证券日报网讯12月30日，金一文化（002721）在互动平台回答投资者提问时表示，受多重因素影响，今 年上半年至今黄金处于持续上涨的高价位，公司黄金套期保值业务按照相关规定履行了相应的审批程序 后开展，今年适时采取平仓且不开新仓的策略应对金价上涨。 ...

Core Viewpoint - The company has adjusted its gold hedging strategy in response to rising gold prices, opting to close existing positions without opening new ones [1] Group 1: Company Response - The company confirmed that it has implemented a strategy to close existing gold hedging positions due to the continuous rise in gold prices this year [1] - The decision to adjust the gold hedging strategy was made after following the necessary approval procedures as per relevant regulations [1] Group 2: Market Context - Gold prices have been on a sustained upward trend since the beginning of the year, influenced by multiple factors [1]

12月24日，现货黄金（伦敦金现）首次站上4500美元/盎司关口，2025年累计涨逾70%。 金价的大幅波动对相关行业产生显著影响。《中国经营报》记者注意到，多家上市公司发布公告称，开 展黄金套期保值，以规避价格波动风险。 中国有色金属工业协会金银分会副秘书长、山东招金金银精炼有限公司副总经理梁永慧指出，在黄金价 格大幅上涨的背景下，黄金企业需要在库存管理和采购策略上采取灵活且多元化的措施，以应对价格波 动带来的风险，同时优化资金使用效率。 相关统计显示，2025年1月至10月，共有1737家上市公司发布公告拟参与期货市场，同比增长10.8%。 整体来看，企业参与期货套期保值及灵活运用期货、期权工具，能提升经营稳定性，增强产业链韧性。 上市公司套保"进行时" 12月23日，中金岭南（000060.SZ）发布公告，由于国内外经济形势复杂多变，有色金属产品市场价格 波动较大，为规避公司生产经营中的商品价格风险，公司通过对生产经营业务相关的产品及原材料开展 套期保值业务，规避市场价格波动风险、维持经营业绩稳定。开展的套期保值业务主要为与公司生产经 营相关的产品及原材料的期货业务，商品期货业务品种包括：铜、铅、锌、铝 ...

Core Viewpoint - The company announced its expected daily related transactions for the year 2026, stating that these transactions will not adversely affect its financial status or operational results, and will not harm the interests of shareholders, particularly minority and non-related shareholders [2][22]. Summary by Sections Daily Related Transactions Overview - The company held a board meeting on December 4, 2025, where the expected daily related transactions for 2026 were approved unanimously by the independent directors and the board [3][4][28]. - The expected transaction amounts do not meet the threshold for requiring shareholder meeting approval [4]. Related Parties and Relationships - **Mingpai Jewelry Co., Ltd.**: This company is controlled by individuals who hold over 5% of the company's shares and has a long-standing business relationship with the company [6][7]. - **Zhang Yiyuan Tea Co., Ltd.**: This company is also a related party due to its management being associated with the company's major shareholder [9][11]. - **Financial Street Capital Operation Group Co., Ltd.**: This entity is the indirect controlling shareholder of the company and is involved in various related transactions [11][12]. Transaction Details and Pricing Policies - The company will engage in transactions such as processing services for gold and platinum jewelry, consignment sales of diamond-set jewelry, and leasing properties to and from related parties [14][16][17]. - Pricing for these transactions will follow government pricing where applicable, or be based on market comparables if no government pricing exists [18][20]. Purpose and Impact of Related Transactions - The transactions with Mingpai Jewelry are expected to continue due to a strong business relationship and fair pricing, which aligns with the company's operational needs [22]. - The leasing agreements with Zhang Yiyuan and Financial Street Capital are deemed beneficial for asset utilization and operational requirements, with rental prices set at market rates [23].

Group 1: Acquisition and Ownership - The company has acquired 43.18% of Kaike Weishi's shares and holds 14.30% of voting rights. Future acquisition of remaining shares will depend on performance commitments being met [1] - Kaike Weishi collaborates with over 300 banks, with more than 90% of its business coming from bank partnerships [2] - The company plans to pursue horizontal and vertical mergers and acquisitions based on Kaike Weishi, responding to national digital finance initiatives [2] Group 2: Business Operations and Strategy - Kaike Weishi's AI products primarily serve the banking sector, including applications like wealth management assistants and intelligent marketing tools [2] - The payment and clearing services provided by Kaike Weishi do not require a license and currently focus on domestic clients, with potential future international expansion [2] - The company is consolidating its gold and jewelry retail operations under Beijing Yuewang for better management and efficiency [2] Group 3: Financial Performance and Shareholder Structure - The top two shareholders, Haixin Asset and Haike Jin Group, are the controlling shareholders, with financial investors from restructuring holding less than 10% of shares [6] - The company engages in gold hedging activities as approved by the board, adapting strategies in response to rising gold prices [5] Group 4: Brand and Management - The gold and jewelry retail business operates primarily through wholly-owned brand stores, focusing on mid-to-high-end markets with a pricing strategy based on processing fees [4] - The management structure of Kaike Weishi includes a five-member board, with three directors nominated by the company, ensuring unified management and independent operations [8]