Zheng Quan Zhi Xing·2025-08-25 16:52Core Viewpoint - The report evaluates the financial status and risk management of Zhuhai Huafa Group Financial Co., Ltd., highlighting its compliance with regulatory requirements and effective internal control systems [1][12][14]. Group 1: Company Overview - Zhuhai Huafa Group Financial Co., Ltd. is a non-bank financial institution established to provide financial management services to Zhuhai Huafa Group and its subsidiaries, with an initial registered capital of RMB 1 billion [1][2]. - The company was approved by the China Banking and Insurance Regulatory Commission and has undergone changes in its business license and shareholder structure since its establishment in 2013 [2][4]. Group 2: Internal Control and Risk Management - The company has established a robust governance structure with clear responsibilities among the shareholders, board of directors, and management, ensuring effective risk management [6][7]. - A comprehensive internal control management system has been implemented, including various risk management policies and procedures to identify, assess, and mitigate risks [7][8][9]. Group 3: Financial Performance - As of June 30, 2025, the company reported total assets of RMB 4,323.6 million and net assets of RMB 22.2 million, with cash and deposits at central banks amounting to RMB 187.9 million [11][12]. - The company has maintained a stable operating principle, with no significant financial distress or regulatory penalties reported since its inception [12][13]. Group 4: Regulatory Compliance - The company meets all regulatory financial indicators as per the "Enterprise Group Financial Company Management Measures," including a capital adequacy ratio of 17.44% and a liquidity ratio of 34.16% as of June 30, 2025 [13][14]. - The company has established a mechanism for continuous risk assessment to ensure compliance with legal and regulatory requirements [14]. Group 5: Business Objectives and Advantages - The company's mission is to leverage its group structure to provide efficient financial management services, enhancing capital utilization and operational efficiency for the Huafa Group [12][14]. - The financial company aims to build a comprehensive financial platform for capital operations within the group, emphasizing centralized fund management [14].