Sihui Fushi plans to conduct 300 million yuan in foreign exchange derivatives trading to hedge against exchange rate fluctuation risks in export business

MaticHoleFiller · 2026-04-01T09:28:57+00:00

Sihui Fushi Electronic Technology Co., Ltd. announced that it will conduct foreign exchange derivative transactions not exceeding 300 million RMB to hedge and prevent exchange rate risks, thereby enhancing financial stability. This move aims to address foreign exchange risks and ensure relevance to daily operations, emphasizing that no speculative trading will be conducted. The company has established a comprehensive internal control system and will implement multiple risk management measures to reduce potential risks.

MaticHoleFiller

2026-04-01 09:28:57

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【Finance Network News】On March 31, Sihui Fortune Electronic Technology Co., Ltd. (stock code: 300852, stock abbreviation: Sihui Fortune) released an announcement stating that, in order to avoid and mitigate foreign exchange risk, the company and its subsidiaries plan to carry out foreign exchange derivative trading, with a business scale of no more than RMB 30,000 million in equivalent value. The proposal has been approved by the company’s 19th meeting of the Third Session of the Board of Directors and does not require submission to a general meeting of shareholders for consideration.

The announcement shows that Sihui Fortune currently exports printed circuit board products, accounting for approximately 60% of operating revenue. As the company continues to expand its overseas business, the scale of foreign exchange receipts and payments has grown accordingly. Mismatches in the currencies and maturities for settlement of foreign exchange receipts and payments have led to an expansion of the foreign exchange risk exposure. Affected by international political and economic conditions, the magnitude of exchange rate fluctuations has increased, and the risk in the foreign exchange market has become significantly higher. The company states that carrying out foreign exchange derivative trading is intended to improve its ability to respond to foreign exchange fluctuation risks and enhance financial soundness.

The main contents of the foreign exchange derivative trading business are as follows:

Item
Specific content
—
Relevant currencies
Limited to currencies actually involved in business (mainly USD, etc.)
Business scale
No more than RMB 30,000 million in equivalent value
Source of funds
Company’s own funds; no involvement of raised funds or bank credit funds
Counterparties
Domestic and overseas financial institutions with the qualification to conduct derivative trading business, with stable operations and good credit standing
Trading instruments
Products such as foreign exchange forward transactions, foreign exchange swap transactions, and foreign exchange options transactions, or combinations of the above products
Business period
From the date when this proposal is approved by the current meeting of the Board of Directors until the date when the next year’s meeting of the Board of Directors approves it; the term of each single transaction may be automatically extended
Authorization arrangements
Authorize the company’s management to exercise decision-making authority for the business and handle related matters; funds within the approved quota may be used on a revolving basis

The company emphasizes that this foreign exchange derivative trading business will strictly follow the principle of prudence, closely related to the company’s day-to-day operating needs. It will be carried out based on the company’s position and circumstances regarding foreign-currency assets and liabilities, as well as foreign exchange receipts and payments. No speculative trading will be conducted. To control risks, the company has formulated the “Management System for Foreign Exchange Derivative Trading Business,” improved its internal control system and approval procedures, and assigned dedicated personnel to be responsible for the relevant business.

The announcement also highlights potential risks, including market risk, liquidity risk, performance risk, customer default risk, internal control risk, and other risks. In response, the company will take multiple risk control measures, including matching actual foreign exchange receipts and payments, strictly implementing internal management systems, strengthening management of accounts receivable, prudently selecting counterparties, continuously monitoring market prices and changes in fair value, and having the internal audit department conduct regular supervision and evaluation.

In terms of financial accounting, the company will account for the foreign exchange derivative trading business in accordance with relevant enterprise accounting standards issued by the Ministry of Finance and fulfill its information disclosure obligations.

Sihui Fortune states that carrying out this foreign exchange derivative trading business is feasible and necessary. It will help the company better avoid foreign exchange risk and ensure stable operating performance.

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