Core Viewpoint - Jiangxi Copper Company has conducted a risk assessment report on its subsidiary, Jiangxi Copper Group Finance Company, indicating that the finance company operates in compliance with regulations and maintains a robust risk management system [1][9]. Group 1: Basic Information of the Finance Company - The finance company is named Jiangxi Copper Group Finance Company, with a registered capital of 2.6 billion yuan [1]. - The ownership structure shows Jiangxi Copper Company holds 98.33% of the shares, while Jiangxi Copper Material Company holds 1.67% [1]. Group 2: Compliance Management and Risk Control - The finance company has established a governance structure that includes a board of directors and various committees to ensure clear responsibilities and effective risk management [1][2]. - A comprehensive risk management system has been implemented, including the identification and assessment of various risk categories [2][3]. Group 3: Operational and Financial Management - As of June 30, 2025, the finance company reported total assets of 31.539 billion yuan, with total liabilities of 26.953 billion yuan and total equity of 4.586 billion yuan [8]. - The finance company achieved an operating income of 234 million yuan and a net profit of 144 million yuan in the first half of 2025 [8]. Group 4: Regulatory Compliance - The finance company meets all regulatory requirements, including a capital adequacy ratio of 23.08%, liquidity ratio of 58.39%, and loan ratio of 54.13% [8]. - The company has no external liabilities, indicating a strong financial position [8]. Group 5: Risk Assessment and Future Monitoring - The finance company has a well-established risk management framework that effectively prevents and mitigates financial risks [9]. - The company will continue to monitor the finance company's operations and risk status to ensure ongoing compliance and risk control [9].

证券代码：601788 股票简称：光大证券 公告编号：临 2025-026 H 股代码：6178 H 股简称：光大证券 光大证券股份有限公司 第七届董事会第九次会议决议公告 本公司董事会及全体董事保证本公告内容不存在任何虚假记载、 误导性陈述或者重大遗漏，并对其内容的真实性、准确性和完整性承 担法律责任。 光大证券股份有限公司（以下简称公司）第七届董事会第九次会 议通知于 2025 年 8 月 14 日以电子邮件方式发出。会议于 2025 年 8 月 28 日上午 9:30 以现场、视频结合通讯方式召开。本次会议应到董 事 12 人，实到董事 12 人。其中，赵陵先生、刘秋明先生、马韧韬女 士现场参会；连涯邻先生、潘剑云先生、秦小征先生、任永平先生、 殷俊明先生、刘应彬先生、吕随启先生以视频方式参会；尹岩武先生、 陈选娟女士以通讯方式表决。赵陵先生主持本次会议，部分高管列席 会议。本次会议符合《中华人民共和国公司法》和《公司章程》关于 召开董事会的规定。 公司董事经认真审议，通过了以下决议： 一、审议通过了《公司 2025 年半年度报告及其摘要的议案》。 议案表决情况：同意 12 票，反对 0 票，弃权 0 ...

Core Viewpoint - Shanghai Industrial Holdings (00363.HK) reported a decline in revenue and profit for the first half of 2025, primarily due to reduced sales in the real estate sector and significant provisions for inventory impairment and fair value losses on investment properties [1] Group 1: Financial Performance - The company achieved a revenue of HKD 9.476 billion, a decrease of 8.6% year-on-year [1] - Profit attributable to shareholders was HKD 1.042 billion, down 13.2% compared to the previous year [1] - The board declared an interim dividend of HKD 0.42 per share, with a payout ratio of 43.8% [1] Group 2: Business Segments - The infrastructure and environmental protection business saw a profit decline of 11.6% to HKD 933 million, accounting for approximately 92.2% of the company's net profit [1] - The real estate segment reported a loss attributable to shareholders of HKD 492 million, mainly due to reduced gross profit from property sales [2] - The health sector recorded a profit of HKD 141 million, an increase of 118.4%, representing about 14.0% of the company's net profit [2] - The consumer goods segment, specifically Nanyang Tobacco, achieved revenue of HKD 1.273 billion, a year-on-year increase of 16.4%, with a net profit of HKD 337 million, up 20.0% [2] Group 3: Strategic Initiatives - The company is focusing on reform and innovation, accelerating the upgrade and transformation of its main businesses, and optimizing asset and business layout [1] - The company is responding to national policy directions by concentrating on water treatment and resource utilization, aiming to expand market share in the water and environmental industry [1] - The chairman emphasized the commitment to innovation-driven development and enhancing risk management to improve profitability [3]

Core 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].

Core Insights - The reform of cross-border RMB business facilitation is becoming a significant measure to empower high-quality development of enterprises and support the construction of a new development pattern [1][3] - The implementation of relevant policies has significantly improved the efficiency of cross-border capital flow for enterprises, effectively reducing operational costs and injecting strong momentum for the real economy to "go global" [1] Group 1: Cross-Border RMB Business Facilitation - A petroleum company in Dongying, Shandong, with a full industrial chain service capability in wellbore technology, has successfully completed the first cross-border RMB settlement for foreign contracting projects in Shandong Province, benefiting from the facilitation policies [1] - From January to July this year, the company processed RMB 360 million through the facilitation channel, achieving "same-day remittance and same-day receipt," greatly enhancing the efficiency of international business operations [1] - The process optimization has led to a significant reduction in the time required for single transactions from one working day to less than half an hour, improving capital turnover efficiency by over 60% [1] Group 2: Risk Management and Technology Empowerment - The bank implements "classified management" for enterprises, achieving precise and differentiated risk control, simplifying the review process for A-class enterprises while strengthening requirements for B and C-class enterprises [2] - A comprehensive management system covering pre-classification of clients, differentiated review during the process, and post-monitoring reports has been established to balance convenience and safety [2] - The deep application of financial technology has accelerated cross-border RMB settlement, with real-time settlement achieved for certain countries, significantly enhancing settlement efficiency and reducing exchange rate risks and transaction costs for enterprises [2]

Company Overview - Dongfeng Financial Company, originally established in May 1987, is the first enterprise group financial company approved by the People's Bank of China [1] - The company is a wholly-owned subsidiary of Dongfeng Motor Group Co., Ltd. since March 2013, with a registered capital of 900 million RMB [1][2] - The company operates in Wuhan, Hubei Province, and its business scope includes accepting deposits, providing loans, and offering financial advisory services among others [2][3] Risk Management Framework - Dongfeng Financial Company has established a clear governance structure with defined responsibilities among shareholders, the board of directors, the supervisory board, and management [5] - The company has implemented a comprehensive risk management system, including credit rating models and risk monitoring mechanisms to enhance risk identification and assessment [5][6] - Various management policies and operational procedures have been developed to control business risks effectively, including those related to settlement and fund management [6][7] Financial Performance - As of December 31, 2024, the total assets of Dongfeng Financial Company amounted to 12,002.03 million RMB, with total equity of 2,106.48 million RMB [9] - For the year 2024, the company reported an operating income of 194.95 million RMB and a net profit of 62.18 million RMB [9] - By June 30, 2025, total assets were recorded at 11,007.09 million RMB, with a net profit of 7.80 million RMB for the first half of the year [9] Regulatory Compliance - Dongfeng Financial Company meets all regulatory requirements as per the Enterprise Group Financial Company Management Measures, with a capital adequacy ratio of 25.97% as of June 30, 2025, exceeding the minimum requirement of 10.5% [10][12] - The company has established a robust internal control system and has not identified any significant deficiencies in risk control related to financial reporting [12] - The company maintains a good liquidity position, with no instances of delayed payments due to cash shortages [11][12]

Core Viewpoint - The report evaluates the risk management and operational status of China Minmetals Corporation's financial subsidiary, highlighting its compliance with regulations and effective risk control measures [1][10]. Group 1: Basic Information of the Financial Company - The financial company is a non-bank financial institution established in 1992, with a registered capital of RMB 500 million [1]. - It operates under the supervision of financial regulatory authorities and provides financial services to its parent group [2]. Group 2: Risk Management Framework - The financial company has established a robust governance structure, including a board of directors and a risk management committee to oversee risk management activities [2][3]. - It has implemented an internal control management system to identify and assess risks, ensuring clear responsibilities and reporting relationships among departments [3][4]. Group 3: Risk Control Activities - The company has developed detailed operational procedures for various financial activities, including settlement and fund management, to mitigate business risks [4][5]. - It employs a three-check system for credit operations, ensuring thorough investigation and approval processes to manage credit risks effectively [6]. Group 4: Operational and Financial Performance - As of June 30, 2025, the financial company reported total assets of RMB 50.301 billion, total liabilities of RMB 44.110 billion, and total equity of RMB 6.190 billion, with an asset-liability ratio of 87.69% [8]. - The company generated operating income of RMB 203 million and a net profit of RMB 99 million in the first half of 2025 [8]. Group 5: Regulatory Compliance and Risk Assessment - The financial company adheres to the regulations set forth in the Enterprise Group Financial Company Management Measures, with no significant risks identified as of June 30, 2025 [9][10]. - The company maintains a sound internal control system, ensuring compliance with financial regulations and effective risk management practices [10].

Core Viewpoint - The report evaluates the financial and operational risks of China Energy Group Finance Co., Ltd., highlighting its governance structure, risk management practices, and financial performance as of June 30, 2025 [1][2][10]. Group 1: Company Overview - China Energy Group Finance Co., Ltd. is controlled by China Shenhua Energy Co., Ltd. with a 60% stake held by China Energy Investment Group [1]. - The company has a registered capital of 17.5 billion RMB, with various stakeholders including China Shenhua Energy Co., Ltd. holding 32.57% [1]. - The company provides financial services such as deposit acceptance, loan processing, and financial consulting to its member units [1]. Group 2: Internal Control and Risk Management - The company has established a modern governance structure with a clear division of responsibilities among the shareholders' meeting, board of directors, and supervisory board [2]. - A risk management committee and an audit committee are in place to oversee risk management and internal audits [2][3]. - The company employs a risk matrix for dynamic monitoring and control of various business risks, ensuring effective identification and quantification of credit, market, and operational risks [3]. Group 3: Financial Performance - As of June 30, 2025, the total assets of the company amounted to 30.77 billion RMB, with total liabilities of 26.88 billion RMB and owner’s equity of 3.89 billion RMB [10]. - For the first half of 2025, the company reported operating income of 2.236 billion RMB, total profit of 2.311 billion RMB, and net profit of 1.799 billion RMB [10]. - The company has maintained a zero non-performing loan ratio, indicating strong credit asset quality [7]. Group 4: Risk Indicators - As of June 30, 2025, the company's major risk indicators met regulatory requirements, reflecting a robust risk management framework [12]. - The company has not experienced significant operational risks or regulatory penalties, indicating effective compliance with financial regulations [13][19]. Group 5: Financial Services and Transactions - The company has established a financial service agreement with its parent group, allowing for comprehensive credit facilities without collateral requirements [1][18]. - The company’s deposits from member units reached 268.588 billion RMB, with loans and advances totaling 198.851 billion RMB as of June 30, 2025 [10]. - The company has implemented strict management measures for deposit and loan operations to prevent fraud and ensure compliance with regulatory standards [4][6].

国泰海通证券股份有限公司 董事会风险控制委员会工作规则 第一章 总 则 第一条 国泰海通证券股份有限公司（以下简称公司）为保障董事会风险 控制委员会（以下简称风险控制委员会或委员会）依法行使职权，完善公司治理 结构，有效控制各种风险，根据《中华人民共和国公司法》《中华人民共和国证 券法》 《证券公司监督管理条例》 《上市公司治理准则》 《证券公司治理准则》 《香 港联合交易所有限公司证券上市规则》等有关法律、法规、部门规章、规范性文 件以及公司股票上市地上市规则（以下合称相关规则）和《国泰海通证券股份有 限公司章程》 （以下简称《公司章程》）的规定，结合公司实际情况，制定本规则。 第二条 风险控制委员会是董事会下设的专门委员会，对董事会负责，向 董事会报告工作。 第二章 人员与组织机构 第三条 风险控制委员会由三名以上董事组成，委员会成员应当具有与委 员会职责相适应的专业知识和工作经验。 风险控制委员会设主任委员一名，主任委员及其他委员人选均由董事长提 名，报董事会批准。 第四条 委员的任期与该名董事的任期一致。期间如有委员不再担任公司 董事职务，则自动失去委员资格；委员会成员未达到规定最低人数时，董事会应 ...

Core Viewpoint - The announcement provides a risk assessment report on Sichuan Yibin Wuliangye Group Finance Co., Ltd., detailing its financial status, internal control mechanisms, and compliance with regulatory requirements as of June 30, 2025 [1][24]. Company Overview - Sichuan Yibin Wuliangye Group Finance Co., Ltd. was established on May 5, 2014, as a non-bank financial institution approved by the China Banking Regulatory Commission [1]. - The company is located in Yibin City and operates under the monetary financial services industry, holding a financial license and business license [1]. Shareholding Structure - As of June 30, 2025, the shareholding structure of the finance company is as follows: - Sichuan Yibin Wuliangye Group Co., Ltd.: 130,388.73 million RMB (42.25%) - Yibin Wuliangye Co., Ltd.: 125,173.19 million RMB (40.56%) - Other shareholders include Agricultural Bank International Holdings Limited and several local companies [1]. Internal Control Overview - The finance company has established a governance structure including a shareholders' meeting, board of directors, and supervisory board, with clear responsibilities for risk management [1][3]. - The internal control system is designed to ensure effective risk management and compliance with regulations [1][22]. Financial Performance - As of June 30, 2025, the finance company reported the following financial metrics: - Total assets: 6,658,348.55 million RMB - Loans and discounts: 3,277,240.08 million RMB - Deposits: 5,956,208.64 million RMB - Net operating income for the first half of 2025: 21,543.82 million RMB [22]. Risk Management and Compliance - The finance company has implemented a comprehensive risk management framework, adhering to national financial regulations and internal policies [22][24]. - As of June 30, 2025, all regulatory indicators met the required standards, indicating a sound risk management and internal control system [24].