NEWAY(SH:603699) Shang Hai Zheng Quan Bao·2025-04-22 20:24Group 1 - Neway Valve West Africa Fze is a wholly-owned subsidiary with total audited assets of 28.96 million yuan and a net profit of 6.52 million yuan for 2024 [1] - Neway Fluid Equipment Vietnam Company Limited, another wholly-owned subsidiary, reported total audited assets of 153.37 million yuan and a net profit of 9.32 million yuan for 2024 [2] - NEWAY ENERGY, a wholly-owned subsidiary, has total audited assets of 25.28 million yuan but reported a net loss of 0.70 million yuan for 2024 [3] Group 2 - C?NG TY TNHH NEWAY VALVE VI?T NAM, a proposed overseas subsidiary, has total audited assets of 11.89 million yuan and a net loss of 0.38 million yuan for 2024 [4] - Neway Flow Control Inc. has total audited assets of 35.48 million yuan and a net profit of 4.48 million yuan for 2024, despite a negative net asset position [5] - NEWAY VALVE (MALAYSIA) SDN. BHD. has total audited assets of 0.039 million yuan and reported a net loss of 0.0114 million yuan for 2024 [6] Group 3 - The company provides a guarantee for its subsidiaries with a total guarantee amount not exceeding 3.43 billion yuan [9] - The board believes that providing guarantees supports the normal operations of subsidiaries and aligns with the company's overall interests [10] - The supervisory board agrees that the guarantees benefit the subsidiaries' development and comply with legal regulations [11] Group 4 - The company has no overdue guarantees as of the announcement date [12] - The total guarantees provided to subsidiaries amount to 741 million yuan, representing 16.77% of the company's latest audited net assets [13] Group 5 - The company plans to use its own funds to purchase financial products up to 600 million yuan, with a maximum investment period of one year [20] - The financial products will be issued only by banks, securities companies, or trust companies to control risks [21] - The decision to invest will not affect the company's main business operations and aims to enhance fund utilization efficiency [27] Group 6 - The company intends to renew the appointment of Rongcheng Accounting Firm as its auditing and internal control auditing institution [29] - Rongcheng Accounting Firm has a strong track record, with no criminal penalties in the last three years and a good investor protection capability [34] - The audit fee for the annual report is set at 1.24 million yuan, excluding VAT [40]