TYHI(SH:600169) Zheng Quan Zhi Xing·2025-05-28 09:22Core Viewpoint - Taiyuan Heavy Industry Co., Ltd. has announced the progress of providing a guarantee for its wholly-owned subsidiary, Chayou Technology Co., Ltd., with a guarantee amount of RMB 1.3736 million, which is not classified as a related party guarantee [1][2]. Group 1: Guarantee Details - The company has applied for a prepayment guarantee of RMB 1.3736 million from China Minsheng Bank Taiyuan Branch for Chayou Technology Co., Ltd. [1][2]. - As of the announcement date, the actual guarantee balance provided by the company to the guaranteed party is zero [1]. - The company has previously approved a non-financing guarantee limit of up to RMB 100 million for its subsidiaries [1]. Group 2: Subsidiary Information - Chayou Technology Co., Ltd. was established in 2024, with a registered capital of RMB 30 million and is located in Ulanqab City, Inner Mongolia [2][3]. - The company is involved in various sectors, including wind power technology services, sales of wind turbine units and components, and manufacturing of new energy equipment [2][3]. Group 3: Financial Status of the Guaranteed Party - As of December 31, 2024, Chayou Technology Co., Ltd. had total assets of RMB 221.04 million and total liabilities of RMB 174.11 million [3][4]. - The net assets were reported at RMB 46.92 million, with operating income of RMB 147.10 million and a net profit of RMB 0.46 million for the same period [4]. Group 4: Guarantee Necessity and Reasonableness - The guarantee is deemed necessary for the daily operations and business expansion of the wholly-owned subsidiary, with controllable risks and no adverse impact on the company's normal operations [4]. - The cumulative external guarantee amount by the company and its subsidiaries is RMB 914.11 million, accounting for 17.38% of the latest audited net assets [4].