JSSMDL(SH:603530) Zheng Quan Zhi Xing·2025-08-12 11:14Group 1 - The core viewpoint of the article is that Jiangsu Shenneng Electric Power Co., Ltd. aims to conduct financial derivatives trading to mitigate foreign exchange risks associated with its increasing overseas sales, primarily denominated in USD and EUR [1][4]. - The company plans to limit the total trading amount for financial derivatives to no more than 500 million RMB (or equivalent foreign currency) during the authorized period, allowing for rolling use of funds within this limit [1][2]. - The funding for the financial derivatives trading will come from the company's own funds and bank credit, without involving raised funds [2]. Group 2 - The trading methods will include forward contracts, futures, swaps, and options, focusing on the main settlement currencies used in the company's operations, such as USD and EUR [2]. - The trading period is set to be no more than 12 months from the date of approval by the company's board of directors [2]. - The company has established a comprehensive internal control system and risk management measures to ensure the feasibility of the financial derivatives trading business [1][3]. Group 3 - The company recognizes potential risks associated with the financial derivatives trading, including exchange rate and interest rate fluctuations, internal control risks, customer default risks, and legal risks [2][3]. - To mitigate these risks, the company will align derivatives trading with its operational needs, strictly control the scale of derivatives, and conduct regular audits of the trading activities [3]. - The conclusion drawn is that the financial derivatives trading business is necessary and feasible, as it can effectively prevent foreign exchange market risks and reduce exchange losses, thereby enhancing the company's financial stability [4].