NANSHAN ALUMINIUM(SH:600219) Qi Huo Ri Bao Wang·2025-12-02 22:06Core Viewpoint - Innovation New Materials Technology Co., Ltd. plans to invest 1 billion RMB in futures and derivatives hedging business in 2026 to mitigate risks associated with price fluctuations of aluminum, copper, and casting aluminum alloys, as well as exchange rate and interest rate risks, thereby stabilizing profit levels [1][2]. Group 1: Company Strategy - The company aims to use futures, options, and financial derivatives for hedging, which has garnered significant attention in the industry and capital markets, particularly in the futures market [1]. - The maximum margin and risk fund required for the hedging activities in 2026 will not exceed 1 billion RMB, with the maximum contract value held on any trading day not exceeding 9 billion RMB [2]. - The trading of futures and options will occur at the Shanghai Futures Exchange and the London Metal Exchange, utilizing non-affiliated financial institutions for off-exchange derivatives transactions [2]. Group 2: Industry Context - The global supply chain is undergoing rapid restructuring, leading to increased volatility in commodity prices and a growing demand for risk management among industrial enterprises [1]. - As of October 9, 2025, the total funds in the futures market exceeded 2 trillion RMB, marking a 24% increase from the end of 2024, with 1,737 listed companies announcing plans to participate in the futures market, a year-on-year increase of 10.8% [1]. - Recent legal and policy developments, including the Futures and Derivatives Law and government opinions on enhancing risk prevention and promoting high-quality development of the futures market, indicate strong national support for the use of futures and derivatives in risk management [3].