Minmetals New Energy(SH:688779) Zheng Quan Zhi Xing·2025-08-22 10:18Core Viewpoint - The report evaluates the risk management and operational status of Wenkong New Energy Materials (Hunan) Co., Ltd.'s financial subsidiary, highlighting its compliance with regulatory requirements and effective risk control measures [1][7]. Group 1: Basic Information of the Financial Company - The financial company is a non-banking financial institution under China Minmetals Corporation, with a registered capital of RMB 3.5 billion [1]. - It operates under the supervision of the National Financial Supervision Administration and has a governance structure that includes a shareholders' meeting, board of directors, and supervisory board [1]. Group 2: Risk Management Overview - The financial company has established a comprehensive risk management framework, including a risk management committee responsible for overseeing risk control and compliance with regulations [2][7]. - It has implemented an internal control management system that clearly defines responsibilities and reporting relationships among departments to facilitate effective risk identification and assessment [2]. Group 3: Operational and Financial Status - As of June 30, 2025, the financial company reported total assets of RMB 50.301 billion, total liabilities of RMB 44.110 billion, and total equity of RMB 6.190 billion, with an asset-liability ratio of 87.69% [7]. - The company achieved an operating income of RMB 203 million and a net profit of RMB 83 million in the first half of 2025, indicating stable operations [7]. Group 4: Regulatory Compliance and Risk Assessment - The financial company meets all regulatory indicators as per the Enterprise Group Financial Company Management Measures, with no significant risks identified [8]. - The company maintains a deposit balance of approximately RMB 2.364 billion with the financial company, with no outstanding loans, ensuring good liquidity and safety of funds [9].