中国船舶公告称，公司出口船及进口物资以外币结算，产品建造周期长，汇率和大宗商品价格波动影响 效益，拟开展期货和衍生品交易业务。2026年新开展交易额度预计不超240亿美元，任一交易日持有的 最高合约价值不超510亿美元，交易期限为2026年1月1日至12月31日。资金源于进出口合同预期收汇及 手持本外币资金，不使用募集资金。交易严守套期保值原则，公司已建立风控和内控制度，开展该业务 具备可行性。 ...

Core Insights - U.S. stocks experienced an upward trend, with the Dow Jones increasing by over 300 points on Wednesday [1] - Urban Outfitters Inc reported third-quarter earnings per share (EPS) and sales that exceeded analyst expectations, leading to a significant rise in its stock price [1][2] Urban Outfitters Inc - The company reported quarterly earnings of $1.28 per share, surpassing the Street estimate of $1.18 by 8.11% [2] - Quarterly revenue reached $1.53 billion, exceeding the analyst estimate of $1.47 billion and showing an increase from $1.36 billion in the same period last year [2] - Urban Outfitters shares surged by 10.1% to $75.21 following the earnings report [2] Other Notable Stocks - Falcon's Beyond Global Inc shares increased by 26% to $18.02 [4] - Ironwood Pharmaceuticals, Inc. shares rose by 18.7% to $3.72 [4] - YD Bio Ltd shares gained 18.1% to $10.97 after announcing 510(k) clearance and plans for a clinical trial [4] - SuperX AI Technology Ltd shares rose by 17.5% to $25.78 following a $20 million share repurchase program authorization [4] - Arrowhead Pharmaceuticals Inc shares jumped by 17.4% to $54.94 after reporting better-than-expected quarterly results [4] - Petco Health and Wellness Company Inc shares surged by 14.6% to $3.40 after reporting better-than-expected third-quarter EPS results [4] - Robinhood Markets Inc shares rose by 8.8% to $125.83 after announcing the introduction of a futures and derivatives exchange and the acquisition of 90% of MIAX Derivatives Exchange [4]

智通财经获悉，周三，Robinhood(HOOD.US)股价走高，截至发稿，该股涨超6.5%，报123.17美元。消 息面上，Robinhood正在推出期货和衍生品交易所及清算所，加深其对预测市场的投资。其通过与 Susquehanna合作成立一家新的、独立运营的合资企业，Robinhood将作为控股合伙人，并提供零售需求 和分销渠道。做市商Susquehanna International Group为关键合作伙伴和首日流动性提供商，未来还将引 入其他流动性提供商。该合资企业将通过收购MIAXdx来加速其服务交付。 本文源自：智通财经网 MIAXdx是一家获得美国商品期货交易委员会(CFTC)许可的指定合约市场(DCM)、衍生品清算机构 (DCO)和掉期执行机构 (SEF)，也是迈阿密国际控股(MIAX.US)的全资子公司。MIAX将继续持有该交易 所10%的战略股权。这家独立的合资企业将为期货佣金商(FCM)平台提供期货和衍生产品，包括 Robinhood预测市场，预计将于2026年开始运营。 ...

智通财经APP获悉，周三，Robinhood(HOOD.US)股价走高，截至发稿，该股涨超6.5%，报123.17美 元。消息面上，Robinhood正在推出期货和衍生品交易所及清算所，加深其对预测市场的投资。其通过 与Susquehanna合作成立一家新的、独立运营的合资企业，Robinhood将作为控股合伙人，并提供零售需 求和分销渠道。做市商Susquehanna International Group为关键合作伙伴和首日流动性提供商，未来还将 引入其他流动性提供商。该合资企业将通过收购MIAXdx来加速其服务交付。 MIAXdx是一家获得美国商品期货交易委员会(CFTC)许可的指定合约市场(DCM)、衍生品清算机构 (DCO)和掉期执行机构 (SEF)，也是迈阿密国际控股(MIAX.US)的全资子公司。MIAX将继续持有该交易 所10%的战略股权。这家独立的合资企业将为期货佣金商(FCM)平台提供期货和衍生产品，包括 Robinhood预测市场，预计将于2026年开始运营。 ...

本周关注点 公司公告汇总 截至2025年11月21日收盘，方邦股份（688020）报收于59.52元，较上周的62.27元下跌4.42%。本周， 方邦股份11月17日盘中最高价报66.8元。11月21日盘中最低价报58.15元。方邦股份当前最新总市值 49.03亿元，在元件板块市值排名45/57，在两市A股市值排名3271/5167。 广州方邦电子股份有限公司为全资子公司珠海达创电子有限公司向中国农业银行股份有限公司广州珠江 支行申请的1亿元银行贷款提供连带责任保证担保，担保期限为主债务履行期届满之日起三年。本次担 保金额在公司董事会审批额度内，无需另行审议。珠海达创为公司合并报表范围内子公司，公司对其经 营具有控制力，担保风险可控。截至公告日，公司及子公司无其他对外担保，无逾期担保。 广州方邦电子股份有限公司为规范期货和衍生品交易行为，防范风险，依据相关法律法规及公司章程， 制定本制度。制度明确公司从事期货和衍生品交易应遵循合法、审慎、安全、有效原则，仅限于与生产 经营相关的套期保值活动，不得从事以投机为目的的交易，且不得使用募集资金。交易须经董事会或股 东会审议，涉及重大金额的需提交股东会审议。公司应建立 ...

Core Points - The company has established a system to regulate futures and derivatives trading, aiming to control risks and enhance investment returns while protecting the interests of the company and its shareholders [1][2][4] - The system applies to the company and its wholly-owned and controlling subsidiaries, with specific exceptions outlined [1][2] - The company is prohibited from using raised funds for futures and derivatives trading, focusing instead on hedging activities related to specific risks [2][4] Group 1: Trading Regulations - Futures trading refers to transactions involving futures contracts or standardized options, while derivatives trading includes swaps, forwards, and non-standardized options [1][2] - The company must establish internal control systems for futures and derivatives trading, including investment decision-making, business operations, and risk control [4][5] - The board of directors must approve futures and derivatives trading decisions, ensuring compliance with internal control procedures [5][6] Group 2: Risk Management - The company is required to form a working group for futures and derivatives trading, composed of professionals in investment decision-making, business operations, and risk control [6][8] - The working group must assess business risks and develop strict decision-making procedures and monitoring measures [6][8] - The company must set appropriate stop-loss limits and monitor market price changes to manage risks effectively [7][8] Group 3: Information Disclosure - The board of directors must disclose relevant documents to the stock exchange after making decisions on futures and derivatives trading [18][19] - The company must provide detailed information about the trading purpose, instruments, and expected risks when engaging in futures and derivatives trading [19][20] - Any significant losses or deviations from expected outcomes must be reported promptly, ensuring transparency in trading activities [20][21]

Core Viewpoint - Shandong Gold Mining Co., Ltd. has shown a positive stock performance with a closing price of 30.82 yuan, reflecting a 5.01% increase from the previous week, and is preparing for its annual shareholder meeting to discuss key financial and operational matters [1][5]. Company Announcements - The company will hold its 2024 annual shareholder meeting on June 11, 2025, to review 16 agenda items, including the annual reports and profit distribution plans [1][5]. - Shareholders can vote through trading systems or internet platforms, with the record date for A-share shareholders set for June 5, 2025 [2]. Performance Highlights - In 2024, the company achieved a gold production of 46.17 tons, with total revenue of 825.18 billion yuan and a net profit attributable to shareholders of 29.52 billion yuan [3][5]. - The company plans to provide a guarantee of up to 180 million USD for its Hong Kong subsidiary in 2025 to engage in futures and derivatives trading, as well as gold leasing and hedging activities [3][5].