万里石: 厦门万里石股份有限公司关于开展外汇套期保值业务的可行性分析报告

Group 1 - The company plans to conduct foreign exchange hedging to mitigate risks associated with currency fluctuations impacting its operations [1][2] - The hedging activities will be limited to a maximum of $10 million or equivalent in other currencies, with the ability to roll over this amount within a 12-month period [1][2] - The company will utilize its own funds or a certain proportion of bank credit for these hedging activities, avoiding the use of raised funds [2] Group 2 - The necessity and feasibility of the hedging activities are underscored by the company's significant export business, which is affected by international political and economic uncertainties [2][4] - The company has established a foreign exchange hedging management system to ensure structured operations and has implemented specific risk control measures [3][4] - The company will adhere to principles of locking in exchange rate risks and will not engage in speculative trading [2][3] Group 3 - The company acknowledges potential risks associated with foreign exchange hedging, including discrepancies between locked-in rates and actual transaction rates, which could lead to exchange losses [2][3] - Operational complexities and the potential for inaccurate payment forecasts due to changes in customer or supplier orders may increase exchange risk exposure [3] - The company has set clear internal controls and audit processes to monitor the effectiveness and financial implications of the hedging activities [3][4]