Group 1 - The A-share market saw a collective rebound on February 12, with the electric grid equipment sector experiencing a strong surge, particularly the electric grid equipment ETF (159326), which rose by 3.81% and achieved a transaction volume of 984 million yuan [1] - The electric grid equipment ETF (159326) is the only ETF tracking the China Securities Electric Grid Equipment Index, with over 78% of its holdings in electric grid equipment, making it the purest electric grid index in the market. Its scale has rapidly grown to 17.113 billion yuan, the largest among electric grid-related ETFs [1] - High-level meetings emphasized the need for state-owned enterprises to actively expand effective investment in computing power and promote the synergy between "computing power + electricity," which is expected to drive upgrades in electricity infrastructure [1] Group 2 - The global investment in electric grids is expected to continue growing to address the increasing share of wind and solar power, with a significant rise in demand for grid equipment due to the rapid growth of the wind and photovoltaic industries [2] - In developed economies, over 20% of electric grid equipment is over 20 years old, indicating a pressing need for upgrades. Domestic electric grid equipment companies are likely to benefit from the increased investment in electric grids, while overseas export business is expected to remain stable [2] Group 3 - The electric grid equipment ETF (159326) has a high weighting of 90% in smart grid and 67% in ultra-high voltage, both of which are the highest in the market [3] - The green electricity ETF (562550) is the largest in its index, packaging leading companies in the electricity sector, including clean energy firms and traditional energy sources [3] - The public utility ETF (159301) is the largest public utility-themed ETF in the market, with a 90.8% weighting in the electricity sector, characterized by high dividends and stable growth attributes [3]

Group 1 - The optical fiber and cable sector experienced a significant surge, with companies like Hancable and Tongding Interconnection hitting the daily limit up [1] - Other notable stocks in the sector, such as Guangku Technology and Zhishang Technology, also showed substantial gains [1]

Group 1 - The core viewpoint of the articles is that Qingdao Hancable Co., Ltd. plans to engage in futures and derivatives hedging business to mitigate the impact of price fluctuations in copper and aluminum on its operations, with a maximum margin limit of 280 million RMB [1][2][4] Group 2 - On February 6, 2026, Hancable's stock closed at 5.86 RMB, up 3.35%, with a turnover rate of 6.72% and a trading volume of 2.2345 million shares, amounting to a transaction value of 1.316 billion RMB [1] - The company reported a net inflow of 79.7772 million RMB from main funds, indicating significant accumulation [1][4] - The board of directors approved the hedging business proposal without the need for shareholder meeting approval, emphasizing the urgency and importance of this strategy [1][2] Group 3 - The hedging business will involve trading in aluminum and copper futures, including LME aluminum and copper, through qualified financial institutions, with a trading period of 12 months from board approval [2] - The company has established a dedicated organization and management system for futures and derivatives, ensuring strict adherence to risk control measures and accounting standards [3][2] - The management system prohibits speculative trading and emphasizes that margin levels should align with procurement costs, ensuring responsible financial practices [3]

Group 1 - The fusion industry is entering an accelerated phase driven by policy support and capital expenditure, with major countries expected to introduce fusion policies by 2025, marking a shift from laboratory research to industrial layout and regulatory framework construction [2][9] - Domestic policy support for controllable nuclear fusion is forming a clear advancement logic, with a national framework being established to optimize regulatory processes and provide clear guidance for technological research and development [6][8] - The superconducting materials landscape is characterized by a parallel development of low-temperature superconductors (NbTi, Nb₃Sn) and high-temperature superconductors (REBCO), with low-temperature superconductors currently supporting existing fusion operations and high-temperature superconductors poised to become key for next-generation high-field fusion technology breakthroughs [2][3][27] Group 2 - The magnet system is a core cost component of fusion projects, with the ITER project showing that component costs account for 86%, of which magnets represent 28%, primarily due to the reliance on high-cost low-temperature liquid helium for cooling [3][55] - In high-temperature superconducting projects, the cost of the magnet system is expected to increase further, as seen in the ARC project where the magnet system accounts for 46% of the total cost [57] - The global market for second-generation high-temperature superconducting tapes used in controllable nuclear fusion devices is projected to grow from 300 million yuan in 2024 to 4.9 billion yuan by 2030, with a compound annual growth rate (CAGR) of 59.3% from 2024 to 2030 [3][65] Group 3 - Investment recommendations focus on the magnet segment of the fusion system, which is currently transitioning from low-temperature to high-temperature technology, indicating a significant demand increase driven by the capital expenditure cycle in nuclear fusion [3][8] - The BEST project, aimed at bridging the gap between experimental and demonstration reactors, is expected to accelerate capital expenditure, with significant procurement activities already underway [59][63] - The global market for superconducting materials is expected to see substantial growth, driven by the increasing demand for high-temperature superconductors in fusion applications, with REBCO materials showing significant potential for enhancing magnetic field strength and reducing magnet size [27][31]

（编辑 任世碧） 证券日报网讯 2月6日，汉缆股份发布公告称，公司于2026年2月6日召开的第七届董事会第二次会议审 议通过《关于开展期货及衍生品套期保值业务的议案》，为有效管理原材料及产品价格波动风险，公司 及子公司拟在合理范围内开展期货及衍生品套期保值业务。公司开展期货及衍生品套期保值业务，占用 的保证金最高额度不超过人民币28，000万元（不含标准仓单交割占用的保证金规模），在上述额度及 决议有效期内，可循环滚动使用，任一时点的交易金额（含前述交易的收益进行再交易的相关金额）不 得超过已审议额度。 ...

青岛汉缆股份有限公司 期货及衍生品管理制度 青岛汉缆股份有限公司 期货及衍生品管理制度 第一章 总则 第一条 为规范青岛汉缆股份有限公司（以下简称"本公司"或"公司"） 及子公司期货和衍生品交易行为，防范期货和衍生品交易风险，根据《中华人民 共和国公司法》《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1号——主板上市公司规范运作》及《公司章程》的规定，制定本管 理制度。 （二）进行衍生品业务可以根据业务实际情况具体选择场内市场或场外市场； （三）进行期货、期权、衍生品业务的品种限于公司生产经营所需的铜、铝 等有色金属原材料； 1 青岛汉缆股份有限公司 期货及衍生品管理制度 第二条 本管理制度适用于青岛汉缆股份有限公司（以下简称"本公司"或 "公司"）及所有子公司。 本制度所称套期保值业务，是为管理公司生产采购成本、实现预销售或规避 存货跌价风险而通过境内外期货交易所或其他合法经营机构挂牌交易的期货合约、 互换合约、远期合约、场内或场外期权等金融衍生品工具，达成相关品种的商品 期货及衍生品交易；本制度所称期货交易是指以期货合约或者标准化期权合约为 交易标的的交易活动；本制度所称衍生品交易 ...

证券代码：002498 证券简称：汉缆股份 公告编号：2026-005 青岛汉缆股份有限公司 关于开展期货及衍生品套期保值业务的公告 本公司及董事会全体成员保证信息披露内容的真实、准确和完整，没有虚假记载、误导 性陈述或重大遗漏。 重要内容提示： 1、交易基本情况：为有效管理原材料及产品价格波动风险，2026 年公司及 子公司拟开展与公司生产经营相关的等铜、铝等有色金属交易品种的期货及衍生 品套期保值业务，占用的保证金最高额度不超过人民币 28,000 万元(不含标准 仓单交割占用的保证金规模)，在上述额度及决议有效期内，可循环滚动使用。 2、审议程序：此事项已经公司第七届董事会第二次会议审议通过，无需提 交公司股东会审议。 3、风险提示：开展期货及衍生品套期保值业务有利于降低原材料及产品价 格波动对公司生产经营的影响，但同时也可能存在市场风险、流动性风险、技术 风险等，敬请广大投资者注意投资风险。 青岛汉缆股份有限公司（以下简称"公司"）于 2026 年 2 月 6 日召开的第七 届董事会第二次会议审议通过《关于开展期货及衍生品套期保值业务的议案》， 为有效管理原材料及产品价格波动风险，公司及子公司拟在合理 ...

可行性分析报告 青岛汉缆股份有限公司（以下简称"公司"）2026 年拟开展期货及衍生品套 期保值业务，充分利用金融市场工具提升公司防御风险能力，降低铜、铝等原材 料价格波动对公司经营及业绩的影响，保障公司稳健经营，其相关必要性与可行 性分析如下： 一、公司开展期货及衍生品套期保值业务的目的及必要性 公司开展期货及衍生品套期保值业务是为了规避铜、铝原材料价格波动对公 司生产经营带来的重大影响，相关业务开展均不以投机为目的。 公司的业务经营中涉及到较大体量的铜、铝等原材料采购。上述各类原材料 市场价格波动均较大，容易对公司经营产生较大影响。为保持公司经营业绩持续 稳定，规避和转移现货市场的价格波动，公司开展铝、铜、LME 伦铝、LME 伦铜 等期货套期保值业务。公司按照生产经营计划使用自有资金，围绕主营业务进行 套期保值，可降低金属价格波动对经营业绩的影响，增强核心竞争力，实现可持 续发展。 青岛汉缆股份股份有限公司 关于开展期货及衍生品套期保值业务 公司拟开展期货及衍生品套期保值业务，在相应品种上的套保数量将严格遵 循不超过实际业务发生规模的原则，充分利用金融市场工具提升公司防御风险能 力，确保公司稳健经营。 ...

证券代码：002498 证券简称：汉缆股份 公告编号：2026-004 一、《关于修订<期货及衍生品管理制度>的议案》 表决情况：同意 9 票，反对 0 票，弃权 0 票。 表决结果：通过。 具体内容详见公司于巨潮资讯网（www.cninfo.com.cn）披露的《期货及衍 生品管理制度》。 该议案无需提交股东会审议通过。 青岛汉缆股份有限公司 第七届董事会第二次会议决议公告 本公司及董事会全体成员保证信息披露内容的真实、准确和完整，没有虚假记载、误导 性陈述或重大遗漏。 青岛汉缆股份有限公司（以下简称"公司"）第七届董事会第二次会议于 2026 年 2 月 6 日 10 点在公司四楼会议室召开。本次会议以现场会议方式召开。本次 会议由公司董事长张立刚先生召集和主持，会议通知已于 2026 年 2 月 3 日以书 面、传真加电话确认等方式向全体董事发出。本次会议应到董事九人，实到董事 九人。本次会议的召集、召开符合有关法律、行政法规、部门规章、规范性文件 和公司章程的规定。 本次会议审议事项如下： 2026 年 2 月 6 日 二、《关于开展期货及衍生品套期保值业务的议案》 公司董事会同意公司及子公司开展铜、 ...

格隆汇2月6日丨汉缆股份(002498.SZ)在投资者互动平台表示，公司暂无产品可用于商业航天领域；氢 能产品可应用于无人机领域，目前相关销售额占公司整体营收比例较小，对公司业绩暂未构成显著影 响。公司会结合自身战略审慎研究评估相关领域机会。 ...