NBJF(603997) 证券之星·2025-03-28 10:55Core Viewpoint - The company plans to conduct foreign exchange hedging activities in 2025 to mitigate the impact of currency fluctuations on its financial performance, with a maximum contract value of €1.201 billion or approximately ¥9.306 billion [1][2]. Group 1: Overview of Foreign Exchange Hedging - The purpose of foreign exchange hedging is to protect the company from adverse effects of currency fluctuations on its global operations and financing costs [2]. - The maximum contract value for any trading day is set at €1.201 billion or approximately ¥9.306 billion, with the ability to roll over this amount within the authorized period [2][3]. Group 2: Funding and Transaction Methods - Funding for the hedging activities will primarily come from financial institution credit and the company's own funds, without involving raised capital [3]. - The hedging activities will include various methods such as forward contracts, swaps, options, and other foreign exchange derivatives, involving currencies like Euro, USD, Czech Koruna, and Polish Zloty [3]. Group 3: Authorization and Procedures - The board of directors will seek authorization from the shareholders' meeting to implement the hedging activities within the approved limits, with a maximum authorization period of 12 months [3]. - The proposal for the hedging activities has been approved by the board and will be submitted for shareholder approval [4]. Group 4: Risk Analysis and Control Measures - The company emphasizes that it will not engage in speculative trading and will base its hedging activities on actual business operations to mitigate currency risks [4]. - Risk control measures include clear management principles, internal procedures, and reporting systems to effectively manage and control the risks associated with foreign exchange hedging [4]. Group 5: Impact on the Company - The foreign exchange hedging activities are expected to enhance the company's ability to manage currency risk without affecting normal business operations or cash flow [4]. - The company has established a management system for foreign exchange hedging in compliance with relevant accounting standards and regulations [5].