SHANYING INTERNATIONAL(600567) 上海证券报·2025-03-17 18:53Core Viewpoint - The company has announced the provision of guarantees for its subsidiaries, with a total guarantee amounting to RMB 124.00 million, aimed at supporting their daily operations and business development [2][4][16]. Summary by Sections Guarantee Details - The company has provided guarantees to three subsidiaries: Suzhou Xinghua Printing Technology Co., Ltd. (RMB 80 million), Huanan Shanying Paper Industry Co., Ltd. (RMB 100 million), and intends to provide a guarantee for Wuhan Xiangheng Packaging Co., Ltd. (RMB 60 million) [2][4]. - As of the announcement date, the cumulative guarantee balance provided by the company is RMB 1,533.54 million, which accounts for 111.55% of the company's latest audited net assets [3][18]. Internal Decision-Making Process - The company held board and shareholder meetings to approve the 2024 guarantee plan, which allows for a maximum guarantee amount of RMB 3,050 million for the year [4][16]. Financial Health of Guaranteed Entities - Suzhou Xinghua reported total assets of RMB 22.53 million and a net loss of RMB 664.05 million for the year 2023 [7]. - Huanan Shanying reported total assets of RMB 385.38 million and a net loss of RMB 14.94 million for the year 2023 [9]. - Wuhan Xiangheng reported total assets of RMB 45.53 million and a net profit of RMB 1.59 million for the year 2023 [10]. Guarantee Agreements - The guarantees are structured as joint liability guarantees with a contract term of 12 months, covering principal, interest, penalties, and other related costs [12][14]. - A counter-guarantee has been provided by a shareholder of Suzhou Xinghua, ensuring additional security for the company [3][13]. Necessity and Reasonableness of Guarantees - The guarantees are deemed necessary for the subsidiaries' operational needs, with the company maintaining oversight of their management and financial health [16].