China Hainan Rubber Industry Group (601118) Q1 2026 earnings summary

Executive summary

• Revenue for Q1 2026 was RMB 6.54 billion, down 20.75% year-over-year due to lower rubber prices and sales volume.

• Net loss attributable to shareholders was RMB -133 million, a 22.3% increase in loss compared to Q1 2025.

• Operating cash flow dropped sharply by 95.1% year-over-year to RMB 26 million.

Financial highlights

• Total assets at quarter-end were RMB 33.89 billion, up 0.17% from year-end 2025.

• Shareholders’ equity was RMB 10.10 billion, a 1.81% decrease from year-end 2025.

• Basic and diluted EPS were both -0.0310, compared to -0.0253 in Q1 2025.

• Gross margin and operating profit declined due to lower sales and margins.

Outlook and guidance

• Management attributes declines to market conditions and expects continued pressure if rubber prices and demand do not recover.