Group 1 - The core point of the news is that Feima International's stock price increased by 5.99% to 4.25 CNY per share, with a trading volume of 1.009 billion CNY and a turnover rate of 9.21%, resulting in a total market capitalization of 11.31 billion CNY [1] - Feima International, established on July 9, 1998, and listed on January 30, 2008, is primarily engaged in supply chain management services and environmental new energy business, with revenue composition as follows: 81.71% from the environmental new energy sector, 11.34% from comprehensive logistics services, 6.47% from PPP project construction services, and 0.47% from trade execution services [1] Group 2 - From the perspective of major fund holdings, one fund under Huatai PineBridge has a significant position in Feima International, specifically the Huatai PineBridge CSI Environmental Governance Index (LOF) A (501030), which reduced its holdings by 669,100 shares in the third quarter, now holding 1.7238 million shares, accounting for 2.66% of the fund's net value, ranking as the fourth-largest holding [2] - The Huatai PineBridge CSI Environmental Governance Index (LOF) A (501030) was established on December 29, 2016, with a current scale of 182 million CNY, yielding a return of 21.71% year-to-date, ranking 2719 out of 4216 in its category, and a one-year return of 20.18%, ranking 2611 out of 3889 [2]

Core Viewpoint - Shenzhen Feima International Supply Chain Co., Ltd. is initiating commodity derivatives hedging business to mitigate risks associated with commodity price fluctuations and enhance financial stability, ensuring sustainable business operations [1][7]. Group 1: Hedging Business Overview - The purpose of the hedging business is closely related to the company's supply chain operations, aiming to utilize the hedging functions of the futures market [1][7]. - The main commodity types for the hedging business include energy and chemical products, with derivatives such as futures, swaps, options, and combinations of these products [2][7]. - The hedging business will primarily be conducted on domestic futures exchanges [3][7]. Group 2: Business Scale and Limits - The authorized margin and premiums for the hedging business will not exceed 10% of the audited net assets attributable to shareholders as of the end of 2024, which amounts to approximately 37.43 million yuan [4][7]. - The maximum contract value at any point will not exceed 50% of the audited revenue for 2024, equating to about 119.57 million yuan [4][7]. Group 3: Business Duration and Funding - The duration for the hedging business will be 12 months from the date of approval by the shareholders' meeting [5][7]. - The funding for the hedging business will come from the company's own funds, with a certain percentage of margin paid according to agreements with financial institutions [6][7].

证券代码：002210 证券简称：飞马国际 公告编号：2025-055 深圳市飞马国际供应链股份有限公司 关于开展商品衍生品套期保值业务的补充公告 本公司及董事会全体成员保证信息披露的内容真实、准确、完整，没有虚假记载、误 导性陈述或重大遗漏。 深圳市飞马国际供应链股份有限公司（以下简称"本公司"或"公司"）于 2025 年 10 月 29 日披露了《关于开展商品衍生品套期保值业务的公告》（公告编号： 2025-052），现就前述公告部分内容作补充披露（见下文斜体加粗文字）如下： 一、补充披露内容情况 （一）补充前： "一、期货套期保值业务情况概述 根据公司及子公司风险控制和经营发展需要，提请授权公司及子公司开展 商品衍生品套期保值业务任意时点的在手合约保证金和权利金不超过 2024 年度 末经审计的归属于上市公司股东的净资产 10%（不含标准仓单交割占用的保证金 规模），额度内可循环使用。任意时点的在手合约的最高合约价值不超过公司2024 年度经审计的营业收入的 50%。 4、套期保值业务交易期限 - 1 - 本次开展套期保值业务的期限为自公司股东大会审议通过之日起 12 个月。 5、资金来源 1、开展套期 ...

Market Overview - The environmental governance sector increased by 0.53% on October 29, with Shanghai Xiba leading the gains [1] - The Shanghai Composite Index closed at 4016.33, up 0.7%, while the Shenzhen Component Index closed at 13691.38, up 1.95% [1] Stock Performance - Notable gainers in the environmental governance sector included: - Shanghai Xiba (603200) with a closing price of 92.86, up 6.64% [1] - Baolijie (920802) at 18.51, up 6.20% [1] - Haitan Co. (603759) at 11.00, up 5.87% [1] - Fulongma (603686) at 25.57, up 5.49% [1] - Huicheng Environmental (300779) at 161.07, up 5.29% [1] - Conversely, the following stocks experienced declines: - Haixia Environmental (603817) at 7.17, down 7.00% [2] - ST Taihe (605081) at 11.23, down 4.99% [2] - Zhuojin Co. (688701) at 9.22, down 4.55% [2] Capital Flow - The environmental governance sector saw a net inflow of 339 million yuan from institutional investors, while retail investors experienced a net outflow of 178 million yuan [2][3] - Major stocks with significant capital inflows included: - Fulongma (603686) with a net inflow of 3.12 billion yuan [3] - Shanghai Xiba (603200) with a net inflow of 196 million yuan [3] - Huicheng Environmental (300779) with a net inflow of 116 million yuan [3] - Stocks with notable net outflows included: - Fulongma (603686) with a net outflow of 1.11 billion yuan from retail investors [3] - Shanghai Xiba (603200) with a net outflow of 4.51 million yuan from retail investors [3]

Core Viewpoint - Feima International (002210.SZ) reported a decline in revenue and net profit for the first three quarters of 2025, indicating potential challenges in its financial performance [1] Financial Performance - The company achieved an operating income of 162 million yuan, a year-on-year decrease of 24.89% [1] - The net profit attributable to shareholders was 14.33 million yuan, down 57.30% year-on-year [1] - The net profit attributable to shareholders after deducting non-recurring gains and losses was 12.46 million yuan, showing a significant increase of 661.75% year-on-year [1] - Basic earnings per share were reported at 0.0054 yuan [1]

Group 1 - The core point of the article is the appointment of Zhao Libin as the new General Manager of Feima International, effective from the date of the board's approval until the end of the seventh board term [1] Group 2 - The board of directors of Feima International has approved the hiring of Zhao Libin [1] - The announcement was made on the evening of October 28 [1] - The term of the new General Manager will last until the current board's term expires [1]

Core Viewpoint - The company, Feima International, announced its decision to engage in futures hedging business to mitigate risks associated with commodity price fluctuations, pending approval from the shareholders' meeting [1]. Group 1 - The company will hold its seventh board meeting on October 27, 2025, to review the proposal for futures hedging business [1]. - The proposal aims to allow the company and its subsidiaries to conduct commodity derivatives hedging activities [1]. - The resolution is subject to approval by the shareholders' meeting [1].

Core Viewpoint - Feima International reported a significant decline in revenue for Q3 2025, while net profit saw a remarkable increase, indicating a potential shift in operational efficiency despite lower sales [1] Financial Performance - For Q3 2025, the company achieved revenue of 53.15 million yuan, a year-on-year decrease of 46.51% [1] - The net profit attributable to shareholders was 11.72 million yuan, showing a substantial year-on-year increase of 6061.12% [1] - Basic earnings per share for Q3 2025 were 0.0044 yuan [1] Year-to-Date Performance - In the first three quarters of 2025, the company reported total revenue of 162 million yuan, down 24.89% compared to the previous year [1] - The net profit attributable to shareholders for the first three quarters was 14.33 million yuan, reflecting a year-on-year decline of 57.30% [1] - Basic earnings per share for the first three quarters were 0.0054 yuan [1]

飞马国际内控制度 期货套期保值业务管理制度 深圳市飞马国际供应链股份有限公司 期货套期保值业务管理制度 第一章 总则 第一条 为规范深圳市飞马国际供应链股份有限公司（以下简称"公司"）期 货套期保值业务，有效防范和化解风险，根据《中华人民共和国公司法》、《中华 人民共和国证券法》、《深圳证券交易所股票上市规则》、《深圳证券交易所上市公 司自律监管指引第七号——交易与关联交易》、《上市公司信息披露管理办法》等 法律、法规及规范性文件的有关规定，结合公司实际情况，特制定本制度。 第二条 本制度适用于公司及控股子公司。控股子公司的套期保值业务由公 司进行统一管理，未经公司审批同意，控股子公司不得开展该业务。 第三条 公司进行套期保值业务仅限于与经营相关的产品或所需原材料有 关的业务，目的是借助衍生品的价格发现和风险对冲功能，规避现货价格波动风 险，保障公司经营业务稳步发展。 （四）期货持仓时间应与现货保值所需的计价期相匹配，签订现货合同后， 相应的套期保值头寸持有时间原则上不得超出现货合同规定的时间或该合同实 际执行的时间； （五）公司应当以自己的名义设立套期保值交易账户，不得使用他人账户进 行套期保值业务； （六 ...

Group 1 - The core viewpoint of the article highlights the financial performance of Feima International, indicating a significant decline in revenue and net profit for the third quarter of 2025 compared to the previous year [1] Group 2 - Feima International reported revenue of approximately 162 million yuan for the first three quarters of 2025, representing a year-on-year decrease of 24.89% [1] - The net profit attributable to shareholders of the listed company was approximately 14.33 million yuan, reflecting a year-on-year decrease of 57.3% [1] - The basic earnings per share were 0.0054 yuan, which is a decrease of 57.14% year-on-year [1] - As of the report date, Feima International's market capitalization stood at 10.4 billion yuan [1]