Reduce exchange rate fluctuation impact Whirlpool plans to carry out foreign exchange hedging business

NightAirdropper · 2026-02-28T02:38:45+00:00

Whirlpool (China) announces that it will carry out foreign exchange hedging business in 2026, with a quota of no more than 5.5 billion RMB. The funding will come from its own capital, aiming to reduce the impact of exchange rate fluctuations on operating performance.

NightAirdropper

2026-02-28 02:38:45

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Beijing Business Daily (Reporter Zhai Fengrui) — On February 26, Whirlpool (China) Co., Ltd. (hereinafter referred to as “Whirlpool”) announced its plan to conduct foreign exchange hedging activities. The company and its subsidiaries intend to have a total quota of no more than 5.5 billion RMB (or equivalent foreign currency) for foreign exchange hedging in 2026, with the funds within the quota available for rolling use. During the validity period of the authorization, any single transaction amount (including related amounts from re-trading of the aforementioned transactions’ gains) will not exceed this quota. The funds will come from the company’s own resources and will not involve raised funds or bank credit.

Whirlpool stated that due to the needs of international business operations, the company and its subsidiaries engage in a certain volume of foreign currency settlements during daily operations. To reduce the impact of exchange rate fluctuations on the company’s performance and to focus on production and business activities, the company and its subsidiaries plan to carry out foreign exchange hedging based on actual business needs to avoid and prevent exchange rate risks.

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