SANYOU CORP.(SZ:300932) Zheng Quan Zhi Xing·2025-07-18 16:30Core Viewpoint - The company plans to adjust its commodity futures hedging business for 2025 by increasing the use of options trading to mitigate the adverse effects of price fluctuations in copper and silver on its operations [1][2][7]. Group 1: Business Overview - The company aims to conduct commodity futures and options hedging to effectively control market risks and reduce the impact of raw material price volatility on production costs and product pricing [2][3]. - The maximum balance for margin and premiums for the hedging business is set at RMB 20 million, with a usage period from the board's approval date until March 3, 2026 [2][3][6]. Group 2: Risk Management - The company emphasizes that the hedging activities will not be for speculative purposes but will focus on risk mitigation related to raw material price fluctuations [3][4]. - Specific risk control measures include optimizing the scale and duration of hedging, adhering to internal control systems, and enhancing the professional knowledge of personnel involved in hedging activities [4][5]. Group 3: Approval Process - The board of directors and the supervisory board have both approved the adjustment of the hedging business, confirming that the procedures comply with relevant laws and regulations [6][7]. - Independent directors also supported the decision, highlighting that the adjustments would not harm the interests of the company or its shareholders [7].