Core Viewpoint - The company, Zhongshan Dayang Motor Co., Ltd., is actively engaging in risk management strategies through commodity futures hedging and foreign exchange hedging, while also implementing an employee stock ownership plan to align interests between employees and shareholders [1][2][3]. Trading Information Summary - On January 9, 2026, the company's stock closed at 10.99 yuan, up 1.67%, with a turnover rate of 6.95%, trading volume of 1.2722 million shares, and a transaction value of 1.398 billion yuan [1]. - The net inflow of main funds was 13.48 million yuan, while retail investors saw a net inflow of 4.04 million yuan, indicating a positive market sentiment [4]. Company Announcements Summary - The company’s board approved the initiation of commodity futures hedging for 2028, targeting up to 22,000 tons of copper and 21,500 tons of aluminum, with maximum margins of 158 million yuan and 50 million yuan respectively [1][4]. - A foreign exchange hedging plan for 2027 was also approved, with a trading balance not exceeding 3.98 billion yuan and a maximum margin of 200 million yuan [2]. - The board approved a comprehensive credit limit application totaling up to 13.67 billion yuan and 2.4 million USD [1][4]. Employee Stock Ownership Plan Summary - The "Top Wolf Plan Phase Five" employee stock ownership plan will involve up to 95 participants, including directors (excluding independent directors), senior management, and core personnel, with a total funding not exceeding 18.38 million yuan [3][4]. - The plan allows for the purchase of up to approximately 1.6724 million shares, representing 0.07% of the company's total share capital, with a lock-up period of 12 months [3].

Core Viewpoint - The company, Broad Ocean Motor, has approved several financial strategies to mitigate risks associated with commodity prices and foreign exchange fluctuations, including commodity futures hedging for 2028 and foreign exchange hedging for 2027 [1][30]. Group 1: Commodity Futures Hedging - The company plans to hedge up to 22,000 tons of copper futures and 21,500 tons of aluminum futures for the year 2028, with maximum margin requirements of RMB 158 million and RMB 50 million respectively [2][14]. - The hedging strategy aims to stabilize production costs against the backdrop of volatile commodity prices due to geopolitical tensions and economic cycles [13][18]. - The hedging will be conducted through domestic and international futures exchanges, with a focus on copper and aluminum, which are critical raw materials for the company's operations [15][27]. Group 2: Foreign Exchange Hedging - For the year 2027, the company intends to engage in foreign exchange hedging with a maximum transaction balance of RMB 3.98 billion or equivalent foreign currency, and a maximum margin and premium of RMB 200 million [3][31]. - The primary goal of this strategy is to mitigate the adverse effects of currency fluctuations on the company's profits, especially given its significant export activities [31][36]. - The hedging will include various instruments such as foreign exchange forwards and options, ensuring that the company can manage its foreign currency exposure effectively [32][36]. Group 3: Credit Facilities - The company plans to apply for a total credit facility of up to RMB 13.67 billion and USD 2.4 million from various banks to support its operational needs [4][5]. - This credit facility will enhance the company's liquidity and financial flexibility, allowing it to better manage its day-to-day operations and strategic initiatives [4][5]. Group 4: Employee Stock Ownership Plan - The company has proposed an employee stock ownership plan to align the interests of employees with those of shareholders, promoting long-term growth and stability [6][7]. - This plan is designed to incentivize key personnel and enhance corporate governance by integrating employee interests with company performance [6][7]. Group 5: Upcoming Shareholder Meeting - The company has scheduled its first extraordinary general meeting for 2026 on January 26, where shareholders will vote on the proposed financial strategies and plans [9][47]. - The meeting will provide a platform for shareholders to express their views and participate in the decision-making process regarding the company's future direction [9][47].

Group 1 - The company, Dayang Electric, announced that it will hold its first extraordinary general meeting of shareholders for 2026 on January 26, 2026 [2]

Core Viewpoint - The company, Dayang Electric (002249), announced the approval of several key proposals during its seventh board meeting, including plans for commodity futures hedging and foreign exchange hedging, as well as a request for a comprehensive credit facility from banks [1] Group 1 - The company approved a proposal to conduct commodity futures hedging for the year 2028 [1] - The company also approved a proposal to engage in forward foreign exchange hedging [1] - A proposal was approved for the company to apply for a comprehensive credit facility from banks [1]

Core Viewpoint - The company plans to conduct copper and aluminum futures hedging operations in 2028 to mitigate the risks associated with raw material price fluctuations, with a maximum margin requirement of 208 million RMB at any given time [1]. Group 1: Hedging Scale and Types - The company intends to hedge up to 22,000 tons of copper futures and 21,500 tons of aluminum futures in 2028, with a maximum margin requirement of 158 million RMB for copper and 50 million RMB for aluminum [1][2]. Group 2: Business Background and Necessity - As a major producer of electric motors for construction and home appliances, as well as powertrain systems for electric vehicles, the company faces significant challenges due to high volatility in the prices of essential raw materials like copper and aluminum, exacerbated by geopolitical tensions and economic cycles [2]. - The primary goal of the hedging strategy is to effectively mitigate the impact of raw material price fluctuations on operational costs, ensuring supply chain security and cost control [2]. Group 3: Hedging Strategy and Implementation - The hedging operations will utilize a dual approach, engaging in domestic futures trading while also establishing a futures account at the London Metal Exchange (LME) through a foreign subsidiary to address international price volatility [3]. - The LME copper and aluminum futures have a trading cycle that can cover up to 24 months, aligning with the company's medium to long-term production needs [3]. Group 4: Risk Control and Institutional Safeguards - The company has established comprehensive management systems, including the "Securities Investment and Derivatives Trading Management System" and "Futures Trading Management System," to regulate hedging limits, types, approval authority, and management processes [4]. - Specific risk control measures have been implemented to address price fluctuations, funding, technology, customer defaults, political, and legal risks [4]. Group 5: Approval Process and Implementation Period - The hedging proposal was approved by the company's board on January 9, 2026, and does not require shareholder approval [5]. - The implementation period for the hedging operations is set from January 2028 to December 2028, with the resolution automatically extending if any transaction exceeds the decision's validity period [5].

Core Viewpoint - The company, Dayang Electric (002249.SZ), has announced the "Top Wolf Plan Phase Five" employee stock ownership plan, aiming to enhance employee engagement and align their interests with the company's performance [1] Group 1: Employee Stock Ownership Plan Details - The employee stock ownership plan will involve a maximum of 95 employees, including 5 senior management members, excluding independent directors [1] - The total amount of funds to be raised through the employee stock ownership plan is capped at 18.38 million yuan [1] - The stocks for the employee stock ownership plan will be sourced from the secondary market, including but not limited to competitive trading, block trading, and other legally permitted methods at market price [1] Group 2: Plan Duration and Conditions - The duration of the employee stock ownership plan is set for 24 months, starting from the completion of the last stock purchase as announced by the company [1] - The plan may be terminated early or extended after following the procedures outlined in the draft [1]

Core Viewpoint - The company, Dayang Electric (002249.SZ), has announced the "Phase Five Employee Stock Ownership Plan," aiming to enhance employee engagement and align interests with shareholders through a financial commitment to the company's stock [1] Group 1: Employee Stock Ownership Plan Details - The employee stock ownership plan will involve a maximum of 95 employees, including 5 senior management members, excluding independent directors [1] - The total funds to be raised through this plan will not exceed 18.38 million yuan [1] - The stocks for the plan will be acquired through the secondary market, including but not limited to competitive trading and block trades, as well as other legally permitted methods at market price [1] Group 2: Plan Duration and Conditions - The duration of the employee stock ownership plan is set for 24 months, starting from the completion date of the last stock purchase as announced by the company [1] - The plan may be terminated early or extended after following the procedures outlined in the draft [1]

中山大洋电机股份有限公司 中山大洋电机股份有限公司 "头部狼计划五期"员工持股计划管理办法 为保证中山大洋电机股份有限公司（以下简称"大洋电机"或"公司"）"头部狼计 划五期"员工持股计划（以下简称"本员工持股计划"）的顺利进行，进一步完善公司 法人治理结构，形成良好均衡的价值分配体系，激励公司董事、高级管理人员、核心骨 干人员等诚信勤勉地开展工作，推动公司业绩持续稳步提升，确保公司发展战略和经营 目标的实现，根据国家有关规定和公司实际，特制定本办法。 第一章 总则 第一条 为规范公司"头部狼计划五期"员工持股计划的实施，依据《中华人民共 和国公司法》（以下简称"《公司法》"）、《中华人民共和国证券法》（以下简称"《证券法》"）、 《关于上市公司实施员工持股计划试点的指导意见》（以下简称"《指导意见》"）、《深圳 证券交易所上市公司自律监管指引第 1 号——主板上市公司规范运作》（以下简称"《监 管指引第 1 号》"）等有关法律、行政法规、规章、规范性文件和《中山大洋电机股份有 限公司章程》（以下简称"《公司章程》"）、公司《"头部狼计划五期"员工持股计划（草 案）》之规定，特制定本管理办法。 第二章 员工持 ...

证券简称：大洋电机 证券代码：002249 中山大洋电机股份有限公司 "头部狼计划五期"员工持股计划 （草案） 二零二六年一月 "头部狼计划五期"员工持股计划（草案） 声明 本公司及董事会全体成员保证本员工持股计划及其摘要不存在虚假记载、误导性陈 述或重大遗漏，并对其真实性、准确性、完整性承担个别和连带的法律责任。 2 "头部狼计划五期"员工持股计划（草案） 2．有关本次员工持股计划的具体的资金来源、出资金额、实施方案等属初步结果， 能否完成实施，存在不确定性。 3．股票价格受公司经营业绩、宏观经济周期、国内外政治经济形势及投资者心理 等多种复杂因素影响。因此，股票交易是有一定风险的投资活动，投资者对此应有充分 准备。 敬请广大投资者谨慎决策，注意投资风险。 3 "头部狼计划五期"员工持股计划（草案） 特别提示 1．《中山大洋电机股份有限公司"头部狼计划五期"员工持股计划（草案）》系 中山大洋电机股份有限公司依据《中华人民共和国公司法》《中华人民共和国证券法》 《关于上市公司实施员工持股计划试点的指导意见》《深圳证券交易所上市公司自律监 管指引第 1 号——主板上市公司规范运作》等有关法律、行政法规、规章、规 ...

证券简称：大洋电机 证券代码：002249 中山大洋电机股份有限公司 "头部狼计划五期"员工持股计划 （草案）摘要 二零二六年一月 "头部狼计划五期"员工持股计划（草案）摘要 声明 本公司及董事会全体成员保证本员工持股计划及其摘要不存在虚假记载、误导性陈 述或重大遗漏，并对其真实性、准确性、完整性承担个别和连带的法律责任。 2 "头部狼计划五期"员工持股计划（草案）摘要 风险提示 1．中山大洋电机股份有限公司"头部狼计划五期"员工持股计划将在公司股东会 审议通过后实施，但能否获得公司股东会批准，能否达到计划规模和目标存在不确定性。 2．有关本次员工持股计划的具体的资金来源、出资金额、实施方案等属初步结果， 能否完成实施，存在不确定性。 "头部狼计划五期"员工持股计划（草案）摘要 特别提示 1．《中山大洋电机股份有限公司"头部狼计划五期"员工持股计划（草案）》系 中山大洋电机股份有限公司依据《中华人民共和国公司法》《中华人民共和国证券法》 《关于上市公司实施员工持股计划试点的指导意见》《深圳证券交易所上市公司自律监 管指引第 1 号——主板上市公司规范运作》等有关法律、行政法规、规章、规范性文件 和《公司章程》 ...