Dcenti(SH:603335) Zheng Quan Zhi Xing·2025-05-20 13:37Core Viewpoint - The company aims to conduct futures and derivatives hedging business to mitigate operational risks associated with price fluctuations of key products and raw materials, ensuring stable profit margins and operational efficiency [1][2][3]. Group 1: Transaction Purpose and Overview - The primary goal of the hedging business is to avoid and prevent risks from market price fluctuations of main products and raw materials, locking in expected profits or reducing losses from price declines [1][2]. - The hedging activities will be limited to futures and derivatives contracts related to metals such as aluminum, nickel, and lithium, as well as other raw materials relevant to the company's operations [1][3]. - The company will not engage in speculative or arbitrage trading, focusing solely on risk management [3][4]. Group 2: Transaction Amount and Funding - The maximum investment amount for the futures and derivatives hedging business will not exceed RMB 20 million at any given time, with the highest contract value held on any trading day capped at RMB 100 million [2][3]. - The funding for these activities will come from the company's own and self-raised funds, without involving raised capital [3][4]. Group 3: Approval Process - The company held a meeting on May 20, 2025, where the board of directors approved the proposal for the hedging business, which does not require shareholder approval [2][4]. - The audit committee confirmed that the hedging activities are closely related to daily operational needs and that the company has established a comprehensive management system for these activities [4][5]. Group 4: Risk Analysis and Control Measures - The company acknowledges potential risks associated with market volatility, liquidity, operational errors, and legal compliance, but emphasizes that the hedging activities are designed to minimize these risks [5][6]. - Risk control measures include establishing a robust hedging mechanism, conducting market data analysis, and implementing strict internal controls to manage funds and monitor risks [6][7]. Group 5: Impact on the Company - The hedging business is expected to enhance the company's ability to withstand price fluctuations, thereby improving financial stability without affecting the development of its core business [3][4]. - The company will adhere to relevant accounting standards for the recognition and measurement of financial instruments related to the hedging activities [7][8].