以期货为翼 “重庆鸽”在转型中稳健飞翔 | “一品一企”看期货服务实体

Core Viewpoint - The article highlights the transformation of Chongqing Ge Pai Electric Wire and Cable Co., Ltd. into a model of risk management and innovation in the traditional cable industry, leveraging futures markets to navigate price volatility and enhance operational resilience [1][12]. Company History and Transformation - Founded in 1956, Ge Pai was the first producer of electric wires and cables in Chongqing, playing a crucial role in national infrastructure during the planned economy era [2]. - The company faced severe challenges in the late 1990s, leading to a restructuring in 2001 that shifted its focus to the booming real estate market and introduced a quality-centric brand strategy [2][3]. Market Adaptation and Technological Advancements - Ge Pai has successfully transitioned from a consumer-focused (C-end) business model to a project-oriented (B-end) approach, targeting sectors like power, railways, and special equipment [4]. - The company has implemented a digital transformation, achieving a 60% increase in automation and an 18% improvement in labor efficiency through the establishment of a "digital workshop" [4][5]. Risk Management through Futures - Copper, which constitutes over 70% of production costs, has been subject to significant price fluctuations, prompting Ge Pai to adopt futures trading as a risk management strategy [7][8]. - The company established a dedicated futures trading team in 2018, enhancing its understanding and application of futures tools to stabilize operations and mitigate risks associated with raw material price volatility [9][10]. Collaborative Ecosystem and Future Outlook - Ge Pai promotes a collaborative approach with upstream and downstream partners, sharing risks and benefits through long-term contracts and joint hedging strategies [11]. - Looking ahead, the company aims to leverage futures as a strategic "risk shield" while focusing on high-quality development in line with national initiatives in new energy and smart grid sectors [12][13].