CNTSUN Held a Special Meeting on Enterprise Risk Management and Control

Improving enterprise risk management and control ability, establishing an effective risk control system, improving risk prediction and resolution ability, running soundly and improving operation and management level is a necessary course that every enterprise manager can't get around.

In the afternoon of 13th December, the relevant management of CNTSUN held a "Special Meeting on Enterprise Risk Control" in the conference room of the headquarters of Optics Valley of China in Wuhan. The meeting was presided over by Chen Junyu, the general manager of the company.

Mr Chen pointed out that in 2023, how many once brilliant and prominent giant enterprises have fallen down, and each of their successes can be written in a book, while the failures can be summarised in just a few words. Generally speaking, the risk of an enterprise mainly consists of the following parts:

The first is strategic risk. A promising business must have a sunny strategic plan. If a failed strategy is formulated or there is no strategy, the development of the enterprise will run away and go out of shape, or it will roam aimlessly like a headless fly. CNTSUN's development strategy is centred around: ten-year outlook, five-year planning, three-year development and one-year fine-tuning, and it is also formulated by gathering group wisdom and combining years of industry experience and practical crystallisation.

Second, the legal risk . Gentlemen do something, do not do something. Enterprise operation must also be legal and compliant, fully implement and conscientiously carry out national laws, regulations and policy provisions, and must not pursue interests and cross the red line, not to mention trampling on the law. Starting from this month, the lawyers of CNTSUN's Legal Department will give one or two law-prevention case lessons to all management every quarter.

Thirdly, financial and tax risks. Our enterprises must prepare financial reports in accordance with the provisions of relevant accounting standards and accounting systems, pay taxes and duties in a reasonable and compliant manner, and contribute to the country and society. All bills must be true, so as to achieve healthy and transparent financial and tax. As for financing and loans, CNTSUN is in a steady rise stage, and all major banks are throwing olive branches, at this time, we must use this double-edged sword with rational restraint. The enterprise's own blood-forming ability is the fundamental of sustainable operation!

Fourth, business risk. Operational risk is a common risk encountered in the company, high-level, if the business decision-making is not appropriate, will directly affect the achievement of business objectives. From procurement to production, from sales to payback, from quality control to after-sales; as well as fixed asset management, cash flow management, talent management, etc., should demonstrate a certain level of managers, otherwise it will lead to an increase in business risks, serious or even lead to business losses or closure.

Mr Chen suggested that CNTSUN, as a high-growth new energy photovoltaic R&D and manufacturing enterprise, is in the fast lane of the sunrise industry. In the process of rapid development, it is even more important to be down-to-earth and minimise all kinds of risks encountered by the enterprise with advanced cognition and keen judgement. It is necessary to have the ability of risk prediction, risk avoidance, and risk resolution, to truly achieve: "Stable and far-reaching, and then have the ability to do, do not lose the heart of the idea, all things can be expected".