Entering 2024, the domestic economy is gradually recovering, while overseas interest rates continue to remain high. Faced with the complex and ever-changing economic situation and the volatile market risks of aluminum prices, enterprises in the metal aluminum related industry chain are facing numerous challenges. How to effectively manage prices using derivative tools has become an important issue for enterprises. On March 26th, with special support from the Shanghai Futures Exchange's "Enterprise Deep Cultivation Plan - One on One Training Session" event, the "Huarong Rongda Futures Face to Face Exchange - Entering Henan Shenghua New Energy Material Technology Co., Ltd." training session hosted by Huarong Rongda Futures Co., Ltd. Huazhong Branch was held at the Shenghua New Science and Technology Training Base. Guo Wenjie, General Manager of Shenghua New Technology, attended the training meeting, and all middle-level and above management personnel as well as sales and finance personnel of the company participated in the training.

　　Henan Shenghua New Energy Materials Technology Co., Ltd. is a key leading aluminum processing enterprise in Jiaozuo, with a monthly processing capacity of nearly 10000 tons of aluminum plates, strips, and foils. Market price fluctuations have a crucial impact on business operations. This time, Huarong Rongda entered the Shenghua New Technology Training Conference, where senior industry experts from Huarong Rongda Futures Research Institute, Finance Department, and Delivery Department provided in-depth analysis and communication to Shenghua New Technology on electrolytic aluminum delivery rules, accounting and financial accounting, electrolytic aluminum futures analysis framework, and basic knowledge of options, helping enterprises make good use of derivatives as a powerful tool.

　　Li Kui, a researcher at Huarong Rongda Futures Nonferrous Metals, introduced the analysis framework of electrolytic aluminum and looked forward to future trends based on the framework, aiming to enable enterprises to have a more comprehensive understanding of the driving factors of futures price fluctuations and lay the foundation for better business decisions in the future. Tian Wenlong from the finance department elaborated in detail on the financial and tax issues of enterprise hedging accounting. Provide financial advice to enterprises in plain language and handle hedging accounting effectively. Option researcher Zhou Yiyang shared practical strategies and related hedging cases for aluminum options, which has practical guidance for companies to better understand and apply derivative tools. Li Wei explained the detailed rules and business processes of Shanghai aluminum futures delivery, and analyzed the possible business difficulties encountered during the delivery process through detailed case studies, helping enterprises better participate in physical futures delivery.

　　The person in charge of training at Huarong Rongda Futures stated that the reason for choosing Shenghua New Technology for this training is that the company has strong production and operation capabilities, as well as advanced understanding of financial instruments. Huarong Rongda Futures will integrate innovative businesses to better serve enterprises.

　　Guo Wenjie, General Manager of Shenghua New Technology, stated that in the production and sales of aluminum metal products, the use of financial instruments to hedge operational risks cannot be ignored. The training has further deepened employees' understanding and recognition of futures and options related knowledge, and they are looking forward to future training and communication.