Securities code: Tcl Technology Group Corporation(000100) securities abbreviation: TCL technology Announcement No.: 2022034 TCL Technology Group Co., Ltd
Continuous risk assessment report of TCL Technology Group Finance Co., Ltd
TCL Technology Group Co., Ltd. and all members of the board of directors guarantee that the contents of the announcement are true, accurate and complete, and there are no false records, misleading statements or major omissions.
1、 Basic information of finance company
TCL Technology Group Finance Co., Ltd. (hereinafter referred to as “TCL technology finance company”) was approved by the former Bank Of China Limited(601988) industry supervision and Administration Commission in December 2005. In September 2006, it was approved by the former CBRC to start business. It was officially opened for operation on November 8, 2006. The company’s financial license institution code is l0066h344130001, and the business license unified social credit code is 91441 Jiangsu Huaxin New Material Co.Ltd(300717) 867103c.
As of December 31, 2021, TCL Technology Finance Co., Ltd. had a registered capital of 1.5 billion yuan and two shareholders, including 1.23 billion yuan invested by TCL Technology Group Co., Ltd., accounting for 82%, and 270 million yuan invested by TCL Huaxing Photoelectric Technology Co., Ltd., accounting for 18%.
The business scope of TCL technology finance company includes: (1) handling financial and financing consulting, credit assurance and related consulting and agency business for member units; (2) Assist member units to realize the receipt and payment of transaction funds; (3) Approved insurance agency business; (4) Provide guarantee to member units; (5) Handle entrusted loans and entrusted investment between member units; (6) Handle bill acceptance and discount for member companies; (7) Handle the internal transfer settlement between member units and the corresponding settlement and clearing scheme design; (8) Absorbing deposits from member units; (9) Handle loans and financial leases for member units; (10) Engaging in interbank lending; (11) Underwriting corporate bonds of member units; (12) Equity investment in financial institutions; (13) Securities investment other than stock investment; (14) Consumer credit, buyer’s credit and financial leasing of products of member units; (15) Own foreign exchange settlement and sales business and foreign exchange settlement and sales business to member units of TCL technology group; (16) The pilot business of centralized operation and management of foreign exchange funds at the headquarters of multinational corporations includes: domestic collection of overseas foreign exchange funds, centralized management of domestic foreign exchange funds, and centralized allocation of foreign debt and external lending lines; (17) Derivatives trading business (general qualification, which is limited to the agency trading business of six products initiated by customers: forward foreign exchange settlement and sales, forward foreign exchange trading, foreign exchange swap, currency swap, interest rate swap and option); (18) Extend the pilot business of financial services in the industrial chain (“one end out” bill discount business and “one end out” accounts receivable factoring business).
2、 Basic information of internal control of TCL technology finance company
1. Organizational structure and operation
TCL technology finance has established a corporate governance structure with the board of shareholders, the board of directors, the board of supervisors and senior management as the main body. The board of directors has four special committees: risk management committee, audit and supervision committee, credit management committee and investment decision-making committee. Among them, the risk management committee is responsible for formulating systems, procedures and methods for identifying, measuring and monitoring business risks to ensure the realization of risk management and business objectives; The audit and supervision committee is responsible for formulating the audit system for various businesses, formulating the supervision system, and supervising the legality and compliance of the company’s operation and management and business operation; The credit management committee is the authority to review the company’s credit business; The investment decision-making committee is the authority of the company’s investment business review. Each committee is responsible to the board of directors of the company, and its members are composed of directors, supervisors, management, heads of relevant functional departments or external experts. The company sets up senior management positions such as general manager and deputy general manager, and the front desk includes corporate finance department, cash management department and institutional marketing department; The middle office includes financial management department and risk management department; The backstage includes human resources administration department, information technology department, audit department and digital development department, with clear rights and responsibilities.
2. Control activities
(1) Authorization management and internal control
TCL technology finance company implements a level by level limited authorization system combining direct authorization and sub authorization for senior management in accordance with the authorization management measures, and the reporting relationship is clear. The general manager implements top-down authorization under the authorization of the board of directors, and the deputy general manager reports to the general manager. The general manager of TCL Technology Finance Co., Ltd. is responsible for the daily operation and management. Each deputy general manager in charge is in charge of the front, middle and back office functional departments. The department managers of each functional department are responsible to the deputy general manager or general manager in charge, implement and report the daily operation work.
(2) Settlement business control
TCL Technology Finance Co., Ltd. carries out its business in accordance with various rules and regulations of relevant national departments and the people’s Bank of China, business management measures and business operation processes such as collection and payment settlement business management measures and RMB settlement account management measures, so as to first clarify the operation specifications and control standards in the procedures and processes, and effectively control the business risks.
In terms of deposit business of member units, TCL technology finance company strictly abides by the principles of equality, voluntariness, fairness and good faith, operates strictly within the normative authority issued by the regulatory authorities, ensures the safety of funds of member units and protects the legitimate rights and interests of all parties.
In terms of centralized fund management and internal transfer settlement business, member units open settlement accounts in TCL technology finance company, submit instructions online by logging in to the business management information system of TCL technology finance company or submit written instructions to TCL technology finance company to realize fund settlement, strictly ensure the safety, quickness and smoothness of settlement, and have high data security at the same time. All manual businesses of the cash management department are operated by two persons, one for handling and one for review, so as to ensure timely and accurate accounting and timely feedback in case of problems.
(3) Credit business control
Under the guidance of the company’s credit rules and regulations, the corporate finance department strictly implements the “three checks” system of loans, carefully investigates the authenticity and legitimacy of the trade background of credit business and capital demand, strictly examines the purchase contracts and value-added tax invoices provided by the borrower, carries out quarterly post loan inspection after the loan is issued, and strengthens the management of the use of credit funds to ensure the legitimacy of the use of credit funds.
(4) Internal audit control
TCL technology finance company implements the internal audit supervision system, and has formulated relatively complete internal audit management methods and operating procedures to conduct internal audit and supervision on the company’s operation and management activities. The audit department is responsible for the internal audit business of TCL technology finance company, supervising and inspecting the implementation of the company’s internal control, the legality, compliance, safety, accuracy and effectiveness of business and financial activities, and putting forward valuable improvement opinions and suggestions to the management for the weak links of internal control, management imperfections and various risks arising from the audit.
(5) Information system control
The fund management platform, the core system of TCL technology finance company, integrates customer management, fund management and information management, integrates business processing, process control and risk management, and effectively integrates the integrated operation functions of account management, receipt and payment accounting, credit financing, information collection and decision analysis. The credit business system of TCL Technology Finance Co., Ltd. realizes the online operation of the whole process of credit management, credit expenditure, corporate contract billing, post loan management, etc., systematically controls key nodes and operations, and effectively resolves operational and compliance risks.
3. Overall evaluation of internal control
The internal control system of TCL technology finance company is relatively perfect and implemented effectively. In terms of capital management, the company has better controlled the risk of capital flow; In terms of credit business, the company has established corresponding credit business risk control procedures to control the overall risk at a reasonable level.
3、 Operation management and risk management of TCL technology finance company
(I) operation
By the end of December 2021, TCL Technology Finance Co., Ltd. had total assets of 17.709 billion yuan, net assets of 1.942 billion yuan, net profit of 85 million yuan, non-performing loan ratio of 0 and good operation.
(II) management
TCL Technology Finance Co., Ltd. has always adhered to the principle of sound operation, standardized its business behavior and strengthened its internal management in strict accordance with the company law of the people’s Republic of China, the law of the people’s Republic of China on banking supervision and administration, the measures for the administration of financial companies of enterprise groups, the accounting standards for business enterprises, relevant national financial regulations and rules and the articles of association. According to the company’s understanding and evaluation of risk management, as of December 31, 2021, no major defects have been found in the risk control systems such as capital, credit, investment, audit and information management related to the financial statements of Tcl Technology Group Corporation(000100) financial company. (III) regulatory indicators
Standard value of serial number index at the end of December 2021
actual value
1. Capital adequacy ratio ≥ 10.5% 20.71%
Proportion of borrowed funds ≤ 100.00%
3. Guarantee ratio ≤ 100% 15.31%
4. Investment proportion ≤ 70% 0.97%
5. Proportion of self owned fixed assets ≤ 20% 0.02%
4、 Financial services of affiliated companies in TCL technology finance company
As of December 31, 2021, the financial services of affiliated companies in TCL technology finance company are as follows:
Total amount of business types of related parties (10000 yuan) closing balance (10000 yuan)
TCL Industrial Holdings Co., Ltd. has a daily deposit balance of
The deposit of affiliated legal persons of subsidiaries of the company exceeds RMB 6 billion and RMB 212779
TCL Industrial Holdings Co., Ltd. loans 0.00 yuan from affiliated legal persons to subsidiaries of the company’s comprehensive credit balance on any day
Credit granted by TCL Industrial Holdings Co., Ltd. to affiliated legal persons (discount of subsidiaries of company 8333422 with bill amount not exceeding 6 billion yuan)
Credit granted by affiliated legal person of TCL Industrial Holdings Co., Ltd. (accepted by the subsidiary of bill 3155721 company)
According to the company’s understanding and evaluation of risk management, no major defects are found in the risk management of TCL technology finance company. At present, there are no risk problems in the related deposit and loan and other financial businesses between TCL technology finance company and related parties.
To sum up, TCL Technology Group Finance Co., Ltd. has legal and effective financial license and business license of enterprise legal person, and has established a relatively complete and reasonable internal control system, which can better control risks; There is no violation of the provisions of the measures for the administration of financial companies of enterprise groups issued by Bank Of China Limited(601988) Insurance Regulatory Commission, and all regulatory indicators meet the relevant requirements of the measures.
It is hereby announced.
Board of directors of TCL Technology Group Co., Ltd. April 27, 2022
