Ningxia Yinxing Energy's 2024 sponsorship report highlights key areas

A recent sponsorship report by CITIC Securities on Ningxia Yinxing Energy (SZSE:000862) highlighted key operational areas in 2024. The report confirms timely review of the company's information disclosures and proper implementation of established regulations, including those related to resource management, fundraising, internal controls, internal audits, and related transactions. CITIC Securities also conducted monthly audits of the company's dedicated fundraising accounts. The report noted the company held no shareholder meetings and that one on-site investigation occurred during 2024. It also confirmed that the audit reports have been submitted in accordance with the Shenzhen Stock Exchange regulations. While some shortcomings in operations were identified, no significant breaches were reported. The report also noted that in 2024 the firm was impacted by CNY depreciations.