Core Viewpoint - The company intends to conduct foreign exchange derivative hedging to mitigate risks associated with currency fluctuations, primarily due to its significant overseas sales revenue denominated in USD [1][2]. Transaction Overview - The company has a high proportion of overseas sales revenue, primarily settled in USD, making it vulnerable to foreign exchange market volatility [1]. - The maximum balance for foreign exchange derivative hedging will not exceed 800 million USD, with the ability to roll over this amount within the specified period [2]. - The company plans to engage with qualified financial institutions approved by the State Administration of Foreign Exchange and the People's Bank of China for these transactions [2]. - The investment period for these transactions is set for 12 months from the date of approval by the shareholders' meeting [2]. - The funding for these hedging activities will come from the company's own funds, without involving raised capital [3]. Risk Analysis and Control Measures - The company aims to lock in exchange and interest rate risks without engaging in speculative trading, although some market risks remain [3]. - The company has established relationships with compliant financial institutions to minimize performance risk [3]. - The company has implemented clear operational principles, approval authority, internal processes, and risk control measures to manage transaction risks effectively [4]. Impact on the Company - The proposed foreign exchange derivative transactions are closely related to the company's operations and are expected to enhance its ability to manage foreign exchange risk, thereby improving financial stability [5]. Approval Process and Opinions - The board of directors and the supervisory board have approved the proposal for foreign exchange derivative hedging, which will be submitted to the shareholders' meeting for final approval [5]. - The supervisory board believes that the hedging activities align with the company's operational needs and will effectively mitigate currency fluctuation risks, protecting the interests of all shareholders [5]. - The sponsoring institution has confirmed that the proposal complies with relevant regulations and does not harm the interests of shareholders, particularly minority shareholders [6].

Core Viewpoint - Shenzhen Zhihui Precision Technology Co., Ltd. (智动力) is actively engaging in financial management and risk mitigation strategies, including a stock incentive plan and foreign exchange hedging activities, to enhance operational efficiency and shareholder value [1][2][3]. Group 1: Trading Information - As of July 18, 2025, Zhihui's stock closed at 9.94 yuan, down 0.9%, with a turnover rate of 2.51% and a trading volume of 48,600 shares, amounting to a transaction value of 48.48 million yuan [1]. - On the same day, the fund flow showed a net outflow of 1.70 million yuan from institutional investors, while retail investors contributed a net inflow of 1.58 million yuan [5]. Group 2: Company Announcements - The fourth board meeting on July 17, 2025, approved several resolutions, including the 2025 restricted stock incentive plan and the management measures for its implementation [1]. - The company plans to hold its second extraordinary general meeting on August 4, 2025, to discuss various proposals, including the stock incentive plan and the use of idle funds for cash management [2]. Group 3: Financial Management Initiatives - Zhihui plans to use up to 600 million yuan of idle funds for cash management, focusing on low-risk financial products with high liquidity and safety [2]. - The company intends to engage in foreign exchange hedging activities to mitigate currency fluctuation risks, with a maximum margin and premium of 5 million yuan and a maximum contract value of 2 billion yuan per trading day [3][5]. Group 4: Risk Management Policies - The company has established a financial derivatives trading management system to regulate trading activities and prevent risks associated with foreign exchange and interest rate fluctuations, explicitly prohibiting speculative trading [6].

交易信息汇总 7月18日，安徽建工的资金流向显示，主力资金净流出1052.22万元，占总成交额16.53%；游资资金净流 入480.26万元，占总成交额7.54%；散户资金净流入571.96万元，占总成交额8.98%。 截至2025年7月18日收盘，安徽建工(600502)报收于4.8元，上涨0.21%，换手率0.77%，成交量13.28万 手，成交额6365.64万元。 当日关注点 公司公告汇总安徽建工第九届董事会第九次会议决议公告 安徽建工集团股份有限公司控股子公司安徽建工公路桥梁建设集团有限公司（以下简称"建工路桥"）申 请发行总额不超过人民币10亿元的超短期融资券和总额不超过人民币20亿元的中期票据，该申请已经公 司第九届董事会第五次会议审议通过，并经2025年第一次临时股东大会审议批准。建工路桥近日收到中 国银行间市场交易商协会出具的《接受注册通知书》，决定接受建工路桥超短期融资券和中期票据注 册，注册金额分别为10亿元和20亿元，注册额度自通知书落款之日起2年内有效，由徽商银行股份有限 公司主承销。建工路桥可在注册有效期内分期发行超短期融资券和中期票据，如需备案发行，应事前先 向中国银行间市场交易 ...

Core Viewpoint - The company plans to adjust its commodity futures hedging business for 2025 by increasing the use of options trading to mitigate the adverse effects of price fluctuations in copper and silver on its operations [1][2][7]. Group 1: Business Overview - The company aims to conduct commodity futures and options hedging to effectively control market risks and reduce the impact of raw material price volatility on production costs and product pricing [2][3]. - The maximum balance for margin and premiums for the hedging business is set at RMB 20 million, with a usage period from the board's approval date until March 3, 2026 [2][3][6]. Group 2: Risk Management - The company emphasizes that the hedging activities will not be for speculative purposes but will focus on risk mitigation related to raw material price fluctuations [3][4]. - Specific risk control measures include optimizing the scale and duration of hedging, adhering to internal control systems, and enhancing the professional knowledge of personnel involved in hedging activities [4][5]. Group 3: Approval Process - The board of directors and the supervisory board have both approved the adjustment of the hedging business, confirming that the procedures comply with relevant laws and regulations [6][7]. - Independent directors also supported the decision, highlighting that the adjustments would not harm the interests of the company or its shareholders [7].

Core Viewpoint - The company has established a management system for futures and options hedging to mitigate risks associated with price fluctuations in its operations, ensuring stable business development [1][2]. Group 1: General Principles - The company aims to conduct futures and options trading solely for hedging purposes, avoiding speculative and arbitrage activities [1][3]. - The hedging activities must align with the company's operational needs and risk exposure, ensuring that the types, scales, and durations of the hedging instruments match the underlying risks [1][3]. - The company prohibits subsidiaries from engaging in hedging activities without prior approval [1][2]. Group 2: Approval Authority - A feasibility analysis report must be prepared and submitted to the board of directors for approval before engaging in hedging activities [2][3]. - If the expected margin and premium exceed 50% of the latest audited net profit or exceed 5 million RMB, shareholder approval is required [2][3]. Group 3: Risk Management and Responsibilities - The board's audit committee is responsible for reviewing the necessity and feasibility of hedging activities and ensuring risk control measures are in place [4][5]. - The finance department oversees the accounting and management of futures and options transactions, ensuring compliance with established procedures [5][6]. - Subsidiaries must adhere to the established hedging volume and stop-loss limits, ensuring that speculative trading is strictly prohibited [6][7]. Group 4: Operational Procedures - The company has outlined specific procedures for initiating and executing hedging transactions, including the development of hedging plans and the approval process for trading activities [9][10]. - Weekly reports on trading activities, including positions and profit/loss status, must be submitted to the general manager [11][12]. Group 5: Documentation and Confidentiality - All original documents related to hedging transactions must be retained for at least 10 years, ensuring compliance with regulatory requirements [12][13]. - Employees involved in hedging activities are required to adhere to confidentiality protocols regarding trading strategies and financial information [13][14].

安徽建工集团股份有限公司 第九届董事会第九次会议决议公告 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。 一、董事会会议召开情况 安徽建工集团股份有限公司第九届董事会第九次会议于 2025 年 7 月 18 日以通讯 方式召开。会议应出席董事 7 人，实际出席董事 7 人。本次会议的召开符合《公司法》 和《公司章程》的规定。 二、董事会会议审议情况 证 券 代 码 ： 600502 证券简称：安徽建工 编 号 ： 2025-046 经与会董事书面表决，会议形成如下决议： （一）审议通过了《关于开展钢材期货套期保值业务的议案》，同意依据公司编 制的《关于开展钢材期货套期保值业务的可行性分析报告》, 由公司所属子公司安徽 建工现代商贸物流集团有限公司开展钢材期货套期保值业务，交易保证金最高额度不 超过人民币 1,500 万元，任一交易日持有的最高合约价值不超过人民币 15,000 万元， 上述额度自公司董事会审议通过之日起 12 个月内有效。如单笔交易的存续期超过了 授权期限，则授权期限自动顺延至该笔交易终止时止。 本议案已经公司 ...

证券代码：688678 证券简称：福立旺 公告编号：2025-056 转债代码：118043 转债简称：福立转债 福立旺精密机电（中国）股份有限公司 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、准确性和完整性依法承担法律责任。 重要内容提示： ? 福立旺精密机电(中国)股份有限公司（以下简称"公司"）拟开展外汇 套期保值业务，拟开展的外汇衍生品交易业务包括但不限于远期结售汇、远期外 汇买卖、买入期权及期权组合等产品或上述产品的组合。套期保值资金额度不超 过 3,000.00 万美元或等值外币（额度范围内资金可滚动使用），额度有效期为自 公司董事会审议通过之日起 12 个月，资金来源为自有资金，不涉及募集资金。 一、开展外汇套期保值业务的必要性 公司出口业务主要采用美元、欧元等外币进行结算，因此当汇率出现较大波 动时，汇兑损益将对公司的经营业绩造成一定影响。为有效规避外汇市场的风险， 防范汇率波动对公司经营业绩造成不利影响，提高外汇资金使用效率，合理降低 财务费用，公司拟与银行开展外汇套期保值业务。公司的外汇套期保值业务以正 常生产经营为基础，以规避和防 ...

转自：新华财经 近日，中国建设银行广西区分行在南宁成功举办2025年大宗商品套保业务培训班，这是该行落实集团"金智惠民"工程的重要实践。培训班聚焦广西涉农企业 风险管理需求，邀请二十余家区内重点农产品生产加工企业代表与资深专家齐聚一堂，共同探讨大宗商品市场风险应对之道，助力企业筑牢经营"防火墙"。 专家云集 解码套保实战要点 培训班特邀建设银行总行贵金属及大宗商品业务部、大连商品交易所、建信期货公司的资深产品专家进行专题授课。专家团队深入分析了近期国际国内宏观 经济形势，对农产品类大宗商品市场走势进行了专业研判，并结合典型案例详细解读了套期保值业务的操作策略与风险管理要点。通过理论讲解与案例剖析 相结合的方式，帮助企业全面了解套期保值工具在稳定经营中的重要作用。 集团协同 构建全链条服务生态 作为国有大行，建设银行始终牢记服务实体经济的初心使命。在集团层面，建行总行率先于2023年组建贵金属及大宗商品业务部，成为将商品类业务成立专 门部门并进行专业化经营的银行，与子公司建信期货双翼驱动，打造了覆盖境内外、场内外的一站式综合服务平台。在产品层面，建设银行已实现对国内外 主流商品合约的全品种覆盖，可提供远期、期权 ...

Core Viewpoint - The company has established a comprehensive management system for foreign exchange hedging business to mitigate investment risks and ensure asset safety [1][2][3] Group 1: Regulations and Compliance - The foreign exchange hedging business must comply with relevant laws and regulations, and the company must fulfill decision-making procedures and information disclosure obligations [2] - The company is prohibited from engaging in foreign exchange hedging solely for profit; all activities must be based on normal business operations to mitigate exchange rate or interest rate risks [2][3] - Only financial institutions approved by the State Administration of Foreign Exchange and the People's Bank of China can be engaged for foreign exchange hedging transactions [2][3] Group 2: Operational Guidelines - The company must establish a foreign exchange hedging trading account in its own name and cannot use others' accounts for these transactions [3] - The financial department is responsible for the specific operations of foreign exchange hedging, including market research and analysis of exchange rates [4] - The company must have sufficient self-owned funds for hedging activities and cannot use raised funds for these transactions [2][4] Group 3: Approval and Reporting Structure - The management team formulates foreign exchange hedging plans, which must be submitted to the board of directors or shareholders for approval [3][4] - The audit department supervises the actual operations and financial usage of the foreign exchange hedging business [4] - Any significant risks or deviations must be reported to the board of directors or shareholders promptly [4][6] Group 4: Risk Management - The financial department must conduct timely analysis and risk forecasting when exchange rates fluctuate significantly [6][7] - If losses from hedging reach or exceed 10% of the company's audited net profit attributable to shareholders or exceed 10 million yuan, immediate reporting to the chairman and audit department is required [7][8] - The company must disclose any significant risks that meet regulatory disclosure standards [8]

Core Viewpoint - The document outlines the regulations and management framework for the foreign exchange hedging business of KJ Intelligent Technology Co., Ltd, emphasizing the importance of risk management and compliance with relevant laws and regulations [1][2][3]. Summary by Sections General Principles - The foreign exchange hedging business aims to mitigate currency and interest rate risks through various financial instruments, including forward contracts, swaps, and options [1]. - The policy applies to the company and its subsidiaries, prohibiting subsidiaries from engaging in hedging activities without company approval [1]. Operational Principles - The company must conduct hedging activities legally, prudently, and effectively, ensuring that all transactions are based on actual business operations and not for speculative purposes [2]. - Transactions are only permitted with qualified financial institutions approved by the State Administration of Foreign Exchange and the People's Bank of China [2]. - Hedging contracts must align with the company's foreign currency cash flow forecasts, and the amounts involved should not exceed these forecasts [2]. Responsibilities and Approval Authority - The finance center is responsible for executing hedging activities, while the internal audit center oversees compliance and risk management [3][4]. - The board of directors and shareholders' meeting are the decision-making bodies for hedging activities, requiring feasibility reports for transactions exceeding certain thresholds [4][5]. Management and Internal Procedures - The finance center must monitor currency trends and develop hedging plans, while the internal audit department reviews the execution and financial implications of these activities [6][7]. - All personnel involved in hedging must adhere to confidentiality protocols to protect sensitive information [7]. Risk Reporting and Disclosure - The finance center is tasked with tracking market prices and assessing risk exposure, reporting findings to management and the board [8]. - The company must disclose hedging activities and any significant losses that exceed specified thresholds, ensuring transparency in financial reporting [8][9].