Zheng Quan Zhi Xing·2025-03-25 12:28Core Viewpoint - The report evaluates the ongoing risk assessment of China Datang Group Finance Co., Ltd., highlighting its compliance with regulatory requirements and the effectiveness of its internal control systems [1][8]. Group 1: Company Overview - China Datang Group Finance Co., Ltd. was established on May 10, 2005, with a registered capital of 6.5 billion RMB (including 7.5 million USD) [1]. - The company operates under a financial license and has a range of services including deposit acceptance, loan processing, and financial consulting [1]. Group 2: Internal Control - The company has established a robust internal control environment with clear organizational structures and responsibilities, consisting of 11 departments [2]. - It has implemented a comprehensive risk compliance system to enhance internal control execution and risk management capabilities [2][3]. Group 3: Risk Identification and Assessment - The company has developed a scientific internal control system that covers all business activities and regularly assesses and improves its risk management processes [4]. - A three-tier internal control mechanism is in place, involving business departments, legal and risk management, and audit departments to ensure compliance and risk mitigation [4]. Group 4: Financial Performance - As of December 31, 2024, the total assets of the finance company amounted to approximately 47.86 billion RMB, with total equity of about 8.95 billion RMB and a net profit of approximately 718.37 million RMB [7]. - The company has maintained compliance with regulatory indicators throughout the year, with no significant economic accidents or compliance issues reported [7]. Group 5: Loan and Deposit Situation - The company has a deposit balance of 584 million RMB in the finance company, representing 92.45% of its total deposits, and a loan balance of 15.236 billion RMB, accounting for 9.87% of total loans [7]. - The company has established a financial service agreement with the finance company, ensuring that its deposit and loan balances remain within agreed limits, thus maintaining good liquidity and safety [7]. Group 6: Risk Assessment Opinion - The company concludes that the finance company operates legally and effectively, with a solid internal control system that adequately manages risks [8].