Core Viewpoint - The article discusses how Haitong Futures, through its subsidiary Haitong Resource Management, utilizes innovative "spot + options" business models to provide effective risk management services to Zhejiang Dingchi Energy Co., helping the company stabilize operations and achieve trade growth despite market volatility [1][2]. Group 1: Business Model and Strategy - Haitong Resource tailored a risk management solution centered on "cumulative put options" for Zhejiang Dingchi Energy, allowing the company to lock in sales prices and enhance operating profits [2]. - The collaboration led to a significant increase in trade volume, with Zhejiang Dingchi's average monthly trade volume rising to approximately 6,000 tons, a year-on-year increase of about 50% [2]. Group 2: Financial Performance - The transaction involving the purchase of RB2501 linear payout cumulative put options resulted in a profit of 123,000 yuan, contributing to the overall increase in sales profits for the company [2]. - By the end of 2024, the cumulative project cooperation scale reached 95,000 tons, with an effective nominal principal of approximately 350 million yuan, completing 62 transactions in over-the-counter derivatives [2]. Group 3: Market Insights and Future Outlook - The innovative approach of converting spot holdings into a "spot + options" holding model allows companies to secure high-price pre-sales during price increases and enhance profits during price declines [3]. - Haitong Resource emphasizes the importance of understanding the personalized needs of enterprises to design targeted trading strategies, contributing to the stability and high-quality development of the real economy [3].