Yunnan Copper Industry: adopting full hedging mode to control risk for current purchase and sale

SMM: Yunnan Copper said in the interactive platform that our company adopts a sound hedging strategy and adopts a full hedging model for the current purchase and sale. The main purpose of hedging is to smooth the financial curve and hedge against market price fluctuations. In the case of sharp price fluctuations in the first half of the year, our company's futures hedging and spot sales linkage strategy can effectively control operational risks, resist market risks, and play a role in protecting the interests of all shareholders.

In the first three quarters of 2020, Yunnan Copper's revenue was about 65.808 billion yuan, up 48.15 percent from the same period last year; net profit was about 446 million yuan, down 27.72 percent from the same period last year; and basic earnings per share was 0.2624 yuan, down 27.71 percent from the same period last year.