（文章来源：证券日报） 证券日报网2月2日讯 ，隆达股份在接受调研者提问时表示，公司目前通过对主要原材料镍、铜开展套 期保值业务，有效规避生产经营活动中因原材料价格波动带来的风险。同时，公司还通过批量采购、合 理安排采购时点等多种措施应对其他原材料价格上涨的风险，以降低原材料波动对公司生产经营产生的 影响。 ...

证券日报网讯1月26日，中国船舶（600150）在互动平台回答投资者提问时表示，公司以管理风险为目 的开展金融衍生交易。针对汇率波动带来的影响，公司以真实贸易为背景开展套期保值业务，降低风险 敞口，固化收入与成本，一定程度上能规避汇率波动带来的风险。 ...

证券日报网讯 1月25日，永杰新材发布公告称，公司2026年拟开展铝产品套期保值业务，任一交易日建 仓规模不超2万吨，保证金不超5000万元，最高合约价值不超5亿元；同期开展远期结售汇业务，外币金 额不超6000万美元，两业务期限均至2026年12月31日，资金全部来自自有资金。 （文章来源：证券日报） ...

证券日报网讯 1月23日，豫光金铅在互动平台回答投资者提问时表示，公司作为有色金属冶炼企业，为 平抑贵金属价格波动对经营业绩的潜在影响、保障公司稳健运营，公司开展适度套期保值业务，核心目 的是防范价格波动风险、实现经营收益稳定，相关业务均严格按照公司内控制度及监管要求开展。 （文章来源：证券日报） ...

Core Viewpoint - Zijin Mining (02899) aims to mitigate the adverse effects of commodity price fluctuations on its operations by utilizing financial instruments for hedging, thereby enhancing its risk defense capabilities and ensuring stable operations [1] Group 1 - The company has announced its intention to conduct hedging activities related to its production and operational business, specifically targeting products and raw materials [1] - The hedging strategy is also focused on managing foreign exchange risk exposure [1] - The overall goal of these measures is to strengthen the company's ability to withstand risks and maintain robust business operations [1]

Core Viewpoint - The company aims to effectively hedge against price fluctuations of commodities and raw materials, as well as foreign exchange risks, through its hedging business [2] Group 1: Hedging Business - The company's hedging activities have successfully achieved the goal of stable operations, effectively avoiding and controlling operational risks [2] - The company enhances its ability to withstand market risks through its hedging strategies [2] - Investors are encouraged to monitor the company's announcements regarding the impact of its hedging business on performance for the fiscal year 2025 [2]

Core Viewpoint - Anhui Huishang Group Material Co., Ltd. is facing significant challenges in its traditional trading model due to severe fluctuations in commodity prices, necessitating the use of financial tools to mitigate market risks [1] Group 1: Challenges and Solutions - State-owned enterprises like Anhui Huishang face obstacles in futures trading due to a lack of institutional frameworks and talent [2] - The Huishang Futures collaborative service team has been established to assist Anhui Huishang in building a risk management system from scratch, optimizing resource allocation, and promoting regional economic development [1][2] Group 2: Risk Management Framework - A comprehensive risk management system has been designed, ensuring clear responsibilities among decision-making, execution, and supervision [3] - The collaborative service team has developed a detailed set of management regulations and operational guidelines for hedging, covering aspects such as organizational structure, business processes, and internal controls [3][4] Group 3: Professional Training - Targeted training programs have been implemented to enhance the professional capabilities of Anhui Huishang's personnel in derivatives operations, significantly reducing potential risks during business execution [4][5] Group 4: Implementation and Results - The initial hedging operations have been successfully executed, with the first five sell hedging transactions in the ethylene glycol project yielding slight profits and receiving project subsidies from the exchange [5] - The company has effectively utilized the futures market to reduce operational risks and enhance pricing competitiveness, achieving a floating profit exceeding 3 million yuan from hedging operations in rebar and hot-rolled products [6] Group 5: Future Prospects - The collaborative service team's experience with Anhui Huishang has laid a solid foundation for serving other state-owned enterprises in Anhui, validating the sustainability and replicability of this service model [7]

Group 1 - Several leading listed companies have announced substantial hedging plans for the 2026 fiscal year, with notable commitments from 佛燃能源, 新奥股份, 隆基股份, and 三一重工 [1] - 佛燃能源 has set a maximum contract value limit of 12 billion RMB for its commodity and foreign exchange hedging business for 2026, with a margin cap of 4.17 billion RMB [1] - 新奥股份 plans to utilize a maximum margin and premium of 4.7 billion USD for its 2026 commodity hedging plan [1] - 隆基股份 has a maximum margin limit of 1.5 billion RMB for its hedging business in 2026 [1] - 三一重工's subsidiary plans to have a maximum trading margin and premium of 800 million RMB, with a maximum contract value of 2 billion RMB on any trading day [1] Group 2 - A total of 1,782 A-share listed companies in the real economy issued hedging-related announcements from January to November 2025, an increase of 279 companies or 18.6% compared to the entire year of 2024 [3] - Currency risk remains the primary hedging demand, with 1,311 companies issuing related announcements, followed by interest rate risk (517 companies) and commodity price risk (481 companies) [3] - The electronics, basic chemicals, power equipment, machinery, and pharmaceutical industries have the highest number of companies engaging in hedging [3] - Copper is identified as the most actively hedged commodity [3] - Over 30 domestic insurance institutions have entered the futures market, primarily using government bond futures and stock index futures to manage interest rate risk and equity market volatility [3] - The number of new accounts opened by insurance funds in the futures market increased by 166% year-on-year in the first 11 months of 2025, reaching a historical high [3] - Recent regulatory documents have supported the participation of insurance funds in financial derivatives trading, providing a framework for managing asset-liability risks [3]

Core Viewpoint - The company plans to implement hedging activities in 2026 to mitigate the risks associated with raw material price fluctuations, specifically focusing on commodities like soybean meal and corn [1] Group 1: Hedging Strategy - The company, including its wholly-owned and controlled subsidiaries, intends to conduct hedging activities for the year 2026 [1] - The maximum amount for the hedging position is set at 10 million yuan, with a maximum contract value of 100 million yuan held on any trading day [1] - The hedging will utilize a rolling position strategy, allowing for the recycling of funds, with the hedging period from January 1, 2026, to December 31, 2026 [1] Group 2: Compliance and Oversight - The trading will be conducted in a compliant and public manner, either on-exchange or over-the-counter [1] - The company's board of directors has approved the hedging plan, and the sponsor institution, CITIC Securities, has no objections [1] - The company has been advised to pay attention to the associated business risks [1]

Group 1 - The core point of the announcement is the resolution of the fourth temporary shareholders' meeting of Jiangsu Suhao Huihong Group Co., Ltd., which took place on November 14, 2025, with no resolutions being rejected [1][2]. - The meeting was held at the conference room on the 26th floor of Huihong Building, No. 91, Baixia Road, Nanjing [2]. - The meeting was convened by the board of directors and chaired by Chairman Yang Chengming, utilizing a combination of on-site and online voting methods, in compliance with relevant laws and regulations [2][3]. Group 2 - Out of the six current directors, four attended the meeting, while two independent directors were absent due to business reasons [3]. - The board secretary, Lu Fei, and all senior management personnel were present at the meeting [3]. - The first agenda item, concerning the increase of hedging business limits and related transactions for the company's subsidiary, was approved [4]. Group 3 - The meeting was witnessed by lawyers from Guohao Law Firm (Nanjing), with lawyers Zhu Xiaohong and Zhu Dandan present [8]. - The lawyers concluded that the convening and conducting of the shareholders' meeting complied with legal and regulatory requirements, and the resolutions made were valid [9].