CNPCCCL(SZ:000617)2025-07-02 10:32Group 1: Financial Performance - In 2024, China Petroleum Finance achieved a net profit of 60.4 billion CNY, maintaining steady growth through capital market opportunities and expanding foreign exchange business [2] - The main sources of assets and liabilities for China Petroleum Finance are from China National Petroleum Corporation and its subsidiaries, functioning as an "internal bank" and "treasury platform" [2] Group 2: Overseas Operations - The overseas business is primarily conducted by China Petroleum Finance (Hong Kong) Co., Ltd., which provides financial services for the group and its subsidiaries [3] - The business scope includes fund pool management, fund settlement, lending, investment, and foreign exchange services [3] Group 3: Risk Management and Impairment - Changes in credit impairment provisions are influenced by loan scale and customer structure, adhering to the principle of prudence [3] - The company maintains a low-risk preference and strengthens risk management to ensure stable development [3] Group 4: Banking Operations - Kunlun Bank aims to stabilize its interest margin through strategies focused on risk control, asset-liability structure adjustment, and business growth [4] - As of March 2025, Kunlun Bank's total assets increased by 2.3 billion CNY compared to the beginning of the year, with operating income also showing a year-on-year increase [4] Group 5: Trust Business Development - Kunlun Trust is focusing on compliance management and risk control in response to new regulations, aiming to enhance operational professionalism [4] - The company is committed to serving the real economy and reducing reliance on single business areas to improve overall risk management capabilities [4]