State-owned enterprise overhaul: planning to launch financial derivatives business of no more than 8.78 billion yuan by 2026.

The announcement of Guoji Heavy Machinery states that, in order to deal with changes in the foreign exchange market, avoid foreign exchange risks, and strengthen financial stability, related companies plan to conduct forward foreign exchange transactions. In 2026, the company's currency financial derivatives business is expected to have a total position size not exceeding 877.65 million yuan for the whole year, with the application deadline for transactions until December 31, 2026. The proposal has been reviewed by the Fifth Meeting of the Sixth Board of Directors of the company and does not need to be submitted for shareholder approval. The business faces risks such as exchange rate fluctuations, internal controls, and settlement. The company will take risk control measures such as enhancing exchange rate research and improving internal controls.