编者按：为了展示机构在服务实体经济、促进产创融合方面的成果，推动形成"金融赋能创新、创新驱 动产业"的良性循环，期货日报推出"期货赋能产业创新"优秀投教案例系列报道，助力期货行业在深化 工具应用、支持产业升级中实现高质量发展。 华东一家碳酸锂湿法回收企业的负责人去年没睡过几个安稳觉。2024年，新能源汽车产业狂飙突进，但 作为关键原料的碳酸锂的价格却大幅波动，让这位在行业耕耘多年的"老将"感到心力交瘁。"原料采购 和成品销售两端受压，价格波动直接吞噬我们本就微薄的利润。"他坦言，在接触期货工具之前，企业 面对市场风险几乎是在"裸奔"。 数百公里之外，一家刚刚中标国家电网项目的电缆企业同样面临抉择。2024年年初，铝价处于高位，若 按传统模式在现货市场采购，高达70%的原材料成本占比将把项目利润侵蚀殆尽。如何保证供货并控制 成本，成为横亘在企业面前的一道难题。 这些看似孤立的困境，实则折射出制造业面临的共同挑战。而在不确定性成为新常态的今天，期货公司 正通过创新金融工具，为实体企业装上应对市场波动的"稳压器"。 精准套保：为新能源产业链系上"安全带" 该方案通过累购期权结构，巧妙地在锁定采购成本上限的同时，保留 ...

Group 1 - The core issue facing the manufacturing industry in China is the volatility of raw material prices, particularly lithium carbonate, which directly impacts profit margins for companies [1] - Companies are increasingly turning to innovative financial tools provided by futures companies to manage market fluctuations and stabilize their operations [1][6] Group 2 - South China Futures customized a hedging system for a lithium carbonate company, enabling them to understand hedging principles and utilize complex tools like "circuit breaker enhanced cumulative put options" [2] - In a practical application, the company achieved an opening average price of 82,490 yuan/ton with an initial hedging volume of 30 tons, resulting in a 490 yuan/ton advantage compared to direct futures short selling [2] Group 3 - Dongwu Futures provided a "price lock without quantity lock" solution for a cable company, allowing them to cap procurement costs while retaining profit opportunities if prices fell [3] - This approach helped the company save 1.2 million yuan in procurement costs over a period, translating to approximately 461 yuan saved per ton [3] Group 4 - Guotai Junan Futures assisted Ningbo X Group in managing funding costs by recommending the use of 30-year government bond futures to hedge against high funding costs during a declining interest rate cycle [4] - The simulation indicated that holding the TL contract could reduce annual funding costs by 0.95% for a capital scale of 500 million yuan, with a margin requirement of about 1.15 million yuan [4] Group 5 - The use of futures tools is driving a significant shift in corporate management philosophy from passive pressure acceptance to active risk management [6] - Futures companies are evolving from mere channel providers to comprehensive service providers, offering a full suite of financial services that includes diagnosis, design, execution, and evaluation [6] - As more companies adopt these tools, the risk management capabilities and international competitiveness of Chinese manufacturing are improving [6]