Core Viewpoint - The report evaluates the financial risks associated with China National Building Material Group Finance Co., Ltd., highlighting its operational qualifications, internal control systems, and compliance with regulatory requirements [1][14]. Group 1: Company Overview - China National Building Material Group Finance Co., Ltd. was established on April 23, 2013, as a non-banking financial institution approved by the former China Banking Regulatory Commission [1]. - The company is registered in Beijing with a registered capital of 4.721 billion RMB, where China National Building Material Group holds 77.93% and China National Building Material Co., Ltd. holds 22.07% [1]. Group 2: Business Scope - The financial company engages in various activities, including accepting deposits, providing loans, bill discounting, and offering financial advisory services [2]. Group 3: Internal Control and Risk Management - The financial company has established a comprehensive internal control system, including a board of directors, risk management committee, and audit committee to oversee operations and risk management [2][3]. - The risk management committee is responsible for approving risk management frameworks and monitoring risk control across credit, market, and operational aspects [3]. - The audit committee supervises the implementation of internal audit systems and evaluates the effectiveness of internal controls [4]. Group 4: Financial Performance - As of June 30, 2025, the financial company reported total assets of approximately 32.98 billion RMB and total liabilities of about 27.63 billion RMB, with owner’s equity of around 5.35 billion RMB [10]. - The company achieved a revenue of approximately 355 million RMB and net profit during the first half of 2025 [10]. Group 5: Regulatory Compliance - The financial company meets all regulatory requirements as per the Enterprise Group Financial Company Management Measures, with no significant risks identified [11][12]. - As of June 30, 2025, the company's loan balance does not exceed 80% of the sum of deposits and paid-in capital, and other regulatory indicators are within acceptable limits [12]. Group 6: Risk Assessment - The company has not identified any major deficiencies in the risk control system and has established a risk disposal plan to ensure the safety of deposits [13][14].