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China Hainan Rubber Industry Group (601118.SH): received rubber income insurance compensation and property insurance compensation.
On March 31, Gelonghui reported that China Hainan Rubber Industry Group (601118.SH) announced that according to the insurance agreement signed between Hainan Natural Rubber Industry Group Co., Ltd. and The Pacific Property Insurance Co., Ltd. Hainan Branch, China People’s Property Insurance Co., Ltd. Hainan Province Branch, China Life Insurance Co., Ltd. Hainan Province Branch, Ping An Insurance Property Co., Ltd. Hainan Branch, and Sunshine Property Insurance Co., Ltd. Hainan Province Branch, the insurance period stipulates that insurance compensation conditions will be triggered in case of income loss. Specific details are as follows.
China Hainan Rubber Industry Group (601118.SH): Signed an insurance agreement for the rubber income insurance project in 2025.
Gelonghui reported on March 3 that China Hainan Rubber Industry Group (601118.SH) announced that it has recently signed an "Insurance Agreement for China Hainan Rubber Industry Group's Rubber Revenue Insurance Project 2025" with The Pacific Property Insurance Company Ltd. Hainan Branch, China People's Property Insurance Company Hainan Branch, China Life Insurance Property Insurance Company Hainan Branch, and Sunshine Property Insurance Company Hainan Branch. According to the "Implementation Plan for Agricultural Insurance Work in Hainan Province 2024", the policyholder will bear 20% of the total premium of this insurance policy, which amounts to 45,900,000.00 yuan, with the remaining 80% covered.
China Hainan Rubber Industry Forecasts Up to 73% Decline in 2024 Profit
2024 Annual Results Forecast
China Hainan Rubber Industry Group (601118.SH): Estimated net income for 2024 will decrease by 73.08% to 59.61%.
Gelonghui, January 27th丨China Hainan Rubber Industry Group (601118.SH) announced the annual performance forecast for 2024. According to preliminary calculations by the finance department, it is expected that in 2024, the net income attributable to shareholders of the listed company will be between 80 million yuan to 120 million yuan, which represents a decrease of 217.1247 million yuan to 177.1247 million yuan compared to the same period last year (statutory disclosed data), a year-on-year decrease of 73.08% to 59.61%. It is expected that the net income attributable to shareholders of the listed company, excluding non-recurring gains and losses, will be between -561.1 million yuan to -374.1 million yuan.
Why Investors Shouldn't Be Surprised By China Hainan Rubber Industry Group Co.,Ltd.'s (SHSE:601118) Low P/S
73269475 : Don't worry! The decline is part of the rise, and the upward trend will soon resume!