Core Viewpoint - The report evaluates the operational and risk management status of China Merchants Group Financial Co., Ltd., highlighting its compliance with regulatory requirements and effective internal controls [2][12]. Group 1: Company Overview - China Merchants Group Financial Co., Ltd. was established on May 17, 2011, with a registered capital of RMB 5 billion, where China Merchants Group Co., Ltd. contributed RMB 2.55 billion (51%) and China Foreign Transport Long Shipping Group Co., Ltd. contributed RMB 2.45 billion (49%) [2]. - The company operates as a non-bank financial institution with a range of services including deposit acceptance, loan processing, and financial consulting [2]. Group 2: Internal Control and Risk Management - The company has established a governance structure including a shareholders' meeting, board of directors, and supervisory board, with clear responsibilities for risk management [3]. - A comprehensive risk management framework is in place, including a risk management department and internal audit functions to oversee business activities [3][12]. - The company has implemented a series of internal control systems and operational procedures to manage risks effectively [3][5]. Group 3: Financial Performance - As of June 30, 2025, the company reported total assets of RMB 47.784 billion and total equity of RMB 6.592 billion, with member unit deposits amounting to RMB 41.086 billion [12]. - The company has maintained a profit margin, adhering to a principle of prudent management since its inception [12]. Group 4: Regulatory Compliance - The company meets various regulatory requirements, including a capital adequacy ratio of 19.12%, significantly above the required minimum of 10.5% [12]. - Other compliance metrics include a liquidity ratio of 52.97% and a loan ratio of 56.52%, both within acceptable limits [12]. Group 5: Shareholder and Related Transactions - The company has engaged in transactions with its shareholders, with deposits totaling RMB 289 million, representing 5.94% of total deposits, and loans of RMB 673 million, accounting for 82% of total loans [13]. - The report indicates that the company has not faced any liquidity issues with its financial transactions [13].

Core Viewpoint - Shaanxi Natural Gas Co., Ltd. conducted a risk assessment of Shaanxi Yanchang Petroleum Finance Co., Ltd., confirming its legal status and sound operational conditions, with no significant risks identified in its management practices [1][13]. Group 1: Company Overview - Shaanxi Yanchang Petroleum Finance Co., Ltd. is a non-bank financial institution established in December 2013, with a registered capital of 287.303 million yuan, primarily owned by Shaanxi Yanchang Petroleum (Group) Co., Ltd. with an 82.087% stake [1][2]. - The company provides various financial services, including deposit acceptance, loan processing, and financial consulting for its member units [2][3]. Group 2: Internal Control and Risk Management - The company has established a robust internal control environment, with clear governance structures and responsibilities, enhancing decision-making and operational efficiency [4][5]. - A comprehensive risk management system is in place, with dedicated departments for risk assessment and internal auditing, ensuring effective risk identification and mitigation [5][6]. Group 3: Financial Performance - As of December 31, 2024, the total assets of Shaanxi Yanchang Petroleum Finance Co., Ltd. amounted to 2,292.886 million yuan, with total liabilities of 1,685.866 million yuan and owner’s equity of 607.020 million yuan [10][11]. - The company has maintained compliance with regulatory requirements, with all key financial indicators meeting the standards set forth by the relevant financial regulations [11][12].