QJBIOCH(SH:600796) Zheng Quan Zhi Xing·2025-03-28 08:24Summary of Key Points Core Viewpoint - The company Zhejiang Qianjiang Biochemical Co., Ltd. has provided guarantees totaling 19.6 million RMB for its wholly-owned subsidiary, Harbin Northern Environmental Engineering Co., Ltd., to support the daily operations of its subsidiaries engaged in wastewater treatment [1][2]. Group 1: Guarantee Details - The total guarantee amount is 19.6 million RMB, with an actual guarantee balance of 45.27 million RMB, which includes the current guarantee [1][2]. - The guarantee does not have any counter-guarantee [1]. - There are no overdue guarantees reported [1]. Group 2: Subsidiary Information - The guaranteed entities include five wastewater treatment companies, all of which are wholly-owned subsidiaries of Harbin Northern Environmental Engineering Co., Ltd. [1][3]. - The financial data of the subsidiaries shows varying levels of total assets, liabilities, and net assets, indicating their operational status and financial health [3][4][5]. Group 3: Financial Health of Guaranteed Entities - Five companies have been detailed with their financial metrics, including total assets, total liabilities, net assets, and revenue figures for 2023 and 2024 [3][4][5]. - For instance, Wuchang Jinshuiwan has total assets of 42.27 million RMB and a net profit of 1.46 million RMB for 2023 [3]. - The financial data indicates that the subsidiaries generally maintain a manageable debt-to-asset ratio, with most companies showing an asset-liability ratio below 70% [3][4][5]. Group 4: Guarantee Agreement Terms - The guarantee agreement specifies that the guarantee period for each financing will be three years from the debt maturity date [9]. - The agreement allows for the recognition of any extensions or modifications to the financing terms, ensuring the guarantee remains valid [9]. Group 5: Overall Guarantee Status - The total external guarantees provided by the company amount to 1.91 billion RMB, which is 54.62% of the company's latest audited net assets [10]. - The outstanding guarantee balance is 1.125 billion RMB, representing 32.17% of the company's latest audited net assets [10].