AEROSPACE POWER(SH:600343) Zheng Quan Zhi Xing·2025-08-21 16:58Core Viewpoint - The report assesses the risk management and internal control systems of Aerospace Finance Company, highlighting its compliance with regulatory requirements and the stability of its financial performance in the first half of 2025 [1][10]. Group 1: Company Overview - Aerospace Finance Company was established in 2001 with a registered capital of 6.5 billion RMB and is a non-bank financial institution approved by the National Financial Supervision and Administration [1]. - The company is located in Beijing and is funded by China Aerospace Science and Technology Corporation and its subsidiaries [1]. Group 2: Internal Control System - The internal control system aims to integrate risk management into business processes, ensuring compliance and enhancing operational efficiency [2][3]. - The company has implemented a comprehensive internal control framework, focusing on key areas such as credit, investment, and compliance with regulatory standards [2][4]. Group 3: Financial Performance - In the first half of 2025, Aerospace Finance Company reported total assets of 9.16 billion RMB, total income of 796 million RMB, and net profit of 616 million RMB [5]. - The company maintains a stable asset quality and sufficient risk-bearing capacity, with liquidity levels deemed reasonable and robust [8]. Group 4: Risk Management - The company prioritizes risk management, focusing on credit risk, liquidity risk, market risk, operational risk, and information technology risk [6][7]. - As of the end of Q2 2025, all regulatory indicators were within compliance limits, with no risk warnings triggered [8][9]. Group 5: Related Transactions - The company has deposits in Aerospace Finance Company that align with its operational needs, ensuring safety and liquidity without affecting normal business operations [10].