China Hainan Rubber Industry Group (601118) Q3 2026 earnings summary

Executive summary

• Q3 2026 revenue was RMB8.639bn, down 16.14% YoY; 9M revenue was RMB23.762bn, down 22.28%.

• 9M net loss attributable to shareholders was RMB211.7m, versus RMB275.2m a year earlier; adjusted for non-recurring items, the loss was RMB393.0m.

• Q3 remained loss-making, but higher rubber prices lifted gross profit YoY and cost-reduction efforts lowered period expenses YoY.

Financial highlights

• 9M operating revenue was RMB23.762bn versus RMB30.574bn; operating costs were RMB24.782bn versus RMB31.504bn.

• 9M operating loss was RMB421.9m, compared with RMB425.4m; total net loss narrowed to RMB369.3m from RMB432.3m.

• Q3 net loss attributable to shareholders was RMB81.2m; loss excluding non-recurring items was RMB103.7m.

• 9M operating cash flow was RMB1.350bn, down 16.50% YoY.

Key financial ratios and metrics

• Basic and diluted EPS were both -RMB0.0190 for Q3 and -RMB0.0495 for 9M.

• Weighted average ROE was -0.83% for Q3 and -2.14% for 9M.

• Period-end total assets were RMB32.270bn, down 4.62% from year-end 2025; equity attributable to shareholders was RMB9.724bn, down 3.70%.