Core Viewpoint - China Coal Energy Company has conducted an assessment of its financial subsidiary, China Coal Finance Co., Ltd., confirming its operational qualifications and risk management practices, which align with regulatory requirements [1][10]. Group 1: Company Overview - China Coal Finance Co., Ltd. was established with a registered capital of 9 billion yuan and operates under the governance of China Coal Energy Group, which holds a 9% stake [2]. - The company’s business scope includes accepting deposits, providing loans, handling bill discounting, and offering financial advisory services among others [1][2]. Group 2: Internal Control and Governance - The company has established a governance structure comprising a shareholders' meeting, a board of directors, and an executive team, with various committees to ensure effective oversight [2][3]. - Internal control measures are in place, including a comprehensive risk management framework that adheres to modern corporate governance standards [3][4]. Group 3: Risk Management - China Coal Finance employs a three-line defense model for risk management, with business departments identifying risks, a risk management department overseeing compliance, and an audit department evaluating the overall risk management system [4][6]. - The company has developed various management protocols to control financial risks, including a dual-review system for fund allocation and strict adherence to regulatory requirements [5][6]. Group 4: Financial Performance - As of June 30, 2025, the total assets of China Coal Finance amounted to 96.641 billion yuan, with a net profit of 543 million yuan for the first half of 2025 [7][8]. - The company maintains a capital adequacy ratio of 25.46%, significantly above the regulatory minimum, indicating strong financial health [8]. Group 5: Regulatory Compliance - China Coal Finance has consistently met regulatory requirements since its inception, with no incidents of financial misconduct or significant operational risks reported [9][10]. - The company’s internal controls and risk management practices have been evaluated as effective, with no major risk events occurring as of mid-2025 [7][10].

Core Viewpoint - Yunnan Coal Industry Energy Co., Ltd. conducted a risk assessment report on Yunnan Kunsteel Group Financial Co., Ltd., evaluating its financial status and operational risks as of June 30, 2025 [1][10]. Group 1: Company Overview - Yunnan Kunsteel Group Financial Co., Ltd. was established on April 15, 2015, and commenced operations on October 28, 2015, with a registered capital of 1 billion yuan after a capital increase [1]. - The company is located in Kunming, Yunnan Province, and its business scope includes accepting deposits, providing loans, and offering financial advisory services [1]. Group 2: Shareholding Structure - The controlling shareholder of Kunsteel Financial is Kunming Iron and Steel Holding Co., Ltd., with the actual controller being the Yunnan Provincial State-owned Assets Supervision and Administration Commission [2]. Group 3: Internal Control and Governance - Kunsteel Financial has established a governance structure comprising a shareholders' meeting, board of directors, and supervisory board, ensuring checks and balances within its operations [3][4]. - The company has a comprehensive internal control system involving various committees and departments to manage risks and ensure compliance with regulations [4][5]. Group 4: Risk Management - A risk management committee is in place to oversee risk management activities, with a three-line defense system established to identify and mitigate risks [5][6]. - The company has implemented various management measures and operational procedures to control risks associated with its financial activities [6][7]. Group 5: Financial Performance - As of June 30, 2025, Kunsteel Financial reported total assets of 3.762 billion yuan, with total revenue of 37 million yuan and a net profit of 15 million yuan for the first half of the year [8]. - The company has maintained a strong capital adequacy ratio of 30.15% and a non-performing asset ratio of 0% [9]. Group 6: Service and Loan Situation - As of June 30, 2025, the company and its subsidiaries had deposits of 80 million yuan in Kunsteel Financial, accounting for 41.35% of its total deposits [9]. - The company utilizes Kunsteel Financial's services to enhance resource allocation and improve capital efficiency [9]. Group 7: Risk Assessment Conclusion - Kunsteel Financial holds valid financial licenses and has established a robust risk management framework, ensuring effective identification and control of operational risks [10].

Core Viewpoint - Guangdong Fenghua High-tech Co., Ltd. conducted a risk assessment report on Guangdong Guangsheng Financial Co., Ltd. for the first half of 2025, evaluating its operational qualifications, business, and risk status based on provided financial documents and regulatory approvals [1]. Company Overview - Guangdong Guangsheng Financial Co., Ltd. is a financial institution approved by the National Financial Supervision and Administration Bureau, with a registered capital of 1.09922 billion RMB. The major shareholder is Guangdong Guangsheng Holding Group Co., Ltd. [1]. - The company provides financial services to member enterprises within the group, including deposit acceptance, loan processing, bill discounting, and financial consulting [1]. Internal Control Structure - The governance structure includes a shareholders' meeting, a board of directors, and senior management, with clear responsibilities and separation of duties among various departments [2][3]. - The board of directors is responsible for strategic planning, financial budgeting, and risk management, while the audit committee oversees compliance and internal controls [5][8]. Risk Management - The company focuses on identifying and managing credit risk, operational risk, liquidity risk, and compliance risk through a structured internal control system [12][14]. - Specific measures include separation of incompatible duties, authorization controls, and regular audits to ensure compliance with regulatory requirements [14][16]. Financial Management - The company adheres to strict financial management principles, ensuring liquidity, safety, and profitability through comprehensive budget management and daily financial planning [14][15]. - It maintains a robust system for managing member enterprise deposits and ensures secure and efficient transaction processing through an intelligent financial platform [15][16]. Investment Operations - The investment activities primarily involve fixed-income securities, with the board of directors setting investment principles and strategies [19][20]. - The investment decision committee is responsible for approving specific investment operations and managing associated risks [20][21]. Information Technology and Security - The company has established a comprehensive information system control framework to ensure data security and operational stability [22][23]. - Measures include multi-layered security protocols, data encryption, and strict access controls to protect sensitive information [23].

Core Viewpoint - The report evaluates the risk management and financial status of Shandong Provincial Commercial Group Financial Co., Ltd., highlighting its compliance with regulatory requirements and effective internal controls [1][9]. Financial Company Basic Information - Shandong Provincial Commercial Group Financial Co., Ltd. is a wholly-owned subsidiary of Shandong Provincial Commercial Group Co., Ltd., with a registered capital of 2 billion RMB and has been operational since April 28, 2012 [1]. - The approved business scope includes accepting deposits, providing loans, bill discounting, and various financial advisory services [1][2]. Internal Control Overview - The financial company has established a governance structure comprising shareholders, a board of directors, a supervisory board, and senior management, ensuring clear responsibilities and oversight [2][3]. - A comprehensive risk control system is in place, with specialized committees under the board to manage risk and compliance [2][3]. Financial Performance and Risk Management - As of June 30, 2025, the financial company reported total assets of 843.59 million RMB and net assets of 248.34 million RMB, with a cumulative operating income of 11.75 million RMB [8]. - The loan provision rate stands at 2.55%, with zero non-performing assets or loans, indicating strong asset quality [4][8]. - The liquidity ratio is 60.56%, reflecting a proactive approach to managing liquidity risks [4]. Operational Risk Management - The company adheres to principles of comprehensive management and clear responsibilities to mitigate operational risks, conducting regular checks on key risk points [5][8]. - Investment assets are classified as "normal," primarily consisting of policy financial bonds and money market funds, which are low-risk and liquid [5][8]. Compliance and Regulatory Adherence - The financial company has not faced any significant regulatory penalties or operational risks, maintaining compliance with the relevant financial regulations [9]. - All regulatory indicators meet the requirements set forth in the Enterprise Group Financial Company Management Measures [9].

Group 1 - The core viewpoint of the report is that Guoji Financial has established a comprehensive internal control system and risk management framework, ensuring compliance with regulations and effective risk control [1][9][12] - Guoji Financial was established in September 2003, with a registered capital of 1.75 billion yuan, and is located in Haidian District, Beijing [1][2] - As of June 30, 2025, Guoji Financial's total assets amounted to approximately 5.08 billion yuan, with total liabilities of about 2.42 billion yuan and net assets of approximately 436.73 million yuan [8][9] Group 2 - Guoji Financial's internal control system includes a clear division of responsibilities among its governing bodies, including the shareholders' meeting, board of directors, and supervisory board [3][4] - The company has established a risk management framework that includes regular evaluations and updates of risk management plans, ensuring adaptability to changing environments [5][8] - As of June 30, 2025, Guoji Financial's capital adequacy ratio was 12.16%, exceeding the minimum regulatory requirement of 10.5% [10][11] Group 3 - The company has a strong focus on compliance with financial regulations, having not identified any significant deficiencies in its risk management related to financial reporting [9][12] - Guoji Financial's investment activities are limited to low-risk, liquid fixed-income products, with investments not exceeding 70% of its net capital [7][11] - The company maintains a high liquidity ratio of 47.45%, well above the regulatory minimum of 25% [10][11]

Core Viewpoint - The report evaluates the operational qualifications, business, and risk status of Guojin Finance Co., Ltd., highlighting its compliance with regulatory requirements and effective internal control systems [1][9]. Group 1: Basic Information of Guojin Finance - Guojin Finance was established in September 2003 and is a non-bank financial institution with a registered capital of 1.75 billion yuan [1]. - The company operates under a business license that includes financial and financing consulting, credit verification, and related services for its member units [2]. Group 2: Internal Control Overview - Guojin Finance has established a comprehensive internal control system, ensuring the separation of incompatible positions and clear responsibilities among its governance bodies [3][4]. - The internal control framework is designed to ensure compliance, asset safety, and the accuracy of financial data, with regular updates and evaluations conducted [4][5]. Group 3: Operational and Risk Management - As of June 30, 2025, Guojin Finance reported total assets of approximately 50.76 billion yuan, with total liabilities of about 24.15 billion yuan and net assets of around 4.37 billion yuan [8]. - The company adheres to a prudent management principle, complying with relevant laws and regulations, and has not identified any significant deficiencies in its risk management systems [9][10]. Group 4: Regulatory Compliance - Guojin Finance meets all regulatory financial indicators, including a capital adequacy ratio of 12.16%, which exceeds the minimum requirement of 10.5% [10][11]. - The company maintains a liquidity ratio of 47.45%, well above the required 25%, and its loan balance is within the stipulated limits [10][11]. Group 5: Financial Transactions with the Company - As of June 30, 2025, the company and its subsidiaries held deposits of 1.45% and loans of 0.06% with Guojin Finance, with all transactions executed under a financial service agreement [11][12]. - The financial transactions between the company and Guojin Finance are deemed safe and liquid, with no delays in payments reported [12].

Core Viewpoint - The independent directors of Lushang Furuida Pharmaceutical Co., Ltd. convened a special meeting to review and approve a risk assessment report regarding Shandong Provincial Commercial Group Financial Co., Ltd., concluding that there are no significant deficiencies in its risk management [1][2]. Group 1 - The special meeting of the independent directors was held on August 19, 2025, and was legally valid as per relevant regulations [1]. - The independent directors unanimously approved the risk assessment report, which reflects the operational qualifications, internal controls, management, and risk management status of Shandong Provincial Commercial Group Financial Co., Ltd. [2]. - The report indicates that Shandong Provincial Commercial Group Financial Co., Ltd. is under strict supervision by the China Banking and Insurance Regulatory Commission, ensuring its business scope and internal risk control measures are adequately managed [2].

Group 1 - The core viewpoint of the report is that Shandong Provincial Commercial Group Financial Co., Ltd. has established a comprehensive internal control system and effectively manages risks, ensuring compliance with regulatory requirements [1][8] - The financial company was established with a registered capital of 2 billion RMB and has been operational since April 28, 2012, focusing on various financial services for its member units [1][2] - As of June 30, 2025, the financial company reported total assets of 843.59 million RMB, net assets of 248.34 million RMB, operating income of 11.75 million RMB, and net profit of 5.34 million RMB [6][7] Group 2 - The financial company has a governance structure that includes a board of directors, a supervisory board, and senior management, ensuring effective decision-making and oversight [2][4] - The company has implemented a risk management framework that includes regular audits and compliance checks, with no significant operational risks reported [6][8] - The company maintains a strong liquidity position, with deposits amounting to 150.47 million RMB, representing 51.05% of its cash balance, and a borrowing balance of 1.5 million RMB, accounting for 6.52% of total financing [7][8]

Core Viewpoint - The evaluation of China Petroleum Group Finance Co., Ltd. (hereinafter referred to as "the Company") indicates that it possesses valid financial licenses and operates under a sound internal control system, ensuring effective risk management and compliance with regulatory standards [1][5][9]. Basic Information - The Company was approved to establish by the relevant authorities, with a total registered capital of 1,639,527.31 million yuan, representing 100% ownership [1]. - The Company is authorized to conduct various financial activities, including deposit acceptance, loan processing, and investment in fixed-income securities [2]. Internal Control Overview - The Company has established a governance structure that includes a Party Committee, Shareholders' Meeting, Board of Directors, and Supervisory Board, ensuring compliance with the Company Law and other regulations [3][4]. - The internal control system is designed to manage risks effectively, including financial, credit, and investment risks, with a focus on prudent operations and compliance [6][8]. Risk Management - The Company has developed a comprehensive risk management framework, continuously improving its risk assessment processes and compliance checks [5][7]. - As of June 30, 2025, the Company reported a net interest income of 2.478 billion yuan and a total profit of 3.884 billion yuan, indicating strong financial performance [8]. Compliance and Regulatory Standards - The Company has not experienced any significant compliance losses or regulatory penalties, demonstrating effective risk control measures [9]. - The liquidity and safety of deposits are well-managed, with no instances of delayed payments due to insufficient cash positions [10].

Core Viewpoint - The risk assessment report for Sinochem Group Finance Co., Ltd. indicates that the company's risk management design and execution related to financial statements as of June 30, 2025, are reasonable and effective [1][2]. Company Overview - Sinochem Group Finance Co., Ltd. was established in June 2008 with a registered capital of 6 billion yuan and is approved by the China Banking Regulatory Commission [3]. - The company's shareholders include Sinochem Holdings Co., Ltd. (37%), Sinochem Corporation (35%), and Sinochem Capital Co., Ltd. (28%) [3]. Business Scope - The company provides financial services to member enterprises, including deposit acceptance, loan issuance, bill discounting, fund settlement, and financial consulting [4]. Internal Control Overview - The company has established a modern corporate governance structure with a clear division of responsibilities among the shareholders' meeting, board of directors, and management [4]. - A series of internal control systems and operational procedures have been developed to manage risks effectively [5]. Risk Management - The company has a dedicated risk management department and has implemented various risk control measures tailored to different business characteristics [5]. - The company prioritizes safety, liquidity, and profitability in its fund management practices [6]. Financial Performance - As of June 30, 2025, the company's total assets amounted to 70.604 billion yuan, with total equity of 13.069 billion yuan and member deposits of 57.168 billion yuan [16]. - The company reported interest income of 635 million yuan and a net profit of 93 million yuan for the first half of 2025 [16]. Regulatory Compliance - As of June 30, 2025, the company met all regulatory requirements, including a capital adequacy ratio of 12.33% and a liquidity ratio of 61.45% [18]. - The company has not faced any significant operational risks or regulatory penalties since its establishment [18].