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The role of the sunroom is mainly as follows:
1. It can let more sunlight into the room, improve the brightness of the room, and make the room brighter and more comfortable.
2. solar energy can be used to raise the indoor temperature, which can play the role of heat preservation in winter and reduce the energy consumption of heating.
3. Sunrooms are usually designed as bright and warm spaces, which can be used as places for leisure and entertainment, such as reading, resting and chatting.
4. It can increase the circulation of indoor air, prevent indoor mould and odour, and help to improve indoor air quality.
5. It can add a unique landscape and functional space to the house and enhance the overall value and attractiveness of the house.
**Risk Assessment Report for Financial Activities Related to Deposits and Loans of Jianghan Petroleum Drill Bit Co., Ltd. and Sinopec Finance Co., Ltd.**
In the first half of 2013, the average deposit balance of Jianghan Petroleum Drill Bit Co., Ltd., its subsidiaries, and the Wuhan Branch of Sinopec Finance Co., Ltd. was RMB 8,852,100, with a deposit balance of RMB 7,455,700 at the end of June. The total loan amount during this period reached 525 million yuan, with an average monthly balance of 401 million yuan and a closing balance of 425 million yuan as of June 30. The interest expense for the first six months amounted to RMB 9,572,300.
The primary risks associated with financial transactions—such as deposits and loans—between the company and the finance company are related to the safety and liquidity of the deposits. These risks are closely tied to the operational performance and financial stability of the finance company. Based on information provided by the finance company and verified through internal investigations, this report outlines the key findings and risk assessment of the financial activities involved.
**Overview of Sinopec Finance Co., Ltd.**
Sinopec Finance Co., Ltd. (hereinafter referred to as “the finance companyâ€) is a non-bank financial institution authorized by the People's Bank of China and established on July 8, 1988. It is registered with the State Administration for Industry and Commerce and directly supervised by the China Banking Regulatory Commission. The company is jointly owned by China Petrochemical Corporation (51%) and China National Petroleum Corporation (49%).
The finance company engages in a wide range of financial services, including financial consulting, credit guarantees, entrusted loans, bill discounting, interbank lending, and foreign exchange settlement. It also provides consumer credit, leasing, and portfolio investment services to its member units. As a pilot unit for foreign exchange operations among non-bank financial institutions, it handles foreign exchange fund settlements and centralized payments.
With a registered capital of 100 million yuan, the finance company operates from its headquarters located at the 7th floor of Sinopec Building, No. 22 Chaoyangmen North Street, Chaoyang District, Beijing, China. Its business license number is 100000000008418 (4-2), and its legal representative is Liu Yun.
**Risk Management and Internal Control**
The finance company has implemented a comprehensive corporate governance structure, including a shareholders’ meeting, board of directors, and board of supervisors. This structure ensures clear responsibilities and balanced decision-making across all levels of management.
The company emphasizes strengthening internal controls, improving employee professionalism, and enhancing risk awareness. Through regular internal audits, training programs, and performance evaluation systems, it continuously improves its internal control framework.
**Key Risk Management Components**
1. **Risk Management Structure**: The company aims to achieve comprehensive risk management, ensuring that risks are identified, controlled, and managed effectively. This supports sustainable business growth while maintaining operational stability.
2. **Credit Risk Management**: The finance company employs a three-tiered credit risk management system involving the Loan Review Committee, Risk Control Department, and Business Units. It follows a structured process for credit applications, approvals, and post-loan monitoring, ensuring that credit policies are strictly enforced.
3. **Internal Control Activities**:
- **Fund Management**: The finance company has developed standardized procedures for fund planning, deposit management, and internal settlement. These measures ensure the safe and efficient flow of funds.
- **Internal Audit**: An independent audit department regularly reviews business operations, compliance, and internal controls, identifying areas for improvement and recommending corrective actions.
- **Information System Controls**: Advanced IT systems support credit management, customer service, and data tracking, enhancing transparency and efficiency.
**Operational Performance and Risk Profile**
As of December 31, 2012, the finance company had cash and deposits totaling 4.145 billion yuan, along with interbank funds of 7.679 billion yuan. In 2012, it generated 3.02 billion yuan in interest income, with a net profit of 1.374 billion yuan. The company maintained strong financial health and stable operations.
Since its establishment, the finance company has adhered to strict regulatory compliance and sound management practices. It has never faced major financial or operational issues, such as deposit withdrawal problems, default on obligations, or fraud. It has also not been subject to any regulatory penalties or major security threats.
**Deposits and Loans of the Company**
At the end of June 2013, the company held a deposit of RMB 7,455,700 in the finance company and had a loan balance of RMB 425 million. These amounts were well within the acceptable limits and posed minimal risk. The company’s deposits were always secure and liquid, with no instances of delayed payments.
To further mitigate risks, the company has established a deposit risk reporting system and emergency response plan, ensuring the safety of its funds and timely resolution of potential issues.
**Conclusion**
In the first half of 2013, Sinopec Finance Co., Ltd. operated in full compliance with the relevant regulations issued by the China Banking Regulatory Commission. Its financial performance was strong, and its internal risk management framework was robust. Based on the company’s evaluation, there were no significant risks associated with the financial services provided between the company and the finance company. The overall risk level remained low and manageable.
Designed to maximize natural light and warm sunlight, a sunroom provides a bright, warm and comfortable space for its occupants. It can be used as a relaxation area, a garden room, a studio or a winter garden, allowing people to feel the natural environment of the outdoors indoors. The design of a sunroom can be customized to suit individual preferences and functional needs, and often takes into account factors such as ventilation, shading and insulation.