截至2025年12月26日收盘，株冶集团（600961）报收于16.52元，较上周的16.1元上涨2.61%。本周，株 冶集团12月23日盘中最高价报17.06元。12月25日盘中最低价报15.89元。株冶集团当前最新总市值 177.24亿元，在工业金属板块市值排名28/60，在两市A股市值排名1107/5178。 湖南君见律师事务所关于株洲冶炼集团股份有限公司2025年第四次临时股东会的法律意见书 湖南君见律师事务所出具法律意见书，认为株洲冶炼集团股份有限公司2025年第四次临时股东会的召 集、召开程序，出席会议人员及召集人资格，表决程序和表决结果均符合相关法律法规及公司章程规 定，会议合法有效。本次会议审议通过了2026年度日常关联交易预计、商品期货套期保值及外汇衍生品 业务相关议案。 以上内容为证券之星据公开信息整理，由AI算法生成（网信算备310104345710301240019号），不构成 投资建议。 公司公告汇总：株冶集团召开2025年第四次临时股东会，审议通过2026年度日常关联交易预计及 相关衍生品业务议案。 公司公告汇总：湖南君见律师事务所出具法律意见书，确认株冶集团临时股东会会议程序及表 ...

江铜是中国最大的铜生产企业，一年能炼出两百多万吨铜。但它有个心病：自己家里产的铜矿太少了，每年自产的铜只有20万吨左右，远远不够它的炼 炉"吃饱"。它得从全世界买铜精矿来炼，赚的主要是那点微薄的加工费。 过去五年，它卖铜的毛利率长期只有3%到4%，有时候还跌破3%。这就好比一个高级餐厅，厨艺一流（冶炼技术强），但食材（铜矿）大部分得靠买，赚的 其实是辛苦的加工钱。 为了不让这微薄的利润被铜价的大起大落给吞掉，江铜和很多大宗商品企业一样，会做套期保值。简单说，它担心未来要卖的铜价格会跌，所以就在期货市 场上提前以某个价格卖出（开空单）。这样，万一将来铜价真跌了，它在现货上卖亏的钱，能从期货空单赚的钱里补回来，锁定利润。这本是企业稳健经营 的"保险绳"。 最近，铜价涨疯了。小区里收废品的大叔都乐开了花，因为废铜价格比去年贵了近一半。就在这种"铜牛狂奔"的行情下，中国铜业的老大哥江西铜业，干了 两件震动市场的大事。 第一件事，是它花了大约80亿元人民币，拿下了南美洲厄瓜多尔一个世界级的铜金矿。这个矿叫Cascabel，铜的储量超过一千万吨，黄金也有数千万盎司， 是个能让所有矿业公司眼红的宝藏。为了它，江铜从11月开 ...

特变电工股份有限公司于2025年12月26日设立"特变电工-特变新能源基础设施投资绿色碳中和1期资产 支持专项计划"，优先级和次级资产支持证券已全额认购，募集资金总额为133,700.00万元。优先级证券 规模为131,600.00万元，评级AAA，预期年收益率2.70%，按年付息并期间摊还本金；次级证券规模为 2,100.00万元，不设预期收益率。专项计划已获上海证券交易所无异议函，托管人为中国民生银行乌鲁 木齐分行，登记机构为中国证券登记结算有限责任公司上海分公司。 截至2025年12月26日收盘，特变电工（600089）报收于23.46元，较上周的21.88元上涨7.22%。本周， 特变电工12月26日盘中最高价报23.79元。12月22日盘中最低价报21.92元。特变电工当前最新总市值 1185.39亿元，在电网设备板块市值排名3/123，在两市A股市值排名149/5178。 本周关注点 公司公告汇总 特变电工股份有限公司召开2025年第六次临时股东大会，审议开展套期保值及远期外汇交易业务、与新 疆特变电工集团有限公司2026年度日常关联交易、取消监事会、修订公司章程及各项议事规则等议案。 套期保值业 ...

最近逛家电城，导购员悄悄说"现在买空调、冰箱得趁早，不然过阵子可能又要涨价"；小区里收废品的大叔也乐呵，"废铜一斤涨到30多，比去年贵了快 一半"。这些日常里的小变化，背后都藏着同一个信号——铜价疯了！12月23日那天，伦敦金属交易所（LME）的铜价直接冲破12000美元/吨，盘中最高 飙到12159.5美元，创下历史新高，今年以来累计涨了超37%，眼看就要创下2010年以来的年度最大涨幅 。国内市场也跟着涨，沪铜主力期货收盘价都到 了9.62万元/吨，一天就涨了1% 。 铜价一飞冲天，最受关注的当属行业龙头江西铜业。作为国内铜产量最大的企业，江铜早就靠"套期保值"对冲价格波动风险，可现在铜价单边暴涨，之前 的套保操作反而成了焦点，不少人都在问："铜价越涨，江铜的套保会不会亏得越多？""这么高的铜价，套保风险到底有多大？" 一、先搞懂：铜价为啥能涨到12000美元？不是单一原因在发力 铜价能突破历史关口，可不是运气好，而是供应、需求、宏观政策凑到一起的"共振效应"。 从供应端看，全球铜矿真的不够用了。2025年智利、印尼、刚果（金）的几大主力矿山接连出问题，矿难、泥石流、矿震不断，导致全球铜矿产量同比下 滑了 ...

Group 1: Production and Sales Performance - The company achieved orderly production and smooth sales in its potassium chloride and lithium carbonate businesses, meeting expected targets due to improved industry supply-demand dynamics and price recovery [2] - The average domestic price of potassium chloride increased to $348 per ton, supported by global supply contraction and rigid agricultural demand [2] - The company implemented a dual strategy of "resource optimization + process upgrading" to enhance production capacity and efficiency [2] Group 2: New Lithium Salt Project - The 40,000-ton lithium salt integrated project commenced production on September 28, 2025, achieving rapid capacity ramp-up and quality improvement [3] - The project utilizes advanced technology, resulting in a significant reduction in production costs and maintaining product purity above 99.7% [4] - The project is expected to reduce freshwater consumption by 47.4% and overall energy consumption by 50.6% [6] Group 3: Future Market Outlook - The company maintains a positive long-term outlook for the lithium carbonate industry, driven by the growth of the electric vehicle sector and energy storage demand [4] - The company plans to enhance product quality and cost control to strengthen its market competitiveness [5] Group 4: Financial Management and Shareholder Returns - The company is focused on sustainable growth and plans to implement diversified shareholder return policies as profits allow [8] - It aims to address capital reserve losses prudently while ensuring stable profit distribution policies to protect investor interests [8] Group 5: Strategic Development and Expansion - The company is actively pursuing overseas potassium salt resources and has initiated exploration activities in the Republic of Congo [10] - It aims to integrate into the China Minmetals Corporation framework to enhance its competitive edge and contribute to the development of a world-class salt lake industry [11]

来源：新浪财经-鹰眼工作室 【财经网讯】12月26日，中储发展股份有限公司（证券代码：600787，简称"中储股份"）发布公告称， 公司控股子公司中国诚通商品贸易有限公司（简称"诚通商品"）计划于2026年度开展商品期货套期保值 业务，以应对大宗商品价格波动风险。公告显示，该业务最高保证金占用额度不超过2亿元人民币，交 易品种涵盖铜、铝等8个工业金属品种。 业务概况：聚焦金属品种 锁定2亿元保证金上限 根据公告，诚通商品此次开展套期保值业务的核心目标是"有效防范或规避市场价格波动风险，促进现 货经营，锁定价差"。业务将覆盖上海期货交易所和郑州商品交易所的标准化期货合约，具体品种包 括： 决策程序与会计处理 该事项已于2025年12月26日经中储股份十届四次董事会审议通过，无需提交股东大会审议。在会计处理 方面，公司将依据《企业会计准则第22号——金融工具确认和计量》及《企业会计准则第37号——金融 工具列报》进行核算，不适用套期会计准则。 风险防控：五重措施应对市场波动 中储股份在公告中详细披露了套期保值业务可能面临的五大风险，包括市场风险、资金风险、内部控制 风险、技术风险及政策风险。针对上述风险，公司制定 ...

来源：新浪财经-鹰眼工作室 为应对原材料价格波动风险，迪阿股份有限公司（证券代码：301177，证券简称：迪阿股份）于近日发 布公告，宣布公司及控股子公司将开展铂金期货及衍生品套期保值业务。公司明确表示，此次业务开展 不以投机为目的，旨在有效规避铂金价格大幅波动对公司经营带来的不利影响。 根据公告，迪阿股份此次开展铂金期货及衍生品套期保值业务的核心交易参数如下： 交易参数 具体内容 交易目的 规避铂金价格波动风险，降低原材料成本波动影响 保证金及权利金上限 不超过2,000.00万元人民币 单日最高合约价值 上限为4.00亿元人民币 交易方式 通过经监管机构批准的 金融机构及合法交易平台进行 交易品种 包括但不限于铂金远期、铂金期货和铂金期权等 资金来源 公司 自有资金，不涉及募集资金和银行信贷资金 业务期限 自董事会审议通过之日起12个月内有效，额度可 循环使用 作为珠宝首饰行业的重要原材料，铂金价格受国际经济形势、地缘政治等多重因素影响，其价格波动直 接关系到公司的生产成本控制和盈利能力稳定性。迪阿股份表示，通过开展铂金期货及衍生品套期保值 业务，能够有效对冲原材料价格波动风险，增强公司经营的稳定性。 在 ...

Core Viewpoint - The company has announced the approval of a foreign exchange derivatives trading business, which will be conducted from December 26, 2025, to December 25, 2026, with a focus on hedging rather than speculative trading [1] Group 1 - The third extraordinary meeting of the company's third board of directors will be held on December 26, 2025, to review the proposal for the foreign exchange derivatives trading business [1] - The maximum trading margin and premium expected to be utilized is $15 million, with the highest contract value held on any trading day anticipated to be $150 million [1] - The funding for this trading activity will come from the company's own funds [1] Group 2 - The primary objective of the trading business is to hedge against risks rather than engage in speculative arbitrage [1] - The company has acknowledged the existence of market and liquidity risks associated with this business and has established risk control measures [1]

Core Viewpoint - The company Tangrenshen (002567) has held its fourth extraordinary general meeting of shareholders for 2025, approving several key financial and operational proposals for the upcoming year [4]. Group 1: Trading Information - As of December 25, 2025, Tangrenshen's stock closed at 4.39 yuan, with an increase of 0.23%, a turnover rate of 0.79%, a trading volume of 112,600 shares, and a transaction amount of 49.39 million yuan [1]. - On December 25, the net inflow of main funds was 2.5968 million yuan, indicating a positive short-term sentiment from major investors [5]. Group 2: Company Announcements - The fourth extraordinary general meeting of shareholders on December 24, 2025, approved eight proposals, including applying for comprehensive credit from banks, engaging in financing leasing, providing guarantees, and conducting hedging and derivative trading for the year 2026 [3][4]. - The meeting's procedures and results were confirmed as compliant with legal regulations and company bylaws by Hunan Yixing Law Firm [4].

Core Viewpoint - The lithium carbonate futures market has seen a significant price increase, reaching a new high since March 2022, with trading volume and market participation rising sharply, prompting regulatory adjustments by the Guangzhou Futures Exchange [1][2][3] Group 1: Market Performance - On December 25, the main lithium carbonate futures contract 2605 reached a peak of 127,880 yuan/ton, marking a continuous five-day increase [1] - The total funds in the lithium carbonate futures market approached 30 billion yuan, ranking fourth among commodity futures [1][3] - Trading volume for the top twenty main positions increased significantly, with December 25 seeing a volume of 1,061,500 contracts, up from below 900,000 contracts prior to December 23 [2] Group 2: Regulatory Adjustments - The Guangzhou Futures Exchange adjusted trading instructions for lithium carbonate futures, increasing the minimum opening order size from 1 to 5 contracts and setting daily opening limits for non-futures company members [1] - Daily opening limits for non-futures company members are capped at 400 contracts or 800 contracts, while hedging and market-making transactions are exempt from these limits [1] Group 3: Market Sentiment and Participation - Analysts express optimism regarding future demand in the lithium carbonate spot market, contributing to a bullish sentiment that has driven prices higher [1][2] - The market has seen increased participation from various investors, with a notable rise in funds exceeding 100,000 yuan entering the market [2] - The current market structure includes both long-term industrial capital and short-term speculative funds, driven by expectations of sustained demand from the energy storage and electric vehicle sectors [2]