Fiyta Precision Technology Co.Ltd(000026)
Risk assessment report on deposits and loans related to AVIC Finance Co., Ltd
In accordance with the relevant regulations of Shenzhen Stock Exchange, Fiyta Precision Technology Co.Ltd(000026) (hereinafter referred to as "the company") has assessed the follow-up risks of deposit and loan business with AVIC Finance Co., Ltd. (hereinafter referred to as "AVIC finance"), and the specific situation is reported as follows:
1、 Basic financial information of aviation industry
Aviation industry finance is a non bank financial institution with the status of enterprise legal person approved by Bank Of China Limited(601988) Insurance Regulatory Commission and registered with the State Administration for Industry and commerce.
Aviation industry finance was formally established in April 2007 on the basis of the reorganization of the former Xi'an Aircraft Industry Group Finance Co., Ltd. and the former Guizhou Aviation Industry Group Finance Co., Ltd., jointly funded by China Aviation Industry Group Co., Ltd. and its subordinate member units. After four capital increases and equity changes, the current registered capital is 395138 million yuan and there are four shareholder units. Among them, the contribution of China Aviation Industry Group Co., Ltd. is 262938 million yuan, accounting for 66.54% of the registered capital; AVIC Investment Holding Co., Ltd. contributed 1112.5 million yuan, accounting for 28.16% of the registered capital Avic Xi'An Aircraft Industry Group Company Ltd(000768) contribution: 144 million yuan, accounting for 3.64% of the registered capital Guizhou Guihang Automotive Components Co.Ltd(600523) contribution: 65.5 million yuan, accounting for 1.66% of the registered capital. (the industrial and commercial change registration has not been completed yet.)
Financial license institution code: l0081h11 Ping An Bank Co.Ltd(000001)
Legal representative: Dong Yuan
Registered address: No. 10 b, Middle East Third Ring Road, Chaoyang District, Beijing
Business scope of aviation industry finance: Insurance concurrent agency business (the license for insurance concurrent agency business is valid until December 7, 2023); Handle financial and financing consulting, credit assurance and related consulting and agency business for member units; Assist member units to realize the receipt and payment of transaction funds; Provide guarantee to member units; Handle entrusted loans and entrusted investment between member units; Handle bill acceptance and discount for member companies; Handle the internal transfer settlement between member units and the corresponding settlement and clearing scheme design; Absorbing deposits from member units; Handle loans and financial leases for member units; Engage in interbank lending; Issue financial corporate bonds upon approval; Underwriting corporate bonds of member units; Equity investment in financial institutions; Investments in securities other than investments in the secondary stock market; Consumer credit and buyer's credit of products of member units. (enterprises shall independently choose business items and carry out business activities according to law; for projects subject to approval according to law, they shall carry out business activities according to the approved contents after being approved by relevant departments; they shall not engage in business activities of projects prohibited and restricted by industrial policies of this city.)
2、 Basic information of financial risk management in aviation industry
(I) control environment
Aviation industry finance has established the board of shareholders, the board of directors and the board of supervisors in accordance with the provisions of the company law, and has clearly stipulated the responsibilities of the board of directors, directors, supervisors and senior managers in risk management. The board of Directors consists of four professional committees, namely, the strategic development committee, the risk management committee, the audit committee and the assessment and Remuneration Committee, with directors with relevant professional knowledge as members to assist the board of directors in the investigation and decision-making of major strategic development, risk management, internal audit and personnel remuneration. The aviation industry has a sound financial governance structure, standardized management and operation, and established an organizational structure with reasonable division of labor, clear responsibilities, mutual checks and balances and clear reporting relationship, which provides necessary preconditions for the effectiveness of risk management. Aviation industry finance has set up the organizational structure according to the principle of mutual check and balance among decision-making system, execution system and supervision feedback system.
The financial organization chart of aviation industry is as follows:
(II) risk identification and assessment
Aviation industry finance has set up a risk management committee under the board of directors to supervise and guide the company's risk management. The company has established three lines of defense for risk management. All departments and branches are the first line of defense for risk management, the risk management department is the second line of defense for risk management, and the internal control audit department is the third line of defense for risk management. The company has established a sound hierarchical authorization management system, with clear division of responsibilities among departments and posts and clear reporting relationship at all levels. Through the reasonable setting of departments and post responsibilities, a risk control mechanism of mutual supervision and restriction between departments and posts has been formed. The risk management committee is responsible for analyzing and evaluating the risk status and risk management efficiency, supervising the risk control, making suggestions and reporting to the directors
(III) control activities
1. Settlement business control
In terms of settlement and fund management, according to various regulatory regulations, aviation industry finance has formulated settlement management and business systems such as department responsibilities and post responsibilities of settlement department and settlement account management measures. Each business system has a detailed operation process to clarify the business links, executive roles, main business activities, key input and output and main business rules of the process, Effectively controlled business risks.
On the one hand, aviation industry finance mainly relies on the fund settlement system for system control. The fund settlement system supports customers' multi-level authorization and approval of business to prevent customers' operational risks. Member units open settlement accounts in aviation industry finance, and realize fund settlement by logging in to the aviation industry financial fund settlement system and submitting instructions online or written instructions; The fund settlement system supports the online reconciliation function to realize the timely reconciliation between the aviation industry financial customer account and the customer bank account.
On the other hand, the aviation industry finance strictly follows the principles of equality, voluntariness, fairness and good faith to handle deposit business for member units, and the relevant policies are implemented in strict accordance with the relevant provisions of the CBRC and the people's Bank of China, so as to fully ensure the safety of the funds of member units and safeguard the legitimate rights and interests of all parties.
2. Credit management
In terms of credit business management, aviation industry finance strictly implements credit management. At the beginning of each year, according to the financing balance of member units and the financing demand of the new year, combined with the financial capital situation of aviation industry, determine the customer credit line plan, strictly handle the credit business within the credit line, strictly control the risk, and make the business both planned and balanced. At the same time, the credit department has formulated detailed management measures and operation processes for each credit business, such as loan, discount and factoring, innovated business, and implemented the management principle of "system first, business later".
The finance and credit business of aviation industry should carry out the three check system effectively, carry out pre loan investigation, loan time review, and post loan inspection standard. The loan can only be granted after the credit business is reviewed by the risk department, discussed and approved by the loan review committee and approved level by level. The single and cumulative business of each credit business of the branch shall be subject to authorization management. The business exceeding the authorization shall be reported to the aviation industry finance headquarters for approval after being discussed and approved by the branch loan review committee. The credit department and risk management department of the headquarters shall regularly inspect the branches every year.
3. Information system control
Aviation industry finance has established perfect software and hardware facilities and network security system, comprehensively used digital certificates, encryption and other technical measures to ensure the security and stability of the company's information system, and passed the three-level evaluation of information system security protection. Aviation industry finance is directly connected with 17 Commercial and policy banks such as industry, agriculture, China Construction, CDB and Guangfa, as well as the ticket exchange and foreign exchange trading center, and a special line is adopted to ensure safe and efficient data transmission.
4. Audit supervision
Aviation industry finance implements the internal audit supervision system, establishes the internal audit system, defines the responsibilities and authorities of internal audit institutions and auditors, the work contents and procedures of internal audit, and standardizes the review of specific internal control, the management of audit archives and other related matters. The internal control and audit department is responsible for the company's internal audit business, supervising and inspecting the implementation of internal control, the legality, compliance, safety, accuracy and effectiveness of business and financial activities, finding weak links in internal control, imperfect management and various risks caused thereby, and putting forward valuable improvement opinions and suggestions to the audit committee of the board of directors.
(IV) overall evaluation of risk management
Each business of aviation industry finance can be carried out in strict accordance with the system and process, without major operational risks; All regulatory indicators meet the requirements of regulatory authorities; The business operation is legal and compliant, the management system is sound, and the risk management is effective.
3、 Financial operation management and risk management of aviation industry
(I) financial operation of aviation industry
Unit: Yuan
Project 20192020 2021
Total assets 114288003993241343416639855319471334265696
Total owner's equity 6543728326947112642269391154228030908
Deposit balance of member units absorbed 107302256118121267722866619318222537860144
Total operating income 231501268632226151069019318401344863
Total profit 1029398175657574778016986578152912
Net profit 791941107645689139424565720361667
Note: the financial data of 2021 has not been audited.
(II) financial management of aviation industry
Since its establishment, aviation industry finance has always adhered to the principle of sound operation, standardized business behavior and strengthened internal management in strict accordance with the company law, the banking supervision and administration law, the accounting standards for business enterprises, the measures for the administration of enterprise group finance companies, relevant national financial regulations and rules and the articles of association. According to the understanding and evaluation of the financial risk management of the aviation industry, as of December 31, 2021, no major defects have been found in the risk control system of capital, credit, audit and information management related to the financial statements.
(III) financial supervision indicators of aviation industry
According to the measures for the administration of financial companies of enterprise groups, all regulatory indicators of aviation industry finance meet the specified requirements: table of regulatory and monitoring indicators
Classification index name: the end of 2019, the end of 2020 and the end of 2021
seek
Capital adequacy ratio ≥ 10.5%, 13.09%, 12.82%, 15.76%
Non performing assets ratio ≤ 4% 0.00% 0.00% 0.00%
Credit risk non-performing loan ratio ≤ 5% 0.00% 0.00% 0.00%
Asset loss reserve adequacy ratio ≥ 100% ---
Loan loss reserve adequacy ratio ≥ 100% ---
Liquidity ratio ≥ 25%, 69.49%, 73.09%, 72.09%
Liquidity risk deposit and loan ratio - 30.36%, 29.65%, 19.58%
RMB excess reserve ratio - 68.22%, 68.65%, 58.40%
Note: 1. The above total assets do not include entrusted loans.
2. The RMB excess provision rate includes the company's deposits in commercial banks.
3. As of December 31, 2021, the financial assets and loans of aviation industry are normal.
4、 Deposits and loans of the company in aviation industry finance
As of the end of the reporting period, the balance of the company's deposit in aviation industry finance was 14778604119 yuan, and the balance of loan was 0 yuan. Aviation industry finance did not provide guarantee to the company.
