CMES(601872) 证券之星·2025-03-27 14:28Core Viewpoint - The report evaluates the risk management and operational status of China Merchants Group Finance Co., Ltd., highlighting its compliance with regulatory requirements and effective internal controls [1][14]. Group 1: Company Overview - China Merchants Group Finance Co., Ltd. was established on May 17, 2011, with a registered capital of RMB 5 billion, where China Merchants Group Co., Ltd. contributed RMB 2.55 billion (51%) and China Ocean Shipping Group Co., Ltd. contributed RMB 2.45 billion (49%) [1]. - The company operates as a non-bank financial institution with a range of services including deposit acceptance, loan processing, bill discounting, and financial consulting [1]. Group 2: Internal Control and Risk Management - The company has established a governance structure including a shareholders' meeting, board of directors, and supervisory board, with clear responsibilities for risk management [2]. - A comprehensive risk management framework is in place, including a risk management department and internal audit functions to oversee business activities [2][9]. - The company has implemented a series of internal control systems and operational procedures to manage risks effectively across various business lines [3][4]. Group 3: Financial Performance - As of December 31, 2024, the company reported total assets of RMB 52.5 billion, total equity of RMB 6.78 billion, deposits from member units amounting to RMB 45.615 billion, and a net profit of RMB 340 million [11]. - The company adheres to a prudent operational principle, complying with relevant laws and regulations, and has not identified any significant deficiencies in its risk management framework [11][14]. Group 4: Regulatory Compliance - As of December 31, 2024, the company met all regulatory requirements, including a capital adequacy ratio of 18.99% (required ≥10.5%), liquidity ratio of 56.19% (required ≥25%), and a loan ratio of 54.05% (required ≤80%) [12]. - The company has maintained a zero external debt ratio, indicating strong financial stability [12].