FilingReader Intelligence

Hainan Rubber secures 25.8m yuan insurance payout for income loss

December 4, 2025 at 05:23 AM UTCBy FilingReader AI

China Hainan Rubber Industry Group Co., Ltd. announced today that it has received an insurance claim payment of 25,813,844.20 yuan. The payment stems from the "Hainan Rubber 2025 Rubber Income Insurance Project Insurance Agreement," which was triggered by income losses resulting from rubber price fluctuations during July 2025.

Following the assessment and determination of losses, the company confirmed the insurance payout conditions were met and has already received the funds. The payment will be accounted for as other income in the company's financial records. Investors are advised that the final accounting treatment will be based on the results confirmed by an auditing institution.

The company urges investors to be mindful of investment risks. This announcement, published on December 4, 2025, underscores the company's efforts to mitigate financial impact from market volatility through insurance mechanisms.

This report was generated by FilingReader's AI system from regulatory filings and company disclosures. To request a correction, contact editorial@filingreader.com

SSE:601118Shanghai Stock Exchange
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