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Hainan Rubber Receives 47 Million Yuan Insurance, Crop Compensation

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China Hainan Rubber Industry (SHA:601118) has received over 46.9 million yuan in insurance payouts and crop compensation following weather-related losses and land acquisitions, according to a Shanghai bourse filing on Friday.

The company collected 45.9 million yuan in rubber revenue insurance compensation following drought conditions in April. The funds have been recognized as other income.

Additionally, the company received 1.1 million yuan in crop compensation related to government land acquisition projects, including the S330 Lishi Line project, which has been recorded as non-operating income.

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