伊戈尔（002922）获批开展铜期货套期保值业务 最高投入1200万元锁定原材料成本

Core Viewpoint - Igor Electric Co., Ltd. has approved a plan to engage in copper futures hedging to mitigate raw material cost volatility, aiming to stabilize profit margins amid fluctuating copper prices [1][2]. Group 1: Business Strategy - The company will utilize its own funds to conduct copper commodity futures options and derivative hedging, with a total margin and premium not exceeding 12 million yuan, and the funding period set for 12 months from the board's approval [1][3]. - Copper is a significant raw material for Igor's main products, which include energy-related distribution transformers, power transformers, and reactors, making cost stability crucial for the company's operations [2]. Group 2: Operational Guidelines - The hedging activities will be strictly limited to copper futures and options related to production operations, with the 12 million yuan limit available for rolling use within the authorized period [3]. - The management has been authorized to implement the hedging operations within the specified limits and timeframe [3]. Group 3: Risk Management - The company has identified five major risks associated with the hedging business, including market risk, liquidity risk, internal control risk, technical risk, and policy risk, and has established six control measures to mitigate these risks [4]. - Measures include adherence to hedging principles, establishment of a futures hedging leadership group, dynamic monitoring of fund scale, redundant trading systems, and regular internal audits for compliance [4]. Group 4: Compliance and Approval - The proposal was approved by the company's board of directors and does not require shareholder meeting approval, with the sponsor institution confirming that the business aims to reduce the impact of raw material price fluctuations without harming the company or shareholders' interests [5]. - Analysts suggest that this hedging strategy will enhance the stability of the company's financial statements, particularly in the context of increasing volatility in commodity prices [5].