Phoenix Media(SH:601928) Zheng Quan Zhi Xing·2025-08-27 16:18Core Viewpoint - Jiangsu Phoenix Publishing and Media Group Financial Co., Ltd. operates as a non-bank financial institution with a focus on providing financial services to its member units, maintaining a strong internal control system and risk management framework [1][10]. Group 1: Company Overview - The financial company was established in September 2016 with a registered capital of 1 billion RMB, where Jiangsu Phoenix Publishing and Media Group holds a 51% stake and Jiangsu Phoenix Publishing and Media Co., Ltd. holds a 49% stake [1]. - As of June 2025, the financial company has 27 employees and serves 204 clients [1]. Group 2: Business Operations - The financial company's business scope includes accepting deposits, providing loans, bill discounting, fund settlement, and various advisory services [2]. - As of June 2025, the financial company reported a net profit of 23.05 million RMB and maintained a non-performing loan ratio of 0% [7]. Group 3: Internal Control and Risk Management - The internal control system is effective, with no significant defects identified, and all business operations are compliant with regulations [2][10]. - The company has established various committees, including an audit committee and a risk management committee, to oversee internal audits and risk assessments [3]. Group 4: Financial Indicators - As of June 2025, the company's deposits with the financial company amounted to 3.027 billion RMB, representing 90.24% of total deposits, while loans amounted to 0.07 billion RMB, accounting for 34.48% of total loans [8]. - The financial company has not provided any guarantees to the parent company or its subsidiaries [8]. Group 5: Ongoing Risk Assessment - The company will conduct semi-annual reviews of the financial company's financial reports to assess its operational qualifications and risk status [9].