total income, suggesting limited overall financial impact [1] - The disaster is expected to have a certain degree of effect on the company's operational performance in 2025, but it will not significantly hinder the company's sustainable development [1]

Core Viewpoint - The company, Hainan Rubber (601118.SH), reported damages from Typhoon "Maidum," which made landfall in Guangdong, affecting its rubber biological assets and production facilities, but no casualties were reported [1] Group 1: Typhoon Impact - The typhoon caused varying degrees of damage to the company's rubber biological assets and production facilities in Hainan Province [1] - Approximately 2,400 rubber trees (including tapping trees and small seedlings) were reported as damaged [1] - Due to continuous rainfall and damage to rubber trees, the company anticipates a reduction in dry rubber production of about 280 tons for the year [1] Group 2: Recovery and Operations - Following the typhoon, the company quickly organized personnel for safety inspections and post-disaster recovery efforts [1] - All affected subsidiaries have resumed production and operations [1] Group 3: Financial Implications - The affected subsidiaries' annual revenue accounts for less than 4% of the company's total revenue [1] - 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]

Core Viewpoint - The company has reported that Typhoon "Maidum" has caused varying degrees of damage to its rubber biological assets and related production facilities in Hainan Province, leading to an estimated reduction of approximately 0.28 million tons of dry rubber for the year [1] Group 1: Impact of Typhoon - The company has activated its emergency response plan for typhoons and has fully deployed flood and wind prevention measures [1] - All affected subsidiaries have resumed production and operations [1] - The losses primarily stem from the rubber biological assets of the subsidiaries, with the annual revenue from the rubber planting subsidiaries in Hainan accounting for less than 4% of the company's total revenue [1] Group 2: Future Outlook - The expected impact on the company's operating performance for 2025 is considered to be moderate, but it will not significantly hinder the company's sustainable development in the future [1]