As for the continuous risk assessment report of state-owned machinery finance Co., Ltd. Sinomach Precision Industry Co.Ltd(002046) has paid continuous attention to and evaluated the business qualification, business, finance and risk status of state-owned machinery finance Co., Ltd. (hereinafter referred to as "state-owned machinery finance" or "finance company") in accordance with the requirements of Sinomach Precision Industry Co.Ltd(002046) risk disposal plan for deposit and other financial business in state-owned machinery finance Co., Ltd, The details are reported as follows:
1、 Basic financial information of national machinery
Guoji finance was founded on January 25, 1989, formerly known as Hainan machinery trust and investment company, and renamed as CAMCE trust and investment company 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 Co., Ltd., 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.
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; 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. (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.)
In accordance with relevant national laws and regulations, Sinochem finance independently and legally carries out various financial businesses specified by the CBRC, takes "relying on the group's resources and serving the group's development" as the business purpose, aims to strengthen the centralized management of Sinochem's funds and improve the use efficiency of Sinochem's funds, and adheres to the business principles of safety, efficiency and liquidity.
(I) internal control environment
Guoji finance has established the board of shareholders, the board of directors and the board of supervisors. The board of shareholders is the authority of the company, and the board of directors is the permanent executive body of the board of shareholders. The articles of association and relevant management systems of Sinochem finance clarify 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, rule of law construction and 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 state-owned machinery finance, and provide support for the decision-making of the board of directors. Sinomach finance has one general manager and two deputy general managers, who are responsible for daily operation and management. Sinomach finance has nine functional departments with clear responsibilities and authorities. The financial organization chart of Sinoma is as follows:
(II) risk management
In combination with the regulatory requirements and actual situation, Sinochem finance 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 financial risk management organization system of state-owned machinery has a sound structure. The responsibilities of the board of directors, the board of supervisors, the management, all business departments, 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 regularly divides the main risks faced according to the degree of impact 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 consideration.
(III) control activities
In accordance with the provisions of the CBRC, Sinochem finance 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. State machinery finance has established an institutional system with various main businesses as the core, with 245 primary internal control systems. Main business introduction:
1. Credit business
Credit business includes credit business, self operated loan business, bill discount, bill acceptance, guarantee business, financial leasing, entrusted loan, 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 financial 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 and short-term bond investment. The risk management of short-term 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. The long-term equity investment, investment consultation and agency business shall follow the principle of one case, and the feasibility study report must be provided for the long-term equity investment business.
4. Foreign exchange business
In July 2015, state machinery finance obtained the qualification of spot foreign exchange settlement and sales business for member enterprises of the group with the approval of Beijing Foreign Exchange Management Department of the State Administration of foreign exchange; 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 the group's global funds, reduce the amount and number of transactions between the upstream and downstream industrial chains of enterprises, save the remittance handling fee and reduce the scale of settlement and sales of foreign exchange, Save exchange costs and reduce exchange rate risks.
(IV) internal supervision
Sinochem finance verified the effectiveness of risk management through internal audit, internal control evaluation and other internal supervision means, and continuously improved 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
The financial company has sound systems and effective implementation. 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
(I) operation
As of December 31, 2021, the total assets of state-owned machinery finance were 45527281600 yuan, and the total liabilities were 42243935200 yuan, including 421104545 million yuan of deposits from member units, accounting for 99.68% of the total liabilities and 32833464 million yuan of net assets; In 2021, the company realized an operating income of 851447500 yuan, a total profit of 4005896 million yuan and a net profit of 306198100 yuan.
(II) management
Since its establishment, Sinochem finance 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 financial 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 measures for the administration of financial companies of enterprise groups, as of December 31, 2021, various regulatory indicators of state-owned machinery finance have met the specified requirements. The details are as follows:
Standard value of S / n index actual value on December 31, 2021
1. Capital adequacy ratio ≥ 10% 12.52%
2. Balance of borrowed funds / total capital ≤ 100% 0.00%
3. Guarantee balance / total capital ≤ 100% 29.47%
4. Total investment / capital ≤ 70% 65.10%
5. Self owned fixed assets / total capital ≤ 20% 0.37%
4、 Deposits and loans of the company in state machinery finance
As of December 31, 2021, Sinomach Precision Industry Co.Ltd(002046) had a deposit balance of 5170661 million yuan, a loan balance of 370 million yuan and a financial leasing business balance of 258933 million yuan.
5、 Risk assessment opinions
Based on the above analysis and judgment, the company believes that:
(I) SAIC finance has legal and valid financial license and business license; (II) Sinochem finance 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 financial companies of enterprise groups by state-owned machinery finance is found, and the capital adequacy level of state-owned machinery finance meets the requirements of Article 34 of the measures;
(IV) in 2021, Sinochem finance operated in strict accordance with the measures for the administration of financial companies of enterprise groups and other regulations, and there were no major defects in the risk management of Sinochem finance.
Sinomach Precision Industry Co.Ltd(002046) and SINOCHEM finance have controllable risks in financial businesses such as deposits and loans.
Sinomach Precision Industry Co.Ltd(002046) April 13, 2022
