四川福蓉科技股份公司关于全资子公司开展套期保值业务的公告

Core Viewpoint - The company aims to mitigate raw material price fluctuation risks through futures hedging, ensuring stable operations [2][4]. Group 1: Transaction Overview - The subsidiary, Fujian Furongyuan Recycling Resources Development Co., Ltd., plans to conduct aluminum futures hedging for the year 2025 [4][15]. - The trading instrument will be futures contracts, specifically for aluminum ingots, with a maximum margin amounting to RMB 4.8 million [3][5]. - The trading will take place on the Shanghai Futures Exchange [7]. Group 2: Approval Process - The board of directors approved the hedging proposal during meetings held on September 1, 2025, with unanimous votes in favor [10]. Group 3: Risk Analysis - The company acknowledges several risks associated with futures trading, including market risk, operational risk, liquidity risk, internal control risk, and technical risk [11][12]. Group 4: Risk Control Measures - The subsidiary will align hedging activities with its production needs, ensuring that futures contracts match the pricing periods of physical goods [13]. - Strict internal controls will be implemented to manage funds and ensure compliance with the approved margin limits [14]. - A reporting and internal audit mechanism will be established to oversee the hedging activities and ensure adherence to company policies [14]. Group 5: Impact on the Company - Engaging in commodity hedging will allow the company to leverage the price and risk hedging functions of the futures and options markets, thereby stabilizing production costs [15].