Haitong Securities(600837) 证券之星·2025-03-30 10:17Summary of Key Points Core Viewpoint The company, Maiwei (Shanghai) Biotechnology Co., Ltd., is seeking to provide a guarantee of up to RMB 3.1 billion for its wholly-owned subsidiaries to support their financing needs, which is subject to approval by the shareholders' meeting [1][2][14]. Group 1: Guarantee Overview - The total guarantee amount for the subsidiaries is expected to be no more than RMB 3.1 billion, with specific amounts and terms to be finalized in formal agreements [1][2]. - The subsidiaries include Jiangsu Taikang Biomedical Co., Ltd., Shanghai Langrun Maiwei Biomedical Technology Co., Ltd., Jiangsu Maiwei Pharmaceutical Co., Ltd., Jiangsu Maiwei Kangxin Drug Research and Development Co., Ltd., Maiwei (Chongqing) Biomedical Co., Ltd., and Maiwei Vision Pharmaceutical Technology (Zhejiang) Co., Ltd. [1][2]. Group 2: Financial Performance of Subsidiaries - Jiangsu Taikang Biomedical Co., Ltd. reported total assets of RMB 303.29 million and total liabilities of RMB 332.95 million as of December 31, 2024, with a net loss of RMB 2.37 million [3]. - Shanghai Langrun Maiwei Biomedical Technology Co., Ltd. had total assets of RMB 118.89 million and total liabilities of RMB 70.66 million, with a net loss of RMB 5.31 million [6]. - Jiangsu Maiwei Pharmaceutical Co., Ltd. reported total assets of RMB 41.57 million, total liabilities of RMB 35.65 million, and a net profit of RMB 8.77 million [9]. Group 3: Approval Process - The proposal for the guarantee has been approved by the board of directors and will be submitted to the shareholders' meeting for final approval [2][14]. - The decision-making process complies with relevant laws and regulations, ensuring no harm to the interests of the company and its shareholders [14][16]. Group 4: Risk Management - The company believes that the subsidiaries have good credit status, which allows for effective control and mitigation of guarantee risks [14]. - The independent directors and supervisory board have expressed support for the guarantee, emphasizing its necessity for the subsidiaries' operational needs [14].