With regard to the continuous risk assessment report of Guoji Finance Co., Ltd., according to the requirements of self regulatory guidelines of Shanghai Stock Exchange No. 5 - transactions and related party transactions, su Guangdong Xinhui Meida Nylon Co.Ltd(000782) Co., Ltd. (hereinafter referred to as the "company") checked the business license, financial license and other materials and relevant financial materials of Guoji Finance Co., Ltd. (hereinafter referred to as the "company"), The company has evaluated its business qualification, business and risk status, and the specific situation is reported as follows:
1、 Basic information of Guoji Finance Co., Ltd
Founded on January 25, 1989, state machinery finance corporation was formerly known as Hainan machinery trust and Investment Corporation, which was renamed as China industry trust and Investment Corporation in February 1996. On August 19, 2003, according to the spirit of ZBF [1999] No. 1 document, it was approved by Bank Of China Limited(601988) industry supervision and Administration Commission (hereinafter referred to as "CBRC") yinjianfu (2003) No. 23 document, Officially transferred to China Machinery Industry Group Co., Ltd. (hereinafter referred to as "state machinery group") and reorganized into state machinery finance company, which is a non bank financial institution. On June 16, 2017, it obtained the business license of enterprise legal person renewed by Beijing Administration for Industry and commerce. Company domicile: No. 3, Danling street, Haidian District, Beijing, legal representative: Liu Zuqing, financial licensing institution code: l0010h211 Ping An Bank Co.Ltd(000001) , unified social credit Code: 9111010810001934xa, registered capital: 150 million yuan.
State machinery finance company is mainly engaged in 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; Underwriting corporate bonds of member units; Issue financial corporate bonds upon approval; Equity investment in financial institutions; Securities investment; Consumer credit, buyer's credit and financial leasing of products of member units; Insurance agency business.
2、 Basic information of internal control of Sinochem finance company
(I) internal control environment
The shareholders of state machinery finance company are state machinery group and 24 member units. The state machinery finance corporation has established the board of shareholders, the board of directors and the board of supervisors. The board of shareholders is the power organ of the company, and the board of directors is the permanent executive organ of the board of shareholders. The articles of association and relevant management systems of Sinomach finance company specify the responsibilities and authorities of the shareholders' meeting, the board of directors, the board of supervisors and the general manager, as well as their respective responsibilities in risk management. The board of Directors consists of four professional committees: nomination committee, development strategy committee, performance appraisal and compensation committee and audit and risk control committee. All professional committees operate in a standardized manner, study and review the major decisions of the state machinery finance company, and provide support for the decision-making of the board of directors. State machinery finance corporation has one general manager and two deputy general managers, who are responsible for daily operation and management. State machinery finance corporation has 10 functional departments with clear responsibilities and authorities. The organization chart of Sinochem finance company is as follows:
(II) risk management means
In combination with the regulatory requirements and actual situation, Sinochem Finance Corporation has formulated the risk management measures, which makes it clear that the core of risk management is full staff risk management and comprehensive risk management, and stipulates the organizational structure, basic process, responsibility identification and investigation of risk management. The risk management organizational system of SINOMACH Finance Corporation is sound. The responsibilities of the board of directors, the board of supervisors, the management, each business department, the risk management department and the internal audit department in risk management are clear, and the responsibility boundary is clear. It can effectively identify, evaluate, monitor and control risks, and has established a multi-level, interconnected and effective check and balance operation mechanism. According to environmental changes, Sinochem finance company regularly divides the main risks faced according to the importance of impact degree and occurrence possibility, evaluates and analyzes the tolerance of various risks, updates the core risk early warning indicators, adjusts and improves the risk management plan, improves the pertinence and adaptability of risk management, carries out risk assessment every year, forms a risk assessment report and submits it to the board of directors for deliberation.
(III) control activities
In accordance with the provisions of the CBRC, the state machinery finance corporation has formulated the company's business rules and established and improved the company's business management, cash management and safety prevention system; The audit and inspection system for various businesses has been established, and a full-time audit department independent of the operation and management has been established to be directly responsible to the board of directors and strengthen the internal control over the company's daily business. Main business introduction:
1. Credit business
The business includes credit, loan guarantee, bill acceptance, etc. The risk management in the process of credit business approval focuses on the compliance review of credit business policies and systems, the completeness review of the elements of application materials and the completeness review of the contents of application materials. Compliance review of policies and systems, focusing on compliance with relevant national laws and regulations, administrative rules, normative documents and policies and systems of the group and the company; The examination of the completeness of the elements and the completeness of the contents of the application materials focuses on whether sufficient elements and reasons have been provided to prove the rationality of the conclusions.
2. Settlement business
Settlement business refers to the collection and payment realized through the fund transfer of an enterprise's internal account in the finance company. Settlement business includes: collection business, payment business and internal transfer; The collection business is divided into: active collection by member companies, automatic collection and agent collection; Payment business is divided into offline payment and agent payment. The settlement business is regular and convenient. It can collect money directly from enterprises outside the group to the financial company. The entry steps are few and the efficiency is high. The real name system payment of member companies. Among them, the offline payment business only transfers the member companies with the same account name and does not pay to a third party, so as to ensure the safety of funds.
3. Investment business
Short term investment business includes stock investment, fund investment, bond investment and equity investment of financial institutions. The risk management of investment business follows the principle of regular evaluation and monitoring. After the business occurs, it shall be submitted to the compliance and risk control department for filing. The compliance and risk control department shall regularly review and evaluate the business from the aspects of compliance with policies and systems, completeness of application materials and completeness of contents.
4. Foreign exchange business
In July 2015, with the approval of the Beijing Foreign Exchange Management Department of the State Administration of foreign exchange, SAIC finance company obtained the qualification of spot foreign exchange settlement and sales business for member enterprises of SAIC Group; In September of the same year, he obtained the membership of inter-bank foreign exchange trading center. On December 201430, with the approval of the Beijing foreign exchange management department of the State Administration of foreign exchange, the record notice on China National Machinery Industry Corporation's centralized operation and management of foreign exchange funds was obtained. According to the contents of the documents approved by the safe, various business types, including the collection of foreign exchange funds at home and abroad, the centralized allocation of foreign debt and the amount of foreign loans, and the collection and payment of foreign exchange under current account, were carried out. And net settlement under current account. Through the collection and settlement management of domestic and overseas foreign exchange funds, it is convenient for member enterprises to adjust the internal settlement and sales of foreign exchange, reduce the links of settlement and sales of foreign exchange, increase or save the income or cost of settlement and sales of foreign exchange of member enterprises, which is conducive to the establishment of a global fund management center of state machinery group, realize the visual, controllable and overall management of state machinery group's global funds, reduce the amount and number of transactions between the upstream and downstream industrial chains of enterprises, and save the remittance handling fee, Reduce the scale of foreign exchange settlement and sales, save exchange costs and reduce exchange rate risks.
(IV) internal supervision
Sinochem finance company verifies the effectiveness of risk management through internal audit, internal control evaluation and other internal supervision means, and constantly improves the comprehensive risk management system. Sinomachine finance incorporated the important contents of comprehensive risk management such as credit risk, market risk, liquidity risk, operational risk and information technology risk into the scope of internal audit, adhered to the risk orientation, and carried out special audit around the above main risks. At the same time, through internal control evaluation, the company's overall comprehensive risk management content is included in the evaluation and supervision system, and the adequacy and effectiveness of main risk management are reviewed and evaluated.
(V) overall evaluation of internal control
All systems of state machinery finance company are sound and implemented effectively. Continuously improve the system and process in daily business operation and management activities, and establish a reasonable and complete internal control system on the basis of sustainable business development, which is in line with the effectiveness of internal control design and implementation, so as to control the overall risk at a low level.
3、 Operation management and risk management of state machinery finance company
(I) operation
As of December 31, 2021, the total assets of Sinochem finance were 45527281600 yuan and the total liabilities were 42243935200 yuan, including 421104545000 yuan of deposits from member units, accounting for 99.68% of the total liabilities and 3283346400 yuan of net assets. In 2021, the total profit was 4005896 million yuan and the net profit was 3061981 million yuan.
(II) management
Since its establishment, state machinery finance corporation has always adhered to the principle of sound operation, strictly abided by the company law, the measures for the supervision and administration of the banking industry, the accounting standards for business enterprises, the measures for the administration of financial companies of enterprise groups, relevant national financial regulations and the articles of Association, standardized business behavior and strengthened internal management. Through the understanding and evaluation of the risk management of the state machinery finance company, no major defects are found in the risk control systems related to the financial statements, such as capital, credit, investment, audit and information management.
(III) regulatory indicators
According to the provisions of the measures for the administration of financial companies of enterprise groups, as of December 31, 2021, various regulatory indicators of state-owned machinery finance company have met the specified requirements. The details are shown in the table below:
S / N indicator standard value actual value
1. Capital adequacy ratio ≥ 10% 12.52%
2. Proportion of borrowed funds ≤ 100% 0.00%
3. Investment proportion ≤ 70% 29.47%
Proportion of guarantee balance ≤ 10.4%
5. Proportion of self owned fixed assets ≤ 20% 0.37%
4、 Deposits and loans of the company in state machinery Finance Corporation
As of December 31, 2021, the balance of deposits and loans of su Guangdong Xinhui Meida Nylon Co.Ltd(000782) Co., Ltd. in state machinery finance Co., Ltd. was 5.094 billion yuan and 4.382 billion yuan respectively.
5、 Risk assessment opinions
Based on the above analysis and judgment, the company believes that:
(I) state machinery finance company has legal and valid financial license and business license;
(II) Sinochem Finance Corporation has established a relatively complete and reasonable internal control system, which can better control risks; (III) no violation of the provisions of the measures for the administration of enterprise group financial companies is found in the state-owned machinery finance company, and the capital adequacy level of the state-owned machinery finance company meets the requirements of Article 34 of the measures;
(IV) in 2021, Sinochem Finance Co., Ltd. operated in strict accordance with the measures for the management of enterprise group financial companies and other regulations, and there were no major defects in the risk management of Sinochem Finance Co., Ltd.
To sum up, the risks of related deposits, loans and other financial businesses between su Guangdong Xinhui Meida Nylon Co.Ltd(000782) Co., Ltd. and state machinery finance company are controllable.
Su Guangdong Xinhui Meida Nylon Co.Ltd(000782) Co., Ltd. April 12, 2022
