Core Viewpoint - The company, Dibai Electric (603320), plans to engage in commodity futures and foreign exchange hedging activities in 2026 to manage risks associated with raw material prices and exchange rate fluctuations [1][2]. Company Announcements - The company will hold its sixth board meeting on December 30, 2025, to approve the hedging proposals for 2026 [1]. - The board has approved the use of self-owned funds for hedging copper and aluminum futures, as well as foreign exchange hedging, to mitigate risks from price and exchange rate volatility [1][4]. - The hedging activities will be limited to production-related commodities, with a maximum margin of 1 million RMB for copper and aluminum, and a maximum contract value of 10 million RMB [2][4]. Risk Management - The company has established a management system for the hedging activities, ensuring that they are not speculative in nature [2][4]. - The maximum margin for foreign exchange hedging will be 100,000 USD, with a maximum contract value of 1 million USD [2][4]. - A dedicated hedging management team will be set up to oversee the activities, with strict risk control measures in place [2][4].