Group 1 - The company, Southeast Network Framework, announced plans to engage in foreign exchange derivative hedging business with banks and financial institutions approved by the State Administration of Foreign Exchange and the People's Bank of China [2] - The maximum trading amount at any point during the approval period will not exceed 80 million USD or its equivalent in foreign currency, with the trading quota being reusable within the investment period [2] - The highest contract value at any given time will not exceed the aforementioned limit [2]

Core Viewpoint - Wantuo Technology announced the approval of its wholly-owned subsidiary, Yantai Huadong Electronic Software Technology Co., Ltd., to engage in foreign exchange hedging and swap business to mitigate exchange rate risks [1] Group 1 - The board meeting for Wantuo Technology is scheduled for August 18, 2025, to review the proposal for foreign exchange hedging [1] - The foreign exchange swap business will be conducted with banks and financial institutions, based on normal production operations and following a prudent approach [1] - The maximum contract value held on any trading day will not exceed RMB 36 million (or equivalent foreign currency), and the authorization can be reused within the specified period [1]

Core Viewpoint - Jiangsu Changhai Composite Materials Co., Ltd. held its second board meeting of the sixth session on August 19, 2025, where several key resolutions were passed, including the approval of the 2025 semi-annual report, foreign exchange hedging business, investment of idle funds, profit distribution plan, and changes to the company’s registered address [1][2][3][4][5] Group 1: Financial Reports and Profit Distribution - The board unanimously approved the 2025 semi-annual report, confirming its compliance with relevant regulations and accuracy [1] - A profit distribution plan was proposed, which includes a cash dividend of RMB 1.00 per 10 shares, totaling RMB 40,352,635.00, based on a total share count of 403,526,350 shares after accounting for repurchased shares [4] Group 2: Risk Management and Investment Strategies - The company plans to engage in foreign exchange hedging to mitigate risks associated with currency fluctuations, particularly as its export business primarily operates in USD [2] - The board approved the use of up to RMB 50 million of idle funds for investment purposes, aiming to enhance the efficiency of fund utilization while ensuring that core business operations remain unaffected [3] Group 3: Corporate Governance and Structural Changes - The company will change its registered address to a specific location in Changzhou, Jiangsu Province, while the actual location remains unchanged [5] - A resolution was passed to convene the second extraordinary general meeting of 2025 on September 12, 2025, combining on-site and online voting methods [5]

证券代码：002331 证券简称：皖通科技 公告编号：2025-042 安徽皖通科技股份有限公司 第六届董事会第三十六次会议决议公告 本公司及董事会全体成员保证信息披露的内容真实、准确、完整， 没有虚假记载、误导性陈述或重大遗漏。 一、董事会会议召开情况 安徽皖通科技股份有限公司（以下简称"公司"）第六届董事会 第三十六次会议于 2025 年 8 月 18 日以现场和通讯相结合的方式在公 司会议室召开。本次会议的通知及会议资料已于 2025 年 8 月 8 日以 纸质文件及电子邮件形式送达各位董事。本次会议应到董事 9 人，实 到董事 9 人，其中杨洋先生、帅红梅女士、毛志苗先生、杨波先生、 许年行先生、张桂森先生、王忠诚先生以通讯方式出席会议，会议由 公司董事长陈翔炜先生主持，公司部分高级管理人员列席了本次会议。 本次会议符合法律法规及《公司章程》的有关规定。 二、董事会会议审议情况 摘要》 公司第六届董事会审计委员会于 2025 年 8 月 18 日召开 2025 年 第四次会议，全票审议通过了《关于 2025 年半年度报告及摘要的议 案》，审计委员会对公司 2025 年半年度财务会计报告及财务信息无 异 ...

Core Viewpoint - Zhuhai Zhimian Group (600185) has approved a foreign exchange hedging business with a total amount not exceeding 300 million RMB or equivalent foreign currency to mitigate foreign exchange market risks and enhance financial stability [1][2][4] Company Announcement Summary - The company's board of directors held a meeting on August 14, 2025, where they approved the proposal to conduct foreign exchange hedging business, with a total amount not exceeding 300 million RMB or equivalent foreign currency, valid for 12 months from the date of approval [1][4] - The company has established the "Foreign Exchange Hedging Business Management Measures" to standardize operations and effectively manage exchange rate fluctuation risks [1][4] Feasibility Analysis of Foreign Exchange Hedging Business - The company plans to engage with financial institutions qualified for foreign exchange trading to conduct hedging activities, including forward foreign exchange transactions, currency swaps, foreign exchange options, and interest rate swaps [2] - The hedging business will cover currencies relevant to the company's operations, such as JPY and USD, with funding sourced from the company's own funds or bank credit lines [2] - The company has implemented various risk control measures, including enhanced exchange rate research, selection of appropriate foreign exchange tools, and collaboration with large banks to ensure the business operates within a structured framework [2]

Group 1 - The article highlights the increasing foreign exchange risk faced by companies engaged in international trade due to rising economic uncertainties and currency fluctuations [1][2] - Since 2015, the number of domestic listed companies participating in foreign exchange hedging has surged from 143 to 1,241, indicating a growth of approximately eight times [1][4] - The demand for standardized and highly liquid domestic RMB foreign exchange futures is rising, which is expected to enhance the efficiency of risk management for market participants [1][4] Group 2 - BYD has increased its foreign exchange derivatives trading limit from the equivalent of $5 billion to $12 billion in 2023, reflecting the growing foreign exchange risk exposure as its overseas business expands [2][3] - In 2023, China's outward direct investment flow reached $177.29 billion, a year-on-year increase of 8.7%, highlighting the importance of foreign exchange risk management for companies with substantial overseas assets [2][3] - The participation rate in foreign exchange hedging among listed companies has increased from around 5% to 23.6% over the past nine years, driven by the expansion of foreign-related businesses and heightened risk management awareness [4][7] Group 3 - The introduction of RMB foreign exchange futures is seen as a crucial step in improving the foreign exchange risk management framework in China, with significant advantages such as expanding participation coverage and reducing hedging costs [6][7] - The article emphasizes that foreign exchange futures can provide additional benefits in risk hedging, potentially allowing companies to achieve extra returns while managing risks [7] - The operational convenience of foreign exchange futures is highlighted, as it allows for quicker hedging without the need for complex agreements or bank credit approvals [7]

Group 1 - The company reported a revenue of 24.945 billion RMB and a net profit of -0.492 billion RMB for the first half of 2025, with a gross margin of 10.02% [5][6][41] - The global display industry is facing intensified competition, leading to a decline in product prices while core material costs remain stable, putting pressure on the company's gross margin [5][6] - The company aims to strengthen its market position through increased marketing investments and optimization of overseas channels to cope with uncertainties in trade policies [5][7] Group 2 - In the display segment, the company sold 19.51 million units, a year-on-year increase of 2.04%, but revenue decreased by 0.74% to 15.699 billion RMB due to price pressures [5][6] - The television segment saw a decline in sales volume by 2.66% to 4.76 million units, with revenue dropping by 21.62% to 7.154 billion RMB, attributed to high channel inventory and competitive pricing [6][7] - The company plans to focus on large-size and new display technologies to enhance its product offerings and address consumer price sensitivity [6][7] Group 3 - The company has proposed to continue its daily related transactions with its actual controller, China Electronics, and its subsidiaries, with expected procurement transactions not exceeding 138.24 million RMB [22][23] - The company has also approved an increase in the expected procurement amount to 212.10 million RMB for the year, reflecting increased customer demand [23][52] - The company has established stable cooperative relationships with its related parties, which are expected to enhance product sales and operational efficiency [32][53] Group 4 - The company has engaged in foreign exchange hedging to manage currency risk, with a total hedging limit of 3.2 billion USD approved for the year [36][38] - As of June 30, 2025, the company reported a cumulative loss of approximately 187.94 million RMB from its foreign exchange hedging activities [38] - The hedging activities are intended to mitigate risks associated with foreign currency transactions and will not affect the company's cash flow or normal operations [38] Group 5 - The company has recognized an asset impairment provision totaling 183.99 million RMB for the first half of 2025, reflecting a cautious accounting approach [40][41] - The impairment includes a credit loss provision of -1.01 million RMB and a stock price decline provision of 185.01 million RMB due to market demand and price changes [41][43] - The recognition of these provisions aims to provide a more accurate reflection of the company's financial status and asset values [41][45]

Group 1 - The company, Zhuhai Free Trade Zone Group, announced the approval of a foreign exchange hedging business with a limit not exceeding 300 million RMB or equivalent foreign currency [2] - The board meeting held on August 14, 2025, resulted in a unanimous decision to proceed with the hedging business, with 7 votes in favor and no votes against or abstentions [2] - The authorized period for the hedging activities is valid for 12 months from the date of board approval, and the limit can be reused within this timeframe [2]

General Principles - The foreign exchange hedging management system is established to standardize the foreign exchange hedging business of the company and effectively prevent and mitigate risks [1] - The system applies to the company and its controlling subsidiaries, with the latter's hedging activities managed uniformly by the company [1][2] - The primary purpose of the foreign exchange hedging business is to avoid and mitigate exchange rate risks, aligning with the company's actual business operations [1][2] Operational Regulations - The foreign exchange hedging business must be conducted using the company's accounts and cannot involve third-party accounts [2] - Transactions are only permitted with financial institutions approved by the State Administration of Foreign Exchange and the People's Bank of China [2] - The company must have sufficient self-owned funds for hedging activities and cannot use raised funds for these purposes [2] Approval and Limits - The limits for foreign exchange hedging activities are determined by the company's board of directors or shareholders [3] - The types of hedging business include spot/forward foreign exchange transactions, foreign exchange swaps, options, and interest rate swaps, with any new types requiring board approval [3] Management and Internal Processes - Responsibilities for the foreign exchange hedging business include formulation, funding, operations, and daily management [4] - The internal process involves analyzing exchange rate trends, assessing hedging needs, and submitting applications for approval [4] - All personnel involved in hedging must adhere to confidentiality protocols regarding the business's details [4] Risk Reporting and Handling - The funds management department must settle with financial institutions based on the terms of the hedging contracts [4] - In cases of significant exchange rate fluctuations, the funds management department must analyze the situation and report to relevant parties [4] - If hedging losses reach or exceed 10% of the company's audited net profit attributable to shareholders or 10 million RMB, the finance department must report to the chairman and board [4] Miscellaneous - Any matters not covered by this system will follow national laws and regulations as well as the company's articles of association [5] - The board of directors holds the interpretation rights of this system, which takes effect upon approval [5]

一、董事会会议召开情况 证券代码：600185 股票简称：珠免集团 编号：临 2025-046 债券代码：250772 债券简称：23 格地 01 珠海珠免集团股份有限公司 本公司董事会及全体董事保证本公告内容不存在任何虚假记载、误导性陈述 或者重大遗漏，并对其内容的真实性、准确性和完整性承担个别及连带责任。 本议案在提交董事会前已经公司第八届董事会审计委员会第十四次会议审 议通过。 珠海珠免集团股份有限公司（以下简称"公司"）第八届董事会第三十七次 会议于 2025 年 8 月 14 日以通讯表决方式召开，会议通知于 2025 年 8 月 8 日以 电子邮件方式发出。本次会议由公司董事长李向东先生主持，会议应出席董事 7 人，实际参加表决董事 7 人。本次会议的召集、召开符合《中华人民共和国公司 法》及公司《章程》规定。 特此公告。 二、董事会会议审议情况 （一）审议通过《关于开展外汇套期保值业务的议案》； 表决情况：同意票 7 票，反对票 0 票，弃权票 0 票。 为有效规避和降低汇率波动风险，董事会同意公司及下属子公司开展外汇套 期保值业务，总额不超过 3 亿元人民币或等值外币，期限自董事会审议通过之日 ...