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Chuanfeng Rubber 2024 Annual Report

Rooted in Hainan, Serving the Nation | Perseverance and Innovation in Natural Rubber

In 2024, the global natural rubber market underwent a profound adjustment in supply-demand dynamics. Chuanfeng Rubber, adhering to our strategy of "Rooted in Hainan, Serving the Nation," achieved steady progress across sourcing, processing, and sales services. This report reviews our operational achievements over the past year and shares our insights into the natural rubber industry.

Company Overview

Wuzhishan Chuanfeng Industry and Trade Co., Ltd. (Chuanfeng Rubber), established in 2009 with a registered capital of 30 million RMB, is located in Wuzhishan City, Hainan Province. The company specializes in natural rubber sourcing, processing, and sales, serving as a key participant in Hainan's natural rubber industry chain.

2024 Natural Rubber Market Review

In 2024, the global natural rubber market exhibited a tight supply-demand balance:

• Global Supply: Approximately 14.8 million metric tons, with Thailand accounting for 34.9% of total supply
• Global Demand: Approximately 15.3 million metric tons, with supply deficit driving prices upward
• China Imports: As the world's largest importer, China's demand is concentrated in tire manufacturing
• Price Trends: Prices showed an overall upward trend throughout the year, with an average annual increase of approximately 8%

Key market factors included: El Niño climate impacts on producing regions, labor shortages in major producing countries, growing EV demand for high-performance tires, and oil price volatility affecting synthetic rubber substitution.

Annual Operational Highlights

Rubber Sourcing

The company maintained stable sourcing partnerships with over 500 rubber farmers across Hainan's producing regions. Total annual procurement of fresh latex and dry rubber achieved steady growth. Through optimized sourcing networks and timely settlement mechanisms, we effectively safeguarded farmers' interests and consolidated our upstream supply chain.

Processing & Production

Our processing facility in Wuzhishan City continued to improve production processes. Key products include:

• Standard Rubber (SCR 5/SCR 10): Meeting mainstream demand from tire manufacturing
• Concentrated Latex: Supplying medical glove and latex product manufacturers
• Custom Rubber: Producing special specifications per customer requirements

Annual processing capacity utilization exceeded 85%, with product qualification rates maintained above 98%.

Sales & Service

Our sales network covers multiple provinces domestically, with major clients including tire manufacturers, rubber product makers, and medical supply companies. We also actively expanded international trade, establishing stable export channels with Southeast Asian clients.

Sustainability

Chuanfeng Rubber has always placed sustainable development at the core of our operations:

• Green Processing: Improved wastewater treatment systems, achieving water recycling and reduced emissions
• Eco-Plantations: Promoting rubber intercropping with tropical crops to maintain ecological diversity
• Farmer Training: Organized 12 technical training sessions throughout the year, covering tapping techniques and pest control
• Community Responsibility: Active participation in local rural revitalization and public welfare activities

Industry Outlook & 2025 Plans

Looking ahead to 2025, the global natural rubber market is expected to maintain moderate growth, with a projected CAGR of approximately 4.3%. The rapid development of electric vehicles and continued infrastructure expansion will provide solid support for natural rubber demand.

Chuanfeng Rubber's key priorities for 2025:

1. Capacity Expansion: Planned investment in processing equipment upgrades to increase capacity and product quality
2. Supply Chain Optimization: Expanding farmer partnership network for a more robust raw material supply system
3. Market Development: Strengthening domestic client services while actively developing international markets
4. Technology Innovation: Collaborating with research institutions to introduce advanced processing technologies and new varieties
5. Sustainable Development: Continuing to advance green production and eco-plantation initiatives