TCICL(SH:600281) Zheng Quan Zhi Xing·2025-05-27 09:14Core Viewpoint - The company, Shanxi Huayang New Materials Co., Ltd., plans to provide guarantees for its wholly-owned subsidiary, Taiyuan Huashengfeng Precious Metals Materials Co., Ltd., to secure financing from banks for operational needs [1][5]. Summary by Sections Guarantee Overview - The subsidiary intends to apply for a working capital loan of 50 million yuan from China Bank and a comprehensive credit facility of 70 million yuan from Industrial Bank [1][2]. - The total guarantee amount is 70 million yuan, with no counter-guarantee required [1][2]. - As of the announcement date, the company has not incurred any overdue guarantees [1][5]. Subsidiary Information - Taiyuan Huashengfeng Precious Metals Materials Co., Ltd. has a registered capital of 100 million yuan and is fully owned by the company [3]. - As of December 31, 2024, the subsidiary reported total assets of 288.19 million yuan, total liabilities of 207.94 million yuan, and a net asset value of 80.26 million yuan, with a debt-to-asset ratio of 72.15% [4]. - For the first quarter of 2025, the subsidiary's total assets increased to 338.45 million yuan, with total liabilities of 258.97 million yuan and a debt-to-asset ratio of 76.52% [4]. Necessity and Reasonableness of Guarantee - The guarantee is deemed necessary for the subsidiary's daily operations and business development, with the company able to effectively monitor and manage the subsidiary's activities [5]. - The board of directors supports the guarantee, stating it will not adversely affect the company's normal operations or business development [5]. Cumulative Guarantee Information - As of the announcement date, the company and its subsidiaries have no external guarantees, and there are no overdue guarantees [5]. - The actual guarantee balance as of December 31, 2024, was 301.04 million yuan, representing 492.87% of the company's latest audited net assets, all of which were guarantees for its wholly-owned subsidiary [5].