Company Overview - China National Heavy Duty Truck Group Jinan Truck Co., Ltd. operates a financial subsidiary, China National Heavy Duty Truck Finance Co., Ltd., established in October 1987, making it one of the earliest corporate finance companies approved by the People's Bank of China [2] - The registered capital of the finance company is 305 million RMB, with thirteen shareholders, and the largest shareholder is China National Heavy Duty Truck (Hong Kong) Co., Ltd. [3] Risk Management Structure - The finance company has established a comprehensive risk management framework, including a board of directors, supervisory board, and risk management committee, ensuring clear responsibilities and effective governance [5][6] - The risk management committee assists the board in formulating risk strategies and policies, while the risk management department oversees daily risk management activities [6][7] Risk Identification and Control - The finance company has implemented a tiered authorization management system, allowing for clear division of responsibilities and effective risk control mechanisms [7] - A credit rating model and risk warning system have been developed to enhance risk identification and monitoring efficiency [7][10] Financial Performance - As of December 31, 2024, the finance company reported total assets of 32.45 billion RMB and total deposits of 32.44 billion RMB [13] - The company maintains a capital adequacy ratio of 21.08%, indicating strong capital strength and risk resistance capabilities [13] Operational Management - The finance company adheres to prudent management principles and complies with relevant financial regulations, ensuring stable operations and effective internal management [13] - The company has not encountered significant risks related to its financial statements, credit, or information management as of the latest evaluation [13]
中国重汽: 关于中国重汽财务有限公司的风险评估报告