Sany Renewable Energy (SH:688349) Xin Lang Cai Jing·2025-08-28 14:37Core Viewpoint - Sany Renewable Energy Co., Ltd. has announced an increase in its futures hedging business limit to mitigate the adverse effects of raw material price fluctuations on its operations [1][3]. Group 1: Business Expansion - The company has raised the maximum balance of margin and premium for its futures hedging business from RMB 100 million to RMB 150 million [1]. - The maximum contract value held on any trading day has been increased from RMB 100 million to RMB 300 million [1]. - The funding for this increase will come from the company's own funds, which can be recycled within the specified limits [1]. Group 2: Purpose and Strategy - The primary goal of the futures hedging business is to avoid significant adverse impacts from raw material price volatility, rather than for speculative purposes [1]. - The commodities involved in the hedging include major raw materials related to the company's production, such as tin, nickel, and copper [1]. Group 3: Risk Management - The company acknowledges that futures hedging transactions carry certain risks, including price fluctuation risk and liquidity risk [2]. - To mitigate these risks, the company has implemented a series of measures, including aligning the hedging scale with its operational business and establishing a management system for futures hedging [2]. - The company will maintain strict approval and execution procedures for its hedging operations, ensuring they align with the annual business plan [2][3].