晶科能源: 晶科能源关于开展套期保值业务的进展公告

Overview of Hedging Activities - The company has initiated foreign exchange hedging activities to mitigate risks associated with currency fluctuations impacting its export business, with a maximum trading balance of up to $2.5 billion for 2025 [1] - The company has also approved futures hedging activities for raw materials such as copper, aluminum, silver, tin, and polysilicon, with a maximum margin requirement of RMB 660 million for 2025 [2] Foreign Exchange Hedging Progress and Impact - As of now, the foreign exchange hedging activities have resulted in a total loss of RMB 117.49 million from completed transactions and an unrealized loss of RMB 82.30 million from ongoing transactions, while cumulative gains from these activities amount to RMB 209.50 million [2][3] - The fluctuations in exchange rates have positively impacted the company's overall performance, and these activities are not expected to affect cash flow or normal operations [3] Futures Hedging Progress and Impact - The company has experienced significant price increases in silver, leading to partial hedging of low-priced silver paste inventory to lock in profits, with total losses from futures hedging activities amounting to RMB 33.73 million, including unrealized losses of RMB 49.89 million from open positions [3][4] - Despite the volatility in raw material prices, the company's cash flow and normal operations remain unaffected [4]