Reduce the tax burden of the company. The impact of commodity futures hedging business on listed companies is as follows:

1, the existence of aggregation and transaction costs makes hedging reduce the variability of the company's future earnings, thus reducing the company's tax burden and increasing the profitability of the company's after-tax investment.

2. Market fluctuation makes the output price drop and the cost rise, and the company will face the risk of capital shortage. Therefore, the company should reserve enough cash for this when making investment decisions, otherwise it will easily miss investment opportunities.