江淮汽车: 江淮汽车及子公司对外担保的公告

Core Viewpoint - The announcement details the external guarantees provided by Anhui Jianghuai Automobile Group Co., Ltd. and its subsidiaries, primarily focusing on the financial support for its subsidiary Anhui Ankai Automobile Co., Ltd. and related entities, with a projected maximum guarantee amount of 3 billion yuan for 2025 [2][3]. Summary by Sections 1. Guarantee Overview - The company plans to provide guarantees to its subsidiary Ankai Bus to support its liquidity and sustainable development, with a maximum guarantee amount of 300 million yuan for 2025 [3]. - The total expected guarantee amount for 2025 is capped at 10 billion yuan, with a maximum outstanding guarantee balance of 6 billion yuan [3]. - As of the end of 2024, the actual guarantee balance provided to Ankai Bus is 28 million yuan, while the balance for the supply chain and end customers is approximately 301 million yuan [2][3]. 2. Financial Data of the Guaranteed Entities - Anhui Ankai Automobile Co., Ltd. has total assets of approximately 3.62 billion yuan, total liabilities of about 2.71 billion yuan, and a net asset value of around 905 million yuan as of the end of 2024 [5]. - The company reported total revenue of approximately 2.74 billion yuan and a net profit of about 10.85 million yuan for the year 2024 [5]. - Anhui Jianghuai Bus Co., Ltd. has total assets of approximately 521 million yuan, total liabilities of about 418 million yuan, and a net asset value of around 102 million yuan as of the end of 2024 [6]. 3. Internal Decision-Making Process - The board of directors approved the guarantee proposals on March 27, 2025, which require shareholder approval for certain aspects [3][6]. - Specific guarantees within the approved limits do not require further board approval, while guarantees exceeding the approved limits must follow the company's decision-making procedures [3]. 4. Risk Management Measures - The company emphasizes that the guarantees are provided to subsidiaries, which minimizes risk, and the guarantees will support the operational needs of these subsidiaries [7]. - To control risks, the company will conduct strict credit assessments of clients and utilize various collateral methods, such as pledging certificates and fixed asset mortgages [7]. - Ankai Bus will also provide vehicle repurchase guarantees to facilitate customer financing, which is expected to enhance sales [7]. 5. Guarantee Statistics - As of the end of 2024, the total external guarantee balance provided by the company and its subsidiary Jianghuai Guarantee is approximately 3.08 billion yuan, representing 27.14% of the latest audited net assets attributable to shareholders [8][9]. - The overdue guarantee amount from Jianghuai Guarantee is approximately 158 million yuan [9].