Zhefu Holding Group Co.Ltd(002266) yesterday announced that due to the continuous rise in the prices of various metals caused by the international situation, the original commodity futures hedging amount can no longer meet the needs of existing businesses, and it is planned to increase the futures hedging margin amount by no more than 1.2 billion yuan with its own funds. After the increase, the company is expected to carry out commodity futures hedging business with a margin of no more than 2 billion yuan.
According to the reporter of futures daily, copper, tin, gold, nickel, palladium and other products are the main products of Zhefu Holding Group Co.Ltd(002266) hazardous waste harmless treatment and renewable resource recycling business segment. The company’s production capacity of various metals is expanding, and the total amount of raw material procurement and inventory commodities priced is also increasing.
As the recent international turmoil has led to increased fluctuations in commodity prices, especially the sharp rise in the price of metal nickel, Zhefu Holding Group Co.Ltd(002266) said that in order to prevent the operating risks caused by the adverse changes in commodity prices faced by the company and lock in the gross profits of various metals, it is necessary to appropriately increase the types of commodity futures hedging business and the amount of margin according to the specific situation.
Zhefu Holding Group Co.Ltd(002266) ‘s announcement triggered heated discussions among investors. In response, Zhefu Holding Group Co.Ltd(002266) quickly responded that up to now, the company has only conducted futures hedging business for part of the total production of copper and tin, and has not conducted futures hedging transactions for nickel, gold and palladium. At present, the hedging business of copper and tin is carried out normally and the margin is sufficient, There is no margin replenishment due to position explosion.
