Recently, an investor asked YinTai Gold why the company's tin ingot hat incurred a loss of 36 million and a gross profit of -4.4% in 2023. The company explained that in order to avoid risks, they conducted hedging operations. The loss mentioned was from the trading of tin ingots in cash, while the futures positions were profitable. After offsetting gains and losses, the actual profit was 5.3418 million. Industry insiders pointed out that with the development of the futures market, more and more non-ferrous production enterprises are locking in prices and hedging risks through the futures market, as well as utilizing the futures delivery function to assist in spot sales. By registering as a futures delivery brand, during the traditional off-season of spot sales, copper plates and aluminum ingots produced can be registered as futures warehouse receipts, sold and delivered at suitable prices in the futures market to expand sales channels and recover funds. At the same time, the registered warehouse receipts can also be used for pledge financing, mitigating the cash occupancy by enterprises.
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