Zheng Quan Zhi Xing·2025-08-22 10:18Core Viewpoint - The report assesses the ongoing risks associated with CRRC Financial Company, confirming its compliance with regulations and the effectiveness of its internal control systems [1][10]. Group 1: Basic Information of CRRC Financial Company - CRRC Financial Company is a non-bank financial institution established in November 2012, with a registered capital of RMB 3.2 billion [1]. - The company is primarily owned by China CRRC Group Co., Ltd. (8.64% stake) and China CRRC Corporation Limited (91.36% stake) [2]. Group 2: Internal Control Overview - CRRC Financial Company has established a modern corporate governance structure with a clear division of responsibilities among the shareholders' meeting, board of directors, and supervisory board [3]. - The company has implemented a risk management framework that includes various departments responsible for risk assessment and control [3][4]. Group 3: Risk Assessment and Control Activities - Different risk control systems and procedures are in place tailored to the specific characteristics of various business operations [3]. - The company employs a dual-control mechanism in its credit operations to minimize operational risks [5]. - A comprehensive fund management plan is implemented to ensure the safety and liquidity of funds while optimizing returns [5][6]. Group 4: Financial Performance - As of June 30, 2025, CRRC Financial Company reported total assets of RMB 45.7 billion, with net profit amounting to RMB 654.7 million [8]. - The company has maintained a stable operating principle and adheres to relevant financial regulations [9]. Group 5: Regulatory Compliance - All regulatory indicators as of June 30, 2025, meet the required standards set forth in the Enterprise Group Financial Company Management Measures [9]. - The company has not encountered any significant issues regarding compliance with financial regulations [10].