China Merchants Energy Shipping Co.Ltd(601872)
Internal control evaluation report in 2021
China Merchants Energy Shipping Co.Ltd(601872) all shareholders:
In accordance with the provisions of the basic norms of enterprise internal control and its supporting guidelines and other internal control regulatory requirements (hereinafter referred to as the enterprise internal control normative system), combined with the company's (hereinafter referred to as the company's) internal control system and evaluation methods, and on the basis of daily and special supervision of internal control, we evaluated the effectiveness of the company's internal control on December 31, 2021 (the benchmark date of internal control evaluation report). I Important statement
It is the responsibility of the board of directors of the company to establish, improve and effectively implement internal control, evaluate its effectiveness and truthfully disclose the internal control evaluation report in accordance with the provisions of the enterprise's internal control standard system. The board of supervisors shall supervise the establishment and implementation of internal control by the board of directors. The management is responsible for organizing and leading the daily operation of the enterprise's internal control. The board of directors, the board of supervisors and the directors, supervisors and senior managers of the company guarantee that there are no false records, misleading statements or major omissions in the contents of this report, and bear individual and joint legal liabilities for the authenticity, accuracy and completeness of the contents of the report.
The objective of the company's internal control is to reasonably ensure the legal compliance of operation and management, asset safety, authenticity and integrity of financial reports and relevant information, improve operation efficiency and effect, and promote the realization of development strategy. Due to the inherent limitations of internal control, it can only provide reasonable assurance for the realization of the above objectives. In addition, as changes in circumstances may lead to inappropriate internal control or reduced compliance with control policies and procedures, there is a certain risk to speculate the effectiveness of internal control in the future according to the internal control evaluation results. II Internal control evaluation conclusion 1 On the benchmark date of the internal control evaluation report, does the company have any major defects in the internal control of financial reporting
□ yes √ no
2. Evaluation conclusion of internal control over financial reporting
√ valid □ invalid
According to the identification of major defects in the company's internal control over financial reporting, there are no major defects in the internal control over financial reporting on the benchmark date of the internal control evaluation report. The board of Directors believes that the company has maintained effective internal control over financial reporting in all major aspects in accordance with the requirements of the enterprise's internal control standard system and relevant regulations. 3. Whether major defects in internal control over non-financial reporting are found
□ yes √ no
According to the identification of major defects in the company's internal control over non-financial reports, the company found no major defects in the company's internal control over non-financial reports on the benchmark date of the internal control evaluation report.
4. Factors affecting the evaluation conclusion of internal control effectiveness from the benchmark date of internal control evaluation report to the date of issuance of internal control evaluation report □ applicable √ not applicable
There are no factors affecting the evaluation conclusion of the effectiveness of internal control from the base date of the internal control evaluation report to the date of issuance of the internal control evaluation report. 5. Whether the internal control audit opinion is consistent with the company's evaluation conclusion on the effectiveness of internal control over financial reporting
√ yes □ No 6 Whether the disclosure of major defects in internal control of non-financial reports in the internal control audit report is consistent with the disclosure of the company's internal control evaluation report √ yes □ no III Internal control evaluation (I) Scope of internal control evaluation
According to the risk oriented principle, the company determines the main units, businesses and matters included in the evaluation scope and high-risk areas. 1. The main units included in the evaluation scope include China Merchants Energy Shipping Co.Ltd(601872) , Haihong shipping (Hong Kong) Co., Ltd., Hong Kong Minghua Shipping Co., Ltd., China Merchants Energy Transportation (Singapore) Holding Co., Ltd., Shenzhen China Merchants ro ro Transportation Co., Ltd., China Merchants Energy Trading (Singapore) Co., Ltd. and Sinotrans Container Transportation Co., Ltd. 2. Proportion of units included in the scope of evaluation:
Proportion of indicators (%)
The ratio of the total assets of the units included in the evaluation scope to the total assets of the company's consolidated financial statements 100
The total operating income of the units included in the evaluation scope accounts for 100% of the total operating income in the company's consolidated financial statements
3. The main operations and matters included in the scope of evaluation include:
China Merchants Energy Shipping Co.Ltd(601872) and its wholly-owned and holding subsidiaries will focus on organizational structure, development strategy, human resources, social responsibility, corporate culture, capital activities, procurement business, asset management, sales business, investment activities, research and development, engineering projects, guarantee business, business outsourcing, financial reports, comprehensive budget, file management, internal information transmission, information system, audit management, legal compliance management External information disclosure, oil transportation business, bulk cargo transportation business, RO ro transportation business, container liner operation business, ship management business, chartering business, freight forwarding business, ship refueling business, ship service, crew management, contract logistics, e-commerce business, warehouse management and other processes and relevant control activities have been sorted and updated, risks have been identified and evaluated, defects have been identified, defects have been rectified, etc. 4. High risk areas of focus mainly include:
Development strategy, fund management, general control of information system, investment management, human resource management, ship management, crew management, oil transportation business management, etc. 5. The above units, businesses and matters included in the evaluation scope and high-risk areas cover the main aspects of the company's operation and management. Is there any major omission □ yes √ no
6. Is there a statutory exemption
□ yes √ No 7 Other explanatory matters
None. （2） Basis of internal control evaluation and identification standard of internal control defects
The company organizes and carries out internal control evaluation according to the enterprise internal control standard system and the requirements of the basic norms of enterprise internal control, the application guidelines of enterprise internal control and the guidelines for enterprise internal control evaluation issued by five ministries and commissions including the Ministry of finance. 1. Whether the specific identification standard of internal control defects is adjusted with that of previous years
□ yes √ no
The board of directors of the company distinguished the internal control of financial report from the internal control of non-financial report according to the identification requirements for major defects, important defects and general defects of the enterprise internal control standard system, combined with the factors such as the company's size, industry characteristics, risk preference and risk tolerance, and studied and determined the specific identification standards of internal control defects applicable to the company, which are consistent with the previous years. 2. Identification standard of internal control defects in financial reporting
The quantitative criteria for the evaluation of internal control defects in financial reporting determined by the company are as follows:
Index name major defect quantitative standard important defect quantitative standard general defect quantitative standard
The overall evaluation standard is 20% of the financial statement materiality level that may be caused by the defect or defect combination financial Financial Statement misstatement that may be caused by the defect or defect combination Financial Statement misstatement that can be caused by the financial statement materiality level = financial statement materiality level 20%
Importance level of financial statements
Specific evaluation criteria: misstatement greater than 122.06 million and greater than misstatement greater than 24.41 million, less than misstatement less than 24.41 million and less than 0.5% of total revenue, and 122.06 million is located in 0.1% of operating revenue
0.1% - 0.5% of
Note: the amount unit in the table is RMB; "Less than" in the table includes this number, and "greater than" does not include this number.
The qualitative criteria for the evaluation of internal control defects in financial reporting determined by the company are as follows:
Qualitative standard of defect nature
Major defect if a defect or combination of defects cannot prevent or detect and correct the following behaviors / matters, or the defect or combination of defects can directly lead to the occurrence of the following behaviors / matters, the defect or combination of defects is recognized as a major defect: fraud of directors, supervisors and senior managers; The enterprise corrects the published financial report; The certified public accountant finds that there is a material misstatement in the current financial report, but the internal control fails to find the misstatement in the operation process; The supervision of the enterprise audit committee and internal audit institutions on internal control is invalid. In addition, enterprises can determine other qualitative standards according to industry characteristics and business characteristics.
Material defect if a defect or combination of defects causes the following behaviors / events to be prevented or found and corrected, or the defect or combination of defects can directly lead to the occurrence of the following behaviors / events, the defect or combination of defects is recognized as a material defect: accounting policies are not selected and applied in accordance with generally accepted accounting standards; Failure to establish anti fraud procedures and control measures; No corresponding control mechanism has been established or implemented for the accounting treatment of unconventional or special transactions, and there is no corresponding compensatory control; There are one or more defects in the control of the financial reporting process at the end of the period and can not be reasonably guaranteed
Verify that the prepared financial statements achieve the goal of authenticity and accuracy.
General defects general defects refer to other control defects other than the above major defects and important defects.
Description: none. 3. Identification standard of internal control defects in non-financial reporting
The quantitative criteria for the evaluation of internal control defects in non-financial reporting determined by the company are as follows:
Index name major defect quantitative standard important defect quantitative standard general defect quantitative standard
The turnover capacity has a significant impact on the asset turnover capacity, has a great impact on the asset turnover capacity, and has an adverse impact on the asset turnover capacity, resulting in the adverse impact on the total assets and the impact on the total assets, resulting in the reduction of the total asset turnover rate by more than 20% and the turnover rate by 10% to 20% and less than 10%
(including 10%)
The operating profit has a serious impact on the annual operating profit, a great impact on the annual operating profit, an adverse impact on the annual operating profit, or an adverse impact on the annual operating profit, or an annual impact, or a decrease of 43.9 million yuan in the annual operating profit, 8.78 million yuan in the operating profit and less than 8.78 million yuan in the profit
Above 43.9 million yuan
Cash flow has a serious adverse effect on cash flow, a great adverse effect on cash flow, an adverse impact on cash flow, resulting in a decrease in total cash inflow, As a result, the total cash inflow decreased or decreased, or the total cash outflow increased or decreased, or the total cash outflow increased. The total cash outflow increased by more than 31921596 million yuan and more than 31.92million yuan and less than 159.6 million yuan
Below yuan
Major investment mistakes in investment effect , major investment mistakes , general investment mistakes , direct economic losses of 43.9 million yuan, direct economic losses of 8.78 million yuan and direct economic losses of more than 8.78 million yuan, or investment projects without reasonable investment of less than 43.9 million yuan, Or the investment project has no reasonable reason to postpone the implementation of the plan for more than 6 months, the investment project has no reasonable reason to postpone the implementation of the plan for more than 3 months, or the implementation of the investment return plan has been postponed for more than 3 months and less than 6 months, or the investment return rate has been reduced by more than 40% and less than months, Or the return on investment is less than 30% lower than expected (the rate is 30% to 40% lower than expected)
Business continuity causes some disruption to the daily business of enterprises in general business / services, or business / service interruption needs to be interrupted, or business / service interruption needs to be heard, resulting in the interruption of individual business / services for more than half a year and more than three months and less than half a year, Or it takes less than 3 months for business / service interruption to recover
