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贵州茅台: 贵州茅台关于贵州茅台集团财务有限公司的风险评估报告

Core Viewpoint - The report evaluates the risk management and operational status of Guizhou Moutai Group Finance Co., Ltd., highlighting its compliance with regulatory requirements and effective risk control measures. Group 1: Company Overview - Guizhou Moutai Group Finance Co., Ltd. is the first enterprise group finance company established in the Chinese liquor industry, approved by regulatory authorities in 2013 with a registered capital of 2.5 billion RMB [1]. - The company has a financial license and operates within a defined scope, including deposit acceptance, loan processing, and financial advisory services [1]. Group 2: Shareholding Structure - The shareholding structure of the finance company includes: - Guizhou Moutai Distillery (Group) Co., Ltd.: 1 billion RMB (40%) - Guizhou Moutai Co., Ltd.: 1.275 billion RMB (51%) - Guizhou Moutai Distillery (Group) Technology Development Co., Ltd.: 225 million RMB (9%) - Total registered capital: 2.5 billion RMB [3]. Group 3: Internal Control and Risk Management - The finance company has established a governance structure with a shareholders' meeting, board of directors, and supervisory board, along with five specialized committees to enhance internal control [4]. - Comprehensive risk management measures are in place, including the development of various risk management guidelines to identify, assess, and control risks across all business operations [4][5]. - The company has implemented strict credit management policies, including customer credit rating and comprehensive credit management, to mitigate credit risk [4]. Group 4: Financial Performance - As of June 30, 2025, the finance company reported total assets of 148.274 billion RMB, total liabilities of 136.998 billion RMB, and total equity of 11.276 billion RMB, with an operating income of 1.704 billion RMB and a net profit of 845 million RMB [8]. - Key regulatory indicators as of June 30, 2025, include a capital adequacy ratio of 23.87%, a non-performing asset ratio of 0%, and a non-performing loan ratio of 0% [9]. Group 5: Company’s Deposits and Loans - As of June 30, 2025, Guizhou Moutai Co., Ltd. had a deposit balance of 19.227 billion RMB in the finance company, with no loans outstanding, indicating good deposit safety and liquidity [8]. Group 6: Risk Assessment Conclusion - The finance company operates within the legal framework and meets regulatory requirements, with no significant deficiencies in risk management identified [10].