CNOOC Limited released a risk assessment report on its wholly-owned subsidiary, CNOOC Financial Co., Ltd., on August 28, 2024. The report shows that CNOOC Financial has maintained steady operation since its establishment in 2002, with no non-performing assets or loans. As of June 30, 2024, CNOOC Financial's total assets reached 241.36 billion yuan, with owner's equity of 15.599 billion yuan. The total profit for the first half of the year was 1.036 billion yuan, with a net profit of 0.753 billion yuan. The company has a sound internal control system and a well-functioning risk management system, and all regulatory indicators meet the requirements. The capital adequacy ratio is 15.29%, and the liquidity ratio is 80%, demonstrating strong capital strength and risk resistance. The related transactions between...Show More

CNOOC Limited released a risk assessment report on its wholly-owned subsidiary, CNOOC Financial Co., Ltd., on August 28, 2024. The report shows that CNOOC Financial has maintained steady operation since its establishment in 2002, with no non-performing assets or loans. As of June 30, 2024, CNOOC Financial's total assets reached 241.36 billion yuan, with owner's equity of 15.599 billion yuan. The total profit for the first half of the year was 1.036 billion yuan, with a net profit of 0.753 billion yuan. The company has a sound internal control system and a well-functioning risk management system, and all regulatory indicators meet the requirements. The capital adequacy ratio is 15.29%, and the liquidity ratio is 80%, demonstrating strong capital strength and risk resistance. The related transactions between the company and CNOOC Financial contribute to improving fund operation efficiency, and the transaction prices are in compliance with relevant regulatory requirements. In conclusion, CNOOC Financial operates in compliance, has sufficient funds, sound internal controls, and good asset quality, with controllable risks in its financial services business such as lending and deposit-taking.