MCC(SH:601618) Zheng Quan Ri Bao·2025-04-29 23:21Core Viewpoint - The company reported a significant decline in new contract signings for the first quarter of 2025, indicating potential challenges in its operational performance and market conditions [7][24]. Financial Data - The total new contracts signed in Q1 2025 amounted to RMB 2,306.61 billion, a decrease of 27.22% compared to the same period last year [7][24]. - The overseas contracts signed were RMB 120.41 billion, reflecting a decline of 35.73% year-on-year [7][24]. Shareholder Information - The company confirmed that there were no significant changes in the top ten shareholders or the status of shares available for lending during the reporting period [5][6]. Board Meeting Resolutions - The board approved the Q1 2025 report and authorized its disclosure in compliance with legal and regulatory requirements [12][13]. - The board also approved a plan for asset securitization, allowing the issuance of up to RMB 16 billion in asset-backed securities [15]. Foreign Exchange Hedging Plan - The company plans to conduct foreign exchange hedging activities with a total amount not exceeding USD 4.109 billion for the year 2025, aimed at mitigating foreign exchange risks [18][27]. - The hedging activities will include instruments such as forward contracts and currency swaps, ensuring alignment with actual business needs [33][31]. Risk Management - The company has outlined various risk management measures to address market, liquidity, and compliance risks associated with its foreign exchange hedging activities [39][40].