以“智远”之策，筑“产业”之基——申银万国期货助力某主板电缆上市公司筑牢风险管理屏障，赋能实体企业高质量发展

Core Viewpoint - The article emphasizes the importance of the futures market as a crucial financial infrastructure that supports the real economy and ensures stable industrial operations, highlighting the role of Shenwan Hongyuan Futures' "Shenwan Zhiyuan" brand in providing professional services to empower entities and promote sustainable development [2][11]. Group 1: Partnership and Development - Since 2018, Shenwan Hongyuan Futures has partnered with a major listed cable company to enhance its risk management capabilities, transforming it from a learner of hedging concepts to an independent risk management expert [2][11]. - The cable company is a leading supplier in the marine and land cable sector in China, recognized for its technological innovation and quality management, ranking among the top 10 global submarine cable companies and the top 100 listed companies in China [2]. Group 2: Challenges and Solutions - The company's production model is order-based, primarily focusing on wind power submarine cables, with a production cycle of 3 to 6 months, and some orders taking up to a year, posing significant challenges in cost control due to raw material price fluctuations [3]. - Despite the company's willingness to engage in futures hedging, a lack of professional risk management talent has hindered its ability to independently conduct hedging operations, a common issue faced by many large enterprises [3]. Group 3: Training and Capacity Building - Shenwan Hongyuan Futures developed a four-stage training system tailored to the cable company's operational characteristics and hedging needs, covering all levels and positions within the organization [4]. - The first stage focuses on educating senior management and key department personnel about the significance of the futures market in risk management and the legal considerations for state-owned enterprises [5]. - The second stage provides practical training on futures trading rules and risk avoidance, aimed at mid-level managers and department heads [6][7]. - The third stage enhances the capabilities of core personnel in the futures department through specialized training on research and trading skills [8]. - The fourth stage involves training on performance assessment systems related to futures business, integrating it into the overall cost assessment of the company [9]. Group 4: Comprehensive Service and Impact - Shenwan Hongyuan Futures offers a comprehensive service that includes training, implementation, review, and optimization of the hedging process, helping the cable company establish a robust risk management system [10]. - This partnership has significantly improved the company's ability to hedge against raw material price fluctuations, enhancing its operational resilience and profitability stability, thereby supporting its growth in the renewable submarine cable sector [10][11]. Group 5: Future Outlook - Looking ahead, Shenwan Hongyuan Futures aims to deepen the "Shenwan Zhiyuan" brand by developing four key empowerment pillars: an AI hedging platform, a risk management training platform, a risk management empowerment platform, and a comprehensive financial services platform [12]. - The company remains committed to serving the real economy and facilitating high-quality development through tailored risk management solutions for various industries and enterprises [12].