GREE(SZ:000651) Shen Zhen Shang Bao·2025-06-20 01:33Core Viewpoint - The enthusiasm for hedging among A-share companies remains high this year due to global trade frictions, with several companies, including Fuguang Co. and Keheng Co. (300340), announcing their hedging activities [1][2]. Summary by Categories Hedging Activities - Companies are engaging in various types of hedging, including commodity and foreign exchange hedging [1]. - Fuguang Co. plans to conduct foreign exchange hedging with a maximum margin and premium of 5 million yuan, and a maximum contract value of 250 million yuan or equivalent foreign currency, funded by self-raised or self-owned funds [1]. Risk Management - The main risks associated with hedging include credit risk, stock price risk, commodity price risk, interest rate risk, and exchange rate risk, with the strongest hedging willingness observed in exchange rate and commodity price risks [1]. - Gree Electric (000651) announced a foreign exchange derivatives hedging business with a maximum margin and premium of up to 800 million USD and a maximum contract value of 8 billion USD, alongside futures hedging for bulk materials not exceeding 6 billion yuan [2]. Purpose of Hedging - Companies primarily engage in hedging to mitigate risks from exchange rate and commodity price fluctuations, thereby stabilizing gross margins and reducing financial costs [3]. - The demand for risk management is increasing among listed companies due to the volatility of commodity prices and exchange rates, with the introduction of new derivative products enhancing the hedging tools available [3].