PRET(SZ:002324) Shang Hai Zheng Quan Bao·2025-03-17 18:56Core Viewpoint - Shanghai Pulite Composite Materials Co., Ltd. plans to conduct commodity futures and options hedging business in 2025 to mitigate the impact of raw material price fluctuations on its operations [2][10]. Group 1: Basic Information - The company intends to use its own funds for the hedging business, specifically for raw materials directly related to its production, such as polypropylene (PP) [2][5]. - The total amount of funds (margin) allocated for this hedging business will not exceed 100 million yuan [2][4]. - The board of directors approved the hedging business during its 37th meeting on March 17, 2025, and it does not require shareholder approval [2][11]. Group 2: Investment Purpose and Strategy - The primary objective of the hedging business is to effectively avoid adverse impacts from raw material price volatility, thereby enhancing operational stability and sustainability [2][10]. - The company will not engage in speculative trading, ensuring that the hedging activities do not interfere with its main business operations [3][10]. Group 3: Risk Management - The company acknowledges potential risks associated with the hedging business, including price volatility risk, funding risk, internal control risk, and technical risk [8]. - To mitigate these risks, the company has established a comprehensive management system for the hedging business, which includes clear regulations on limits, product scope, approval processes, and internal audits [9][11]. Group 4: Financial and Accounting Policies - The accounting policies and disclosure principles related to the hedging business will comply with the relevant regulations set by the Ministry of Finance of the People's Republic of China [7]. - The company will determine the fair value of the hedging business in accordance with applicable accounting standards [10]. Group 5: Feasibility and Approval Process - The company has a robust internal control and risk management system in place, making the hedging business feasible and beneficial for its operations [11]. - The independent directors have reviewed and approved the hedging business, confirming that it aligns with national laws and regulations [12][17].