Hengtong(SH:600226) Xin Lang Cai Jing·2026-01-07 19:17Core Viewpoint - The company, Zhejiang Hengtong Holdings Co., Ltd., has provided an update on its futures and derivatives trading activities, highlighting the financial impact and risk management measures in place [1][4]. Group 1: Progress of Futures and Derivatives Trading - The company has been authorized to conduct margin and premium trading activities with a maximum amount of RMB 50 million from July 12, 2024, to July 11, 2025, and RMB 75 million from July 11, 2025, to July 10, 2026 [3]. - Preliminary statistics indicate that from January 1, 2025, to January 6, 2026, the company has engaged in hedging activities [3]. Group 2: Financial Impact - The investment income and fair value changes from the hedging activities resulted in a total loss of RMB 43.83 million, with unrealized losses of RMB 19.71 million as of January 6, 2026 [4]. - The company expects that the impact of futures trading losses will be mitigated by gains from rising copper prices in the spot market [4]. Group 3: Risk Management Measures - The company has established a management system for futures hedging, which includes clear regulations on authorization, approval processes, and risk management [6]. - The hedging activities will align with the company's operational needs and will be adjusted based on market conditions to maximize hedging effectiveness [6]. - A multi-level approval mechanism is in place, and the internal audit department will conduct periodic checks on the hedging activities to ensure compliance with company policies [6].