SANY(SH:600031) Qi Huo Ri Bao·2025-12-07 16:29Core Viewpoint - Sany Heavy Industry announced its plan to continue futures hedging operations in 2026 to mitigate the adverse effects of raw material price fluctuations on production and to lock in production costs [1] Group 1: Company Actions - Sany Heavy Industry's wholly-owned subsidiary, Sany Automobile Manufacturing Co., Ltd., will engage in futures hedging, utilizing a maximum trading margin and premium of 800 million yuan and a maximum contract value of 2 billion yuan on any trading day [1] - The company will use its own funds for futures hedging and will not utilize raised funds for this purpose [1] - The hedging will involve commodities such as steel, copper, aluminum, crude oil, and rubber, which are correlated with corresponding futures varieties [1] Group 2: Industry Context - The global economic environment is complex, with significant volatility in commodity prices, leading to a strong demand for risk management among real economy enterprises [1] - The futures market is increasingly recognized for its role in serving the real economy, with rising participation from state-owned and listed companies in futures trading, characterized by comprehensive industry coverage and refined trading strategies [1] - As of now, China has listed 164 futures and options varieties, enhancing the resilience and safety of supply chains [2] - The futures market has developed the scale and capability to support the real economy, playing a crucial role in enterprise trade pricing and risk management across major sectors [2]