Zheng Quan Zhi Xing·2025-08-27 10:06Core Viewpoint - The report evaluates the risk management situation of Baowu Group Financial Company as of June 30, 2025, confirming its compliance with regulatory requirements and the safety of deposits for member enterprises [1][4]. Group 1: Basic Information - The financial company was established in June 1992 and is regulated by the National Financial Supervision Administration, with a registered capital of 6.84 billion yuan (including 35 million USD) [1][2]. - The ownership structure includes China Baowu Steel Group Co., Ltd. holding the majority share, with other stakeholders including Taiyuan Iron and Steel Group Co., Ltd. and Shanxi Taigang Stainless Steel Co., Ltd. [1]. Group 2: Financial Status and Performance - As of June 30, 2025, the financial company reported total assets of 68.813 billion yuan, total liabilities of 58.504 billion yuan, and total equity of 10.309 billion yuan, with operating income of 771 million yuan and total profit of 400 million yuan (unaudited) [2][3]. Group 3: Risk Management - The financial company has implemented strict deposit management and liquidity risk management, establishing a three-tier reserve system to predict daily funding needs [3]. - It has a robust credit risk prevention mechanism, conducting monthly follow-ups on key clients and implementing targeted risk prevention measures [3]. Group 4: Business Transactions with the Company - As of June 30, 2025, the company had a deposit balance of approximately 2.09387 billion yuan with the financial company, accounting for 32.33% of its total deposits [4]. - The loan balance was approximately 6.12946 billion yuan, representing 8.92% of total loans, with a maximum daily loan limit of 2 billion yuan [4]. Group 5: Risk Assessment Opinion - The company found no significant defects or risks in the financial company's operational qualifications, business activities, or internal control and risk management systems, ensuring the safety of member enterprises' deposits [4].