Sinotec(SH:603121) Sou Hu Cai Jing·2025-03-29 03:49Core Viewpoint - Huapei Power (603121) has provided a guarantee of up to RMB 16 million for its wholly-owned subsidiary, Wuhan Huapei Power Technology Co., Ltd, to support its operational needs [2][3] Group 1: Company Performance - As of March 28, 2025, Huapei Power's stock closed at RMB 19.8, down 0.75% from RMB 19.95 the previous week [1] - The stock reached a high of RMB 20.55 and a low of RMB 18.92 during the week [1] - The company's current total market capitalization is RMB 6.703 billion, ranking 93rd out of 225 in the automotive parts sector and 2257th out of 5139 in the A-share market [1] Group 2: Guarantee Details - The company has provided a guarantee of up to RMB 16 million to Wuhan Huapei, with an actual guarantee balance of RMB 13 million as of the announcement date [2] - The total amount of guarantees provided by the company and its subsidiaries is RMB 95 million, which represents 75.25% of the latest audited net assets [3] - There are no overdue external guarantees, and the company has not provided guarantees to its controlling shareholders or related parties [3] Group 3: Subsidiary Financials - Wuhan Huapei has a registered capital of RMB 35 million and operates in the automotive parts manufacturing and R&D sectors [2] - As of December 31, 2023, Wuhan Huapei reported total assets of RMB 73.024 million, total liabilities of RMB 29.506 million, and net assets of RMB 43.519 million [2] - By September 30, 2024, its total assets increased to RMB 82.205 million, with total liabilities of RMB 31.438 million and net assets of RMB 50.767 million [2]