On January 31, Hainan Rubber released its 2018 performance prediction.
Although the company realized net profit turning to make profit in 2019, the company was still in huge deficit after excluding non-recurring gains and losses.
According to the prediction, there were only 200 million yuan to 300 million yuan belonging to shareholders in 2018, but after excluding non-recurring gains and losses, there were 900 million yuan to 1.35 billion yuan of losses in 2018.
The company said that Hainan Rubber removed land contracts with parts of low-production rubber planters in September 2018, which expanded 815 million to complete related asset disposal and compensation.
Besides, they received 245 million yuan of government subsidies in 2018.
