Changzhou Shichuang Energy (SH:688429) Sou Hu Cai Jing·2025-08-16 22:17Core Viewpoint - The company, Shichuang Energy, is actively managing its financial resources and risk exposure through strategic decisions made in recent board and shareholder meetings, including the temporary use of idle funds and the initiation of hedging activities [2][3][4]. Group 1: Financial Management - Shichuang Energy plans to use up to 40 million yuan of idle raised funds to temporarily supplement working capital, with a usage period not exceeding 12 months [2][4][6]. - The company aims to improve the efficiency of fund utilization and reduce operational costs through this measure [3][4]. Group 2: Risk Management - The company has decided to engage in commodity futures and foreign exchange hedging activities to mitigate risks associated with raw material price fluctuations and exchange rate volatility [2][4][6]. - The hedging activities will include trading in materials such as polysilicon, silver, and copper, as well as foreign exchange forward contracts, swaps, futures, and options [4][6]. - The maximum margin required for commodity futures hedging will not exceed 100 million yuan, while the foreign exchange hedging will be capped at 10 million USD or equivalent [4]. Group 3: Corporate Governance - The company held its second extraordinary general meeting of 2025 on August 11, where several important resolutions were passed, including the re-election of a non-independent director and the cancellation of the supervisory board [4][6]. - The company is also revising and establishing certain governance systems to enhance its operational framework [4]. Group 4: Market Position - As of August 15, 2025, Shichuang Energy's stock closed at 15.0 yuan, reflecting a 0.4% increase from the previous week, with a total market capitalization of 6 billion yuan [1]. - In the photovoltaic equipment sector, the company ranks 43rd out of 64, and 2824th out of 5152 in the overall A-share market [1].