在大宗商品市场价格波动加剧的背景下，期货套保成为油脂油料企业稳定经营、抵御风险的重要手段。 在这一领域，金龙鱼（300999）无疑是行业的佼佼者。8月12日，金龙鱼发布的半年报显示，今年上半 年其期货套保业务取得了非常突出的成绩。值得一提的是，金龙鱼通过透明、全面的信息披露，也为行 业树立了套保信披的标杆，赢得了市场的广泛信任。 套保战略升级：从风险防御到价值赋能 对油脂油料企业而言，原材料价格的大幅波动直接影响生产成本与盈利能力的稳定性。套期保值作为核 心风险管理工具，通过提前锁定原材料采购价格或产品销售价格，帮助企业稳定经营业绩。金龙鱼凭借 业务团队的专业积淀与系统运作能力，已成功将套期保值从单纯的风险防御手段升级为支撑企业稳健运 营的战略基石，实现了期货工具与现货经营的深度融合。 数据显示，今年上半年金龙鱼实现营收1156.82亿元，同比增长5.67%；归母净利润17.56亿元，同比增 长60%；扣非净利润13.89亿元，同比增长764%。取得如此亮眼的业绩，套期保值业务功不可没。期货 日报记者发现，除期货套保外，2025年上半年金龙鱼商品签出期权的衍生品投资收益为5133万元，高于 2024年同期的2 ...

套保战略升级：从风险防御到价值赋能 对油脂油料企业而言，原材料价格的大幅波动直接影响生产成本与盈利能力的稳定性。套期保值作为核 心风险管理工具，通过提前锁定原材料采购价格或产品销售价格，帮助企业稳定经营业绩。金龙鱼凭借 业务团队的专业积淀与系统运作能力，已成功将套期保值从单纯的风险防御手段升级为支撑企业稳健运 营的战略基石，实现了期货工具与现货经营的深度融合。 数据显示，今年上半年金龙鱼实现营收1156.82亿元，同比增长5.67%；归母净利润17.56亿元，同比增 长60%；扣非净利润13.89亿元，同比增长764%。取得如此亮眼的业绩，套期保值业务功不可没。期货 日报记者发现，除期货套保外，2025年上半年金龙鱼商品签出期权的衍生品投资收益为5133万元，高于 2024年同期的2283万元。 另一家油脂企业——道道全在套期保值方面同样成效显著。今年上半年，道道全实现营收27.92亿元， 同比增长1.16%；归母净利润1.81亿元，同比增长563.15%。公司在半年报中明确表示，为有效降低原材 料和产成品价格波动对经营业绩的不利影响，利用商品期货开展套期保值业务以规避市场价格风险，保 障公司经营的稳定性和可 ...

Core Viewpoint - Jiangsu Highhope International Group Corporation is convening its first extraordinary general meeting of shareholders in 2025 to discuss a proposal regarding its subsidiaries engaging in hedging activities and related transactions [1][2]. Group 1: Meeting Details - The meeting is scheduled for August 18, 2025, at 14:00 in Nanjing [2]. - The agenda includes voting on the proposal for subsidiaries to conduct hedging activities [2][3]. - Voting will be conducted through both on-site and online methods, with each share carrying one vote [2]. Group 2: Proposal Overview - The proposal involves subsidiaries Jiangsu Suhao Zhongjin Development Co., Ltd. and Jiangsu Suhao Zhongtian Holdings Co., Ltd. engaging in hedging through Hongye Futures Co., Ltd. [3][4]. - The hedging activities aim to mitigate risks associated with price fluctuations of raw materials and metals relevant to their operations [3][4]. - The maximum margin required for these hedging activities will not exceed 4% of the company's latest audited net assets [3]. Group 3: Transaction Details - The hedging will be conducted on domestic exchanges and will not involve overseas futures or derivatives [4]. - The authorization for these activities will be valid for 12 months from the date of approval by the shareholders [4][5]. - The funding for these transactions will come from the subsidiaries' own funds, avoiding the use of raised capital or bank loans [3]. Group 4: Approval Process - The proposal has been reviewed and approved by the Audit, Compliance, and Risk Control Committee, as well as the Independent Directors and the Supervisory Board [5][6]. - The committee believes that the hedging activities will enhance the company's risk management capabilities and are in the best interest of all shareholders [5][6]. Group 5: Related Party Transactions - Hongye Futures is a subsidiary of the controlling shareholder Suhao Holdings Group, establishing a related party relationship [6][7]. - The transaction is deemed to follow fair market principles and will not harm the interests of minority shareholders [6][10]. Group 6: Financial Impact and Accounting Treatment - The hedging activities are expected to support the company's operational stability without affecting its main business development [13]. - The company will adhere to relevant accounting standards for financial reporting related to these hedging activities [13].

Core Viewpoint - The company held its 37th meeting of the 10th Board of Directors, where several key resolutions were passed regarding hedging activities, management system revisions, and fund extensions [1][2][3][4] Group 1: Hedging Business and Related Transactions - The company’s subsidiary plans to engage in hedging activities using its own funds through Hongye Futures, with a maximum margin and premium usage not exceeding 4% of the latest audited net assets attributable to shareholders [1][2] - The resolution for the subsidiary's hedging activities was approved with 4 votes in favor, 0 against, and 2 abstentions from related directors [2] Group 2: Management System and Fund Extensions - The Board approved the revision of the "Hedging Business Management System," with 6 votes in favor and no opposition [2] - The Board agreed to extend the duration of the Shanghai Sailin Huihong Equity Investment Fund for three years without charging management fees [3] Group 3: Asset Optimization - The company’s subsidiary, Suhao Zhongjin, will publicly transfer 20% of its partnership interest in Shenzhen Yulan De Equity Investment Fund at an assessed value of 0, with a transfer price of 1 yuan [3][4] - The transfer is expected to have no significant impact on the financial status or operations of the company and its subsidiaries [4] Group 4: Shareholder Meeting - The Board approved the convening of the 2025 First Extraordinary General Meeting of Shareholders [4]

Core Viewpoint - The company held its 16th meeting of the 10th Supervisory Board on July 31, 2025, to discuss and approve the proposal for its subsidiary to engage in hedging activities and related transactions [1][2]. Group 1 - The meeting was attended by all three supervisors, and the proceedings complied with the Company Law and the company's articles of association [1]. - The Supervisory Board approved the proposal for the subsidiary to conduct hedging business through Suhao Hongye Futures Co., Ltd., confirming that the process adhered to market pricing principles and did not harm the interests of the company or its shareholders, particularly minority shareholders [1][2]. - The proposal will be submitted for review at the first extraordinary general meeting of shareholders in 2025 [2].

Core Viewpoint - The independent directors of Jiangsu Huihong International Group Co., Ltd. have reviewed and approved the proposal for the subsidiary to engage in hedging business and related transactions, emphasizing that the transactions are based on actual operational needs and aim to mitigate market price fluctuations [1][2]. Summary by Sections Proposal for Hedging Business and Related Transactions - The proposal involves Jiangsu Suhao Zhongjin Development Co., Ltd. and Jiangsu Suhao Zhongtian Holdings Co., Ltd. engaging in hedging activities through Hongye Futures, which is a subsidiary of the controlling shareholder Suhao Holding Group [1]. - The independent directors concluded that the transactions are necessary for operational needs and are designed to reduce uncertainties caused by market price volatility, thereby enhancing the company's overall risk resistance [1]. - The transactions adhere to principles of voluntariness, equality, and fairness, ensuring that there is no harm to the interests of the company and all shareholders, particularly minority shareholders [1].

Group 1 - China Construction Bank's Guangxi branch successfully held a training session on commodity hedging for 2025, focusing on the risk management needs of agricultural enterprises in Guangxi [1][5] - The training featured over twenty representatives from key agricultural product processing companies and included expert analysis of recent macroeconomic trends and commodity market movements [3][4] - The bank aims to enhance its commodity business capabilities and provide professional financial services to help agricultural enterprises mitigate market risks [5] Group 2 - The training included specialized lectures from experts in precious metals and commodity business, as well as from Dalian Commodity Exchange and Jianxin Futures, covering operational strategies and risk management for hedging [3][4] - China Construction Bank has established a dedicated department for commodity business, creating a comprehensive service platform that covers both domestic and international markets [4] - The bank has introduced the "Nongbao Tong" product in its rural financial service system to address financing challenges faced by agricultural entities, contributing to rural revitalization [4]