SAL(SH:603970) Zheng Quan Zhi Xing·2025-08-26 16:13Group 1 - The core viewpoint of the report is that the financial company has established a comprehensive risk management and internal control system, ensuring stable operations and compliance with regulatory requirements [1][6][8] - The financial company was established in February 2014 with a registered capital of 1 billion RMB and is a wholly-owned subsidiary of China Supply and Marketing Group [1][2] - As of June 30, 2025, the financial company maintained a good operational status, providing risk management, fund settlement, and credit management services without significant risks affecting its operations [6][7] Group 2 - The financial company has a well-defined internal control environment with a board of directors overseeing risk management and an audit committee ensuring compliance [2][3] - A comprehensive risk management organization is in place, with clear responsibilities assigned to the board, supervisors, and management, following a "three lines of defense" framework [3][4] - The financial company has established a robust credit management system, maintaining a zero non-performing loan rate since its inception, indicating strong asset quality [5][6] Group 3 - The financial company has implemented a core business system that supports its main operations, ensuring compliance with regulatory requirements and enhancing risk identification capabilities [6][8] - As of June 30, 2025, the financial company met all regulatory indicators, demonstrating compliance with the requirements set forth in the Enterprise Group Financial Company Management Measures [8] - The company has engaged in various financial activities with the financial company, including deposits and cross-border fund operations, with a deposit balance of 98.38 million RMB, representing 21.64% of the company's total deposits [8][9] Group 4 - The financial company has a sound internal control system, with no significant deficiencies identified in its risk management related to funds, credit, investment, and information management [7][8] - The financial company has established effective procedures for fund management and settlement, ensuring timely and accurate processing of transactions [4][5] - The overall risk management framework is regularly reported to the board and risk management committee, maintaining risk control at a reasonable level [6][7]