Core Points - The stock price of Langwei Co., Ltd. (301202) closed at 41.83 yuan on October 29, 2025, down by 1.97% with a turnover rate of 4.01% and a trading volume of 14,900 shares, amounting to a transaction value of 62.74 million yuan [1] Group 1: Trading Information - On October 29, the net outflow of main funds was 15.145 million yuan, while retail investors saw a net inflow of 11.2578 million yuan [2][4] - Speculative funds had a net inflow of 3.8872 million yuan on the same day [2] Group 2: Company Announcements - Langwei's wholly-owned subsidiary, Ningbo Feiman Cable Co., Ltd., plans to conduct copper futures hedging to mitigate risks associated with copper price fluctuations, with a margin amount not exceeding 10 million yuan and a contract amount not exceeding 60 million yuan [3][4] - The hedging activities will be limited to copper futures related to production operations, and the company has established a management system for futures hedging [3]

Core Viewpoint - Longwei Co., Ltd. announced that its wholly-owned subsidiary, Ningbo Feiman Cable Co., Ltd., will engage in copper futures hedging to mitigate commodity price volatility risks, with strict prohibitions on speculative trading [1] Group 1: Company Announcement - The fourth meeting of the fourth board of directors was held on October 27, 2025, where the proposal for the subsidiary to conduct futures hedging was approved [1] - Ningbo Feiman is authorized to use its own funds for hedging activities directly related to its daily production and operation materials [1] - The maximum margin amount for hedging activities is set at RMB 10 million, while the contract amount can reach up to RMB 60 million, with the ability to roll over within the specified limits [1]