Summary by Moomoo AI
CHINA PETROCHEMICAL CO., LTD. (HEREINAFTER REFERRED TO AS “CHINA PETROCHEMICAL”) ISSUED THE ASSOCIATED TRANSACTION RISK CONTINUING ASSESSMENT REPORT ON 22 MARCH 2023. The report showed that net cash flow from operations in China increased by RMB452 billion in 2023, net cash outflow from investing activities increased by RMB609 billion, and net cash inflows from financing activities increased by RMB624 billion. The final cash and cash equivalents are RMB 1,218 billion. The Company's deposits, loans, warrants and other financial activities of China Petrochemical Finance Limited (the “Finance Company”) and China Petrochemical Shengjun International Investment Limited (hereinafter referred to as the “Shengjun Company”) are under the control and no associated transactions have been found between the financial company and the Shengjun Company. Existence of anomalies or significant deficiencies in risk management. As a financial company and a controlling shareholder of Shengjun Corporation, China Petrochemical Group ensures the safety and regularity of transactions without prejudice to the interests of the company and shareholders.