Core Viewpoint - The company, Zhongye Meiliyun Industrial Investment Co., Ltd., has released its 2025 semi-annual report, indicating stable operations and no significant adverse impacts from the liquidation of its subsidiary, Xinghe Technology [5][6]. Company Overview - The company did not distribute cash dividends or issue bonus shares during the reporting period [3]. - The number of shareholders and their holdings remained unchanged, with no changes in the controlling shareholder or actual controller during the reporting period [5]. Financial Data and Key Indicators - The company raised a total of RMB 1,945.30 million through a non-public offering of 378,463,035 shares at RMB 5.14 per share [11]. - As of June 30, 2025, the net amount of raised funds was RMB 1,928.30 million, with total earnings of RMB 141.16 million from investments [12]. - The company has utilized RMB 1,984.69 million of the raised funds, with RMB 1,256.39 million allocated to the data center project and RMB 693.90 million for debt repayment [12][18]. Important Matters - The liquidation of Xinghe Technology is being conducted according to the asset disposal plan approved by the board, and it is not expected to adversely affect the company's operations or financial status [5][6]. - The company has established a management system for the raised funds, ensuring that they are used for their intended purposes and are subject to strict approval processes [13][19]. Risk Assessment - The company conducted a risk assessment of its affiliate, Chengtong Financial Co., Ltd., which has a registered capital of RMB 5 billion and has established a comprehensive internal control system [20][43]. - As of June 30, 2025, Chengtong Financial's capital adequacy ratio was 23.89%, significantly above the regulatory requirement of 10% [37].

Core Viewpoint - The audit report indicates that China Electronic Finance Co., Ltd. has effectively established and implemented a risk management system related to its financial statements, including funding, credit, investment, auditing, and information management as of June 30, 2025 [1][33]. Company Overview - China Electronic Finance Co., Ltd. was established as a national non-bank financial institution and began operations in 2001, with a registered capital of 1.901 billion RMB, which was later increased to 2.5 billion RMB after a capital increase [5][6]. - The company underwent a merger with Zhuhua Group Finance Co., Ltd. and opened a branch in Guizhou in May 2023 [5][6]. Risk Management System - The company has developed a comprehensive risk management system, including internal control measures and risk assessment procedures, to ensure effective governance and operational integrity [9][10]. - The internal control structure is designed to separate responsibilities among various governance bodies, including the shareholders' meeting, board of directors, and supervisory board [9]. Financial Performance - As of June 30, 2025, the company reported bank deposits of 18.666 billion RMB, net interest income of 257 million RMB, and a net profit of 161 million RMB [20][33]. - The company maintains a capital adequacy ratio of 12.75%, which exceeds the regulatory minimum requirement [20]. Compliance with Regulatory Requirements - The company adheres to the regulatory requirements set forth by the China Banking and Insurance Regulatory Commission, including maintaining liquidity ratios and limits on loan balances relative to deposits [20][21]. - The company has established various internal policies and procedures to ensure compliance with financial regulations and effective risk management [30][31].

Group 1 - The board of directors of Jiangsu Yueda Investment Co., Ltd. held its sixth meeting of the twelfth session on August 15, 2025, via telecommunication voting, with all 11 directors present [1] - The board approved the "2025 Half-Year Report" and its summary, with the audit committee confirming that the financial report accurately reflects the company's financial status as of June 30, 2025 [1] - The board also approved the risk assessment report for Jiangsu Yueda Group Financial Co., Ltd. for the first half of 2025, indicating that the financial services provided are manageable and do not adversely affect the company's financial independence [2]

Group 1 - The financial company, Jiangsu Yueda Group Financial Co., Ltd., was established on December 23, 2015, with a registered capital of 1.1 billion RMB, and is primarily engaged in providing financial services to its parent group [1][2] - The ownership structure of the financial company includes Jiangsu Yueda Group Co., Ltd. (51%), Jiangsu Yueda Investment Co., Ltd. (25%), and Yueda Capital Co., Ltd. (24%) [1] - The financial company has established a comprehensive internal control system, including a board of directors, a supervisory board, and a risk management committee to ensure effective governance and risk management [2][4] Group 2 - As of June 30, 2025, the financial company reported total assets of 4.966 billion RMB, with loans and advances amounting to 3.129 billion RMB and interbank deposits of 1.025 billion RMB [12] - The financial company has implemented a robust risk management framework to identify and assess credit risk, liquidity risk, and operational risk, ensuring a balanced approach to risk and return [4][6][7] - The financial company has established a credit rating system for clients, categorizing them into six credit levels (AAA to B) based on various financial and non-financial indicators [5] Group 3 - The financial company has developed a liquidity risk management policy that emphasizes both risk control and pursuit of benefits, ensuring that liquidity risks are maintained within manageable limits [6][10] - The internal audit department operates independently to oversee compliance and effectiveness of internal controls, providing recommendations for improvement based on audit findings [11] - As of June 30, 2025, the financial company has met all regulatory requirements set forth by the relevant financial authorities, indicating a sound financial position and effective risk management practices [15]

Core Viewpoint - The risk assessment report for Jizhong Energy Group Financial Co., Ltd. indicates that the company has established a robust risk management framework and complies with regulatory requirements, ensuring its operational legitimacy and financial stability [1][2][5]. Company Overview - Jizhong Energy Group Financial Co., Ltd. was established in 1998 with a registered capital of 5.5 billion RMB, following a strategic restructuring in 2009 [2][3]. - The company has undergone several capital increases, with the current registered capital reaching 5.5 billion RMB [4][14]. Compliance and Risk Control - The company has not violated any regulations set by the China Banking and Insurance Regulatory Commission [2]. - A significant loan balance to a single shareholder exceeds the registered capital, which has been reported to the National Financial Supervision Administration [2][15]. - The company has implemented a comprehensive internal control system, including a board-led governance structure and various specialized departments for risk management [5][12]. Financial Performance - As of June 30, 2025, the company reported total assets of 20.29 billion RMB and total liabilities of 14.23 billion RMB, with a net profit of 131 million RMB for the first half of 2025 [13]. - Key regulatory indicators include a capital adequacy ratio of 30.54%, a liquidity ratio of 65.78%, and a loan balance ratio of 79.13% [13][14]. Business Operations - The company offers a range of financial services, including deposit acceptance, loan processing, and financial consulting, primarily to its member units [5][8]. - The credit business is limited to members of the Jizhong Energy Group, with a unified credit management system in place [8][9]. Risk Management Practices - The company has established various management measures to mitigate operational risks, including strict account management and compliance with deposit and loan regulations [7][8]. - An independent credit risk management department oversees the credit approval process, ensuring a clear separation of duties [9][10]. Internal Audit and Information Technology - The company has a dedicated internal audit department that conducts regular audits to ensure compliance and identify areas for improvement [10][11]. - Significant investments have been made in information technology to enhance risk control capabilities and ensure business continuity [11][12].

Core Viewpoint - The report evaluates the financial risk assessment of Yantai Longyuan Power Technology Co., Ltd. regarding its financial dealings with the National Energy Group Financial Co., Ltd., highlighting the company's financial status, internal control mechanisms, and risk management practices as of June 30, 2025 [1][11]. Financial Company Basic Information - National Energy Group Financial Co., Ltd. has a registered capital of 1,750 million yuan, with major shareholders including National Energy Investment Group Co., Ltd. (60.00%) and China Shenhua Energy Co., Ltd. (32.57%) [2]. - The company provides various financial services, including deposit acceptance, loan processing, and financial consulting [1]. Internal Control and Risk Management - The financial company has established a modern governance structure with clear responsibilities for the board of directors and management, ensuring effective risk management [2]. - A comprehensive internal control management system is in place, including risk management committees and audit committees to oversee business activities [2][4]. - The company employs a risk matrix for dynamic monitoring and control of various business risks, ensuring effective identification and assessment of credit, market, and operational risks [2][4]. Financial Performance - As of June 30, 2025, the financial company reported total assets of 307.98 billion yuan, total liabilities of 269.10 billion yuan, and total equity of 38.88 billion yuan [11]. - For the first half of 2025, the company achieved operating income of 2.24 billion yuan and a net profit of 1.80 billion yuan [11]. Risk Indicators - As of June 30, 2025, the financial company's risk indicators met regulatory requirements, indicating a stable risk management framework [13]. Financial Business with Yantai Longyuan - The financial company provides Yantai Longyuan with a maximum daily loan and financial service limit of 300 million yuan, with a maximum deposit limit of 700 million yuan [14]. - As of June 30, 2025, Yantai Longyuan had no outstanding loans with the financial company, adhering strictly to the financial service agreement [16]. Continuous Risk Assessment Measures - The financial company implements strict risk management protocols and regularly submits financial reports to Yantai Longyuan, ensuring the safety and liquidity of deposited funds [17][18].

Core Viewpoint - The company is renewing its financial service agreement with Midea Group Financial Company, which is expected to enhance its financing channels, improve capital efficiency, and reduce financing risks, benefiting the company and its shareholders [11][15][96]. Group 1: Financial Services Agreement - The financial service agreement allows the company to choose from a range of financial services provided by Midea Group Financial Company, including deposits, loans, and settlement services [9][10]. - The pricing for these services will adhere to fair and reasonable principles, not exceeding market prices or the standards set by the People's Bank of China [3][11]. - The agreement includes transaction limits, with a maximum daily deposit balance of RMB 45 million and a total credit limit of RMB 600 million for the company [4][11]. Group 2: Risk Management - The company has conducted a risk assessment of Midea Group Financial Company, finding no significant deficiencies in its risk management practices [10][99]. - A risk disposal plan has been established to ensure the safety and liquidity of the company's funds when engaging in financial transactions with Midea Group Financial Company [10][11]. Group 3: Independent Board and Supervisory Opinions - The independent board and supervisory committee have unanimously agreed that the continuation of the financial services agreement with Midea Group Financial Company aligns with the interests of the company and its shareholders [14][15][96][97]. - The independent board emphasized that the services provided will not harm the interests of the company or minority shareholders and will not affect the company's independence [14][15][96]. Group 4: Upcoming Shareholder Meeting - The company has scheduled its first extraordinary general meeting of 2025 for September 1, 2025, to discuss the renewal of the financial services agreement among other agenda items [17][86]. - The meeting will allow shareholders to vote on the proposed resolutions, including the financial services agreement, which requires a special resolution for approval [22][86].

华北制药股份有限公司 关于冀中能源集团财务有限责任公司的 风险持续评估报告 根据《上海证券交易所上市公司自律监管指引第5号— —交易与关联交易》的要求，华北制药股份有限公司(以下简 称"华北制药"或"公司")通过查验冀中能源集团财务有限 责任公司（以下简称"财务公司"）的《金融许可证》、《企 业法人营业执照》等证件资料，并审阅包括资产负债表、利 润表、现金流量表等在内的财务公司的定期财务报告，对其 经营资质、业务和风险状况进行了评估，具体情况报告如下： 一、财务公司基本情况 财务公司前身为华北制药集团财务有限责任公司，是经 中国人民银行（银复[1993]245号）批准成立，1998年8月18 日取得《企业法人营业执照》（统一社会信用代码 文件要求，冀中能源集团有限责任公司（以下简称"冀中能 源集团"）对华北制药集团有限责任公司实施了战略重组， 并收购其持有华北制药集团财务有限责任公司的股份成为 华北制药集团财务有限责任公司股东。2009年，经中国银行 业监督管理委员会河北监管局（银监冀局复[2009]283号）核 准，华北制药集团财务有限责任公司更名为冀中能源集团财 务有限责任公司。截至目前，财务公司注册资本 ...

随着中化集团财务公司、中国华能财务公司跨境财资中心迁入雄安新区试运行顺利结束，首批疏解央企 财务公司正式"安家"雄安新区。 破壁突围：资金池"换行不换心" 在跨境资金池业务迁移过程中，中化集团遇到现实壁垒——原合作银行在雄安新区没有分支机构。若无 法解决，业务将面临"迁移即断档"的风险。 国家外汇局北京市分局迅速行动，指导原合作银行北京分行按时清理存量业务、注销相关账户。国家外 汇局河北省分局按"最小必要"原则，实施跨境资金池业务重新备案，即主办企业、境内外成员企业、业 务范围、外债与境外放款集中额度等均保持不变，仅将原合作银行北京分行相应调整为雄安分行。同 时，支持企业自主选择浦发银行雄安分行作为新增合作银行，承接原合作银行业务。 迁移之难，首在政策落差。"如何让迁入雄安新区的央企享受与北京同等的政策便利？首先要解决京雄 两地之间的政策差距。"国家外汇管理局资本项目管理司司长肖胜介绍，"近两年，我们深入贯彻党中央 优化区域开放布局重大决策，服务重大区域发展战略，研究制定一系列适应雄安新区经济特色及产业发 展需要的试点政策，助力其高质量疏解发展。"5项资本项目高水平开放试点、"科汇通"试点、3项高质 量疏解发 ...

当前，作为提升金融服务实体经济质效的重要抓手，供应链金融以产业协同为纽带，以数字技术为 支撑，成为兴产业、促转型、稳经济的关键力量。 中国人民银行、金融监管总局等六部门近日联合发布的《关于规范供应链金融业务 引导供应链信 息服务机构更好服务中小企业融资有关事宜的通知》（以下简称《通知》）强调，正确把握供应链金融 内涵与方向，以支持产业链供应链优化升级为着力点，聚焦制造业等重点行业和关键领域，增强产业链 供应链韧性和竞争力。 供应链金融主要以短期、高频的交易融资为基础，与企业中长期信贷形成"短长互补"的融资体系， 共同满足企业全周期资金需求。 一组来自中国财务公司协会的相关数据显示，2024年财务公司行业累计投放贷款237.74万笔，规模 5.42万亿元。截至2024年末，全行业短期贷款余额为1.85万亿元，中长期贷款余额为1.96万亿元。 "最近一段时间，财务公司明显对供应链金融给予了特别的关注。"一名财务公司从业人士告诉《金 融时报》记者，"不仅是票据承兑、贴现等传统业务，在模式创新与科技赋能方面，也都开始进行积极 尝试并收获可喜的进展。" 同时，一些财务公司纷纷开始扩招相关人员，除了非融资性保函、票据等信 ...