Willsemi(SH:603501) Zheng Quan Zhi Xing·2025-05-28 09:22Summary of Key Points Core Viewpoint - The company, Shanghai Weir Semiconductor Co., Ltd., has provided guarantees for its wholly-owned subsidiary, Shanghai Haowei Integrated Circuit Group Co., Ltd., to secure bank credit facilities totaling RMB 98 million, with a cumulative guarantee balance of RMB 105.9 million as of the announcement date [1][2]. Group 1: Guarantee Details - The company has agreed to provide a guarantee of RMB 28 million to China Merchants Bank for the subsidiary's fixed asset loan [1]. - Additionally, a guarantee of RMB 70 million has been provided to China Minsheng Bank for the same purpose [2]. - The total guarantee amount is within the approved limit of RMB 4 billion for the fiscal year 2024, as established in the 2023 annual shareholders' meeting [2]. Group 2: Financial Status of the Guaranteed Entity - As of March 31, 2025, Shanghai Haowei reported total assets of RMB 147.54 million and total liabilities of RMB 119.87 million, resulting in a net asset value of RMB 27.67 million [3]. - The company generated revenue of RMB 94.55 million in the same period, although it reported a net loss of RMB 1.76 million [3]. Group 3: Board's Opinion and Justification - The board of directors has approved the guarantees, emphasizing that they are necessary for the subsidiary's operational needs and will not adversely affect the company's financial condition or operational results [6]. - The board believes that the subsidiary has a stable operating status and the ability to repay the loans, thus keeping the guarantee risks within a controllable range [6]. Group 4: Overall Guarantee Situation - As of the announcement date, the company has no overdue guarantees and the total amount of external guarantees, including the current one, stands at RMB 105.9 million [7].