证券代码：601118 证券简称：海南橡胶 公告编号：2024-081 海南天然橡胶产业集团股份有限公司 关于收到橡胶收入保险赔款的公告 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。 根据海南天然橡胶产业集团股份有限公司（以下简称"公司"）与中国太平 洋财产保险股份有限公司海南分公司、中国人民财产保险股份有限公司海南省分 公司、中国人寿财产保险股份有限公司海南省分公司、中国平安财产保险股份有 限公司海南分公司、阳光财产保险股份有限公司海南省分公司签订的《海南橡胶 2024 年橡胶收入保险项目保险协议（新）》约定，2024 年 7 月期间因橡胶价格 波动造成收入损失，触发保险赔付条件。经查勘定损，确定保险赔付金额为 6,530,602.16 元。近日，公司已收到上述赔付款项，会计核算计入其他收益。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。 海南天然橡胶产业集团股份有限公司 董 事 会 2024 年 12 月 13 日 1 ...

证券代码：601118 证券简称：海南橡胶 公告编号：2024-080 海南天然橡胶产业集团股份有限公司 第六届董事会第四十次会议决议公告 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（以下简称"公司"）第六届董事会第 四十次会议于 2024 年 12 月 6 日以通讯表决方式召开。本次会议应出席董事 7 名， 实际参会董事 7 名。本次会议的召集、召开符合《公司法》《公司章程》的有关 规定，合法有效。会议以记名投票表决方式通过如下议案： 一、审议通过《海南橡胶关于总部成立土地资源资产管理部的议案》 2024 年 12 月 7 日 1 为持续做好土地规范化管理工作，同意在总部成立土地资源资产管理部，作 为专门的土地管理部门，承担统筹管理公司土地资源资产、指导规范土地资源的 开发利用、提升土地资源管理水平和利用效率等工作。 表决结果：本议案获得通过，同意 7 票，反对 0 票，弃权 0 票。 特此公告。 海南天然橡胶产业集团股份有限公司 董 事 会 ...

Investment Rating - The investment rating for the company is upgraded to "Outperform the Market" [4][19]. Core Views - The company benefits from the recovery in rubber prices, with Q3 net profit increasing by 38% year-on-year [1][7]. - The company is the largest natural rubber planting and processing trade enterprise globally, and it is expected to fully benefit from the industry's upward trend due to production reductions in main production areas and resilient demand growth [19]. Financial Performance Summary - For the first three quarters of 2024, the company achieved operating revenue of 32.9 billion yuan, a year-on-year increase of 32.46%, and a net profit attributable to shareholders of -461 million yuan, a year-on-year increase of 13.95% [1][7]. - In Q3 2024, the company reported operating revenue of 13.694 billion yuan, a quarter-on-quarter increase of 23.74% and a year-on-year increase of 33.67% [1][7]. - The gross profit margin for Q3 2024 was 2.68%, with a year-on-year increase of 0.93 percentage points [10]. Profitability Metrics - The sales gross margin for the first three quarters of 2024 was 2.88%, up 0.53 percentage points year-on-year [10]. - The net profit margin for Q3 2024 was -1.43%, with a year-on-year improvement of 1.37 percentage points [10]. Cash Flow and Operational Efficiency - The operating cash flow for the first three quarters of 2024 was 1.55 billion yuan, a year-on-year increase of 190.81% [16]. - The inventory turnover days reached 43.10 days, an increase of 35.41% year-on-year, while accounts receivable turnover days were 14.39 days, an increase of 43.48% year-on-year [16]. Future Earnings Forecast - The company maintains a net profit forecast of 120 million yuan for 2024 and has raised the net profit forecasts for 2025 and 2026 to 200 million yuan and 440 million yuan, respectively [19]. - Corresponding EPS for 2024-2026 is projected to be 0.03 yuan, 0.05 yuan, and 0.10 yuan [19].

Investment Rating - The report assigns an "Outperform" rating to Hainan Rubber (601118 SH) [1][4] Core Views - Hainan Rubber benefits from the recovery in rubber prices, with Q3 net profit attributable to parent company increasing by 38% YoY [1] - As the world's largest natural rubber planting, processing, and trading enterprise, the company is expected to fully benefit from the industry's upward trend due to reduced production in main producing areas and resilient demand growth [1][19] Financial Performance Revenue and Profit - Q3 2024 revenue reached 13 694 billion yuan, up 23 74% QoQ and 33 67% YoY [1] - Q3 2024 net profit attributable to parent company was -164 million yuan, a 38 18% YoY improvement [1] - 2024E revenue is forecasted at 46 087 billion yuan, with net profit attributable to parent company at 115 million yuan [2][22] Profitability - Q1-Q3 2024 gross margin improved to 2 88%, up 0 53 pct YoY [1] - Q3 2024 gross margin was 2 68%, up 0 38 pct QoQ and 0 93 pct YoY [1] - 2024E gross margin is expected to reach 4 9%, with net margin improving to -1 82% [1][22] Cash Flow and Asset Turnover - Operating cash flow for Q1-Q3 2024 surged 190 81% YoY to 1 55 billion yuan [1] - Inventory turnover days increased to 43 10 days, up 35 41% YoY [1] - Accounts receivable turnover days rose to 14 39 days, up 43 48% YoY [1] Business Segments Rubber Products - 2024E revenue from rubber products is forecasted at 45 578 billion yuan, with a gross margin of 4 7% [22] - Revenue growth for rubber products is expected to be 22 52% in 2024E [22] Rubber Wood - 2024E revenue from rubber wood is projected at 75 million yuan, with a gross margin of 40% [22] - Revenue growth for rubber wood is expected to be 2 74% in 2024E [22] Other Businesses - 2024E revenue from other businesses is forecasted at 434 million yuan, with a gross margin of 20% [22] - Revenue growth for other businesses is expected to be 5% in 2024E [22] Industry Outlook - Natural rubber prices are expected to maintain an upward trend due to reduced production in main producing areas and resilient demand growth [19] - The company's optimization of main business and expansion of operational scale are expected to drive future growth [19] Valuation and Forecast - 2024-2026E EPS is forecasted at 0 03/0 05/0 10 yuan [19] - 2025-2026E net profit attributable to parent company is revised upward to 200/440 million yuan [19] - 2024E PE ratio is projected at 201 2x, with PB ratio at 2 35x [2]

证券代码：601118 证券简称：海南橡胶 公告编号：2024-079 海南天然橡胶产业集团股份有限公司 关于收到橡胶收入保险预付赔款的公告 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 2024 年橡胶收入保险项目保险协议（新）》的约定，2024 年 9 月期间受超强台风"摩羯"影响导致橡胶实际收入低于目标收入，触发保险 赔付条件。经与保险公司沟通磋商，公司近日收到保险公司预付的部分橡胶收入 保险赔款 30,000,000 元。 包含此前保险公司预付的 30,000,000 元橡胶收入保险赔款、 314,783,232.32 元橡胶树保险赔款在内，因受超强台风"摩羯"的影响，公司共 计收到预付保险赔款 374,783,232.32 元，实际赔付金额以最终核定为准。 特此公告。 海南天然橡胶产业集团股份有限公司 董 事 会 2024 年 11 月 8 日 1 ...

证券代码：601118 证券简称：海南橡胶 公告编号：2024-078 海南天然橡胶产业集团股份有限公司 第六届监事会第二十次会议决议公告 本公司监事会及全体监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（以下简称"公司"）第六届监事会第 二十次会议于 2024 年 10 月 30 日以通讯表决方式召开。本次会议应到监事 3 名， 实际参会监事 3 名。本次会议的召集、召开符合《公司法》《公司章程》的有关 规定，合法有效。会议以记名投票表决方式通过如下议案： 一、审议《海南橡胶 2024 年第三季度报告》（详见上海证券交易所网站 www.sse.com.cn） 与会监事对公司 2024 年第三季度报告进行了审议，并提出如下审核意见:公 司 2024 年第三季度报告的编制和审议程序符合法律、法规、《公司章程》等相关 规定；报告的内容和格式符合中国证监会和上海证券交易所的各项规定；所包含 的信息能够真实地反映公司 2024 年第三季度的财务状况及经营成果等事项；未 发现参与三季度报告编制和审议的人员有违反保密规定的 ...

海南天然橡胶产业集团股份有限公司 董事会战略与可持续发展委员会实施细则 （2024 年 10 月修订） 第一章 总 则 第一条 为适应公司战略发展需要，增强公司核心竞争力，确定公司发展规 划，健全投资决策程序，加强决策科学性，提高重大投资与资本运作决策效率和 决策质量，完善公司治理结构，提升公司环境、社会及公司治理（ESG）绩效， 增强公司核心竞争力和可持续发展能力，根据《中华人民共和国公司法》《中华 人民共和国证券法》《上市公司治理准则》《上市公司独立董事管理办法》《上海 证券交易所股票上市规则》《上海证券交易所上市公司自律监管指引第 1 号—— 规范运作》《上海证券交易所上市公司自律监管指引第 14 号——可持续发展报告 (试行)》等法律法规、规范性文件以及《海南天然橡胶产业集团股份有限公司章 程》（以下简称《公司章程》）等有关规定，公司特设立董事会战略与可持续发展 委员会，并制定本实施细则。 第二条 董事会战略与可持续发展委员会是董事会下设的专门工作机构，主 要负责对公司中长期发展战略、重大投资决策、可持续发展和 ESG 政策等进行 研究并提出建议。 第二章 人员组成 第三条 战略与可持续发展委员会成员 ...

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（以下简称"公司"）第六届董事会第 三十九次会议于 2024 年 10 月 30 日以通讯表决方式召开，本次会议应出席董事 7 名，实际参会董事 7 名。本次会议的召集、召开符合《公司法》《公司章程》的 有关规定，合法有效。会议以记名投票表决方式通过如下议案： 一、审议通过《海南橡胶 2024 年第三季度报告》（详情请见上海证券交易 所网站 www.sse.com.cn） 表决结果：本议案获得通过，同意 7 票，反对 0 票，弃权 0 票。 本议案事前已经公司第六届董事会审计委员会第二十三次会议审议通过。 二、审议通过《海南橡胶关于续聘会计师事务所的议案》（详情请见上海证 券交易所网站 www.sse.com.cn） 证券代码：601118 证券简称：海南橡胶 公告编号：2024-076 海南天然橡胶产业集团股份有限公司 第六届董事会第三十九次会议决议公告 表决结果：本议案获得通过，同意 7 票，反对 0 票，弃权 0 票。 本议案需提交公司股东大 ...

Financial Performance - The company's operating revenue for the third quarter increased by 33.67% year-on-year, reaching CNY 32,902,420,383.11[2] - The net profit attributable to shareholders of the listed company was a loss of CNY 460,507,077.05, with a significant increase in gross profit from rubber product sales[7] - Basic earnings per share increased by CNY 0.02, resulting in a value of -0.1076[2] - The company's net profit attributable to shareholders for the first three quarters of 2024 was CNY -699,856,208.91, a decrease from CNY -149,909,092.40 in the same period of 2023[15] - The net profit for the third quarter of 2024 was -598,680,207.85 RMB, compared to -623,243,022.23 RMB in the same period of 2023, showing a slight improvement[18] - The total comprehensive income for the third quarter of 2024 was -573,105,301.06 RMB, compared to -702,759,330.08 RMB in the same period of 2023, reflecting an improvement[19] - The basic and diluted earnings per share for the third quarter of 2024 were both -0.1076 RMB, compared to -0.1251 RMB in the same period of 2023[19] Cash Flow and Liquidity - The cash flow generated from operating activities for the year-to-date increased by 190.53%, totaling CNY 1,549,827,478.57, primarily due to increased insurance compensation and land compensation income[7] - The net cash flow from operating activities for the first nine months of 2024 was 1,549,827,478.57 RMB, compared to 533,451,483.29 RMB in the same period of 2023, indicating a significant increase[21] - The company's cash and cash equivalents as of September 30, 2024, amounted to ¥5,404,793,022.10, an increase from ¥3,505,677,373.32 at the end of 2023[13] - The cash and cash equivalents at the end of the third quarter of 2024 were 5,363,934,129.11 RMB, up from 2,946,661,246.38 RMB at the end of the same period in 2023[21] - The total cash inflow from financing activities for the first nine months of 2024 was 16,239,924,123.22 RMB, compared to 12,633,651,601.99 RMB in the same period of 2023, showing a growth of 28.5%[21] - The total cash outflow from investing activities for the first nine months of 2024 was 1,358,372,494.88 RMB, a decrease from 2,799,305,235.91 RMB in the same period of 2023[21] Assets and Liabilities - Total assets at the end of the reporting period were CNY 36,232,556,490.24, reflecting a 6.72% increase compared to the end of the previous year[3] - Current assets totaled CNY 15,135,637,595.31, an increase from CNY 12,871,679,519.30 year-over-year[14] - The company's total liabilities reached CNY 25,298,618,251.93, compared to CNY 22,315,859,133.12 in the same period last year[15] - Long-term borrowings increased to CNY 6,246,488,829.13 from CNY 3,981,000,746.17 in the previous year[15] - The total equity attributable to shareholders decreased to CNY 9,275,640,802.34 from CNY 9,825,175,378.75 year-over-year[15] Shareholder Information - The total number of common shareholders at the end of the reporting period was 80,959[9] - The largest shareholder, Hainan Agricultural Reclamation Investment Holding Group Co., Ltd., holds 2,754,012,024 shares, representing 64.35% of total shares[9] - The second largest shareholder, Industrial and Commercial Bank of China - Dongfanghong Qiheng Mixed Securities Investment Fund, holds 72,357,172 shares, accounting for 1.69%[10] - The total number of shares held by the top 10 shareholders represents a significant portion of the company's equity, with the top shareholder alone holding over 64%[9] - The company has not reported any changes in the status of shares held by major shareholders due to margin trading activities[11] Operational Highlights - Non-operating income included government subsidies amounting to CNY 9,724,845.93, which are closely related to the company's normal business operations[4] - The company received insurance compensation related to natural rubber income totaling CNY 211,482,761.00, which is expected to have a sustained impact on profits[6] - Research and development expenses for the first three quarters of 2024 were CNY 22,934,351.11, down from CNY 26,555,119.18 in the same period of 2023[17] - The company reported a significant increase in contract liabilities, rising to CNY 1,345,277,108.75 from CNY 621,582,491.18 year-over-year[15] Accounting and Reporting - The company has not adopted new accounting standards or interpretations that would affect the financial statements for the year[22] - The company has not disclosed any new strategies or product developments in the current reporting period[12]

海南天然橡胶产业集团股份有限公司 信息披露事务管理制度 （2024年10月修订） 第一章 总 则 第一条 为规范和加强海南天然橡胶产业集团股份有限公司（以下简称"公司"） 信息披露事务管理，提高信息披露管理水平和质量，切实维护公司和股东的合法权益， 依据《中华人民共和国公司法》《中华人民共和国证券法》《上市公司信息披露管理 办法》《上海证券交易所股票上市规则》《上海证券交易所上市公司自律监管指引第 2 号——信息披露事务管理》《上海证券交易所上市公司自律监管指引第 5 号——交 易与关联交易》等法律、法规、规章的有关规定，制定本制度。 第二条 本制度所称"信息"特指可能对公司证券及其衍生品种交易价格产生较 大影响而投资者尚未得知的重大信息，本制度所称"披露"系指以规定的时间、媒体 及方式向社会公众公布前述信息以及按规定报送证券监管部门的行为。 第三条 信息披露义务人应当及时依法履行信息披露义务，披露的信息应当真实、 准确、完整，简明清晰、通俗易懂，不得有虚假记载、误导性陈述或者重大遗漏。公 司的董事、监事、高级管理人员应当忠实、勤勉地履行职责，保证披露信息的真实、 准确、完整，信息披露及时、公平。 第二章 制 ...