Zheng Quan Zhi Xing·2025-08-29 13:11Core Viewpoint - The report evaluates the financial and operational status of Shandong Energy Group Financial Co., Ltd. (山能财司) for the first half of 2025, highlighting its risk management framework and compliance with regulatory requirements [1][12]. Basic Information - Shandong Energy Group Financial Co., Ltd. was established on December 24, 2013, with a registered capital of RMB 7 billion, following the merger with Yanzhou Coal Financial Co., Ltd. in 2023 [1][2]. - The company is headquartered in Jinan, Shandong Province, and its business scope includes deposit acceptance, loan processing, and financial advisory services [2]. Risk Management Framework - The company has established a comprehensive risk governance structure with clear responsibilities among the board, management, and business departments, adhering to a "three lines of defense" model [3][4]. - The board of directors is responsible for overall risk management, while the audit committee oversees risk control, and the management implements risk management policies [3][4]. Risk Control Mechanisms - The company has developed a robust risk management system, revising 15 internal control policies in the first half of 2025, including those related to fixed-income securities and criminal case management [4][5]. - A dedicated team of five IT professionals manages the company's information technology, ensuring compliance with security standards and operational efficiency [5][6]. Credit Risk Management - The company has implemented a comprehensive credit risk management policy, maintaining a zero non-performing asset and loan ratio as of June 2025, with a loan loss provision balance of RMB 652.26 million [9][12]. - The credit decision-making process involves independent reviews and approvals to ensure effective risk management [9]. Liquidity Risk Management - As of June 2025, the company's liquidity assets amounted to RMB 23.36 billion, with a liquidity ratio of 61.49%, exceeding the regulatory requirement of 25% [10][12]. - The company has established a liquidity management team to monitor and manage liquidity positions effectively [10]. Operational Risk Management - The company has revised its articles of association and internal policies to enhance operational risk management, ensuring compliance with regulatory requirements [11][12]. - A comprehensive compliance checklist has been developed to monitor significant business activities and ensure adherence to regulations [11]. Market Risk Management - As of June 2025, the company's investment business amounted to RMB 50.01 million, with a 100% increase from the beginning of the year, indicating a low-risk profile [12]. - The company has maintained adequate provisions for asset impairment, ensuring compliance with regulatory standards [12]. Legal and Reputational Risk Management - The company has issued compliance guidelines and conducted regular audits to ensure legal compliance in its operations [12][13]. - In the first half of 2025, the company published 35 articles and engaged in proactive communication to manage its reputation effectively [13]. Regulatory Compliance - As of June 2025, the company met all major regulatory indicators, demonstrating compliance with financial regulations and maintaining a stable operational status [15][16]. - The company has established a rigorous framework for monitoring and reporting compliance with regulatory requirements [15].