Qijing Machinery(SH:603677) Sou Hu Cai Jing·2026-01-01 19:38Core Viewpoint - The company, Qijing Machinery, is actively enhancing its financial structure and governance through various measures, including seeking a comprehensive credit facility and implementing foreign exchange hedging strategies for 2026 [1][2][3] Group 1: Financial Developments - The company plans to apply for a total of 570 million yuan in comprehensive credit facilities from multiple banks, with a guarantee of 20 million yuan for its subsidiary, Qijing Industrial (Thailand) Co., Ltd [1][3] - The guarantee amount represents 1.73% of the company's latest audited net assets, with the subsidiary having a debt-to-asset ratio of 22.25% [1] - The company has no overdue guarantees as of the announcement date, with a total external guarantee amount of 20 million yuan [1] Group 2: Foreign Exchange Hedging - The company anticipates engaging in foreign exchange hedging activities in 2026, with a margin and premium cap of 25 million yuan and a maximum contract value of 500 million yuan on any trading day [2] - The hedging activities will involve currencies such as USD and EUR, utilizing instruments like forward foreign exchange contracts, foreign exchange swaps, and foreign exchange options [2] Group 3: Governance and Internal Control - The board of directors has approved multiple revisions to internal management systems, which include regulations on shareholding by directors and senior management, as well as rules for information disclosure and investor relations [2][3] - These revisions aim to enhance the company's governance structure and internal control systems [2]