Sinotruk Jinan Truck Co.Ltd(000951)
Risk assessment report on Sinotruk Jinan Truck Co.Ltd(000951) Finance Co., Ltd
In accordance with the requirements of self regulatory guidelines for listed companies of Shenzhen Stock Exchange No. 7 - transactions and related party transactions, the financial license, business license of enterprise legal person and other certificates of Sinotruk Jinan Truck Co.Ltd(000951) Finance Co., Ltd. (hereinafter referred to as "sinotruk finance company") were examined, and the balance sheet, income statement and The regular financial reports of the heavy truck finance company, including the cash flow statement, evaluated the business qualification, business and risk status of the heavy truck finance company. The specific situation is reported as follows: I. Basic information of the heavy truck finance company
History: Sinotruk Jinan Truck Co.Ltd(000951) Finance Co., Ltd., formerly China Heavy Duty Vehicle Finance Co., Ltd., was founded in October 1987. It is one of the earliest enterprise group finance companies established in China with the approval of the people's Bank of China. In November 2002, according to the reply of the people's Bank of China on the debt restructuring plan of China heavy truck Finance Co., Ltd. (YF [2002] No. 323), heavy truck finance company carried out debt restructuring and completed the debt restructuring in March 2004. With the approval of the CBRC, it resumed normal business on October 28, 2004. In November 2007, the equity of heavy truck finance company held by Sinotruk Jinan Truck Co.Ltd(000951) (Hong Kong) Co., Ltd. was included in the scope of overseas red chip listing. Heavy truck finance company became a domestic financial enterprise controlled by foreign capital, and the largest controlling shareholder was Sinotruk Jinan Truck Co.Ltd(000951) (Hong Kong) Co., Ltd. By the end of December 2021, the company had 75 employees.
Financial license institution code: l0033h222010001; Unified social credit code of enterprise legal person business license: 9137 Konka Group Co.Ltd(000016) 3051590j; Investment approval certificate of Taiwan, Hong Kong, Macao and overseas Chinese: s.w.z.s.z. [2007] No. 0089.
Registered capital: 3050 million yuan. There are 21 shareholders in total, of which the top ten shareholders are:
No. shareholder name contribution amount (10000 yuan) shareholding ratio
1 Sinotruk Jinan Truck Co.Ltd(000951) (Hong Kong) Limited 15656564 513330%
2 Sinotruk Jinan Truck Co.Ltd(000951) Group Jinan Power Co., Ltd. 12436135 407741%
3 Sinotruk Jinan Truck Co.Ltd(000951) (Hong Kong) International Capital Co., Ltd. 1000000 3.2787%
4 China Heavy Duty Truck Group Co., Ltd. 698762 2.291%
5 Chongqing Heavy Duty Truck Group Cafu auto parts 137247 0.45% Co., Ltd
6 Shaanxi Automobile Industry Co., Ltd. 109661 0.3595%
7 Yichun Rural Commercial Bank Co., Ltd. 782.20 0.2565%
8 Shandong Luhua Energy Group Co., Ltd. 778.58 0.2553%
9 Bank of Texas 710.47 0.2329%
10 Shandong Ningjin Rural Commercial Bank Co., Ltd. 672.44 0.2205%
Legal representative: Wan Chunling
Registered address: first and second floors of Sinotruk Jinan Truck Co.Ltd(000951) science and technology building, No. 777 Hua'ao Road, high tech Industrial Development Zone, Jinan, Shandong
Postal Code: 250101
Enterprise type: limited liability company (joint venture between Taiwan, Hong Kong, Macao and China)
Business scope: 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; Approved insurance agency business; 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; Issuing financial corporate bonds with the approval of the CBRC; Underwriting corporate bonds of member units; Consumer credit, buyer's credit and financial leasing of products of member units; Securities investment (excluding stock investment).
2、 Basic information of financial company's risk management
(I) risk management environment
The board of directors and the board of supervisors have made clear the risk management of the company in accordance with the provisions of the board of directors and the board of supervisors. The company has a sound corporate governance structure, standardized management and operation, and established a risk management framework 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. Heavy truck finance company has set up the company's organizational structure according to the principle of mutual check and balance among decision-making system, execution system and supervision feedback system.
The organizational structure is as follows:
Board of directors: responsible for making decisions, establishing and maintaining the company's sound and effective risk management system (including the organizational system framework and policy system framework of risk management) and basic principles; Be responsible for determining the tolerable level of the company's credit risk, market risk, liquidity risk, operational risk, compliance risk, reputation risk and other risks, and the basis and method for determining the company's tolerable level of the above risks.
Board of supervisors: responsible for supervising the board of directors and senior management to improve the risk management and internal control system; Supervise the board of directors and senior management to perform their responsibilities of risk management and internal control; Be responsible for questioning the behavior of the board of directors and senior management in neglecting to perform the functions of risk management and internal control; Be responsible for requiring directors and senior managers to correct their violations of internal control requirements, and implement accountability according to specified procedures.
Senior management: be responsible for establishing and improving the relevant organizational structure of the company's risk management and ensuring the effective performance of various responsibilities of risk management and internal control; Formulate the company's risk management policies, measures and plans and submit them to the board of directors for approval; Supervise and evaluate the construction and operation of the company's risk management system; Be responsible for establishing the company's authorization system; Be responsible for organizing the establishment of a scientific and effective incentive and restraint mechanism and cultivating a good corporate spirit and risk management culture.
Risk Management Committee: a risk management committee is established under the board of directors to assist the board of directors in performing relevant responsibilities, mainly including reviewing risk strategies, risk management policies, risk management procedures and internal control processes, and supervising and evaluating the work of relevant senior managers and risk management departments in risk management.
Risk management department: take the lead in the daily management of comprehensive risk, mainly including: take the lead in promoting the construction of various risk management systems, formulating and monitoring risk appetite, monitoring the implementation of risk management strategies, risk limits and risk management policies and procedures, and organizing the implementation of regulatory requirements.
Audit department: independent from the business level and the management level, it is responsible for carrying out audit work in terms of business compliance, risk management and internal control in accordance with regulatory laws, regulations and the company's system and relevant audit processes, and reporting to the board of directors and senior management of the finance company; The audit department innovatively carries out audit supervision according to the business development needs and risk control requirements of the financial company, realizes the full coverage of audit supervision, carries out audit rectification guidance and daily communication, and gives full play to the supporting role of audit supervision in business.
For each major risk faced by the company, a risk prevention system composed of three lines of defense is established. Each business department is the first line of defense of risk management; Risk management department is the second line of defense of risk management; The audit department is the third line of defense for risk management.
(II) risk identification, assessment and monitoring
Heavy truck finance company has established a perfect 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. Each department of the finance company shall identify and evaluate the relevant business risks of the Department within its scope of responsibility according to the division of functions, and formulate their own different risk control systems, standardized operation processes and corresponding risk response measures according to the evaluation results.
Sinotruk Finance Corporation has completed the construction of credit rating model and credit scoring standard for corporate business, carried out self-assessment of operational risk and internal control, completed the construction of risk early warning system, and improved the efficiency, quality and technical level of risk identification and assessment, monitoring and reporting.
In terms of credit business management, the comprehensive use of on-site and off-site methods to monitor risks has formed a relatively perfect system and management system. (III) control activities
1. Settlement and fund management
In terms of settlement and fund management, in accordance with various regulatory laws and regulations, sinotruk Finance Corporation has formulated the settlement business management measures, settlement account management measures, seal card management measures, account reconciliation management measures, important blank vouchers management measures, unit deposit management measures, bank bill management measures, and management measures for assisting competent authorities to query, freeze and deduct customers' deposits The anti money laundering management measures and other business management measures and operation processes have effectively controlled business risks.
(1) Centralized fund management and internal settlement business. The member units shall fill in the application form for opening an account. According to the application of the member units, and after the review of the business management department, the general manager or deputy general manager in charge or the chief financial officer of the company shall open settlement accounts and various deposit accounts for the member units to deposit the funds of each member unit. Member units can transfer funds by submitting transfer instructions through the company's online settlement platform. The online settlement platform of heavy truck finance company has set strict access control measures and provided timely and detailed reconciliation services, which ensures the fund safety and settlement convenience of member units through information system control and sound system control.
(2) Deposit business of member companies. Sinotruk finance company 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.
(3) Liquidity management. Sinotruk finance company strictly abides by the relevant provisions of the measures for the management of financial companies of enterprise groups to manage the liquidity of assets and liabilities. With the help of cash flow prediction, sinotruk finance company predicts the changes of the company's liquidity risk and arranges its business in advance to ensure the safety, efficiency and liquidity of the company's funds. As of December 31, 2021, heavy truck finance company has sufficient liquidity and no large external financing demand.
(4) Financing. According to the liquidity situation, the company timely carries out capital financing business. The current financing channels include inter-bank borrowing, inter-bank certificate of deposit secondary market transfer, inter-bank bond market pledge repurchase, etc., which can meet the company's temporary capital needs
2. Credit management
Sinotruk finance company has established a credit management system with clear division of responsibilities, separation of loan review and mutual supervision and restriction between front and back. In order to effectively prevent credit risks, clarify job responsibilities and improve the efficiency and quality of credit business approval, the company sets up a credit review committee. The credit review committee is the decision-making body for the company to review credit business. It reviews the company's credit policies, credit programs and other credit business matters through collective deliberation and provides review opinions to the general manager.
According to the characteristics of the group's financial business, sinotruk finance company has formulated rules and regulations on customer credit business, bill business, working capital loan business, entrusted loan business, post loan management, asset risk classification, disposal of non-performing assets and so on.
The scope of credit business objects of SINOTRUK finance company shall comply with the provisions of the measures for the administration of enterprise group financial companies, and monitor the use, interest collection, extended loans and overdue loans of credit funds, and conduct post loan inspection on the safety and recoverability of credit assets in accordance with the requirements of the Interim Measures for the administration of working capital loans and other regulatory regulations of the CBRC, According to the relevant provisions on the risk classification of credit assets, the risk classification of credit assets shall be carried out regularly, and the provision for loan loss shall be withdrawn according to the degree of loan loss. The quality of credit assets of SINOTRUK finance company is good and the provision coverage is sufficient.
3. Information system control
Sinotruk finance company has a special information technology department, whose risk management is in line with the construction standards of commercial banks. Up to now, the important information systems that have been put into use include the " Sinotruk Jinan Truck Co.Ltd(000951) financial Co., Ltd. core business system" developed by Bank Of Communications Co.Ltd(601328) and the "UFIDA u9 financial management system" developed by UFIDA, which basically cover risk management links such as risk monitoring, risk analysis and disposal of non-performing assets, and basically realize the construction of risk information collection, transmission and analysis system in the whole process. Sinotruk Finance Co., Ltd. has established an information technology management committee and formulated the rules of procedure of the information technology management committee of Sinotruk Jinan Truck Co.Ltd(000951) Finance Co., Ltd., the information technology management measures of Sinotruk Jinan Truck Co.Ltd(000951) Finance Co., Ltd., the information technology security management measures of Sinotruk Jinan Truck Co.Ltd(000951) Finance Co., Ltd., the information technology data management measures of Sinotruk Jinan Truck Co.Ltd(000951) Finance Co., Ltd. and other systems and operating procedures, To ensure the IT support of the company's operation. It has made detailed provisions on network security, system equipment management and maintenance, disaster recovery and emergency treatment, user and authority management, key management, abnormal business treatment, etc., and clarified the system authority of each post of each department one by one. Each key control link of the system is set with multi-level approval to control operational risk, and the authority of incompatible posts such as system managers and business operators is strictly separated.
4. Compliance risk control
Sinotruk Finance Corporation has formulated internal control systems such as comprehensive risk management system, compliance management measures and market risk management measures, and established a perfect comprehensive risk management system. The risk management department focuses on the company's key business and key links, adheres to prevention, irregularly conducts compliance risk inspection on all departments of the company, and issues corresponding compliance risk briefings and compliance risk tips. The management must put forward rectification opinions and corrective measures according to the inspection and evaluation results of risk compliance, and urge all departments to effectively implement them. Effectively prevent risks, plug loopholes, prevent and control business risks and ensure asset quality and safety.
5、
