On January 31, Hainan Rubber Group released its performance deficit.
The company predicted that net profit belonging to Shareholders suffered 160-240 million yuan of deficit in 2017. After deducting non-recurring profit and loss, the company faced 600-850 million yuan of loss.
The company explained that suffering from low rubber price, the company's net turns to large loss.
After the report announced, the company's share fell nearly 7%.
