西陇科学: 关于增加套期保值业务额度的公告

Core Viewpoint - The company has approved an increase in the limits for its commodity futures and options hedging business to mitigate the impact of raw material price fluctuations on its production and operating costs [2][3][4]. Summary by Sections 1. Business Purpose - The primary objective of the company's commodity futures hedging business is to reduce the uncertainty caused by fluctuations in raw material prices, particularly for products like silver nitrate and lithium iron phosphate, which are increasingly in demand due to the growth of the domestic new energy industry [2][3]. 2. Transaction Amounts - The maximum balance for margin and premiums for the hedging business has been increased from RMB 50 million to RMB 80 million, and the maximum contract value held on any trading day has been raised from RMB 500 million to RMB 600 million [2][3][4]. 3. Transaction Duration - The duration for the increased hedging business limits will remain effective for 12 months from the date of approval by the shareholders' meeting [3][4]. 4. Transaction Methods - The hedging transactions will be limited to raw materials related to the company's production, including silver and lithium carbonate, utilizing various derivative contracts such as futures and options [4]. 5. Trading Markets - The trading will occur on recognized exchanges such as the Shanghai Futures Exchange, Guangzhou Futures Exchange, and Shanghai Gold Exchange [4]. 6. Funding Sources - The funding for the hedging activities will come from the company's own funds [4]. 7. Approval Process - The increase in the hedging business limits was approved in the ninth meetings of the sixth board of directors and the sixth supervisory board, and it requires further approval from the shareholders' meeting [4][5]. 8. Risk Management Measures - The company will implement strict internal controls and risk management measures to mitigate potential risks associated with the hedging operations, including monitoring market conditions and ensuring compliance with trading regulations [5][6].