华盛锂电: 华泰联合证券有限责任公司关于江苏华盛锂电材料股份有限公司开展外汇衍生品交易额度预计事项的核查意见

Core Viewpoint - The company, Jiangsu Huasheng Lithium Battery Materials Co., Ltd., is planning to engage in foreign exchange derivative trading to mitigate foreign exchange risks associated with its significant export business, aiming to enhance the efficiency of foreign currency usage and reduce financial costs [1][2][7] Group 1: Trading Overview - The primary purpose of the trading is to hedge against foreign exchange market risks and prevent adverse impacts from significant exchange rate fluctuations on the company's operational performance [1] - The total amount for foreign exchange derivative trading is expected to not exceed USD 25 million or its equivalent in other currencies within a 12-month period [2][3] - The company will utilize its own funds for these transactions, avoiding the use of raised funds or bank credit [2] Group 2: Trading Methodology - The company will adhere to principles of hedging and neutral management of exchange rate risks, opting for straightforward and liquid derivative instruments such as foreign exchange forwards, swaps, and options [2][3] - The trading period is valid for 12 months from the approval date by the board, with the ability to roll over funds within the approved limits [2][3] Group 3: Risk Analysis and Control Measures - The trading activities face market risks, including the potential inability to execute contracts at agreed prices, leading to unhedged risk exposures [3] - Risk control measures include defined decision-making authority for purchasing foreign exchange forward contracts and regular reporting of trading activities to the management team [4][6] Group 4: Impact on the Company - Engaging in foreign exchange derivative trading is expected to enhance the company's ability to manage foreign exchange volatility risks, thereby improving financial stability and protecting profit margins [6][7] - The accounting treatment for these transactions will comply with relevant financial regulations and standards, ensuring proper recognition and measurement of financial instruments [6]