NBTM(SH:600114) Zheng Quan Zhi Xing·2025-05-27 09:14Summary of Key Points Core Viewpoint - The company has announced a guarantee for its subsidiaries, Shanghai Fuchi High-Tech Co., Ltd. and Zhejiang Dongmu Keda Magnetoelectric Co., Ltd., with a maximum guarantee amount of RMB 350 million, while the total guarantee balance provided to these subsidiaries is RMB 879.99 million, which exceeds 50% of the company's net assets for the fiscal year 2024 [1][9]. Group 1: Guarantee Overview - The company has signed two "Maximum Guarantee Contracts" with Bank of China, providing joint liability guarantees for its subsidiaries from May 27, 2025, to May 27, 2028 [1][4]. - The total maximum guarantee amount for Shanghai Fuchi is RMB 200 million and for Zhejiang Dongmu Keda is RMB 150 million [5][9]. - As of the announcement date, no loans have been drawn under this guarantee [1][4]. Group 2: Internal Decision-Making Process - The guarantee was approved by the company's board and shareholders during the annual meeting held on April 28, 2025, allowing for a total guarantee of RMB 312 million for the fiscal year 2025 [2][9]. - The maximum guarantee amounts approved are RMB 96 million for Shanghai Fuchi and RMB 70 million for Zhejiang Dongmu Keda [9]. Group 3: Financial Status of Subsidiaries - Shanghai Fuchi has total assets of RMB 2.12 billion, total liabilities of RMB 1.18 billion, and net assets of RMB 937.85 million as of December 31, 2024, with an annual revenue of RMB 1.44 billion and a net profit of RMB 102 million [3][4]. - Zhejiang Dongmu Keda has total assets of RMB 881.03 million, total liabilities of RMB 538.81 million, and net assets of RMB 342.22 million, with an annual revenue of RMB 807.48 million [4][9]. Group 4: Necessity and Reasonableness of the Guarantee - The guarantee is deemed a reasonable business operation aligned with the company's overall development needs, and the associated risks are considered manageable [9].