Gelonghui September 12 | Xinlong Holdings (000955.SZ) announced that on September 6, 2024, Super Typhoon No. 11 of this year, “Mao” made landfall in Wengtian Town, Wenchang City, Hainan Province. After the typhoon warning was issued, the company initiated an emergency plan in advance, organized forces to fully carry out disaster relief and mitigation, and carried out various forms of production self-help and corresponding remedial measures to minimize the damage caused by the typhoon disaster to the company's operations.
Hainan Xinlong Nonwovens Co., Ltd., a subsidiary of the company, is located in the Laocheng Industrial Development Zone in Chengmai County, Hainan Province. It was affected by the disaster caused by the combination of the typhoon and torrential rain. The damaged assets mainly included plants, fences, equipment and inventory, etc., and there were no casualties. Up to now, the initial estimate of economic losses is about 7.2 million yuan (no deduction of the insurance company's subsequent compensation amount was taken into account; the insurance company is currently measuring and determining the loss).
As of the disclosure date of this announcement, the company's resumption of work and production is progressing in an orderly manner. The typhoon disaster is expected to adversely affect the company's 2024 business performance. The specific amount of impact will need to be further calculated by the finance department. The final results are based on the audited annual financial report data. Investors are kindly requested to pay attention to investment risks.
