金春股份：拟开展不超5000万元期货套期保值业务

Core Viewpoint - The company plans to initiate futures hedging business to mitigate the impact of raw material price fluctuations on costs, pending shareholder approval [1] Group 1: Business Strategy - The board and supervisory board meeting is scheduled for October 24, 2025, to review the proposal for futures hedging [1] - The hedging will focus on polyester staple fiber, wood pulp, and upstream raw materials [1] - The maximum margin for this operation will not exceed 50 million yuan, valid for 12 months from the date of shareholder approval, and can be reused [1] Group 2: Financial Management - The company will utilize its own funds for this operation, emphasizing that the intention is not speculative [1] - Despite the non-speculative nature, the company acknowledges the inherent risks in the futures market and has established corresponding risk control measures [1]