TONGWEI CO.,LTD(SH:600438) Sou Hu Cai Jing·2025-12-30 14:16Core Viewpoint - Tongwei Co., Ltd. plans to conduct hedging activities from January 1 to December 31, 2026, to mitigate risks associated with raw material and finished product price fluctuations, as well as foreign exchange and interest rate risks [1] Group 1: Stock Performance - As of December 30, 2025, Tongwei's stock closed at 21.01 yuan, down 2.32% from the previous trading day, with a total market capitalization of 94.587 billion yuan [1] - The stock opened at 21.29 yuan, reached a high of 21.44 yuan, and a low of 20.95 yuan, with a trading volume of 1.354 billion yuan and a turnover rate of 1.43% [1] Group 2: Hedging Business Announcement - The company announced plans to engage in hedging activities involving commodity, foreign exchange, and interest rate derivatives [1] - The maximum value for commodity hedging contracts is set at 3 billion yuan, foreign exchange hedging at 2.4 billion USD, and interest rate hedging at 400 million USD [1] - Funding for these activities will come from the company's own funds and credit from financial institutions [1] - The board of directors has approved this plan, and it does not require shareholder meeting approval [1] - The company emphasizes that the hedging activities are not for speculative purposes and has established risk control measures to address market, credit, and operational risks [1]