Guangdong Baolihua New Energy Stock Co.Ltd(000690) board of directors
Special note on the company's securities investment in 2021
According to the spirit of relevant documents of Shenzhen Stock Exchange, the board of directors of the company organized relevant personnel to prepare the report of the board of directors of the company
Special description of the company's securities investment in 2021. The details are as follows:
1、 Overview of securities investment in 2021
Based on the characteristics of continuous growth of the company's power business scale and abundant cash flow in stages, in order to improve capital
Gold use efficiency and rate of return, explore new business growth points, and on the basis of risk control, through the eighth board of directors
The thirteenth meeting of the board of directors and the third meeting of the ninth board of directors considered and adopted relevant proposals, and the annual meeting of 2021 was held
The company plans to use its own funds totaling no more than RMB 2.8 billion for securities investment. The scope of investment includes:
Placement or subscription of new shares, securities repurchase, stock and depositary receipt investment, bond investment, entrusted financial management, new
Third board investment, derivatives trading and other investment activities recognized by Shenzhen Stock Exchange. Among them, derivatives
The transaction content is thermal coal futures hedging business.
During the reporting period, the profit and loss of securities investment was -2206825449 yuan. The company will further strengthen management,
Strictly control investment risks, revitalize existing assets, and strive to improve the effective use of funds and return on investment.
2、 Securities investment of the company during the reporting period
1. Portfolio of the company's securities investment at the end of the reporting period
At the end of the reporting period, the investments held by the company were stocks and derivatives (thermal coal).
2. At the end of the reporting period, the top ten securities listed by market value of the company unit: yuan, share,%
Securities included in equity securities securities initial investment current fair value profit accumulated current period purchase current period sale closing book accounting item code referred to as cost change profit and loss fair amount accounting for profit and loss in the reporting period Value variable account source
the Great Wall
China Greatwall Securities Co.Ltd(002939) securities 6232664950 -8814145988345933661419 -881414598813079500000
CSCEC trading self owned shares Cscec Scimee Sci.&Tech.Co.Ltd(300425) Huanneng 583087670498231848010295453305232734980
Note: Yili financing capital Inner Mongolia Yili Industrial Group Co.Ltd(600887) shares 490550000 -3449 Shenzhen Properties & Resources Development (Group) Ltd(000011) 11814890582201297 -2547 Shenzhen Textile (Holdings) Co.Ltd(000045) 6060000 property
China Resources
00291 beer 453215131 -35942611453803463 -33444043417272520
China
00941 mobile 415850273 -33541073416396851 -13376782382309200
Shuanghui
Henan Shuanghui Investment & Development Co.Ltd(000895) development 575157000 -1965570.00575272031 -176397000378 Shanghai Pudong Development Bank Co.Ltd(600000)
Zhejiang
Zhejiang Longsheng Group Co.Ltd(600352) Longsheng 352349200 -36599200352426717 -30374200315750000
Song Cheng
Songcheng Performance Development Co.Ltd(300144) performing arts 339880736 -53480736613773230290530939 -52730736286400000
Auggie
836758 te12134380000 -620500000 -620500000 0.00
Other securities investments held at the end of the period
Sold Certificate in the reporting period: 6154950374
Profit and loss of securities investment
Total 26824923994 -8842938128 - 352348718235466393655 - 258194304520548626700
3. Derivatives investment
Closing investment
Whether the derivatives are related to the amount of capital withdrawn in the initial reporting period of derivative investment the actual investment in the reporting period is associated with the initial investment of related goods investment the beginning and end of the investment in the reporting period the amount of impairment investment sold in the purchase at the end of the reporting period accounts for the amount of capital of related transactions in the name of the owner of the inter company profit and loss fund the date the amount of capital reserves in the reporting period
Net capital at the end of stated type fund amount
Yield ratio
CITIC Securities non power
Coupon of 611571900, 2021.8.19, 202212.31 - 1493615900, 8820440 - 611571900, 0.05% 411816000 shares in South China guanno coal period
Limited company party
Total 611571900 ---- 14936159008820440 - 611571900 0.05% 411816000
The sources of derivative investment funds and the litigation involving self owned funds (if applicable) are not applicable
Derivatives investment approval board August 6, 2021, October 20, 2021
Announcement disclosure date (if any) there is no announcement disclosure date (if any) at the shareholders' meeting of derivatives investment approval
1. Possible risks in carrying out commodity futures hedging business
In accordance with relevant laws and regulations and in combination with the actual operation, the wind company holding derivatives positions in the reporting period formulated the Guangdong Baolihua New Energy Stock Co.Ltd(000690) commodity term insurance analysis and control measures description commodity hedging business management system in order to improve the internal control system and avoid or reduce the internal control risk.
However, there are still certain risks in the futures market (including but not limited to market risk: risk, liquidity risk and credit risk) (1) price change risk of hedging position: when the market changes greatly, adverse price fluctuations may occur, resulting in investment losses. Risk, operational risk, legal (2) capital risk: when the market changes sharply, it may cause capital liquidity risk, and may be forced to close the position because it is too late to supplement the margin.
(3) Internal control risk: it may be caused by the imperfect internal control system.
(4) Technical risk: there may be risks that the transaction cannot be concluded due to system crash, program error, information risk, communication failure, etc.
(5) Moral hazard: moral hazard may be caused by moral problems of relevant personnel.
2. Risk control measures to be taken
For the above possible risks, the following risk control measures are proposed:
(1) The hedging business carried out by the company matches its production and operation. Before carrying out hedging business, the company must form a hedging plan including but not limited to the types of positions, total hedging volume, total margin to be invested, risk control requirements, countermeasures and other elements; Prudently implement the hedging scheme within the scope authorized by the authority.
(2) The formulation of hedging scheme will fully consider the fluctuation range of futures contract price, and set reasonable margin ratio and stop profit and stop loss point; In the process of position holding, continue to pay attention to the risk degree of futures account and prepare for margin increase. The company reserves a certain proportion of risk reserve to ensure that the margin is replenished in time in case of losses in the hedging process of the current period, so as to avoid being forced to close positions when the funds in the futures account cannot meet and maintain the hedging position; The Finance Department of the company is responsible for evaluating and monitoring the capital risk in the hedging process, strengthening the internal control management and capital safety management, and timely identifying and preventing the capital risk in the transaction.
(3) Evaluate and timely supervise the risk control systems and procedures related to the company's commodity futures hedging business, and conduct internal inspection on the hedging business from time to time; The board of directors of the company regularly evaluates the current commodity futures hedging risk management system and procedures to ensure that they are consistent with the capital strength and management level of the company; The company will also review and revise relevant management systems according to actual needs to ensure that the system can meet the needs of actual operation and standardizing internal control.
(4) Reasonably set up communication and information service facilities that meet the needs of the transaction, in order to ensure the normal development of the transaction to the greatest extent.
(5) Reasonably set up the organization of hedging business, establish the post responsibility system, and clarify the responsibilities and authorities of relevant departments and posts; Strictly require the personnel engaged in hedging business to have good professional ethics and high professional skills; Regulate their own behavior and enhance their awareness of abiding by discipline and law.
Changes in market price or fair value of invested derivatives during the reporting period,
