记者了解到，3月25日晚，云南铜业发布了关于开展商品类期货和衍生品套期保值业务的公告，表示将针对生产的铜、金、银主产品和铜、银、锌贸易商 品，开展铜、金、银、锌套期保值业务。投入套期保值业务任意时点保证金最高不超过48.5亿元。 西部矿业方面表示，针对铜价大幅波动，公司管理层目前还在商讨应对措施。为了规避商品价格风险，公司一直在做套期保值，且公司签的都是长单，但期 货跟现货走势同向，所以铜价下跌对公司业绩的影响会滞后。至于维护股价的相关措施，西部矿业方面表示，上一轮大股东增持已经结束，未来可能还会有 增持计划，投资者可以关注公司后续公告。 铜陵有色方面表示，目前行情较为极端，公司还在商讨应对措施，也有套期保值业务。维护股价的相关措施方面，公司方面称回购方案已经获得通过，但具 体实施时间不方便透露。 每经记者 梁枭 每经编辑 张海妮 近日，国际铜价大幅下挫。同花顺数据显示，4月3日、4日，LME（伦敦金属交易所）期铜价格分别大跌4.02%、6.86%。今日（4月7日），沪铜主力合约开 盘跌停。或受此影响，A股上市铜企股价亦大幅下挫，截至午间收盘，金诚信（603979.SH）、北方铜业（000737.SZ）、云南 ...

在投资的广袤天地中，信息的获取与交流至关重要。特朗普 4 月 2 日起对全球展开 " 对等 关税 " ，这一事件对金融市场影响重大。视频传播的年代，传统的新闻已不能满足投资者 日渐丰富的阅读需求了，那么有哪款财经 APP 又兼顾视频的多样性，同时还保持了传统新 闻的严谨性呢？ 新浪财经 APP ，作为一款领先的财经应用，早已突破了传统财经新闻平台的边界，为投资 者打造了一个集新闻资讯、视频内容与社区互动于一体的全方位投资服务平台。 丰富视频，投资学习好帮手 新浪财经 APP 的视频板块，是一座蕴藏丰富的投资知识宝库。在上周末，《周末必读 : 下 周美国将公布 " 对等关税 " ，潜在影响 做好准备》的视频内容，受到了投资者的喜爱，观 看人数超过 10W 。 而且新浪财经 APP 还有专业分析师的深度解读，针对市场热点、政策变动以及各类投资产 品，进行细致剖析。无论是宏观经济趋势，如美联储货币政策调整对全球金融市场的影响， 还是微观层面某只股票的基本面分析，分析师们都能凭借专业知识和丰富经验，为投资者梳 理清晰逻辑，助力投资者把握市场脉搏，做出更明智的决策。 往期回顾 除了专业解读，还有生动有趣的投资科普视频。 ...

Core Viewpoint - Jiangsu Sanfangxiang Group Co., Ltd. has seen a significant increase in stock price, with a current market value of 7.754 billion yuan, and is preparing for a series of important decisions at the upcoming shareholder meeting [1][5]. Company Announcements - The 15th meeting of the 11th Board of Directors will be held on April 1, 2025, to review several proposals, including the execution of related party transactions for 2024 and the expected transactions for 2025, as well as proposals for guarantees and hedging activities [1][2]. - The first temporary shareholders' meeting of 2025 is scheduled for April 18, 2025, to discuss five key proposals related to related party transactions and risk management strategies [2][5]. Financial Activities - The company plans to engage in futures hedging activities to mitigate market risks, with a maximum margin of 500 million yuan and a maximum contract value of 3 billion yuan on any trading day [3]. - The company has provided a guarantee of 600 million yuan to its affiliate, Sanfangxiang Group Co., Ltd., which will be subject to shareholder approval [4]. - The expected total amount for related party transactions in 2025 is approximately 666.43 million yuan, covering various operational needs [4]. Shareholder Changes - As of March 31, 2025, a total of 282,438 shares have been converted from convertible bonds, representing 0.0072% of the total shares before conversion, with a remaining convertible bond amount of approximately 2.499 billion yuan [7][10]. - The company has repurchased 29,760,000 shares, accounting for 0.76% of the current total share capital, with a total expenditure of approximately 39.37 million yuan [8][11].

Core Viewpoint - Jiangsu Zhenjiang New Energy Equipment Co., Ltd. plans to engage in foreign exchange hedging to mitigate risks associated with currency fluctuations and improve the efficiency of foreign currency usage [1][2][3] Summary by Sections Transaction Overview - The purpose of the transaction is to effectively avoid risks in the foreign exchange market, prevent adverse impacts from significant currency fluctuations, enhance the efficiency of foreign currency usage, and reasonably reduce financial costs [2][3] - The total amount for foreign exchange hedging activities will not exceed 500 million USD or its equivalent in RMB, funded by the company's own funds and bank credit lines [2][3][4] Transaction Details - The financial derivatives to be used include forward foreign exchange contracts, foreign exchange swaps, foreign exchange options, interest rate swaps, interest rate options, and currency swaps, primarily involving USD and EUR [1][3] - The authorization for daily foreign exchange hedging business will be valid from the resolution of the 2024 annual shareholders' meeting until the 2025 annual shareholders' meeting [3][4] Approval Process - The proposal for engaging in financial derivatives trading was approved at the eighth meeting of the fourth board of directors on April 2, 2025, and will be submitted for shareholder approval [2][4] Risk Management - The company has established clear regulations regarding risk control measures, including limits on transaction amounts, types of derivatives, approval authority, and internal review processes [4][5] - The independent directors and supervisory board agree that the decision-making process for engaging in financial derivatives trading complies with relevant laws and regulations, and the internal controls are adequate [6][7]

Core Viewpoint - New Hope Group, a leading domestic natural gas company, reported a significant decline in both revenue and net profit for 2024, continuing a downward trend from 2023, prompting a proposal to privatize its Hong Kong-listed affiliate, New Hope Energy [1][2]. Financial Performance - New Hope Group's revenue decreased from 1,540.44 billion yuan in 2022 to 1,358.36 billion yuan in 2024, marking a continuous decline [2]. - The company's net profit attributable to shareholders fell by over 36% to 44.93 billion yuan in 2024 [2][5]. - The main contributors to the revenue decline were the retail and wholesale segments of natural gas, which accounted for over 65% of total revenue [2]. Market Conditions - Despite a steady increase in natural gas consumption nationally, New Hope Group's revenue has been adversely affected by falling natural gas prices, which dropped significantly from the highs seen in 2022 due to geopolitical tensions [4]. - The wholesale business's gross margin plummeted from 7.94% in 2022 to 0.37% in 2024, reflecting the impact of lower natural gas prices [4][6]. Strategic Moves - New Hope Group is actively engaging in hedging strategies to mitigate the effects of falling natural gas prices, reporting a derivative financial instrument gain of 27.39 billion yuan in 2023 [5]. - The company plans to privatize New Hope Energy, with the transaction potentially requiring the issuance of up to 2.2 billion new shares and a cash payment of approximately 183.5 billion Hong Kong dollars [9][8]. Financial Health - As of December 31, 2024, New Hope Group's cash reserves were insufficient to cover the privatization costs, leading to potential increases in debt levels and financial pressure [9][10]. - The company reported a high interest expense of 11.21 billion yuan against a net profit of 37.11 billion yuan, indicating a challenging financial situation [10][16]. Shareholder Impact - Despite high debt levels, New Hope Group distributed significant dividends totaling 31.64 billion yuan in 2024, which accounted for 70.1% of its net profit [16]. - The privatization of New Hope Energy could enhance the overall valuation of the company and benefit its controlling shareholder, Wang Yusuo, by consolidating assets under A-share listings [14][18].

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、准确性和完整性依法承担法律责任。 重要内容提示： 杭州华光焊接新材料股份有限公司（以下简称"公司"或"华光新材"）拟 开展套期保值业务合约价值不超过人民币 2 亿元，套期保值业务保证金最高余额 不超过人民币 5000 万元（额度范围内资金可滚动使用），资金来源为自有资金， 不涉及募集资金。额度有效期为自公司董事会审议通过之日起 12 个月。 公司的套期保值业务以政策生产经营为基础，以降低原材料价格波动产生的 不利影响为目的，不进行单纯以营利为目的的投机和套利交易。 证券代码：688379 证券简称：华光新材 公告编号：2025-031 杭州华光焊接新材料股份有限公司 关于公司开展套期保值业务的公告 处理。 三、开展套期保值业务的风险分析及应对措施 公司于 2025 年 4 月 2 日召开了第五届董事会第十八次会议、第五届监事会 第十六次会议，审议通过了《关于公司开展套期保值业务的议案》，本议案无需 提交公司股东大会审议。 一、开展套期保值业务的必要性 鉴于铜材和白银占公司产品成本比重较大，其采购价格受市场价格 ...

-证券代码：000901 证券简称：航天科技 航天科技控股集团股份有限公司 投资者关系活动记录表 编号：20250402 | 投资者关系活 | □特定对象调研 □分析师会议 □媒体采访 ■业绩说明会 | | | | | | | | --- | --- | --- | --- | --- | --- | --- | --- | | 动类别 | □新闻发布会 □路演活动 | | | | | | | | | □现场参观 | | | | | | | | | □其他（请文字说明其他活动内容） | | | | | | | | 活动参与人员 | 2024 年度网上业绩说明会参与者 | | | | | | | | 时间 | 2025 年 4 月 2 日 15:00-16:00 | | | | | | | | 地点 | 上 海 证 券 报 · 中 国 证 券 路 | 网 | " | 演 | 中 | 心 | " | | | https://roadshow.cnstock.com/ | | | | | | | | 形式 | 网上交流 | | | | | | | | | 党委书记、董事长袁宁先生； 党委副书记、董事、总经理郭琳瑞先 ...

上海普利特复合材料股份有限公司关于2025年度开 展商品期货期权套期保值业务的公告 登录新浪财经APP 搜索【信披】查看更多考评等级 证券代码：002324 证券简称：普利特 公告编号：2025-011 上海普利特复合材料股份有限公司 关于2025年度 开展商品期货期权套期保值业务的公告 本公司及董事会全体成员保证公告内容真实、准确和完整，不存在虚假记载、误导性陈述或者重大遗 漏。 重要内容提示： 1、上海普利特复合材料股份有限公司（以下简称"公司"）拟使用自有资金进行商品期货期权套期保值 业务。本次公司及子公司开展的商品期货期权套期保值业务品种仅限于与公司生产经营有直接关系的 PP等原材料。根据业务实际需要，公司在套期保值业务中投入的资金（保证金）总额不超过10,000万 元。 2、本次商品期货期权套期保值业务的开展已经公司第六届董事会第三十七次会议审议通过，额度在董 事会的审批权限内，无需提交股东大会审议。 3、特别风险提示：公司开展套期保值业务不以投机、套利为目的，主要为有效规避原料价格波动对公 司带来的影响。同时，商品期货期权套期保值业务也会存在一定的风险，主要为价格异常波动风险、资 金风险、内部控制 ...

Adecoagro (AGRO) Q4 2024 Earnings Call March 14, 2025 08:00 AM ET Company Participants Mariano Bosch - Co-Founder, CEO & DirectorEmilio Gnecco - CFO & Chief Legal OfficerRenato Junqueira - VP of the Sugar, Ethanol and Energy BusinessIsabella Simonato Alonso - Managing DirectorLarissa Pérez - Equity Research Associate Conference Call Participants Gustavo Troyano - Equity AnalystMatheus Enfeldt - Equity AnalystJulia Rizzo - Analyst Operator Good morning, ladies and gentlemen, and thank you for waiting. At thi ...

证券代码：002865 证券简称：钧达股份 公告编号：2025-015 海南钧达新能源科技股份有限公司 关于公司及控股子公司开展商品期货套期保值业务 的可行性分析报告 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、开展商品期货套期保值业务的目的 为合理规避公司及控股子公司生产所用原材料价格波动对公司生产经营造成 的潜在风险，充分利用期货套期保值功能，把控市场风险，增强经营稳健性，公司 及控股子公司拟开展商品期货套期保值业务。 二、开展商品期货套期保值业务的基本情况 1、交易目的：公司日常生产经营的主要原材料涉及白银、多晶硅等大宗商品， 易受宏观经济形势、产业链供需变化等因素影响，产品价格呈现较大波动。为合理 规避原材料价格波动对公司生产经营造成的潜在影响，充分利用期货套期保值功 能，把控市场风险，增强经营稳健性，公司及控股子公司拟开展商品期货套期保值 业务。公司及控股子公司开展的商品期货套期保值业务不进行任何以投机为目的 的交易，不会影响公司主营业务发展。 2、交易金额及授权：公司及控股子公司本次拟开展的商品期货套期保值业务 保证金额度为不超过人民币 4 ...