CATEC(SH:600879) Zheng Quan Zhi Xing·2025-08-27 11:24Core Viewpoint - The report evaluates the financial status and risk management of Aerospace Technology Finance Co., Ltd., highlighting its compliance with regulatory standards and effective internal controls [2][6][10]. Financial Company Overview - Aerospace Technology Finance Co., Ltd. was established in 2001 with a registered capital of 6.5 billion RMB, primarily funded by China Aerospace Science and Technology Corporation and its subsidiaries [2][3]. - The company aims to provide financial services to its member units, focusing on risk prevention and maximizing group value [2][3]. Internal Control Situation - The financial company has implemented a comprehensive internal control system that integrates risk management into its operations, ensuring compliance and stability [4][6]. - The internal control framework includes responsibilities, measures, evaluations, and supervision, with a focus on risk control [4][5]. Financial Performance - As of June 30, 2025, the financial company reported total assets of 162.46 billion RMB and total liabilities of 148.49 billion RMB, with a net profit of 616 million RMB for the first half of 2025 [6][7]. Risk Management - The financial company maintains a conservative risk preference, prioritizing the safety of funds and liquidity while controlling risks [7][8]. - Key regulatory indicators, such as capital adequacy ratio (16.50%) and liquidity ratio (47.52%), are within compliance limits [7][8]. Loan and Deposit Situation - As of June 30, 2025, the company had deposits of 2.895 billion RMB and loans from the financial company, ensuring good liquidity and safety of funds [9][10]. Risk Assessment Opinion - The company concludes that the financial company's risk management is effective, with no significant deficiencies identified in its operations [10].