德业股份: 关于增加2025年度开展外汇套期保值业务额度的公告

Core Viewpoint - The company aims to enhance its risk management capabilities by increasing the foreign exchange hedging business limit for 2025 to mitigate foreign exchange and interest rate risks, with a proposed limit of up to 3 billion USD or equivalent currencies [1][2]. Summary by Sections 1. Overview of Foreign Exchange Hedging Business - The purpose of the foreign exchange hedging is to manage the increasing foreign exchange risks due to the company's expanding overseas operations and the complexity of international market conditions [2]. - The proposed hedging limit will increase from an equivalent of 1.5 billion USD to a maximum amount to be approved by the shareholders' meeting, allowing for rolling use of funds within this limit [2][3]. - The funding for this hedging will come from the company's own funds, without involving raised capital [2]. 2. Transaction Details - The hedging activities will include various instruments such as forward foreign exchange contracts, foreign exchange swaps, foreign exchange options, interest rate swaps, interest rate options, and other foreign exchange derivatives [3]. - The foreign currencies involved in these transactions will primarily be USD and EUR [3]. - The duration for these hedging activities will be within 12 months from the date of approval by the shareholders' meeting [3]. 3. Approval Process - The proposal for the foreign exchange hedging business has been approved in multiple board meetings and is set to be submitted for shareholder approval [3]. 4. Impact on the Company - The foreign exchange hedging business is designed to be based on the company's actual operating conditions, aiming to mitigate the impact of exchange rate fluctuations and enhance the company's risk management capabilities [5]. - The company has established strict internal approval procedures for the hedging business, ensuring that it will not have a significant adverse impact on operations [5]. 5. Accounting Treatment - The company will follow relevant accounting standards for the recognition and measurement of financial instruments related to the foreign exchange hedging activities [6][7].