Hainan Rubber production to decline after Typhoon Matmo damage

Hainan Natural Rubber Industry Group Co., Ltd. has reported on the impact of Typhoon Matmo, which made landfall in Zhanjiang City, Guangdong Province, after brushing past Wenchang offshore. The typhoon, reaching a maximum wind force of 14 (42 m/s) near its center upon landing, caused varying degrees of damage to the company's rubber biological assets and supporting production facilities within Hainan Province. No personnel casualties were reported.

Preliminary estimates indicate that approximately 0.24 million rubber trees, including tappable trees and young seedlings, suffered damage at level three or above. Furthermore, continuous rainfall prevented tapping, and the damaged trees are expected to lead to a full-year dry rubber production decrease of approximately 0.28 million tons. The company had activated its anti-typhoon emergency plan and implemented comprehensive flood and wind prevention measures prior to the typhoon's arrival.

Following the typhoon's departure, the company swiftly organized personnel to conduct safety hazard investigations and disaster recovery efforts. All affected base branches have now resumed normal production and operation. While the damage caused by the typhoon, primarily to the biological assets of its subsidiaries, is expected to have some impact on the company's 2025 operating performance, it will not significantly affect its sustainable development. The company advises investors to be aware of investment risks.