Core Insights - The event "Stabilizing Enterprises and Protecting Agriculture - Apple Futures Serving Small and Medium Enterprises" was successfully held in Yan'an, Shaanxi, organized by Zhengzhou Commodity Exchange and China Futures Association, focusing on risk management applications in the apple market [1] - The conference attracted 84 representatives from 62 enterprises, providing practical solutions for small and medium-sized apple enterprises through keynote speeches and case analyses [1] Group 1: Market Analysis - Meng Xianqiang, Director of Agricultural Product Research, discussed the research logic of apple futures in an economic downturn, emphasizing the non-linear demand price elasticity and its role in price dynamics during inventory adjustments [3] - The core logic of apple market analysis is based on the dynamic equilibrium of supply and demand for elastic consumer goods, where the price center is primarily determined by quantity [3] Group 2: Delivery and Processing - Zhang Zhaohua, Deputy General Manager of Yanchang Fruit Industry, shared experiences in the application of machine selection processing for apple futures delivery, highlighting the increasing delivery volume and the challenges in quality grading and standardization [5] - The use of advanced machine selection equipment has achieved a 100% delivery success rate, suggesting the need for optimized industry chain collaboration and standardized production training [5] Group 3: Risk Management Strategies - Zhao Xiaojie, Manager of the Futures Department at Yanchang Fruit Industry, outlined strategies for using futures tools to serve small and medium enterprises, emphasizing the importance of hedging against price volatility [7] - The core value of futures tools is to help enterprises lock in profits, smooth cash flow, and enhance risk resistance, rather than serving as speculative instruments [7] Group 4: Futures Delivery Process - Li Weiwei, a delivery specialist at Rongda Futures, explained the strict processes and standards of futures delivery, which help enterprises effectively manage production plans and control delivery costs [9] Group 5: Options Trading - Yan Yaping, a derivatives researcher at Shanghai Rongzhi Industrial Co., Ltd., introduced four basic strategies for options trading and their applications in the operations of small and medium-sized apple enterprises, highlighting the advantages of options over futures [10] - The collaboration between Rongda Futures and Yanchang Fruit Industry aims to enhance financial services for the real economy, supporting the high-quality development of the apple industry [10]