China Avionics Systems Co.Ltd(600372)
With regard to the continuous risk assessment report of AVIC Finance Co., Ltd., according to the relevant provisions and requirements of the measures for the management of enterprise group financial companies, the company has assessed its business qualification, business and risk status by checking the relevant data of AVIC Finance Co., Ltd. (hereinafter referred to as "AVIC finance"), and now the relevant risk assessment is reported as follows:
1、 Basic financial information of aviation industry
AVIC Finance Co., Ltd. is a non bank financial institution with the status of enterprise legal person approved by Bank Of China Limited(601988) industry supervision and Administration 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 three capital increases and equity changes, the current registered capital is 2.5 billion yuan and there are four shareholder units. Among them, the contribution of China Aviation Industry Group Co., Ltd. is 1178 million yuan, accounting for 47.12% of the registered capital; AVIC Investment Holding Co., Ltd. contributed 1112.5 million yuan, accounting for 44.50% of the registered capital; AVIC aircraft Co., Ltd. contributed 144 million yuan, accounting for 5.76% of the registered capital Guizhou Guihang Automotive Components Co.Ltd(600523) contribution: 65.5 million yuan, accounting for 2.62% of the registered capital.
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 and agency business (part time insurance agency business, credit assurance and related consulting and agency business; assisting member units in the collection and payment of transaction funds; providing guarantee to member units; handling entrusted loans and entrusted investment between member units; handling bill acceptance and discount for member units; handling internal transfer settlement and corresponding settlement and clearing scheme design between member units; absorbing deposits from member units; handling loans to member units) Loans and financial leases; 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, putting forward suggestions and reporting to the board of 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, so as to effectively control 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. Special lines are 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 20172018 20192020 2021
Total assets 1095515744675710692663889414114288003993241343416639855319471968958283
Total owner's equity
4982378930885751787219306543728326947112642269391154228030908 absorbing member units
1042599070880510075168502513107302256118121267722866619318305710530413 deposit balance
Total operating income 110975962453254892455687231501268632226151069019318801048955
Total profit 895961577621048837322691029398175657574778016986578152912
Net profit 6698674538576733942303791941107645689139424565720361667
(II) financial management of aviation industry
Since its establishment, aviation industry finance has always adhered to the principle of steady operation and strictly followed
The company law of the people's Republic of China, the banking regulatory law of the people's Republic of China
Accounting standards for business enterprises, measures for the administration of financial companies of enterprise groups and relevant national financial laws
Rules, regulations and the articles of association, standardize business behavior and strengthen internal management. According to
The understanding and evaluation of financial risk management in aviation industry has not been completed as of December 31, 2021
Discover the risk control of capital, credit, audit and information management related to the financial statements
The system has major defects.
(III) financial supervision indicators of aviation industry
According to the provisions of the measures for the administration of financial companies of enterprise groups, all aspects of aviation industry finance
The regulatory indicators meet the specified requirements:
Supervision and monitoring indicators
Classification index name regulatory requirements end of 2017 end of 2018 end of 2019 end of 2020 end of 2021
Capital adequacy ratio ≥ 10.5%, 13.29%, 13.17%, 13.09%, 12.82%, 15.76%
Non performing assets ratio ≤ 4% 0.00% 0.00% 0.00% 0.00% 0.00%
Non performing loan ratio ≤ 5% 0.00% 0.00% 0.00% 0.00% 0.00% credit risk
Asset loss reserve adequacy ratio ≥ 100% -----
Loan loss reserve adequacy ratio ≥ 100% -----
Liquidity ratio ≥ 25%, 75.25%, 70.79%, 69.49%, 73.09%, 72.09%
Liquidity risk deposit and loan ratio - 26.71%, 30.16%, 30.36%, 29.65%, 19.58%
RMB excess reserve ratio - 63.58%, 71.15%, 68.22%, 68.65%, 58.40%
Remarks: 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 assets and loans of the finance company are normal.
4、 Risk assessment opinions
be based on
