新奥天然气股份有限公司关于2026年度外汇套期保值额度预计的公告

Group 1: Foreign Exchange Hedging Plan - The company plans to conduct foreign exchange hedging to manage risks associated with foreign currency financing, dividend management, and LNG procurement [4][10] - The maximum contract value for any trading day in 2026 is estimated to not exceed $5 billion [4][10] - The funds for the hedging activities will come from the company's own funds and will not involve raised capital [5][10] - The hedging will include forward foreign exchange contracts, swaps, and options with qualified financial institutions [6][7][10] - The authorization for this hedging plan is valid for 12 months from the date of shareholder approval [8][9][10] Group 2: Investment Management Plan - The company intends to utilize idle self-owned funds for investment in financial products to enhance fund efficiency, with a maximum daily balance of 8.1 billion yuan for 2026 [21][22] - The funds used for these investments will also come from the company's own resources [23][22] - The investment will focus on low-risk, high-liquidity financial products from reputable financial institutions [24][25] - The authorization for investment activities is set from January 1, 2026, to December 31, 2026 [26][22] Group 3: Commodity Hedging Plan - The company aims to conduct commodity hedging to manage price risks associated with LNG transactions, with a maximum trading margin and rights fee of $4.7 billion for 2026 [48][52] - The hedging will involve various commodities including Brent crude oil and natural gas, using derivatives in regulated markets [48][49][52] - The authorization for this commodity hedging plan is also valid for 12 months from the date of shareholder approval [50][52] Group 4: Guarantee and Risk Management - The company will provide a guarantee of 21.7 million yuan to support a financing application by its associate company, reflecting a normal business practice [62][63] - The company has established risk management measures to mitigate operational, credit, market, and technical risks associated with its hedging and investment activities [11][54] - The company will conduct regular audits and maintain a robust decision-making process to ensure compliance and risk control [55][56]