Xiangyu(SH:600057) Zheng Quan Ri Bao Wang·2026-01-06 11:10Core Viewpoint - Xiamen Xiangyu (600057) is utilizing futures tools to hedge against commodity price volatility, ensuring that these operations align with its spot business [1] Group 1: Business Operations - The company conducts hedging operations within the scope of quantity, amount, and planned range that are compatible with its spot business [1] - The lithium carbonate business is also developed based on the same principles, indicating a strategic approach to risk management [1] Group 2: Risk Management - Currently, there are no forced liquidations on the futures side, suggesting effective risk control measures in place [1] - The company is continuously delivering lithium carbonate, with trading partners being long-term cooperative clients, which enhances stability [1] Group 3: Overall Business Health - The company possesses multiple upstream and downstream channels, contributing to manageable risks and indicating a sound overall operational status [1]