点“石”成金 期货工具助力海南矿业稳健经营

Core Viewpoint - Hainan Mining Co., Ltd. has successfully expanded its business from iron ore mining to include oil, natural gas, and renewable energy, leveraging futures tools for risk management and operational stability in a volatile market [1][2][3]. Group 1: Financial Performance - In 2024, Hainan Mining achieved a net profit of 706 million yuan, a year-on-year increase of 12.97%, and a non-recurring net profit of 680 million yuan, up 23.72% [2]. - The iron ore business remains the cornerstone, with a production of 4.91 million tons and a sales volume of 2.38 million tons, with long-term and strategic customers accounting for a nearly 20 percentage point increase in sales [2][3]. Group 2: Use of Futures Tools - Hainan Mining has effectively utilized futures tools for risk management, which has become an indispensable part of its operations, allowing for stable procurement and sales [2][4]. - The company has engaged in futures trading since the launch of iron ore futures in 2013, enhancing its resilience against price fluctuations [3][6]. Group 3: Risk Management Strategies - The company employs a strategy of adjusting inventory based on market conditions, accelerating sales when prices are high and replenishing stock when prices are low, while also implementing hedging strategies during periods of increased risk [5][6]. - Hainan Mining has also initiated foreign exchange hedging to mitigate risks associated with its growing iron ore import business [6]. Group 4: Governance and Compliance - Hainan Mining has established a robust risk control framework to support its futures trading activities, including a management system and a collaborative operational model [7][8]. - The company emphasizes a non-speculative approach to futures trading, focusing on stable profitability tailored to its specific business model and risk exposure [8].