（编辑 任世碧） 证券日报网讯 2月6日，汉缆股份发布公告称，公司于2026年2月6日召开的第七届董事会第二次会议审 议通过《关于开展期货及衍生品套期保值业务的议案》，为有效管理原材料及产品价格波动风险，公司 及子公司拟在合理范围内开展期货及衍生品套期保值业务。公司开展期货及衍生品套期保值业务，占用 的保证金最高额度不超过人民币28，000万元（不含标准仓单交割占用的保证金规模），在上述额度及 决议有效期内，可循环滚动使用，任一时点的交易金额（含前述交易的收益进行再交易的相关金额）不 得超过已审议额度。 ...

登录新浪财经APP 搜索【信披】查看更多考评等级 证券代码：603936 证券简称：博敏电子 公告编号：临2026-012 博敏电子股份有限公司 2025年度业绩预告公告 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法律责任。 重要内容提示： ● 业绩预告的具体适用情形：净利润实现扭亏为盈。 ● 业绩预告相关的主要财务数据情况：博敏电子股份有限公司（以下简称"公司"）预计2025年度实现归 属于上市公司股东的净利润为1,500万元至2,200万元，与上年同期（法定披露数据）相比，将实现扭亏 为盈。预计2025年度实现归属于上市公司股东的扣除非经常性损益的净利润为-2,600万元至-1,300万 元。 一、本期业绩预告情况 （一）业绩预告期间 2025年1月1日至2025年12月31日。 （二）业绩预告情况 1、经财务部门初步测算，预计2025年度实现归属于上市公司股东的净利润为1,500万元至2,200万元，与 上年同期（法定披露数据）相比，将实现扭亏为盈。 2、预计2025年度实现归属于上市公司股东的扣除非经常性损益的净利润为-2, ...

截至2026年1月28日收盘，博敏电子(603936)报收于12.63元，下跌2.7%，换手率4.75%，成交量29.97万 手，成交额3.82亿元。 当日关注点 交易信息汇总资金流向 1月28日主力资金净流出6792.47万元，占总成交额17.78%；游资资金净流入284.49万元，占总成交额 0.74%；散户资金净流入6507.98万元，占总成交额17.04%。 业绩披露要点业绩预告 博敏电子发布业绩预告，预计2025年全年归属净利润盈利1500万元至2200万元；扣非后净利润亏损1300 万元至2600万元。公司预计2025年度实现归属于上市公司股东的净利润为1,500万元至2,200万元，与上 年同期相比实现扭亏为盈；扣除非经常性损益后的净利润预计为-2,600万元至-1,300万元。业绩改善主 要因公司聚焦AI产业、汽车电子等高附加值PCB产品市场，推动产能释放和成本管控，主营业务亏损大 幅收窄。原材料价格高位运行对毛利造成压力，非经常性损益主要来自政府补助。本次业绩预告未经注 册会计师审计，最终数据以《2025年年度报告》为准。 博敏电子第五届董事会第二十五次会议决议公告 公司于2026年1月27 ...

Core Viewpoint - Nanjing Steel Co., Ltd. is actively engaging in various financial and operational strategies for 2026, including planned guarantees for subsidiaries, ongoing transactions with CITIC Bank, and the continuation of futures and derivatives hedging activities to mitigate risks associated with price fluctuations in the steel industry [1][2][3][4][5] Trading Information Summary - As of January 9, 2026, Nanjing Steel's stock closed at 5.52 yuan, up 1.28%, with a turnover rate of 1.55% and a trading volume of 955,300 shares, amounting to a total transaction value of 536 million yuan [1] - On the same day, the net inflow of main funds was 5.66 million yuan, accounting for 1.06% of the total transaction value, while retail investors experienced a net outflow of 22.72 million yuan, representing 4.24% of the total [1] Company Announcements Summary - Nanjing Steel's 14th meeting of the 9th Board of Directors on January 9, 2026, approved several resolutions, including expected daily related transactions for 2026, ongoing banking transactions with CITIC Bank, and guarantees for subsidiaries [1][2] - The company plans to hold its first extraordinary shareholders' meeting on January 26, 2026, to review various proposals, including daily related transactions and guarantees for subsidiaries [1][2] Guarantees and Transactions - Nanjing Steel expects to provide guarantees for its wholly-owned subsidiaries, with a maximum guarantee amount of 300 million yuan for the sales of steel, which represents 1.15% of the company's latest audited net assets [2] - The total expected daily related transactions for 2026 are estimated at 7.38 billion yuan, covering purchases of raw materials, sales of products, and financial transactions with CITIC Financial Company [2] Futures and Derivatives Hedging - The company plans to continue its hedging activities in the steel industry for the year 2026, with a maximum margin of 1 billion yuan at any given time and a maximum contract value of 5 billion yuan [3][4] - The hedging activities will include various products related to the company's operations, such as steel, iron ore, and coking coal, with risk management measures already established [4] Banking Transactions - Nanjing Steel intends to continue its financial dealings with CITIC Bank in 2026, with a maximum deposit balance of 2 billion yuan and a maximum credit balance of 5 billion yuan [5] - These transactions are classified as related transactions but do not constitute a major asset restructuring, and the pricing is deemed fair [5]

Core Viewpoint - The company, Shenzhen Kingsino Technology Co., Ltd., has approved several proposals during its 18th temporary board meeting, including plans for futures and derivatives hedging, investment activities, and expected guarantees for 2026, which will be submitted for shareholder approval [1][2][3][4][5][6]. Group 1: Futures and Derivatives Hedging - The company plans to engage in futures and derivatives hedging activities in 2026, with a maximum trading margin and rights amounting to 100 million yuan, valid from January 1, 2026, to December 31, 2026 [2][25]. - The hedging aims to manage price volatility risks associated with raw materials and products, particularly in the pig farming and feed production sectors [25][26]. Group 2: Futures and Derivatives Investment - The company intends to conduct futures and derivatives investment activities in 2026, with a maximum trading margin and rights amounting to 60 million yuan, also valid for the same period [2][39]. - This investment is aimed at effectively utilizing idle funds and obtaining investment returns while controlling risks [39][40]. Group 3: Expected Guarantees - The company plans to provide guarantees for cooperative farmers to secure bank financing, with a total guarantee amount not exceeding 100 million yuan [4][12]. - Additionally, the company will provide guarantees for its wholly-owned or controlled subsidiaries for various financing activities, with a total guarantee amount not exceeding 2.9 billion yuan [4][12][20]. Group 4: Comprehensive Credit Financing - The company aims to apply for a comprehensive credit financing limit of up to 5 billion yuan from banks and leasing institutions for 2026, with the actual financing amount determined by operational needs [5][64]. - This financing is expected to support the company's operational development without harming the interests of shareholders [68]. Group 5: Related Transactions - The company anticipates engaging in related transactions with its indirect controlling shareholder's subsidiaries, estimating sales of live pigs not exceeding 10 million yuan with one subsidiary and 20 million yuan with another [3][54][55]. - These transactions are considered normal business operations and are expected to contribute positively to the company's business development [59][60].

Core Viewpoint - The company Dingshengli (603335) is experiencing a slight decline in stock price and is planning to implement hedging strategies to mitigate risks associated with raw material price fluctuations [1][3]. Group 1: Stock Performance - As of May 23, 2025, Dingshengli's stock closed at 4.78 yuan, down 0.83% from the previous week [1]. - The stock reached a weekly high of 5.14 yuan on May 21 and a low of 4.72 yuan on May 19 [1]. - The company's current total market capitalization is 2.047 billion yuan, ranking 221 out of 228 in the automotive parts sector and 4838 out of 5148 in the A-share market [1]. Group 2: Shareholder Meeting - Dingshengli held its 2024 annual shareholder meeting on May 20, 2025, with 174 attendees representing 52.36% of the voting shares [2]. - The meeting approved 13 resolutions, including the financial reports and profit distribution plan for 2025 [2][4]. - All resolutions were passed, with related shareholders abstaining from voting on the related party transaction [2]. Group 3: Hedging Business - Dingshengli plans to engage in futures and derivatives hedging to mitigate risks from price fluctuations of key products and raw materials [3]. - The maximum investment amount for margin and premium will not exceed 20 million yuan, with a maximum contract value of 100 million yuan on any trading day [3]. - The company has established a management system for hedging activities and implemented various risk control measures [3].

Core Viewpoint - The company aims to conduct futures and derivatives hedging business to mitigate operational risks associated with price fluctuations of key products and raw materials, ensuring stable profit margins and operational efficiency [1][2][3]. Group 1: Transaction Purpose and Overview - The primary goal of the hedging business is to avoid and prevent risks from market price fluctuations of main products and raw materials, locking in expected profits or reducing losses from price declines [1][2]. - The hedging activities will be limited to futures and derivatives contracts related to metals such as aluminum, nickel, and lithium, as well as other raw materials relevant to the company's operations [1][3]. - The company will not engage in speculative or arbitrage trading, focusing solely on risk management [3][4]. Group 2: Transaction Amount and Funding - The maximum investment amount for the futures and derivatives hedging business will not exceed RMB 20 million at any given time, with the highest contract value held on any trading day capped at RMB 100 million [2][3]. - The funding for these activities will come from the company's own and self-raised funds, without involving raised capital [3][4]. Group 3: Approval Process - The company held a meeting on May 20, 2025, where the board of directors approved the proposal for the hedging business, which does not require shareholder approval [2][4]. - The audit committee confirmed that the hedging activities are closely related to daily operational needs and that the company has established a comprehensive management system for these activities [4][5]. Group 4: Risk Analysis and Control Measures - The company acknowledges potential risks associated with market volatility, liquidity, operational errors, and legal compliance, but emphasizes that the hedging activities are designed to minimize these risks [5][6]. - Risk control measures include establishing a robust hedging mechanism, conducting market data analysis, and implementing strict internal controls to manage funds and monitor risks [6][7]. Group 5: Impact on the Company - The hedging business is expected to enhance the company's ability to withstand price fluctuations, thereby improving financial stability without affecting the development of its core business [3][4]. - The company will adhere to relevant accounting standards for the recognition and measurement of financial instruments related to the hedging activities [7][8].