中利集团拟开展10亿元外汇套期保值业务 应对汇率波动风险

Core Viewpoint - Jiangsu Zhongli Group plans to conduct foreign exchange hedging business with a maximum scale of 1 billion RMB or equivalent foreign currency to mitigate risks from exchange rate fluctuations in overseas operations [1][2]. Business Background and Operational Framework - The company’s overseas business involves foreign currency settlements such as USD and EUR, with increasing exchange rate volatility potentially impacting operational stability [2]. - The hedging strategy focuses on "locking in exchange rates and avoiding risks," with no speculative trading involved, ensuring that all operations are based on actual business needs [2]. - Transactions will be conducted through approved financial institutions, utilizing tools such as forward foreign exchange contracts, foreign exchange swaps, foreign exchange options, and interest rate swaps [2]. - The funding for this business will come entirely from the company’s own foreign currency funds, with no reliance on raised funds or bank credit [2]. Risk Control System - The company acknowledges two core risks associated with the hedging business: significant exchange rate fluctuations and customer default risks [3]. - A three-tier risk control mechanism has been established, including: 1. Institutional safeguards with a defined management system for foreign exchange hedging [3]. 2. An organizational structure with a foreign exchange management team led by the general manager [3]. 3. Strict control of hedging limits within the forecasted export volume, requiring approval for all transactions [3]. Market Impact Analysis - Financial experts suggest that the proposed 1 billion RMB foreign exchange hedging plan will help the company lock in future cash flows and reduce the impact of exchange rate fluctuations on profit margins [3]. - The company will comply with accounting standards to ensure transparency and compliance in reporting related to the hedging activities [3]. - The proposal is subject to approval at the upcoming shareholders' meeting, expected to conclude decision-making processes by the end of 2025 [3].