002708SZSE

Feasibility Analysis Report on Foreign Exchange Hedging Business of Changzhou Guangyang Bearing Co., Ltd.

Changzhou NRB Corporation··3 pages

✨ AI Summary

Changzhou Guangyang Bearing Co., Ltd. plans to engage in foreign exchange hedging to mitigate risks from currency fluctuations impacting its expanding business. The proposed business scale is up to 28 million yuan, funded by own capital and permitted financing. The company acknowledges market, internal control, contract, and legal risks, and will implement a robust risk management framework, enhance research, and ensure compliance to control these risks.

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Full Translation

AI Translation· azure_openai

I. Background of Developing Foreign Exchange Hedging Business

Changzhou Guangyang Bearing Co., Ltd. (hereinafter referred to as "the Company") is continuously expanding its business. The foreign exchange market is experiencing fluctuations, which can impact the Company's operations. To mitigate these risks, the Company intends to engage in foreign exchange hedging activities.

II. Overview of Foreign Exchange Hedging Business

  1. Main Business Items

The Company and its subsidiaries plan to develop foreign exchange hedging services to meet operational needs, ensuring compliance with regulatory requirements.

  1. Business Scale and Financial Sources

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