Core Viewpoint - The company announced the issuance of its eighth short-term financing bond for the year 2025 on September 2, 2025 [2] Group 1 - The company is named Wuchan Zhongda [2] - The announcement was made on the evening of September 4 [2] - The financing bond is categorized as a super short-term financing bond [2]

本公司董事会及全体董事保证本公告内容不存在任何虚假记载、误导性陈 述或者重大遗漏，并对其内容的真实性、准确性和完整性承担个别及连带责任。 公司于 2024 年 4 月 26 日召开十届十六次董事会，2024 年 5 月 21 日召开 2023 年年度股东大会，审议通过了《关于申请注册发行 2024-2026 年度债务融资工具 的议案》，同意公司向中国银行间市场交易商协会（以下简称"交易商协会"） 申请注册发行债务融资工具。内容详见 2024 年 4 月 27 日和 2024 年 5 月 22 日在 证券代码：600704 证券简称：物产中大 编号：2025-062 物产中大关于2025年度第八期超短期融资券 发行情况的公告 下： 物产中大集团股份有限 名称 公司 2025 年度第八期超 简称 25 物产中大 SCP008 短融 代码 012582153 期限 177 天 起息日 2025 年 9 月 3 日 兑付日 2026 年 2 月 27 日 计划发行总额 20 亿元 实际发行总额 20 亿元 发行利率 1.64% 发行价格 100.00 元/百元面值 主承销商 上海浦东发展银行股份有限公司 联席主承销商 ...

证券代码：600704 证券简称：物产中大 编号：2025-062 | 名称 | 物产中大集团股份有限 公司2025年度第八期超 | 简称 | 25 物产中大 SCP008 | | --- | --- | --- | --- | | | 短融 | | | | 代码 | 012582153 | 期限 | 177 天 | | 起息日 2025 | 年 9 月 3 日 | 兑付日 | 2026 年 2 月 27 日 | | 计划发行总额 | 20 亿元 | 实际发行总额 | 20 亿元 | | 发行利率 | 1.64% | 发行价格 | 100.00 元/百元面值 | | 主承销商 | 上海浦东发展银行股份有限公司 | | | | 联席主承销商 | 中国光大银行股份有限公司 | | | 物产中大关于2025年度第八期超短期融资券 发行情况的公告 特此公告。 物产中大集团股份有限公司董事会 本公司董事会及全体董事保证本公告内容不存在任何虚假记载、误导性陈 述或者重大遗漏，并对其内容的真实性、准确性和完整性承担个别及连带责任。 2025 年 9 月 5 日 公司于 2024 年 4 月 26 日召开十届十六次董事会，2 ...

证券代码：600704 证券简称：物产中大 公告编号：2025-061 物产中大集团股份有限公司关于下属控股公司 申请挂牌新三板的进展公告 本公司董事会及全体董事保证本公告内容不存在任何虚假记载、误导性陈述或者重大遗漏，并对其内容 的真实性、准确性和完整性承担法律责任。 一、下属控股公司申请挂牌新三板的情况概述 （一）基本情况 物产中大集团股份有限公司（以下简称"公司"）下属控股公司安徽舜富精密科技股份有限公司（以下简 称"舜富精密"）拟申请在全国中小企业股份转让系统（以下简称"新三板"）挂牌并公开转让，并授权舜 富精密具体办理相关事宜。 （二）审批程序说明 根据《上海证券交易所股票上市规则》及《公司章程》等相关规定，本次舜富精密申请挂牌新三板已经 公司办公会审议通过，无需提交公司董事会、股东大会审议。 登录新浪财经APP 搜索【信披】查看更多考评等级 二、进展情况 舜富精密于近日收到全国中小企业股份转让系统有限责任公司出具的《受理通知书》（文号： GP2025090004）。舜富精密报送在全国中小企业股份转让系统挂牌的申请材料，经审查符合《非上市 公众公司信息披露内容与格式准则第2号一一公开转让股票申请文件 ...

Group 1 - The company Anhui Shunfu Precision Technology Co., Ltd. is planning to apply for listing on the National Equities Exchange and Quotations (NEEQ), also known as the New Third Board [1] - The application for listing has been approved by the company's office meeting and does not require further approval from the board of directors or shareholders [1] - Shunfu Precision has recently received an acceptance notice from the NEEQ, indicating that its application materials meet the relevant requirements for public transfer of stocks [1]

证券代码：600704 证券简称：物产中大 公告编号：2025-061 物产中大集团股份有限公司关于下属控股公司 舜富精密申请新三板挂牌，尚须经相关监管部门的审查程序，能否完成具有 一、下属控股公司申请挂牌新三板的情况概述 （一）基本情况 物产中大集团股份有限公司（以下简称"公司"）下属控股公司安徽舜富精 密科技股份有限公司（以下简称"舜富精密"）拟申请在全国中小企业股份转让 系统（以下简称"新三板"）挂牌并公开转让，并授权舜富精密具体办理相关事 宜。 （二）审批程序说明 根据《上海证券交易所股票上市规则》及《公司章程》等相关规定，本次舜 富精密申请挂牌新三板已经公司办公会审议通过，无需提交公司董事会、股东大 会审议。 二、进展情况 舜富精密于近日收到全国中小企业股份转让系统有限责任公司出具的《受理 通知书》（文号：GP2025090004）。舜富精密报送在全国中小企业股份转让系统 挂牌的申请材料，经审查符合《非上市公众公司信息披露内容与格式准则第 2 号——公开转让股票申请文件》的相关要求，现予受理。 三、风险提示 申请挂牌新三板的进展公告 本公司董事会及全体董事保证本公告内容不存在任何虚假记载、误导性陈 ...

Core Viewpoint - The futures market is increasingly recognized as a vital tool for risk management and resource optimization across various entities, including state-owned enterprises, which are leveraging these tools to enhance the resilience of the industrial chain and support high-quality economic development [2][3][15]. Group A: Role of Futures in Risk Management - Futures tools are not merely financial instruments but essential risk management tools rooted in the industry, with state-owned enterprises playing a significant role in optimizing the industrial ecosystem [3][4]. - The application of futures tools by companies like Wuchan Zhongda Chemical has demonstrated their effectiveness in stabilizing operations amidst significant commodity price fluctuations [4][5]. - Wuchan Zhongda Chemical has established a comprehensive risk control system that includes variety access, risk warning, and position monitoring to ensure all transactions align with physical operations, thereby preventing speculative behavior [4][5]. Group B: Innovations in Futures Application - Wuchan Zhongda Chemical has evolved from single hedging to a diversified futures ecosystem, creating a research institute that integrates research, trading, and operations to enhance its competitive edge [7][8]. - The company employs various models, including basis trading and option trading, to manage price risks effectively, with 95% of its liquefied gas transactions in 2024 utilizing basis trading [7][8]. - The innovative approach of combining futures pricing with basis trading has allowed Wuchan Zhongda Chemical to optimize costs and support traditional distributors in transitioning from losses to profits [9][10]. Group C: Challenges and Opportunities in Futures Participation - State-owned enterprises face challenges in participating in the futures market, including a lack of understanding among external auditors and regulatory bodies regarding derivative products, which increases communication costs [11][12]. - The balance between market responsiveness and compliance management is a significant challenge for state-owned enterprises, necessitating a careful approach to risk control while adapting to market changes [11][12]. - Companies like Fuhai Chuang have developed risk assessment mechanisms to evaluate futures products, ensuring that participation in hedging activities remains within manageable risk limits [12][13]. Group D: Future Directions for State-Owned Enterprises - The participation of state-owned enterprises in the futures market is expected to expand, with a growing recognition of the market's functions in risk management and resource allocation [15][16]. - To enhance the integration of state-owned enterprises with the futures market, it is recommended to build collaborative ecosystems, reform regulatory frameworks, and cultivate talent that understands both futures and physical markets [16][17]. - The ongoing efforts of state-owned enterprises in utilizing futures tools are anticipated to significantly improve the resilience of the entire industrial chain, contributing to the high-quality development of the real economy [17].

2025年7月11日至2025年8月28日，物产中大的加权均价为5.786元。经计算，浙商证券资管-浙江省 国有资本运营有限公司-浙商资管浙江国有上市公司高质量发展单一资产管理计划的减持金额为3.83亿 元。 （责任编辑：田云绯） 中国经济网北京9月1日讯 物产中大(600704.SH)近日发布关于持股5%以上股东权益变动触及1%刻 度的提示性公告。 物产中大于2025年8月28日收到控股股东浙江省国有资本运营有限公司（以下简称"国资公司"）出 具的《关于权益变动比例触及1%刻度的告知函》，国资公司一致行动人浙商证券资管-浙江省国有资本 运营有限公司-浙商资管浙江国有上市公司高质量发展单一资产管理计划于2025年7月11日至2025年8月 28日通过集中竞价方式累计减持集中竞价增持的物产中大66,109,939股，减持股份比例约占公司总股本 的1.28%，国资公司及其一致行动人持股比例从27.85%减少至26.57%，其权益触及1%整数倍。 | 投资者名 | 变动前股数 | 变动前 | 变动后股数 | 变动后 | 权益变动 | 权益变动的 | 资金来 | | --- | --- | --- | --- | - ...

Core Viewpoint - The increasing volatility in global financial markets has led to a heightened focus on risk management through hedging strategies among listed companies, with a notable rise in the number of companies utilizing derivative instruments for risk management [1][2]. Summary by Relevant Sections Growth in Hedging Activities - In the first seven months of 2025, 1,383 A-share listed companies issued announcements related to hedging, representing a year-on-year increase of 15.7% [2]. - Companies addressing exchange rate, interest rate, and commodity price risks saw respective increases of 13%, 16%, and 13% in the number of announcements [2]. Types of Risks Managed - Exchange rate risk is a significant concern, with 80% of A-share companies mentioning it in their hedging announcements [2]. - The focus on interest rate risk has been increasing, reflecting a growing awareness among companies during the global interest rate decline [2][3]. Commodity Hedging Trends - Common commodities for hedging include copper, aluminum, steel, lithium carbonate, and silver, with a notable increase in companies mentioning lithium carbonate futures [2]. - New commodity futures listed in 2024 have also been included in hedging strategies, with six companies explicitly hedging bottle chip futures in the first half of 2025 [2]. Industry Participation - Manufacturing companies, particularly in the chemical and agricultural processing sectors, are the primary participants in hedging activities [3]. - There has been a shift in how companies evaluate the effectiveness of hedging, moving from a focus solely on profit and loss to a more comprehensive assessment of fair value changes [3]. Successful Hedging Examples - Companies like Jinlongyu, Zhejiang Zhongtuo, Daodaquan, and Nangang have reported significant profits from their hedging activities, with Jinlongyu achieving a profit of 5.8 billion yuan from its hedging tools [4][5]. - Supply chain companies such as Wucai Zhongda and Xiamen Xiangyu also reported substantial gains from their hedging strategies, with reported amounts of 2.062 billion yuan and 614 million yuan, respectively [5]. Transparency and Regulation - New guidelines from the Shanghai and Shenzhen Stock Exchanges require companies to disclose the combined profits and losses from hedging tools and underlying projects starting in 2024, enhancing transparency in hedging activities [5]. - Increased transparency in hedging disclosures is expected to improve investor understanding and confidence in company operations [5]. Recommendations for Companies - Companies are advised to adopt a systematic approach to hedging, starting with top-level design and team establishment, and gradually implementing hedging strategies [7]. - It is recommended that companies engage external experts to guide them through the complexities of hedging and to learn from industry best practices [7]. - A phased approach to hedging, beginning with small-scale pilots, is suggested to refine processes and build expertise [7].

证券代码：600704 证券简称：物产中大 公告编号：2025-060 物产中大关于持股 5%以上股东权益变动触及 1%刻度 的提示性公告 2.信息披露义务人信息 | | | | 一致行动人名称 | | 投资者身份 | 统一社会信用代码 | | --- | --- | --- | --- | | | ☑ | 控股股东/实控人 | | | 浙江省国有资本运营 | □ | 控股股东/实控人的一致 | ☑ 91330000798592788H | | 有限公司 | 行动人 | | □ 不适用 | | | □ | 其他直接持股股东 | | 本公司董事会及全体董事保证公告内容与信息披露义务人提供的信息一 致。 重要内容提示： | 权益变动方向 | 比例增加□ | | 比例减少☑ | | --- | --- | --- | --- | | 权益变动前合计比例 | 27.85% | | | | 权益变动后合计比例 | 26.57% | | | | 本次变动是否违反已作出的承 诺、意向、计划 | 是□ | 否☑ | | | 是否触发强制要约收购义务 | 是□ | 否☑ | | 一、 信息披露义务人及其一致行动人的基本信息 1 ...